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What you need to know about a business plan [part 1]

What is it? A business plan is a solid and convincing written document presenting a project, often entrepreneurial. It gathers any studies and assessments you’ve conducted to see your project through into a single document and contains factual elements and precise financial figures. A business plan is widely considered as an essential presentation tool for…

Starting out as an SSE entrepreneur: initiatives you need to know in Luxembourg

So you’ve decided to take that idea that’s been running around in your head lately and pursue it as a social entrepreneurship project? The SSE sector has been booming in recent years. A range of different structures and initiatives are out there to guide you in your reflections and the whole entrepreneurial process. We’ve selected…

Qualities of a good entrepreneur

No one is born an entrepreneur, and everyone is a potential candidate for embarking on the entrepreneurial adventure. That being said, an entrepreneur’s personality is often seen as a key element in their success or failure. So before you take the leap, give some thought to your true motivations and chance at success. Starting-up or…

Validating your project’s social need

In social entrepreneurship, there’s a lot of talk about social needs. After all, starting a social business is quite unfounded if it isn’t meeting a social need. But what does social need really mean? And how can you validate a need? Many project leaders struggle to substantiate their targeted social need and wonder if their…

Five questions to ask before starting a business

This article’s purpose is to encourage you to ask certain specific questions, along five essential lines of thought, to thoroughly analyze your business idea/opportunity. You should ask these questions at the very beginning of the entrepreneurial process, meaning as soon as you’ve pinpointed an idea or opportunity that looks interesting. You can also think back…

9 tips for finding a business idea

If you’ve always been drawn to entrepreneurship but have never taken the leap because you haven’t found THE idea – the 9 tips in this article will give your creativity just the boost it needs! 1. Start with what you know how to do and enjoy doing Rather than searching the outer world for that…

How to assess social impact

Working for the good of society: the goal of social enterprises. Exclusion, health, the environment… they place public interests at the very heart of their activities to make a positive impact. Measuring social impact is thus a major stake for such organizations, but it can sometimes be hard to figure out which method is the…

Entrepreneurship: solo or with others?

Starting a business appeals to you, but you don’t want to go it alone? There could be many reasons (isolation, financial risk, lack of skills, power of persuasion, etc.). Starting-up – or taking over – a business with partners is a common and natural idea, and it has been proven that a good partnership optimizes…

Starting up or taking over a company: pros and cons

When you think entrepreneurship and dream of becoming an entrepreneur, the first thing that usually comes to mind is to start your own business… Seems logical enough, doesn’t it? After all, entrepreneurship is a means for fulfilling who you really are: by making your profession your passion, aiming for a higher income, building an activity…