Facts and tips, simple 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 April 23, 2024 | David Merz Why Startups Fail: Tips and Strategies for Better Success Rates Entrepreneurs the world over dream of being in that 1%: launching an ultra-successful startup that achieves unicorn status and brings benefits to customers around the globe. But why is it that, in reality, so few startups survive beyond their infancy, with even fewer making it big? This article delves into the multifaceted reasons why startups in Switzerland, and globally, face such high failure rates. Understanding these challenges is crucial for entrepreneurs aiming to thrive in this dynamic and competitive environment. Additionally, we provide strategic advice and essential insights that can help young startups navigate these hurdles and increase their chances of long-term success. Read more March 15, 2024 | David Merz Founding a Startup Company: Considerations, Process & Pitfalls Embarking on the journey of founding a startup in Switzerland is a challenge that demands clarity, strategy, and foresight. In this blog, we explore all the various considerations, processes, and pitfalls of startup creation. This includes defining what truly constitutes a startup, outlining the most important steps to founding a startup company, and understanding its various life phases. We also discuss the pitfalls to avoid and essential tips for success. Read more March 15, 2024 | David Merz Employee participation in Switzerland Employee participation has emerged as a highly successful strategy for organizational empowerment and innovation, motivating employees to work for the success of the company in which they have a vested interest. From equity sharing to decision-making involvement, employee participation encompasses various forms, each with its own features and associated tax implications. In this blog, we outline the different forms of employee participation, with a focus on equity participation. We discuss the tax implications and explore the advantages and disadvantages of employee participation in general. Read more March 15, 2024 | David Merz Telework in Switzerland The rise in telework is revolutionizing traditional employment structures by allowing professionals to perform their work tasks remotely. This blog provides a comprehensive overview of telework in Switzerland, including a definition of what telework is, the various forms of telework, its advantages and challenges, and additional insights for both employers and employees. It also explores some important practical and legal considerations for employers looking to implement telework structures in their organization. Read more March 14, 2024 | David Merz Convertible Loan for Startups Convertible loans are gaining popularity in Switzerland as an innovative financing solution for startups. They solve many of the problems inherent in traditional means of financing. That said, convertible loans do also come with their complexities and drawbacks. In this article, we take a deep dive into this exciting alternative to conventional financing. We discuss the challenges startups face when trying to acquire funding and how convertible loans can solve these, as well as outline their potential downsides. Finally, we help provide a thorough understanding of the various practical aspects of convertible loans. Read more March 14, 2024 | Lucia Robayo ERP migration: from Navision to Microsoft Dynamics 365 Business Central Companies that want to stay at the cutting edge of technology have to decide on the right time to upgrade or introduce new software systems. For users of Microsoft Dynamics NAV who are considering an upgrade to Dynamics 365 Business Central, it is crucial to know when the switch is appropriate and what the risks of hesitation are. This blog offers a concise insight into the technical and business arguments in favor of a timely migration. Read more March 14, 2024 | Lucia Robayo Outsourcing payroll accounting with SwissSalary As digital fiduciaries in Switzerland, we know from experience how challenging payroll accounting and HR administration can be. We have discussed the difficulties of choosing software for companies and hence recommended Dynamics 365 Business Central as an outstanding ERP solution. In this article, we want to help business owners navigate the complexities of payroll by taking a closer look at SwissSalary, our tried and tested payroll software. It offers seamless integration with Microsoft Dynamics 365 Business Central for efficient payroll and accounting. Read more February 22, 2024 | Lucia Robayo What entrepreneurs need to know about withholding tax in Switzerland If you run a company in Switzerland and employ foreign workers who are not tax residents of Switzerland (cross-border commuters) or who do not have a permanent residence permit (C permit), you need to understand how withholding tax works. This tax is deducted directly from income. Individuals who are living in Switzerland but do not have a permanent residence permit, as well as those who are not resident in Switzerland for tax purposes, are subject to withholding tax. Our blog post explains the finer points and details of withholding tax in Switzerland. Read more February 22, 2024 | David Merz How to Create a Business Plan that will Convince Investors One of the first and most important components of starting a business is putting together a comprehensive business plan. This takes the form of a written document outlining the key features of your business idea, purpose and goals, and core strategies for achieving them. The business plan forms the foundation of a successful business and is crucial for convincing investors to provide the capital you need for your venture. In our comprehensive guide, you will discover how a well-structured business plan not only attracts investors but also serves as a strategic roadmap, decision-making tool, and communication device. We also answer all the critical questions you have about constructing a business plan and guide you through its suggested structure and content. Read more of 13 Would you like a fiduciary consultation? Let us work together. Book a call
