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As diverse ways of working become more prevalent, the number of digital nomad workers, who work without being bound by time or place, is increasing. Many of you may have seen them working on their computers in cafes and other places. However, some people may not know exactly who digital nomadic workers are or how they work. Therefore, this article will provide an overview of digitalnomadic workers, their advantages and disadvantages, suitable jobs, recommended places to work, and other details. What is a Digital nomad? Digital nomadic workers are people who work from place to place as they please. Basically, they work using a PC or tablet. The word "nomad" in digital nomad comes from the English word "nomad," meaning "nomadic" or "wanderer. Digital nomad are called nomad workers because their work style is in contrast to that of salarymen, who work at a fixed office at a fixed time and do not have a fixed base of operations, but rather live their lives on the move. Many nomadic workers tend to work in jobs that can be done with an Internet environment, such as web writers and designers. Difference between Digital nomad and "freelancers" or "teleworkers Digital nomad are sometimes confused with freelancers and teleworkers, but they are strictly different. The differences between them can be briefly summarized as follows. Differences from FreelanceThe term "freelance" refers to people who work on contract for companies without an employment contract, and is seen from the perspective of employment status. Digital nomad workers, on the other hand, are those who work without being bound by location or time. While many freelancers work as nomad workers, there are also freelancers who have a specific base of operations.Differences from TeleworkTelework is a combination of the words "tele" (remote) and "work," and refers to people who work for a company at a location away from the office, such as a home or a café. It is also sometimes referred to as remote work. In many cases, the time and place of work are not freely selectable, and the place and time of work are generally fixed. Advantages and disadvantages of working as a digital nomadic worker The advantages of working as a nomadic worker include the following two points. ・Digital nomadic workers are free to work when and where they wantUnlike the style of work where you go to work at a fixed time, digital nomadic workers are free to work when and where they want. Digital nomadic workers are free to work when and where they want, and can make the most of their time without having to spend long hours at work.・Less stress on human relationsBecause a high percentage of work is done by oneself, there is little need to worry about human relationships. Although you may occasionally deal with a client who is rude, it is less stressful than working in an office with a large number of employees. Next, we will discuss the disadvantages. ・Requires a high degree of self-disciplineBeing able to work when and where you want is an environment that makes it easy for some people to slack off. Therefore, it is necessary to have the ability to manage one's own schedule and distinguish it from one's private life. The ability to manage one's physical condition is also required, as there is no one to take your place in case you become ill.・Security riskBecause digital nomadic workers work from PCs in cafes and other places, it is essential to take careful security measures. If important information is leaked or hacked, you must take personal responsibility. Depending on the nature of the trouble, there is no possibility of being sued by the client. Four jobs suitable for digital nomadic workers! And what you need to bring with you The minimum requirements to become a digital nomadic worker are the following three. ・A terminal such as a PC or tablet・Internet connection environment・Chat tools or meeting systems First, an internet environment and a PC or tablet to work with are essential. Tools and systems must also be available for meetings and discussions with clients and staff. Once you have all three of the above, you are ready to work as a nomad. Here are four suitable professions for working as a digital nomadic worker. Writer A writer's main job is to create text in accordance with the client's wishes. There are a variety of types, including. ・Web writers: Write articles to be posted on the Web, such as corporate websites and blogs・Copywriter: Writes product taglines and body copy・Sales writers: Create landing pages (advertising pages)・Scenario writers: Create scenarios for TV dramas, radio dramas, games, etc. Although some types of writers are busy with interviews and other activities, most of the work can be done on the Web. Engineer Engineers are primarily responsible for developing and operating systems, applications, and web services in response to client requests. there are many different types of engineers, including SEs and programmers. In all cases, the work is suitable for digital nomadic workers because it can basically be completed on the Web, from receiving orders for projects to delivering products. IT technology has become indispensable not only for business but also for daily life, and the market continues to expand. Engineers with advanced skills have many opportunities for success and can expect high income. Consultant A consultant's main job is to provide consulting services that identify issues facing client companies and advise them on how to improve and solve them. They usually specialize in a specialized field, such as strategic consultants, IT consultants, or operational consultants. By utilizing web conferencing systems, etc., consulting work can be performed without being tied to a specific location. It is a job that requires a proven track record, experience, and in-depth knowledge, and always requires results, but is in high demand and can be expected to provide a high income. Video Editing Video editing involves looking at the footage that has been shot, cutting unnecessary scenes, inserting background music, etc., and completing it as a work of art. After meeting with the client to confirm their intentions, the work is often done alone. You can work at your own pace, choose where to work, and deliver your work over the Web. In recent years, more and more companies are focusing on video distribution and video advertising, and more and more individuals are using video distribution services. This job requires a wide range of knowledge, but is expected to have a high future potential. Preparation and Precautions for Becoming a Digital Nomadic Worker The reality is that many people who become digital nomadic workers because they yearn for a more flexible work style do not earn as much as they thought they would. In order to earn enough money to live on, you need to prepare carefully and take the necessary steps to become a digital nomadic worker. First, if you find a job that interests you, acquire the necessary skills and knowledge by attending a school or other means before starting as a side job. Even if you do not have a track record or connections, you can use crowdsourcing sites to find work. To hone your skills and acquire know-how, take on any projects that interest you. Once you are able to earn a minimum living, it is time to start your own business as a digital nomad worker. Note that digital nomadic workers have less social credit than company employees. Note that it may be difficult to be approved for credit cards and loan applications. Digital nomadic workers have one option, rent an office! Since nomadic workers do not have a base of operations, many of them work in cafes or family restaurants. However, it is not uncommon for them to find it difficult to concentrate due to the sounds and smells of conversations and eating around them. If you want a space where you can concentrate on your work, renting an office is one option. Depending on the management company, unlike renting an office, there is no security deposit or key money, and in many cases, utilities and common service fees are included in the rent, so initial and maintenance costs can be reduced. In addition, Wi-Fi environment is available, so there is no need to prepare it by yourself. By renting an office, you can immediately concentrate on your work in a quiet environment as your own private workplace. Benefits of renting an office space (Serviced office in Japan) Summary Digital nomadic workers are people who work when and where they want. This is an attractive work style, but in some cases, cafes are noisy and it is difficult to secure an environment where you can concentrate on your work. If you want a space where you can focus on your work, why not try renting an office? Tensho Office has offices conveniently located within a 5-minute walk from the nearest station. The only initial cost is the room rental contract fee, and monthly payments are rent only, so you won't incur any expensive fees. All rooms are private rooms, and users are pleased that they can concentrate on their work in a comfortable environment. If you have an office space that interests you, please feel free to contact us.

