Czech Banks Launch a Guide for New Entrepreneurs

Czech banks are opening their doors to aspiring entrepreneurs. If you’re wondering how to start your own business, banks like Česká spořitelna and mBank provide comprehensive support for new ventures. They have developed online resources filled with essential information and practical advice to help you get started, eliminating the need to search multiple sources. You can find everything you need—from business registration to accounting and financing—conveniently gathered in one place.

Banks offer more than just financial services; they serve as partners in your entrepreneurial journey. They provide expert guidance, assist you in navigating complex regulations, and offer tailored solutions to meet your unique business needs.

Benefits of Working with a Bank

• Comprehensive Approach. Access all the services you need in one location.
  
• Simplicity and Accessibility. Information is presented clearly and is easy to understand, with online consultants available to assist you.
  
• Up-to-Date Information. Resources are continually updated to reflect the latest legal changes.
  

Take advantage of the extensive support offered by Czech banks and take your first step toward entrepreneurial success.

Emphasizing Innovation and Partnership

Czech banks are at the forefront of supporting aspiring entrepreneurs. Through innovative online platforms, Česká spořitelna, mBank, and Mastercard provide a wealth of resources to help you turn your business ideas into reality.

These platforms offer step-by-step guidance on business registration, accounting, and financing, along with access to expert advice and tools to help you create a successful business plan.

By partnering with a bank, you gain not just a financial institution, but a trusted advisor committed to your success.

Focusing on Benefits for Entrepreneurs

Are you dreaming of starting your own business? Czech banks can help make that dream a reality.

Česká spořitelna, mBank, and Mastercard have developed user-friendly online platforms specifically for aspiring entrepreneurs. These platforms provide everything you need to get started, including:

• Comprehensive guides on business registration and operations;
• Practical advice and tips from industry experts;
• Access to financing options.
  

With the support of a Czech bank, you can focus on building your business while they manage the complexities of finance and administration.

Czech Business Academy: Empowering Aspiring Entrepreneurs

Česká spořitelna, one of the leading banks in the Czech Republic, has launched the Business Academy to support aspiring entrepreneurs. Here’s how you can get started.

To join the Business Academy, you must first register. Once registered, you will have access to a series of individual training modules that will guide you through the most critical areas of entrepreneurship. For instance, the “My Idea” module will teach you how to create a business plan, identify underserved services in your region, and find potential areas of success.

The Business Academy provides a wealth of resources, including templates, prepared documents, and links to services you may need. For example, when creating a business plan, you can utilize the Lean Canvas document, a simplified business plan template where you can jot down notes and ideas related to your initial business concept. The comprehensive business plan allows you to examine your idea in greater detail and seriousness, as it will be the document you use when applying for bank loans or presenting to potential partners and investors.

The “Tools” category offers templates for various legal documents, tax return forms, and more.

Benefits for Completing the Academy

If you successfully complete the entire Business Academy curriculum, Česká spořitelna will offer you the most favorable terms for business loans. Additionally, if your business focuses on online sales, you can receive Shoptet online store templates free of charge for six months.

The Czech Business Academy is a valuable resource for aspiring entrepreneurs looking to turn their ideas into successful businesses. By providing comprehensive training, resources, and incentives, Česká spořitelna is empowering the next generation of entrepreneurs in the Czech Republic.

Entrepreneur’s Consultant from mBank

The Entrepreneur’s Guide website features over 300 articles organized into eight categories and thirty thematic areas. New content is added weekly, curated by a team of twelve experts. In addition to articles, the site offers useful documentation and a glossary of terms.

For instance, the website includes a guide for aspiring entrepreneurs that introduces SWOT analysis and outlines various digital tools. It provides insights on conducting market research at minimal cost, key considerations for self-employed individuals, and many other valuable tips. For established entrepreneurs, the site offers guidance on taxes and accounting, marketing strategies, digitalization, pricing evaluations, and negotiation techniques.

Within the Digitalization and Business module, you’ll find tips on leveraging artificial intelligence (AI) for creating text and graphics, streamlining your work processes.

The site also features a “Tools” section, where you can access templates for various legal documents, tax return forms, and more.

By completing the entire Entrepreneur’s Guide, mBank offers attractive terms for business loans. Additionally, if your business focuses on online sales, you can receive Shoptet online store templates free for six months.

Explore the resources available on the Entrepreneur’s Guide website to enhance your entrepreneurial journey!

How to Start a Business with Mastercard

Mastercard is launching a website designed to help aspiring entrepreneurs identify commercial locations with the highest business potential in their area. This portal, KdeZačítPodnikat.cz, assists users in finding the most suitable locations for various business sectors across 24 cities in the Czech Republic, including:

• Prague
• Brno
• Ostrava
• Pilsen
• Hradec Králové
• České Budějovice
• Děčín
• Frýdek-Místek
• Havířov
• Jablonec nad Nisou
• Jihlava
• Karlovy Vary
• Kladno
• Liberec
• Most
• Mladá Boleslav
• Olomouc
• Opava
• Pardubice
• Prostějov
• Přerov
• Teplice
• Ústí nad Labem
• Zlín

How It Works

During the search process, users answer four simple questions. Based on their responses, the tool suggests the types of businesses that could thrive in specific locations. The analysis is based on anonymized and aggregated data, including land purchases, population density, available infrastructure, and other relevant information.

The portal helps users evaluate the potential success of businesses in various sectors, such as food services, hairdressing, beauty salons, cafes, restaurants, clothing stores, pharmacies, and bars.

Search Options

Users have several options when using the portal:

• Find a location for a selected business
• Look for a business idea
• Search for both an idea and a location
  

For example, if you’re considering opening a café in České Budějovice, you can enter the city and business type on the portal. A map will be generated, displaying color-coded squares that indicate the suitability of different locations. Dark orange squares signify areas with few or no cafes, suggesting a higher chance of success for your business.

Supporting Entrepreneurs

“As a company, Mastercard is committed to supporting micro and small entrepreneurs,” says Jana Lvova, CEO of Mastercard in the Czech Republic and Slovakia. “With this new tool, they can now assess the potential success of their business ideas in specific locations for the first time. This means they no longer have to rely solely on intuition or personal observations; they receive a free analytical tool based on a wide range of data.”

For instance, the portal indicates that a restaurant, café, or bar in Letná, Prague, still has significant potential for success. In Most, there’s a good opportunity to open a women’s clothing store in the city center. In Frýdek-Místek, you could succeed by opening a manicure or pedicure salon in the area between Ostravská and Hlavní třída streets.

Additional Resources

The project also integrates with the real estate portal Sreality.cz, which lists available properties for rent or sale in these areas. Additionally, users can find information on air quality, internet speed, and traffic conditions in specific locations.

The portal also highlights complementary businesses—those that can enhance each other’s profitability. For example, Mastercard’s data shows that pharmacies and clothing stores work well together, while restaurants are a good match for hairdressers. This analysis is based on anonymous and aggregated shopping trend data.

Eva Svobodová, board member and CEO of the Association of Small and Medium-Sized Enterprises and Entrepreneurs of the Czech Republic, emphasizes the importance of this tool: “For many small entrepreneurs, who make up the majority of businesses in our country, the reality is challenging. They often struggle with limited resources and lack professional support. This portal provides them with access to data and analysis that were previously available only to large companies, helping them find the ideal location for their business. For those who are not in the media spotlight or do not receive sufficient state support, this tool is an invaluable guide on their path to success.”

source: https://www.mesec.cz/clanky/financni-instituce-obraceji-pozornost-k-zacinajicim-podnikatelum-radi-jak-s-rozjezdem/