Business Incubator: Your first year running a company

*Курс буде проходити англійською мовою, але матиме українські презентації, а також частковий переклад з боку волонтерів у разі необхідності.

Join our business incubator, across 7 weeks between mid-May and June 2024, to learn how you can manage one of the most important resources in your company - money, and understand what expects you in the first year of running a business. 

Language: English (with slides in Ukrainian + partial translation into Ukrainian language)

Speakers: 

Adrian Ionel Ursu - Consultant with over 10 years of experience with a focus on solving issues related to navigating the Danish legislation. Although he specializes in taxation reporting, he also offers bookkeeping services via his company ConsultDK. 

Diana Medrea-Mogensen - Business advisor with experience in integrating educational services into the entrepreneurial model, especially in creating accessible learning opportunities for adults in a second language. She will detail her journey of securing European funding and building strong transnational partnerships, offering actionable insights on how to use educational frameworks to enhance entrepreneurial ventures.

Sissi Bak - Business Development and Marketing expert with over 10 years of experience in supporting SMEs grow their business in the Scandinavian Market. Sissi has also a strong background in capacity building and training, conducting sessions tailored for the Nordic market. She has developed and facilitated over 200 workshops and training tailored to entrepreneurs and SMEs in Scandinavia. 

Narcis George Matache - Course developer and facilitator with over 300 workshops created and implemented in the past five years; Expertise in designing business courses aimed at international entrepreneurs in Denmark.

The course is aimed towards: 

• People who have already registered their CVR number and want to prepare for the first year
• People who plan to soon register the CVR number and want to know what is expected afterwards

Learning objectives 

• Understand the fundamentals of financial management, including accounting, bookkeeping, taxation, and strategic budgeting, to effectively manage the financial health of the business.
• Gain insight into key business operations such as invoicing, pricing strategies, customer management, and product development to ensure smooth day-to-day functioning and sustainable growth.
• Develop a comprehensive understanding of funding options available to startups and how to plan and secure financing to support business growth and development.
• Learn how to develop and execute strategic plans that align with the business's objectives, considering financial goals, market positioning, and long-term sustainability.
• Explore the principles and practices of social entrepreneurship, including the importance of social impact, ethical business practices, and how to integrate social and environmental considerations into business strategies.

Business Incubator program

1. Choose an accounting software and learn how to invoice
2. Understand the deductions and how to bookkeep
3. All about the taxes and how to report them  
4. Financial planning and funding
5. Strategic budgeting
6. Pricing strategies
7. Personal taxation - Annual tax declaration (1)
8. Personal taxation - Annual tax declaration (2)
9. Customers and products
10. Visit to a social entrepreneurship company 

Workshop 1: Choose an accounting software and learn how to invoice

14.05.2024, 17:00 - 19:00 (Tuesday) 

• Choose and set up an appropriate accounting software for the business.
• Learn how to create and send invoices using the chosen software.

Workshop 2: Understand the deductions and how to bookkeep

20.05.2024, 17:00 - 19:00 (Monday) 

• Understand various deductions applicable to the business.
• Learn how to maintain accurate bookkeeping records.

Workshop 3: All about the taxes and how to report them

21.05.2024, 17:00 - 19:00 (Tuesday)

• Gain knowledge about different types of taxes applicable to businesses.
• Learn how to report taxes accurately and timely.

Workshop 4: Financial planning and funding 

27.05.2024, 17:00 - 19:00 (Monday) 

• Learn how to navigate the entrepreneurial landscape in Denmark, including how to test your business ideas, secure financing, and find strategic partners. This workshop will also guide you on how to connect with business clubs and communities where you can meet like-minded entrepreneurs.

Workshop 5: Strategic budgeting 

06.06.2024, 17:00 - 19:00 (Thursday)

• Learn how to create and manage a strategic budget for the business.
• Understand the importance of budgeting in achieving business goals.

Workshop 6: Pricing strategies 

07.06.2024, 17:00 - 19:00 (Friday) 

• Learn how to formulate effective pricing strategies for businesses commonly started by refugees and expats in Denmark. This workshop will offer insights on how to set competitive prices and adapt to the unique market challenges and opportunities in Denmark.

Workshop 7: Personal taxation - Annual tax declaration (1)

11.06.2024, 17:00 - 19:00 (Tuesday)

• Understand personal taxation and annual tax declarations for business owners.
• Business on SL1 VISA
• How to avoid double taxation as a Ukrainian freelancer in Denmark

Workshop 8: Personal taxation - Annual tax declaration (2)

13.06.2024, 17:00 - 19:00 (Thursday) 

• Understand personal taxation and annual tax declarations for business owners.
• How to have a side-business while working
• Selling on loppemarked and taxes 

Workshop 9: Customers and products 

20.06.2024, 17:00 - 19:00 (Thursday) 

• Where to find the first customers (where to find a list of conferences)?
• Product packaging: what are the traditions and approaches in Denmark, how to order packaging in another country and arrange delivery

Workshop 10: Visit to a social entrepreneurship company

(tbd - potential date 29.06.2024) 

• Social entrepreneurship in Denmark: example and company visit.

 Ви завжди можете знайти більше інформації про майбутні майстер-класи та курси на нашому веб-сайті https://hub.dkiv.dk/uk/events, https://teuh.ehsys.dk/workshops  та в наших соціальних мережах:

 Telegram: https://t.me/EUUA_HUB         

 Facebook: https://www.facebook.com/EuropeanUkrainianHub        

 LinkedIn: https://www.linkedin.com/company/the-european-ukrainian-hub/         

 Instagram: https://www.instagram.com/euua_hub/    

Scheduled activities

-Choose and set up an appropriate accounting software for the business.
-Learn how to create and send invoices using the chosen software.

-Understand various deductions applicable to the business.
-Learn how to maintain accurate bookkeeping records.

-Gain knowledge about different types of taxes applicable to businesses.
-Learn how to report taxes accurately and timely.

-Learn how to navigate the entrepreneurial landscape in Denmark, including how to test your business ideas, secure financing, and find strategic partners. This workshop will also guide you on how to connect with business clubs and communities where you can meet like-minded entrepreneurs.

-Learn how to create and manage a strategic budget for the business.
-Understand the importance of budgeting in achieving business goals.

-Learn how to formulate effective pricing strategies for businesses commonly started by refugees and expats in Denmark. This workshop will offer insights on how to set competitive prices and adapt to the unique market challenges and opportunities in Denmark.

-Understand personal taxation and annual tax declarations for business owners.
-Business on SL1 VISA
-How to avoid double taxation as a Ukrainian freelancer in Denmark

-Understand personal taxation and annual tax declarations for business owners.
-How to have a side-business while working 
-Selling on loppemarked and taxes

-Social entrepreneurship in Denmark: example and company visit.

-Where to find the first customers (where to find a list of conferences)?
-Product packaging: what are the traditions and approaches in Denmark, how to order packaging in another country and arrange delivery