Blog Simple, relevant and practical: Our Nexova blog provides founders, startups and SMEs with the latest information on digital accounting and business management. Get in touch! All Accounting Business Tax and Legal Search for: Business Management June 16, 2024 | David Merz Founding a Startup: How Much Money Do You Need? Starting a new business is an exciting venture, but it also requires careful financial planning and a clear understanding of startup costs. From securing initial funding to managing ongoing expenses, knowing how much money you need is crucial for the success of your startup. In this article, we explore the importance of understanding startup costs, the factors that influence them, and the various sources of funding available. By gaining insight into these areas, you'll be better prepared to launch and sustain your startup effectively. Read more June 16, 2024 | David Merz Founding a startup alone: opportunities and pitfalls Founding a startup solo presents a unique blend of opportunities and challenges. “Solopreneurship” offers autonomy, flexibility, and the potential for greater financial rewards, but it also comes with significant downsides and risks, such as an increased workload, decision-making pressures, and difficulty attracting investors. In this article, we delve into the various pros and cons of founding a startup alone, and equip you with the tips and strategies you need to increase your odds of succeeding. Read more June 16, 2024 | David Merz Establishing a startup: is it worth the risk? Setting up a startup in Switzerland is one of the most exciting and opportunity-rich journeys, yet it is at the same time fraught with risks and potential hardship. In this article, we embark on a detailed exploration of the numerous advantages and disadvantages of establishing a startup. We also provide essential advice to those brave entrepreneurs who are ready to risk it all for the opportunity to accomplish their dreams. Read more June 16, 2024 | Lucia Robayo Overview of Acquisition Tax in Switzerland The acquisition tax is an essential but often misunderstood element of the Swiss VAT system. It plays a significant role in international trade and services provided by foreign companies to businesses based in Switzerland. This article comprehensively explains the acquisition tax, its mechanism, legal framework, and provides practical examples for illustration. Read more April 24, 2024 | David Merz How to Create a Robust Financial Plan for Startups in Switzerland In Switzerland’s rapidly evolving market, a well-crafted financial plan is essential for successful startups, serving as a cornerstone of their broader business strategy. In this comprehensive guide, we highlight the importance of financial planning in securing funding, directing strategy, managing risks, and monitoring performance. Moreover, we provide a complete roadmap for developing a solid financial blueprint, which is essential for navigating the competitive Swiss landscape and ensuring your startup's sustainable growth and success. Read more April 24, 2024 | David Merz Freelancers vs Employees: Which is best for your company? The choice between hiring freelancers and full-time employees is crucial for businesses aiming to optimize their performance and financial efficiency. In this article, we explore the distinctions between these two types of workers, outlining the level of flexibility, cost implications, and operational impacts of each. By examining the key advantages and disadvantages, we aim to help you determine the most effective workforce structure for your company’s specific needs and goals. Read more April 24, 2024 | David Merz Invoicing in Switzerland: Essential Components and Compliance Invoices are not just requests for payment; they are legal documents that play a vital role in the management of cash flow, tax reporting, and compliance with local laws. In this article, we explore the critical aspects of invoicing in Switzerland, emphasizing essential components and compliance requirements. We delve into the definition and importance of a valid invoice, distinguish between various types of invoices, and discuss the vital role of VAT-compliance in the invoicing process. Additionally, we outline the mandatory and optional elements required for a Swiss invoice, examine the need for digital signatures, and provide practical guidelines for the issuance and payment of invoices along with other key considerations. Whether you are a local SME or an international corporation operating in Switzerland, grasping the fundamentals of Swiss invoicing practices is critical for seamless business operations. Read more April 24, 2024 | David Merz What Must an Offer Contain? Being able to formulate persuasive offers to prospective clients is essential to the success of your business. An offer represents a commitment, triggering a potential binding agreement between the parties involved. Aside from its function as a legal agreement, a well-crafted offer can also serve as a marketing tool and indicator of expertise and reliability. In this blog, we help you understand the key elements of an offer, including what it contains and important issues surrounding enforceability and charges. We also outline some vital tips and pitfalls to keep in mind when creating an offer. Read more April 24, 2024 | Lucia Robayo Trademark protection in Switzerland and abroad: protect your company name and trademark In this blog, we explore the nature of intellectual property and its crucial role in the success of businesses. From patent protection to copyright and trademark law, we cover all aspects necessary to safeguard your creative achievements. Learn how trademarks protect start-ups from counterfeiting and how to effectively register and defend your intellectual property in Switzerland and beyond. Read more April 23, 2024 | David Merz Navigating the Future: Revolutionizing Financial Management with Continia In the nuanced framework of business operations, few pillars are as vital as financial management. Finance and financial strategy are the cornerstones of organizational stability, growth potential, and impact. In modern business we have entered an era in which financial clarity, accuracy in day-to-day transactions, and streamlined workflows are not only possible but simple and achievable. When it comes to strategies and software platforms to support our corporate financial goals we are somewhat spoiled for choice, but as we travel together in this blog we’ll profile a standout contender in today's marketplace. Read more of 11
