02.08.2022
Startups and newly formed ventures are key players to new economy, generating money and contributing to the country’s GDP. Building a competitive economy and attracting foreign direct investments (FDI) should be a key part of any modern and solid country.
Startups normally bring innovative strategies targeted to accelerate growth and economic diversification, and ready to access new markets. Many startups focus on a range of sectors including fintech, e-commerce, disruptive technologies, energy startups, and sustainability.
Great ideas, innovation, market research, business plans, goals, mission, values, objective, investors, loans, raising funds, marketing, are all steps and activities that a startup needs to take. One of the most important steps is obtaining funding. Raising funds usually occurs by using venture capitalists, a group of professional investors that specialise in funding startups. Crowdfunding has also become another way for many to get access to the cash needed to startup the business process.
Startups normally have fewer employees, and these tend to wear many hats, working in various roles. The work environment is normally informal and in open spaces in order to increase interactions and flexibility. Risk and long hours are characteristics of startups as everyone is working to keep investors happy and ultimately succeed in the new business venture.
Starting a startup company can be a difficult venture and comes with a host of challenges in terms of attracting capital, engaging employees, legal stuff, and managing finances. However, it is also very rewarding when you see the company raising the necessary funds and succeeding.
Malta promotes an attractive and competitive environment for startups and investments, and this improves the ease of doing business in Malta. Malta’s position as an attractive business and investment destination should be on top on any startup and investor list.
Here at Fairwinds Management and Accounting Services, we know startups often do not have the access to the kind of consulting expertise that other bigger firms get, so we gladly offer services targeted at startups. For more info contact us today on +356 9999 6419 or +356 7909 3681 or info@fairwindsmanagement.net.
