Legality and entrepreneurship

Undertaking a coaching business has its rules and knowing them can help us to take the steps so that our work is properly formalized. The legality of our business as a Coach is a relevant aspect that allows us to be within the business circuits without any problems. It is not only about having a degree from an academy, we will be constantly interacting with a legal environment that also validates our work and strengthens our prestige as a Coach. Defining what type of company we will be is characteristic of the construction stage of our business, whether we will form a charitable company, limited company, limited liability company, or simply as self-employed, among others that we understand to be cataloged.

The limited partnership.

Among the definitions that we look for our type of business we can refer with certainty to the limited liability companies because they provide us with certain privileges that we can take advantage of to legally consolidate an economic and sustainable business. First of all, in the case of limited companies, banks always guarantee better benefits and priorities to these than to other types of companies or self-employed. The form of taxation of the limited companies has a fixed percentage of withholdings and not as in the case of the self-employed with a tax according to their earnings or progressive IRPF. There are also several types of limited companies that have so many benefits according to our type of business or the legal and economic characteristics that we need, such as: the sole proprietorship, new company, SLL, the successive formation (SLFS), to name a few examples.

Social enterprise.

Social enterprises were created in order to eradicate problems that affect in one way or another the development and social development such as poverty, hunger, environmental impacts and so on. The strategy of forming social enterprises always fulfills an organizational role in society and can support many social cases such as charity centers for the protection of children, the protection of the elderly, or cases of great affectation such as rehabilitation for alcoholism or victims of domestic violence. A good objective of social enterprises with great and notable impact is the gradual reintegration of the beneficiaries to their environment after having experienced a disabling event or trauma. The impact of this type of enterprises can always generate positive influences for the environment such as the creation of skilled jobs for many sectors, although it also includes volunteering.

Create business plan.

In order to improve the results of any company we always elaborate a business plan and we as Coach have the mission to help consolidate great changes that lead to the success of the business and human sector. The first point to take into account for a business plan are the goals, which are nothing more than where we want to get to tomorrow, what we want to achieve in the short or long term. Our dreams can be stimulated by countless reasons when we are in the process of creating a company, but we must always analyze our current reality, be pragmatic with the resources we have for its realization; if we are satisfied with the present we will not have the opportunity to see what we can change for the better in our environment. The business plan also contemplates the options we have for the realization of our enterprise and the benefits we can obtain step by step. Then to consolidate our business plan is good to set the when; set approximate dates to meet our objectives, first comes one thing, then comes another and so on; put a date to our actions and goals helps us to visualize more clearly our achievements and development both personal and professional.

Cost structure.

Since we are talking about dreaming, we can put our feet on the ground, which is also important. The cost structure of our business is another of the machines that make up our economic sustainability. Being fully aware of our business capital helps us to know how far we can go and how much we can afford. Adequately distribute our investments, our taxes, the rent, what we earn and what we pay is an aspect to take care of in all the