Category: Establishment and liquidation of a legal entity
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Bookkeeping Tips for Small Entrepreneurs
For all entrepreneurs, large or small, bookkeeping is of great importance for successful business operations. However, many entrepreneurs face challenges related to bookkeeping, especially when financial resources are limited. Below, we offer several free bookkeeping tips that will help you manage your small business finances more efficiently. The first thing you should do is separate…
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Business Model Canvas
Business Model Canvas (BMC) is a strategic tool that enables entrepreneurs to clearly and concisely define the key elements of their business model. Developed by Alexander Osterwalder, BMC has become a standard in the world of entrepreneurship because it allows entrepreneurs to quickly test and adapt their business ideas without the need for extensive planning…
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Digital Transformation of Traditional Business Models
In recent decades, digital transformation has become a key factor determining the long-term competitiveness and success of companies. Although this change is often associated with tech startups, traditional businesses that previously operated using old-school methods and tools can—and must—also integrate digital technologies into their operations to remain relevant and competitive. Digital transformation is not just…
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Financial Literacy for Entrepreneurs: Basic Financial Concepts Every Entrepreneur Should Know
Financial literacy is a key element for every successful entrepreneur. Without understanding fundamental financial principles and tools, entrepreneurs may face significant obstacles in managing their business. From making strategic decisions to managing liquidity, every financial decision affects the long-term success of the company. In this text, we focus on the basic financial concepts that every…
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How to Choose an Activity Code When Registering a Sole Proprietorship in Serbia?
When founding a sole proprietorship (P.R.) in Serbia, one of the key steps is choosing the appropriate activity code. The activity code is not merely an administrative requirement, but plays a significant role in business operations, as it is directly connected to legal obligations, tax treatment, and the possibility of obtaining licenses and certifications in…
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How to Start a Startup in Serbia? // Step-by-Step Guide
Starting a startup in Serbia is an exciting but also challenging endeavor. With the right plan and strategy, you can turn your entrepreneurial dreams into reality. This guide walks you through the key steps needed for a successful launch. 1. Idea and ConceptEvery successful startup begins with an innovative idea. The first step is identifying…
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How to Prepare Financial Reports That Attract Investors?
Preparing financial reports that attract investors requires accuracy, transparency, and clarity in data presentation. Investors seek relevant information that enables them to assess the stability, profitability, and growth potential of a company. Well-structured reports build trust and increase the chances of securing investment. 1. Clearly and Neatly Structured Financial ReportsFinancial reports must be: Key documents…
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How to Register as a Sole Proprietor Online in Serbia? // A Step-by-Step Guide for IT and Service-Based Businesses
Starting your own business in Serbia is significantly easier today thanks to the digitalization of procedures. Sole proprietorship registration can now be done entirely online, without visiting any government counters—especially important for young people in IT and service sectors. Below is a guide with all the key steps. 1. Obtain an Electronic CertificateAn electronic certificate…
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Common Mistakes Made by First-Time Entrepreneurs – and How to Avoid Them
Many entrepreneurs in the early stages make mistakes that can slow down or jeopardize their success. While mistakes are part of the learning process, some of them can be avoided with proper planning and preparation. Below, we analyze the most common pitfalls beginners fall into and offer advice on how to avoid them. Insufficient Market…
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The Most Common Mistakes When Starting a Sole Proprietorship – and How to Avoid Them
Starting a sole proprietorship is a big step toward realizing business ideas and dreams. However, many entrepreneurs—especially those entering the world of business for the first time—make several key mistakes that can impact their business success. These mistakes often include administrative and legal oversights, which can lead to serious consequences. To avoid these obstacles, it…