STARTUPS.CH | Getting started as a Youngpreneur

How to master your Youngpreneurs everyday life and what you need to consider

Organisation as a recipe for success in self-employment as a Youngpreneur

In order to be able to live up to your existence as a student and as a successful entrepreneur, we recommend that you organise yourself well right from the start. In the following we give you some tips on how to keep your work-life balance under control.

Home-based businesses - How to run your business from home

Home-based businesses are one way of creating harmony between independence and study, job and leisure. Many youngpreneurs run their business from home and have a home-based business.

Not every business idea is suitable for the home office. You must therefore decide in your situation which is the right way for you. Of course not every product or service offered can be operated from home. You can run your own online shop or job placement platform from the comfort of your home office. However, setting up your own consulting company or carpentry workshop at home is difficult in most cases.

In any case, we recommend a clear and structured organisation to keep your time management under control.

Tip: It's worth deciding on the domicile of your company before you start up, to avoid having to change your domicile later.

Time management - Create a weekly schedule

As a Youngpreneur you are not only an entrepreneur, but also a student, apprentice or otherwise employed. So you run your own business and at the same time have university or school duties to fulfil.

Therefore it is important that you have your time management under control and that you draw up a weekly schedule. Here you can enter all important dates and have an overview of what is coming up. Make sure that you don't fill your schedule with unnecessary details so that you can keep a clear overview.

Which form - digital or on paper - your weekly schedule should have is entirely up to you and your preferences.

Set realistic goals

Challenging goals are good and will make you rise above yourself, but they must be realistic. This way you can celebrate small successes and do not put yourself under enormous pressure. Not every newly founded company experiences great growth from the start, so you should be happy about small progress.

By setting yourself realistic goals, you can ensure that your company will continue to develop. Once you have achieved your goals, you can set yourself new challenging goals that you think you can achieve.

The goals can be quantitative or qualitative. For example, they may include the number of products and services sold or the development of a new product.

Use your network as a student

As a student you have a network which you should definitely use. Universities or colleges offer you opportunities and resources that you will not be able to access later.

That is why we recommend that you take advantage of them. This way you can exchange ideas with lecturers and practitioners about your business idea, benefit from valuable tips and, if necessary, from their network. Among your current fellow students are possible future business partners or a possible co-founder.

Find your own identity and be confident

In the preparation phase you have already been able to get to know yourself better through self-analysis. You know where your strengths and weaknesses lie. Now think about who you are: What are your values? What drives you? What do you wish for?

Do not let your fears drive you, but be self-confident about yourself and your abilities. It is good to step out of line. All entrepreneurs are different and are characterised by their uniqueness.

Source: "Entrepreneurial Living - Unternimm dein Leben"

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Education allowances in self-employment

In principle, training allowances of at least CHF 250 per month are paid to trainees aged 16 to 25 years up to a maximum of the completion of their training. In some cantons these allowances are higher.

The training allowances are paid to the person who has parental care or who was in charge of it until he or she came of age. There is no longer an entitlement as soon as the gross income of the trainee(s) exceeds CHF 28,440.

We show you what insurance cover you need as a self-employed student

As a Youngpreneur, you must make sure that you have the best possible insurance cover. Self-employment is associated with risks. With a risk analysis you can find out which risks your company is affected by.

Carry out a risk analysis and avoid damage from the very beginning

Not every company is exposed to the same risks. These depend strongly on the activity of your company, the location and the risks within the industry. To find out what insurance cover you need, we recommend that you carry out a risk analysis. Ideally you should do this as follows:

Define risk criteria

Think about the risks that could arise in your company. The criteria you list here should be as objective and comprehensible as possible. To do this, go through different scenarios and include both external (fire, burglary) and internal (liability, illness, termination) sources.

Define damage classes

Define different levels describing how your company could be affected by the risks. For example, this could be 'low', 'medium' and 'high'.

Evaluation of the risks and the amount of damage

If you present the whole thing as a table (see illustration below), you can now assess how strongly the different risks affect your business. Note the approximate amount of damage.

