Getting into micro-enterprise: what to think about

Getting into micro-enterprise is known as simple, inexpensive, fast. However, like any business creation, it is necessary to be well prepared. Formerly called the auto-entrepreneur regime, the micro-enterprise is a very popular legal form for creating a simplified sole proprietorship. Between 2015 and 2019, INSEE even recorded more than 520,000 micro-enterprise creations, or 64% of all French business creations. The micro-entrepreneur regime provides for simplified accounting and formalities to offer more flexibility, especially to first-time entrepreneurs. On the other hand, simplicity does not exempt us from acting with rigor, anticipation and organization. Here are the key elements to think about when embarking on micro-enterprise.

From 2015 to 2019, micro-enterprises accounted for 64% of French business creations.

Create a bank account dedicated to your micro business

After having evolved several times, the rules on the bank account of micro-enterprises seem to have stabilized. Thus, since May 23, 2019, the PACTE Law lifts the obligation to open a dedicated bank account for certain micro-enterprises. From now on, micro-enterprises must create a bank account that makes more than 10,000 euros in turnover per year; and this for at least two consecutive calendar years.

However, providing a bank account for his professional activity, separate from his personal account, has significant advantages. This makes it possible to better manage your accounting by tracking transactions more easily or to fight against fraud.

To do this, there is no obligation to take complicated steps, or even to wait for an appointment in a bank. An online bank does the trick, especially since some develop offers specially designed for the self-employed. Thus, it is possible, for example, to create a professional account with Blank. As part of its offer for professionals, this online bank provides a payment terminal, adapted insurance, but also accounting management tools for example.

Surround yourself with competent professionals

Even in a sole proprietorship, an entrepreneur can rarely do everything, all by himself. He has his own job, his clients to manage and does not have all the skills useful for his new role as a business leader. Thus, embarking on the micro-enterprise also implies knowing how to surround yourself with trusted partners, able to accompany you in the development of your activity.

Banker, chartered accountant, communication professionals, business club, ADIE, CCI… The local and national economic ecosystem is full of business services. Do not hesitate to ask them!

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In micro-enterprises, it is important to select partners in order to develop your business.

Benefit from financial aid accessible to micro-entrepreneurs

When you start your business, including your micro-enterprise, it is common to go in search of financing. Micro-entrepreneurs are also eligible for various financial aids. At national level, for example, it is possible to apply for the Return to Work Assistance Allowance (ARE). In this case, the amount of the monthly allowance is calculated according to the declared income and makes it possible to ensure a regular inflow of money.

The self-employed can also apply for assistance for the takeover or creation of a business (ARCE). On the other hand, this aid replaces the employment assistance allowances. If you opt for this aid, you then receive your unemployment benefits in the form of capital, paid in one go on the day of the creation of the company. Its value is equivalent to 45% of the amount of AER fees remaining to be paid at the beginning of the activity.

The government also offers assistance to business creators or buyers (ACRE). This aid entitles you to a partial exemption from social security contributions for one year. Eligibility for ACRE is subject to conditions. There is therefore an ACRE eligibility simulator available free of charge online.

In addition to national aid, micro-entrepreneurs can apply for regional or local aid, or even European funding.

Equip yourself with the right work tools to manage your micro-business serenely

To embark on the micro-enterprise, the main thing is indeed to be competent in your profession. On the other hand, since the micro-entrepreneur is alone in charge, he must also quickly develop solid business skills. Never mind! There are tools, platforms and software designed to facilitate the daily tasks of the business owner.

To manage the customer relationship, centralize data, easily find contracts and quotes, opt for a simple and effective CRM. Similarly, it is strongly advised to use online accounting software. It offers flexibility by being accessible from anywhere, including from a smartphone; automates a large part of the tasks to save valuable time; and significantly reduces the risk of accounting errors. Some of these tools, such as Quickbooks, are particularly suitable for micro-enterprises and VSEs.

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