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How to set your prices
If you have tested and validated your business idea, the time has come to fine-tune your offering and pricing strategy. First and foremost, be aware that overly low prices can put you in danger both financially and in terms of the image associated with your product/service. On the flip side, excessively high prices can chase…
7 Advantages to Starting a Societal Impact Company (SIS)
The “Societal Impact Company” (SIS) accreditation was created in 2016, aiming to promote a favorable climate for developing Social and Solidarity Economy (SSE) companies. Are you familiar with it? We have gathered its greatest advantages into this article for you. 1. A better-suited legal framework According to a Statec study, two thirds of Luxembourg’s ESS…
Business Permit Application: decryption
Leading up to a business launch, all entrepreneurs have to embark on the question of the governmental authorizations necessary for the implementation of his/her business. In principle, the Luxembourg legislator subjects all commercial, craft, industrial and certain liberal professions to the obligation of an authorization under a law of establishment. The authorization issued by…
As managing director / corporate officer: what are my liabilities?
You’re now officially or soon-to-be an entrepreneur. Congratulations! Beyond the sensation of freedom and accomplishment your business adventure brings, you know it also comes with its share of liabilities. Now you’re wondering which actions, consequences and obligations are on your shoulders as head of the company. This article will quickly run you through a managing…
9 Tips for Maximizing Your Impact
The social and environmental engagement of companies seems to be gaining ground, and the number of “impact” companies has taken a spurt in past years. Impact companies define themselves as engaged businesses, but the whole notion of impact is still hazy for a lot of people. Whether you’re aiming for an “impact” appellation for your…
Company bank accounts in 3 questions
1. When should it be opened? Before starting a company (SA or other legal forms), entrepreneurs must first open a bank account with a Luxembourg bank and ensure they have the share capital required to form the company. When the capital has been deposited onto the company’s bank account, the bank blocks the account and…
3-steps to boosting your LinkedIn network
As an entrepreneur, your network is important. Some might say crucial. The more connections you have, the more visible you will be, even indirectly. That’s why many of you turn to LinkedIn, THE professional social network, and it’s a good move! But before you go diving in with your eyes closed on a hunt for…
Choosing a legal form for your business
So you’re about to launch a business or are rethinking your activity. Not sure which legal form best suits your needs? This article looks into the key characteristics of the main legal forms in Luxembourg. Self-employment A self-employed entrepreneur, also known as a “freelancer,” “sole proprietorship” or “self-owned business” is the easiest legal form pursuing…
How to use press relations to showcase your company
Who has never dreamt of seeing their name and their company name in the press? Being in the media can be great publicity and can really bring in new customers, as long as you know how to approach them and spark their interest. We have a few tips to help you do just that! đ…