Small Steps Towards Starting Your Business With European Funds

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Lack of money is often responsible for the few investments made in different areas. Talented and skilled people don't have the courage to open a business due to lack of money. European Union funds can change that by providing the necessary funding for many companies. However, to access EU funds a good business idea and a tailor-made project are needed.

Check if your business idea is eligible for EU funds

Have you decided to start your own business with European funds? Congratulations are in order! The first thing to do is to check if you are eligible to access these funds.

Small and medium-sized enterprises (SMEs), non-governmental organizations and non-profit organizations, young people who want to become entrepreneurs, people working in research and innovation, farmers and public and local bodies. Whichever category you belong to, you are eligible to start your business with EU funds.

At this point, you need to determine if your project is eligible for the programs available for funding.

Project development for European funds

If you are lucky enough to get a business idea that fits one of the programs offered by the European Commission for funding, it is time to start working on the project for European funds. Your project should contain a realistic and convincing business plan, which should include information such as:

  • The type of market to which the product or service is addressed;

  • The main customers and suppliers;

  • Identify the competition and the strengths of your business;

  • Financial projections to show the viability of your business.

It is extremely important to have achievable goals otherwise you will have to bear some financial corrections. A realistic projection of your business eliminates any problems you might have.

Working with a consulting company – the secret ingredient

The easiest way to start a business with EU funds is to work with a consulting firm, such as Odas Global Consulting. Odas offers comprehensive business advisory services and helps clients access European funds.

In addition, Odas Consultants have an experience of almost 2 decades, during which they have offered consultancy services to an impressive number of clients from Romania, as well as abroad. As for access European funds, Odas consultants can help you with anything you need. They can offer you step-by-step assistance, complete the application documents, prepare the project and make sure it is implemented correctly, so that you get the best results.

You are still not convinced that starting a business with EU funds is the right thing for you. Contact an expert Odas consultant to help you make the right decision. Odas Consultants will only work with you if they are satisfied that your projects are eligible and are likely to be successful.

One thing you can be sure of: With Odas Global Consulting, your business idea is in good hands. As long as you have a good idea eligible to access the funds, you can have a successful and profitable business.


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