{"id":8743,"date":"2022-06-07T08:35:35","date_gmt":"2022-06-07T05:35:35","guid":{"rendered":"https:\/\/blogit.lab.fi\/labfocus\/?p=8743"},"modified":"2022-06-07T08:35:37","modified_gmt":"2022-06-07T05:35:37","slug":"covid-19-and-new-entrepreneurs-perseverance-through-the-pandemic","status":"publish","type":"post","link":"https:\/\/blogit.lab.fi\/labfocus\/en\/covid-19-and-new-entrepreneurs-perseverance-through-the-pandemic\/","title":{"rendered":"COVID-19 and new entrepreneurs: perseverance through the pandemic"},"content":{"rendered":"\n

The COVID-19 era probably frightens new entrepreneurs with increased inflation, high petrol prices, expensive electricity, and governmental GDP debt. Despite the situation and governmental restrictions, the Finnish economy remains stable. (Bank of Finland 2021.) What exactly does it take to be a successful entrepreneur? Has COVID-19 affected new businesses? The entrepreneurs of Bodyplanet Oy have hands-on experience on it.<\/p>\n\n\n\n

\"\"
Image 1. The COVID-19 era may frighten new entrepreneurs. (mohamed_hassan 2020)<\/figcaption><\/figure>\n\n\n\n

<\/p>\n\n\n\n

9 steps to start a new business in Finland<\/h2>\n\n\n\n

Establishing a new company can seem like a daunting process within the pandemic. M\u00e4kel\u00e4 (2022) states being prepared, making connections and networks, scanning the future as well as unique production of products and services are all part of creating a successful business. Well, practicing self-care is just as important. A tired entrepreneur is less likely to be productive, adds M\u00e4kel\u00e4. Below are nine steps to start a new business in Finland (Uusyrityskeskus 2021, 4\u20135):<\/p>\n\n\n\n

  1. the business idea<\/li>
  2. business permits<\/li>
  3. business plan<\/li>
  4. company name<\/li>
  5. financing<\/li>
  6. start-up documentation<\/li>
  7. the Trade register and the Tax Administration registers<\/li>
  8. partners and networks (bank, accounting, business premises, etc.)<\/li>
  9. self-employment pension insurance (YEL) and other insurances.<\/li><\/ol>\n\n\n\n

    Be ferocious!<\/h2>\n\n\n\n

    Bodyplanet Oy was established in October 2021, just in the middle of the global pandemic. Bodyplanet is a sports and gym facility located in Nastola Finland providing quality gym equipment, personal training sessions, group fitness exercise classes and more. Suddenly, lockdowns were forced on the entire sports, restaurant, and bar community of businesses in December 2021 (ESS 2021). Business operations came to a halt, leaving the company with nothing but a month to plan their comeback after lockdowns were lifted in February 2021 (Ojanper\u00e4 2022). The management of business at Bodyplanet revealed advice on succeeding in the fitness industry during COVID, based on personal experience (Kenneth 2022, 17\u201318):<\/p>\n\n\n\n