Are you from an EU member state and studying as an undergraduate or postgraduate at a German university? Then you can become self-employed or run a business and do so on either a full- or part-time basis. Producing a business plan is not a formal necessity! However, we strongly recommend that you draw up a business plan. You can read why here. If you want to become self-employed on a part-time basis, you do not need to draw up a comprehensive business plan.
Here you will find the answers to the following questions:
What is a business plan?
Why do we recommend writing a business plan?
What does a business plan include?
What income and expenditure are you expecting?
Once you have written the description, you need to create a table showing your initial financial calculations. This table should include the following parts:
Please bear in mind that (i) the price structure, (ii) the income structures and (iii) the income and social security tax rates in Germany are different to those in your home country, and that you must also take this into account when calculating your living expenses. You should write this section in German.
You can download a German template to help you with this. The English and Spanish versions are there solely to help you with the language.
Please give us a call or send us an email if you have any questions!