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Existenzgründung
/ɛksɪˈtɛnt͡sˌɡʁyːndʊŋ/
starting a business
Die Existenzgründung war ein großer Schritt für sie.
Starting a business was a big step for her.
Business
formal
The process of starting a new business or becoming self-employed, often involving legal, financial, and operational steps.
Er hat eine Existenzgründung im Bereich der Nachhaltigkeit geplant.
He has planned a business startup in the field of sustainability.
This term is commonly used in German business and legal contexts to describe the formal establishment of a new business venture.
Collocations
Existenzgründung fördernto promote business startupsExistenzgründung finanzierento finance a business startupExistenzgründung beratento advise on business startups
Related Phrases
Pro Tip
Legal Requirements
In Germany, starting a business often involves registering with the local trade office (Gewerbeamt) and fulfilling tax obligations.
Gold Rule
Business Planning
A solid business plan is crucial for a successful Existenzgründung, as it helps secure funding and outlines the business strategy.
Word Origin
Derived from 'Existenz' (existence) and 'Gründung' (foundation), reflecting the establishment of a new business as a means of livelihood.
Usage Notes
In German, this term is often associated with formal procedures such as registering a business, securing funding, and complying with legal requirements. It is commonly used in business, finance, and legal contexts.
Word Breakdown
Existenz
existence
rootGründung
foundation
rootDeutsch-Englisch Wörterbuch