100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary Theme 5 Economics Mr. van der Graaf RLS $3.20
Add to cart

Summary

Summary Theme 5 Economics Mr. van der Graaf RLS

 11 views  0 purchase
  • Course
  • Level

An extensive summary (including pictures and examples) of Theme 5 of the booklet that Mr. van der Graaf delivers to 3TTO students. The summary is 12 pages long and has 4,500+ words. Learn this summary carefully, a good grade is guaranteed!

Preview 2 out of 11  pages

  • September 16, 2024
  • 11
  • 2022/2023
  • Summary
  • Secondary school
  • 3
avatar-seller
Summary Economics 5.A, 5.B & 5.C

5.A. Entrepreneurship

Entrepreneurship in our economy

Entrepreneur = A person who creates a new business, thereby personally bearing the risks in case of
failure but also reaping the benefits in case of success.

- Most companies in the Netherlands are owned by self-employed people (ZZP’ers)
- More and more (young) people become an entrepreneur.

The consequences of starting your own company

Reasons for people to start their own company:
1. Looking for a new challenge
2. Being able to decide for oneself when and how much they work / a better work-private life
balance
3. Earning a higher income
4. Not being able to find a regular job
5. Bosses that ask the employee to start for themselves, so they can be hired back as a sole trader.
This offers the employer flexibility.

Differences working for yourself and for a boss:
Own company Working for a boss

You can decide when you work, where you work In the end, you need to do what your boss expects from
and what assignments to do. you (although you can have a say in that)

Your income may differ every month and can be Your income is predictable and more or less stays the
much higher of you do well, but also much lower if same every month
you don’t succeed.

You are responsible for the entire company You are only responsible for specific tasks

You need to manage yourself and take initiative You do not always have to take initiative.

You need to insure yourself against losing income You are automatically insured for being ill, disabled and
due to illness, disability and/or unemployment. unemployed.

You need to put money aside yourself for holidays Your employer pays you during holidays (you even get
and for your retirement a holiday allowance!) and you automatically save for
your pension (and the employer pays 67% of that!).

You need to pay yourself for goods or services Your boss pays for all that you need in order to carry
that you need for your work (e.g. phone, laptop, out your work.
transportation, additional training etc.

, Recent government policies around self-employment

Taxes:
- Self-employed people pay less taxes than regular workers in the Netherlands. They pay taxes
over their profit and that tax rate is lower than the tax rate on regular salaries. The self-
employed also receive a reduction for the first part of their profits.
Insurance:
- Many self-employed are not insured for a loss of income as a result of disability, illness or
unemployment. They also cannot charge a higher price to their customers to compensate for
these extra costs.
- Therefore, there is a mandatory disability insurance for all the self-employed to prevent this loss
of income.

How to start a company?

The role of the chamber of Commerce (Kamer van Koophandel)

- If you have an own business you have to be registered at the Chamber of Commerce.
- The chamber of commerce has three tasks:
1. Maintain an administration of all registered companies
2. Give advice to new and existing entrepreneurs. Think about how to get a loan from a bank, how
to hire personnel, how to sell products and services online or how to do business abroad.
3. Organize regional events where entrepreneurs can meet each other while being informed on
recent topics.
The business plan
- Before you start an own business you want to have a solid plan. This plan involves 5
components:
1. Making a personal plan
2. Choosing a form of enterprise
3. Making a marketing plan
4. Making a financial plan
5. Taking care of administration, insurance and permits.
Personal plan
- Mostly looking at yourself and thinking what knowledge and skills to I have? What
characteristics do I have?
Choosing a form of enterprise

Legal entity = An individual, company or organization that has legal rights and obligations
- So when a company is a legal entity it can buy and sell products, get a loan, hire personnel or get
engaged in a rental contract. It also pays taxes and can be held accountable.
Bankruptcy (faillissement) = When a company is not able anymore to meet its financial obligations.

 Sole tradership (eenmanszaak) and general partnership (Vennootschap) – not legal entities
- Not all companies are legal entities, and often when people start a company they chose not to
be one.
- When a company is not a legal entity, the owner is engaged in contracts, pay taxes and held
accountable for any debts if the company goes bankrupt.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller maxvandorsser. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $3.20. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53068 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$3.20
  • (0)
Add to cart
Added