Tag Archive: entrepreneurship

Successful Entrepreneur Characteristics

The following article is by guest writer Pat Mackaronis, CEO and Founder of Brabble, Inc, a social network based in New York City. Visit Pat on Twitter at @patty__mack.

The definition of success is often subjective and differs from person to person. However, when determining the characteristics of a successful entrepreneur, there seem to be several fundamental traits in place. The aim of this article is to figure out what has worked for others and how to implement those concepts into the business plans of up and coming entrepreneurs.

Creativity

More often than not, creativity and a knack for thinking outside the box is a major aspect of building successful businesses. Many entrepreneurs have the ability to either come up with original, unique ideas or improve an existing one.

Work Ethic

You rarely hear about success stories from people who sit back and have their business empires grow by themselves. Getting ahead and growing a business on any scale usually requires determination and at least some initial hard work. It seems like this is the area where many new entrepreneurs fail. They simply don’t see the results they desire right away and quit. People who “make it” typically build their businesses from the ground up, putting forth lots of effort and persevere over the inevitable obstacles in their paths.

Confidence

This is another extremely important trait of most success stories. The world is often filled with negativity and envious haters who like to suck the life out of those who dare attempt to make it on their own. The ability to understand your strengths and qualities and implement them into your business strategy is an integral part of an entrepreneur’s growth. Almost every successful person has faced setbacks and adversity at some point. It’s those that can shake it off and keep going that end up on top.

Flexibility

The world is constantly in flux with trends coming and going like the seasons. The ability to be flexible and improvise on the fly is so often a common winner’s trait. Those who resist change and are unable to adapt find themselves permanently lagging behind and find their lives stagnant. This is why adaptability is often a necessary aspect of taking a business to the next level and keeping customers happy.

Passion

This seems to be an often overlooked aspect of successful business owners. It’s hard to consistently work on a project and give it your all if you’re completely uninterested. You may be excited with a full head of steam initially, but over time your enthusiasm wanes if you’re not dealing with something you truly enjoy. This is why it’s vital to ask yourself if you’re truly passionate about a business idea you have in mind. However, if your business idea gets you super excited and you can see yourself doing it long term, you might just have a winning idea.

So if you’re a budding entrepreneur just getting into the game, try to develop these characteristics and you will have a great shot at success and obtaining your goals.

Becoming an Auto-Entrepreneur in France

entrepreneurship france

What is an Auto-Entrepreneur?

The scheme was introduced by minister Hervé Novelli under the 2008 law to modernise the economy, and came into force in 2009. It aims to encourage small-scale start-ups and entrepreneurship in France. Auto-entrepreneurs are not required to register with the Registre du Commerce et des Sociétés (Chamber of Commerce and Businesses) or the Repértoire des Métiers (Trade Directory). Registration can be done online, at a Centre de Formalités des Entreprises, at chambres de commerce, chambres des métiers, or URSAFF centres.

Auto-entrepreneurs pay tax and social contributions at a flat percentage rate of turnover (previously, many would-be entrepreneurs were deterred from setting up their own businesses because of high charges and legal obligations in France). Charges are only due where there is income: if turnover is zero, nothing is owed. Most auto-entrepreneurs are also exempt from VAT, as long as their income remains below a certain threshold.

Who Can Register as an Auto-Entrepreneur?

Anyone aged 18 or over who is not already trading as a business can register as an auto-entrepreneur, including students, retired people and employees looking to supplement their income, as long as they belong to an accepted category.

Micro-Entreprise Tax Regime

The tax advantages of the auto-entrepreneur system are available to those who do not charge (or claim) VAT; and who do not exceed the threshold for turnover for their category of business. These thresholds are as follows:

  • €80,000 for businesses selling goods, articles, supplies, food (to take away or eat on the premises) and accommodation services.
  • €32,000 for other activities.
  • €32,000 for services that are taxable under BNC (bénéfices non commerciaux; this mainly applies to professions libérales.

Taxes and charges are calculated as percentages of turnover:

  • Businesses selling goods, articles, supplies, food (to take away or eat on the premises) and accommodation services: 13% (12% in charges + 1% income tax)
  • Other activities: 23% (21.3% in charges + 1.7% income tax)
  • Services that are taxable under BNC: 20.5% (18.3% in charges + 2.2% income tax).

ACCRE: Financial Help for Auto-Entrepreneurs

ACCRE stands for aide aux demandeurs d’emploi créant ou reprenant une entreprise. Would-be auto-entrepreneurs who are unemployed or under 25, for example, may be eligible for a reduction in social charges during the early years of their micro-entreprise. Information can be obtained from the APCE agency.