What is starting a business like in Germany? Is there a lot of opportunity to be self-sustainable in Germany? How do Germans feel about immigrants moving into the country and opening businesses and trying to become successful in the country?
We find out from those starting a startup company, is Germany good for entrepreneurs? from the streets of Munich.
Companies who helped us
Club Cosmetics
https://theclubcosmetic.com/home/
Trial and Error Clothing
https://trialanderror.clothing/
Links
Instagram @yourtruebrit
https://www.patreon.com/yourtruebrit
Sponsorships
Babbel
Lingopie https://t.ly/WQPZF
Learn German with great TV! Lingopie features 1000s of hours of compelling movies and TV shows .
Affiliate links
NordVPN: https://go.nordvpn.net/aff_c?offer_id=15&aff_id=100813&url_id=902
NordPass: https://go.nordpass.io/aff_c?offer_id=488&aff_id=100813&url_id=9356
As a Pakistani I fully support love and respect France Germany and it's beautiful people from Pakistan 🙂. Best regards from Pakistan 🙂.
The impression I get of the German economy and its surrounding "feeder" countries to the south and east is that it's highly dominated by the Mittelstand family businesses and the big players everyone's heard of – very corporate. At the same time there are a lot of traditional practices – not so many women work, fewer credit cards and mobile phones, still heavy use of cash, and not so much digitalisation of large swathes of the economy like in the UK.
I hesitate to say it because slagging off Britain has become a blood sport and we are so incredibly negative about everything at the moment – "the country's doomed, we're rubbish at everything, everyone hates us" etc – but there are some things we do well in entrepreneurial terms. The UK is a great place for tech startups and to launch new versions of retail businesses using digitalisation to drive choice and efficiency. British consumers are apparently some of the readiest in the world to try new products, especially online ones, so global companies use us as a testbed for new ideas. We're good at fintech and banking, mobile app development, computer gaming, food tech, retail innovation, pharmaceutical and other university -based R&D, & specialist manufacturing. We have become rubbish at mass manufacturing and at scaling up big businesses – our entrepreneurs sell up too soon and the government and capital markets do too little to help medium-sized businesses to grow and stay independent. Foreign companies find it too easy to take over our companies, scale up and export their ideas, and then milk the established UK market and take the profits overseas. The big US tech companies and foreign ownership of utility near-monopolies like water are classic examples. Large chunks of the economy remain dominated by big firms with wide moats and nice steady profits that startups find extremely hard to challenge.
You should have asked actual entrepreneurs. The average person on the streets know absolutely nothing about starting a business
GREAT INTERVIEW!!!
been to Club cosmetic and the place is a good example of young entrepreneurs trying to make a mark in a complex German market.
Kudos to Geleecka and Lou!
More of this type of interview.
Startups for Women in Germany: 1%
The Russian girl like Nina Kraviz…
Germans are risk averse cause
A) we are too inexpirienced in everything
B) germans are not very intelligent
Easy answer….it used to be before the Government made it unattractive with bureaucracy, laws and regulations. My cousin who has a window and door manufacturing business with 15 employees started his business in the 1980s in his grandmothers barn with used equipment, contract employees and very little capital. His girlfriend did the accounting and record keeping. That would be impossible today. You have an army, about 1/2 of the economy, of Beamten (Government workers) who have developed an entire economy around forms, fees, fines, rules and regulations to justify their existence. Hence, bylaw enforcement, the city or tax department would have smothered it in its infancy. As a couple of people have said you need to spend a lot of money on experts, lawyers, tax accountants and consultants to avoid falling into traps set for you before you can bill a single Euro. I can set up a corporation in Canada or the USA within 48 hours for about $1,000 including the min. share capital. Try that in Germany.
The second is an entrepreneurial mindset requires freedom and free thinking. Both are hard to come by in Germany. Essentially everything is forbidden (Verboten) unless its expressly allowed. The result is that people work, drive, and live with a mindset of following a precise plan, guidance or laws since there are consequences. That's great for having an obedient workforce, but not so good for developing innovative products. Then look at the employment laws, taxes and source deductions. Great for an employee, not great if you are a start up.
Great entertaining videos 🤩. I love this reporter's accent, sort of slightly camp Essex. I would. 😊
Thanks mate keep it up