Business Management April 23, 2024 | David Merz Why Startups Fail: Tips and Strategies for Better Success Rates Entrepreneurs the world over dream of being in that 1%: launching an ultra-successful startup that achieves unicorn status and brings benefits to customers around the globe. But why is it that, in reality, so few startups survive beyond their infancy, with even fewer making it big? This article delves into the multifaceted reasons why startups in Switzerland, and globally, face such high failure rates. Understanding these challenges is crucial for entrepreneurs aiming to thrive in this dynamic and competitive environment. Additionally, we provide strategic advice and essential insights that can help young startups navigate these hurdles and increase their chances of long-term success. Read more
March 15, 2024 | David Merz Founding a Startup Company: Considerations, Process & Pitfalls Embarking on the journey of founding a startup in Switzerland is a challenge that demands clarity, strategy, and foresight. In this blog, we explore all the various considerations, processes, and pitfalls of startup creation. This includes defining what truly constitutes a startup, outlining the most important steps to founding a startup company, and understanding its various life phases. We also discuss the pitfalls to avoid and essential tips for success. Read more
March 15, 2024 | David Merz Employee participation in Switzerland Employee participation has emerged as a highly successful strategy for organizational empowerment and innovation, motivating employees to work for the success of the company in which they have a vested interest. From equity sharing to decision-making involvement, employee participation encompasses various forms, each with its own features and associated tax implications. In this blog, we outline the different forms of employee participation, with a focus on equity participation. We discuss the tax implications and explore the advantages and disadvantages of employee participation in general. Read more
March 15, 2024 | David Merz Telework in Switzerland The rise in telework is revolutionizing traditional employment structures by allowing professionals to perform their work tasks remotely. This blog provides a comprehensive overview of telework in Switzerland, including a definition of what telework is, the various forms of telework, its advantages and challenges, and additional insights for both employers and employees. It also explores some important practical and legal considerations for employers looking to implement telework structures in their organization. Read more
March 14, 2024 | David Merz Convertible Loan for Startups Convertible loans are gaining popularity in Switzerland as an innovative financing solution for startups. They solve many of the problems inherent in traditional means of financing. That said, convertible loans do also come with their complexities and drawbacks. In this article, we take a deep dive into this exciting alternative to conventional financing. We discuss the challenges startups face when trying to acquire funding and how convertible loans can solve these, as well as outline their potential downsides. Finally, we help provide a thorough understanding of the various practical aspects of convertible loans. Read more
March 14, 2024 | Lucia Robayo ERP migration: from Navision to Microsoft Dynamics 365 Business Central Companies that want to stay at the cutting edge of technology have to decide on the right time to upgrade or introduce new software systems. For users of Microsoft Dynamics NAV who are considering an upgrade to Dynamics 365 Business Central, it is crucial to know when the switch is appropriate and what the risks of hesitation are. This blog offers a concise insight into the technical and business arguments in favor of a timely migration. Read more
March 14, 2024 | Lucia Robayo Outsourcing payroll accounting with SwissSalary As digital fiduciaries in Switzerland, we know from experience how challenging payroll accounting and HR administration can be. We have discussed the difficulties of choosing software for companies and hence recommended Dynamics 365 Business Central as an outstanding ERP solution. In this article, we want to help business owners navigate the complexities of payroll by taking a closer look at SwissSalary, our tried and tested payroll software. It offers seamless integration with Microsoft Dynamics 365 Business Central for efficient payroll and accounting. Read more
February 22, 2024 | Lucia Robayo What entrepreneurs need to know about withholding tax in Switzerland If you run a company in Switzerland and employ foreign workers who are not tax residents of Switzerland (cross-border commuters) or who do not have a permanent residence permit (C permit), you need to understand how withholding tax works. This tax is deducted directly from income. Individuals who are living in Switzerland but do not have a permanent residence permit, as well as those who are not resident in Switzerland for tax purposes, are subject to withholding tax. Our blog post explains the finer points and details of withholding tax in Switzerland. Read more
February 22, 2024 | David Merz How to Create a Business Plan that will Convince Investors One of the first and most important components of starting a business is putting together a comprehensive business plan. This takes the form of a written document outlining the key features of your business idea, purpose and goals, and core strategies for achieving them. The business plan forms the foundation of a successful business and is crucial for convincing investors to provide the capital you need for your venture. In our comprehensive guide, you will discover how a well-structured business plan not only attracts investors but also serves as a strategic roadmap, decision-making tool, and communication device. We also answer all the critical questions you have about constructing a business plan and guide you through its suggested structure and content. Read more