Business Management June 16, 2024 | David Merz Founding a Startup: How Much Money Do You Need? Starting a new business is an exciting venture, but it also requires careful financial planning and a clear understanding of startup costs. From securing initial funding to managing ongoing expenses, knowing how much money you need is crucial for the success of your startup. In this article, we explore the importance of understanding startup costs, the factors that influence them, and the various sources of funding available. By gaining insight into these areas, you'll be better prepared to launch and sustain your startup effectively. Read more
June 16, 2024 | David Merz Founding a startup alone: opportunities and pitfalls Founding a startup solo presents a unique blend of opportunities and challenges. “Solopreneurship” offers autonomy, flexibility, and the potential for greater financial rewards, but it also comes with significant downsides and risks, such as an increased workload, decision-making pressures, and difficulty attracting investors. In this article, we delve into the various pros and cons of founding a startup alone, and equip you with the tips and strategies you need to increase your odds of succeeding. Read more
June 16, 2024 | David Merz Establishing a startup: is it worth the risk? Setting up a startup in Switzerland is one of the most exciting and opportunity-rich journeys, yet it is at the same time fraught with risks and potential hardship. In this article, we embark on a detailed exploration of the numerous advantages and disadvantages of establishing a startup. We also provide essential advice to those brave entrepreneurs who are ready to risk it all for the opportunity to accomplish their dreams. Read more
June 16, 2024 | Lucia Robayo Overview of Acquisition Tax in Switzerland The acquisition tax is an essential but often misunderstood element of the Swiss VAT system. It plays a significant role in international trade and services provided by foreign companies to businesses based in Switzerland. This article comprehensively explains the acquisition tax, its mechanism, legal framework, and provides practical examples for illustration. Read more
April 24, 2024 | David Merz How to Create a Robust Financial Plan for Startups in Switzerland In Switzerland’s rapidly evolving market, a well-crafted financial plan is essential for successful startups, serving as a cornerstone of their broader business strategy. In this comprehensive guide, we highlight the importance of financial planning in securing funding, directing strategy, managing risks, and monitoring performance. Moreover, we provide a complete roadmap for developing a solid financial blueprint, which is essential for navigating the competitive Swiss landscape and ensuring your startup's sustainable growth and success. Read more
April 24, 2024 | David Merz Freelancers vs Employees: Which is best for your company? The choice between hiring freelancers and full-time employees is crucial for businesses aiming to optimize their performance and financial efficiency. In this article, we explore the distinctions between these two types of workers, outlining the level of flexibility, cost implications, and operational impacts of each. By examining the key advantages and disadvantages, we aim to help you determine the most effective workforce structure for your company’s specific needs and goals. Read more
April 24, 2024 | David Merz Invoicing in Switzerland: Essential Components and Compliance Invoices are not just requests for payment; they are legal documents that play a vital role in the management of cash flow, tax reporting, and compliance with local laws. In this article, we explore the critical aspects of invoicing in Switzerland, emphasizing essential components and compliance requirements. We delve into the definition and importance of a valid invoice, distinguish between various types of invoices, and discuss the vital role of VAT-compliance in the invoicing process. Additionally, we outline the mandatory and optional elements required for a Swiss invoice, examine the need for digital signatures, and provide practical guidelines for the issuance and payment of invoices along with other key considerations. Whether you are a local SME or an international corporation operating in Switzerland, grasping the fundamentals of Swiss invoicing practices is critical for seamless business operations. Read more
April 24, 2024 | David Merz What Must an Offer Contain? Being able to formulate persuasive offers to prospective clients is essential to the success of your business. An offer represents a commitment, triggering a potential binding agreement between the parties involved. Aside from its function as a legal agreement, a well-crafted offer can also serve as a marketing tool and indicator of expertise and reliability. In this blog, we help you understand the key elements of an offer, including what it contains and important issues surrounding enforceability and charges. We also outline some vital tips and pitfalls to keep in mind when creating an offer. Read more
April 24, 2024 | Lucia Robayo Trademark protection in Switzerland and abroad: protect your company name and trademark In this blog, we explore the nature of intellectual property and its crucial role in the success of businesses. From patent protection to copyright and trademark law, we cover all aspects necessary to safeguard your creative achievements. Learn how trademarks protect start-ups from counterfeiting and how to effectively register and defend your intellectual property in Switzerland and beyond. Read more
April 23, 2024 | David Merz Navigating the Future: Revolutionizing Financial Management with Continia In the nuanced framework of business operations, few pillars are as vital as financial management. Finance and financial strategy are the cornerstones of organizational stability, growth potential, and impact. In modern business we have entered an era in which financial clarity, accuracy in day-to-day transactions, and streamlined workflows are not only possible but simple and achievable. When it comes to strategies and software platforms to support our corporate financial goals we are somewhat spoiled for choice, but as we travel together in this blog we’ll profile a standout contender in today's marketplace. Read more
