A good way of planning a business start-up is to make a business plan. The business plan is a structured presentation of your thoughts on the product/service, market, competitors, strategies, business concept, income, costs and budget. A business plan will show you whether your concept can work and how to proceed in the next stage.

Read more about making a business plan

There are no restrictions on how much you can earn from a hobby activity. The difference between hobby activity and business activity is that hobby activity is not operating for gain. It is something you do in your leisure time and is not your main livelihood.

A hobby activity is normally taxed as earned income under the category employment income in the tax return. In principle, all income is taxable and all expenses are deductible. If you pursue business activity for gain, you must apply for F-tax and declare the profit under business income.

When you start up a business, you are no longer entitled to receive compensation from unemployment insurance. You will only be considered unemployed and qualify for this type of compensation if you cease trading. It is possible to suspend trading at some point in the company's lifetime, in which case you will qualify for compensation from unemployment insurance.

Contact Arbetsförmedlingen about support while starting a business

Yes, it is possible. However, your business may not compete with your employer's business activities. It is therefore a good idea to inform your employer that you have your own business. If you are public employee you must always inform your employer if you are about to start at business.

Being both employed and self-employed

In the Find advice and financing service, you can find different types of support for those who run a business or are considering starting one. You can find everything from seminars and training, to offers for financing.

In addition, there are contact details for both advisers and organizations that can help you in your business.

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At Nyföretagarcentrum you can get personal help free of charge to write your business plan.

Nyföretagarcentrum

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