The lack of money is usually responsible for the few investments made in different fields. Talented and capable people do not have the courage to open a business due to lack of money. Funds from the European Union can change this by providing the necessary financing for many businesses. However, to access European funds you need a good business idea and a tailor-made project.
Check if your business idea is eligible to obtain European funds
Did you decide to set up your own business with European funds? Congratulations are in order! The first thing you need to do is check if you are eligible to access these funds.
Small and medium-sized enterprises (SMEs), non-governmental and non-profit organizations, young people who want to become entrepreneurs, people working in research and innovation, farmers, and public and local bodies. Regardless of the category you belong to, you are eligible to start your business with European funds.
At this point, you must determine if your project qualifies for the programs available for funding.
Drafting of the project for European funds
If you are lucky enough to have a business idea that fits into one of the programs offered by the European Commission for financing, it is time to start writing the project for European funds. Your project must contain a realistic and compelling business plan, which should include information such as:
- The type of market to which the product or service is directed;
- 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 because otherwise you will have to endure certain financial corrections. A realistic projection of your business eliminates all possible problems that you may have.
Working with a consulting company: the secret ingredient
The easiest way to start an EU-funded business is to work with a consulting company, such as Odas Global Consulting. Odas offers full business consulting services and helps clients access European funds.
Furthermore, Odas consultants have almost 2 decades of experience, during which time they have offered consulting services to an impressive number of clients from Romania, as well as from abroad. As for accessing European funds, Odas consultants can help you with everything you need. They can provide you with step-by-step assistance, complete the application documents, prepare the project and make sure it is implemented correctly, so you get the best results.
You are still not convinced that setting up a business with European funds is right for you. Get in touch with an expert Odas consultant to help you make the right decision. Odas consultants will work with you only if they are satisfied that your projects are eligible and likely to succeed.
You can be sure of one thing: with Odas Global Consulting, your business idea is in good hands. As long as you have a good idea that is eligible for funding, you can have a successful and profitable business.