Avoid and reduce risks

Try to avoid and reduce the risks identified here as far as possible. For example, make sure that you and your employees wear good protective clothing and take any protective measures necessary to prevent accidents.

Here is an example:

risk analysis in independence as a youngpreneur

Personal insurance - Insure yourself and your employees sufficiently

In the risk analysis you could see where the risks lie with your company. Here we will now show you how you should protect yourself and your employees with personal insurance and what is compulsory and what is voluntary.

Sole propietorship

As the owner of a sole proprietorship, you are considered a genuine self-employed person with regard to social insurance and the insurance cover is only binding to a limited extent. Insurance that goes beyond the legal requirements is your own responsibility.

For you as a self-employed person, only the basic OASI, DI and EO insurances are mandatory. If you run a sole proprietorship, however, you cannot join the unemployment insurance scheme. You can join a pension fund and accident insurance scheme in accordance with UVG on a voluntary basis.

Limited liability company

If you set up a limited liability company, you are considered an employee in your own company and are therefore an employee from the point of view of social security. Some insurance policies are compulsory.

You are obliged to insure yourself and any employees with the following insurance benefits: OASI, DI, EO, family allowances, unemployment insurance, accident insurance and occupational benefits. If you have identified further risks in the risk analysis, you can also take out benefits in addition to the compulsory insurance.

Public limited coporation

As a mompreneur who runs a public limited company, you are considered an employee in the same way as in the case of a limited company for social security purposes and for this reason you are obliged to have a certain amount of insurance cover.

When you set up a public limited company, it is also obligatory to insure yourself and your employees for OASI, DI, EO, family allowances, unemployment insurance, accident insurance and occupational benefits. You can also receive additional insurance benefits if you have identified corresponding risks in the risk analysis.

Insurance for your company - Insure your company where it is necessary

If you run a business, you must insure your company as well as your personal insurance. In the risk analysis you could find out where the risks are that need to be insured. In principle, there are no legally prescribed insurance benefits. However, depending on the industry, you may need to take out certain basic insurance policies. Since company insurance policies cover the entire company, it does not matter what legal form your company has.

Professional liability insurance

You should only cover yourself with a professional liability insurance if your company employs a professional group in which liability claims may arise as a result of the exercise of your profession. These professional groups include, for example, doctors, dentists, lawyers, trustees and architects. The professional liability insurance covers personal injuries, property damage and financial losses.

Business liability insurance

Although business liability insurances are not obligatory, we recommend that you take out one, as every company should insure itself in this form. It covers the liability risks that arise from business activities. This means that personal injury and property damage caused by your company to a third party are covered.

Property insurance

Property insurances can be divided into building insurances and insurances of personal effects.

The building insurance insures immovable property. If you are buying or owning property, the compulsory building fire insurance only covers damage caused by natural forces and fire. If there are other risks with your company, you can insure further damage throughout a building insurance.

The insurance of your belongings includes moveable property that you place in a building either as a tenant or owner. Damage to furniture and equipment is therefore insured.

Special insurances

If your risk analysis has revealed other risks not yet covered, one of the following special insurance policies may be of advantage.

Machinery insurance

A machinery insurance covers sudden and unforeseen damage to machinery.

Business interruption insurance

If your business activity is interrupted, business interruption insurance covers its financial loss.

IT insurance

If a computer breaks down, both the system and the data carrier (including the lost data) and the additional costs of an alternative are covered by IT insurance.

Epidemic insurance

Epidemic insurance covers the financial loss caused, for example, by spoilage of goods or interruption of operations resulting from illness. Influenza viruses are not insured here.

Outsourcing - Let us support you

Concentrate on your core business - we take care of the rest

Our trustees and lawyers will support you with accounting and tax returns. So you can concentrate on the essentials during your time.

Accounting at a monthly fixed price

Accounting with our subsidiary and trust company Findea AG enables you to do completely digital accounting, where you can find all documents in the cloud. So you can also check your figures outside office hours.

Basic

CHF 210 / month

excl. VAT

10 transactions per month

Financial statements

General Assembly Minutes

Company tax declaration

Arrange initial consultation

Business

CHF 400 / month

excl. VAT

30 transactions per month

Financial statements

General Assembly Minutes

Company tax declaration

Processing Value Added Tax

Reporting Value Added Tax

Arrange initial consultation

Prime

CHF 605 / month

excl. VAT

50 transactions per month

Financial statements

General Assembly Minutes

Company tax declaration

Processing Value Added Tax

Reporting Value Added Tax

Payroll accounting for 3 employees

Arrange initial consultation

Tax declaration for startups: With us you save time and money

You are a Youngpreneur, not a tax professional and want to save money and time? Let us fill in your tax return. All simply online by our experts and with satisfaction guarantee.

Basic

from CHF 179

Processing in

3 weeks

Control of the submitted documents

Preparation of the tax return

Extension of the deadline

Calculate offer

Business

from CHF 304

Processing in

2 weeks

Control of the submitted documents

Preparation of the tax return

Extension of the deadline

Express (2 weeks)

Control and discussion of the tax decision

Representation before the tax authorities

Calculate offer

Prime

from CHF 879

Processing in

1 week

Control of the submitted documents

Preparation of the tax return

Extension of the deadline

Super Express (1 week)

Control and discussion of the tax decision

Representation before the tax authorities

Check tax optimization

Personal consultation

Calculate offer

Basic

from CHF 499

Processing in

3 weeks

Control of the submitted documents

Preparation of the tax return

Certification of the remuneration of the board of directors and managing director

Control and discussion of the tax assessment

Extension of the deadline

Calculate offer

Business

from CHF 779

Processing in

2 weeks

Control of the submitted documents

Preparation of the tax return

Certification of the remuneration of the board of directors and managing director

Control and discussion of the tax assessment

Extension of the deadline

Express (2 weeks)

Control of payments

Representation before the tax authorities

Calculate offer

Prime

from CHF 1'499

Processing in

1 week

Control of the submitted documents

Preparation of the tax return

Certification of the remuneration of the board of directors and managing director

Control and discussion of the tax assessment

Extension of the deadline

Control of payments

Super Express (1 week)

Representation before the tax authorities

Personal consultation

Check tax optimization

Calculate offer

Basic

from CHF 79

Processing in

3 weeks

Control of the submitted documents

Preparation of the tax return

Extension of the deadline

Calculate offer

Business

from CHF 204

Processing in

2 weeks

Control of the submitted documents

Preparation of the tax return

Extension of the deadline

Express (2 weeks)

Control and discussion of the tax decision

Representation before the tax authorities

Calculate offer

Prime

from CHF 779

Processing in

1 week

Control of the submitted documents

Preparation of the tax return

Extension of the deadline

Super Express (1 week)

Control and discussion of the tax decision

Representation before the tax authorities

Check tax optimization

Personal consultation

Calculate offer

Mastering the Youngpreneur everyday life

How to master your Youngpreneurs everyday life and what you need to consider

Organisation as a recipe for success in self-employment as a Youngpreneur

Home-based businesses - How to run your business from home

Time management - Create a weekly schedule

Set realistic goals

Use your network as a student

Find your own identity and be confident

Attractive offers for start-ups and SMEs: Discover our Marketplace now and benefit!

Education allowances in self-employment

We show you what insurance cover you need as a self-employed student

Carry out a risk analysis and avoid damage from the very beginning

Define risk criteria

Define damage classes

Evaluation of the risks and the amount of damage

Avoid and reduce risks

Personal insurance - Insure yourself and your employees sufficiently

Insurance for your company - Insure your company where it is necessary

Professional liability insurance

Business liability insurance

Property insurance

Special insurances

Machinery insurance

Business interruption insurance

IT insurance

Epidemic insurance

Outsourcing - Let us support you

Concentrate on your core business - we take care of the rest

Accounting at a monthly fixed price

Tax declaration for startups: With us you save time and money