As you consider starting a business, some of you may wonder what a joint stock company is. This article provides an overview of a joint stock company, including its advantages and disadvantages, and the process of incorporation. There are many types of companies in the world, such as joint stock companies, limited liability companies, partnership companies, and general partnership companies. The most commonly asked about is a joint stock company, but some people may not be familiar with the structure of a joint stock company. This article explains the differences between a joint stock company and a limited liability company, as well as the advantages and disadvantages of establishing a joint stock company. The flow of establishing a joint stock company will also be introduced, so those who want to know more about joint stock companies as well as those who are considering starting a business should definitely refer to this article. What is a Corporation? A stock company is a corporation that is managed through the use of capital by issuing shares of stock and receiving capital contributions from shareholders. The shares are certificates issued by the company to the investors of the capital. For example, if a sole proprietor wants to start a business and open a restaurant, there are two ways to raise funds: using his/her own capital or obtaining a loan. On the other hand, a key feature of a joint stock company is that it can also use the "capital injected" method. There are two principles in a joint stock company. Details of each are as follows. ・Separation of ownership and management The principle is to separate the ownership and management rights of the company. Shareholders who have invested capital can participate in the "shareholders' meeting," which is the highest decision-making body of the company. Shareholders can elect "directors" at the general shareholders' meeting, and thus have a position of ownership of the company and can influence the management of the company. ・Principle of Shareholder Limited LiabilityThis principle states that shareholders are not liable for more than the amount of their investment in the event of bankruptcy of the company in which they have invested. The purpose of this principle is to clarify the scope of liability of investors and to receive more investments. Differences from a limited liability company A joint stock company and a limited liability company differ in various aspects, including the term of office of directors and the name of the representative. The main differences are as follows. Corporationlimited companyProfit sharingProfit distribution based on number of shares heldProfit distribution independent of the amount of investmentName of RepresentativeRepresentative DirectorSenior partnerTerm of OfficeMaximum 10 yearswithout a term of officearticles of incorporationAuthentication requiredNo authentication requiredEstablishment CostsFrom approx. 200,000 yenFrom approximately 100,000 yen Compared to joint-stock companies, limited liability companies are still less well known.However, the total number of limited liability companies is increasing every year, with some adopting the limited liability company form due to its greater flexibility. Source: e-Stat, General Contact for Government Statistics, "Number of registrations of limited liability companies by type https://www.e-stat.go.jp/dbview?sid=0003268322 Advantages and disadvantages of establishing a joint stock company Since joint stock companies and limited liability companies have different advantages and disadvantages, neither is superior to the other. Whether one or the other should be established depends on the key factors that are important to the person considering starting a business. Here we will explain three advantages and two disadvantages of establishing a joint stock company. Advantage 1: High social credibility A major advantage that a joint stock company has is its high level of social credibility. Since many companies are now joint stock companies, it is easier for clients to trust a joint stock company than a limited liability company or a limited liability company.The high level of social credibility is also effective in the hiring process. When there are multiple job openings in the same industry with similar conditions and benefits, and both "joint-stock companies" and "non joint-stock companies" exist, some job seekers may give priority to joint-stock company jobs. Also, being a joint stock company is advantageous in many situations, such as being able to obtain loans from financial institutions more easily. Advantage 2: Easier business succession Another advantage of a joint stock company over a limited liability company is that it is easier to pass on the business. In a joint stock company, you hold ownership of the company based on the number of shares you own. Therefore, business succession can be accomplished simply by transferring or selling the shares held. For example, it is not uncommon for a sole proprietor to want to take over a business, but be unable to do so due to a lack of successors or other reasons.If you want to keep your business going as long as possible, a joint stock company is the right choice. Advantage 3: Easier to save taxes Depending on the size of the business, corporations such as joint-stock companies are generally more tax-efficient than sole proprietorships.The main reasons are as follows. ・Corporate income tax is not a progressive tax・Many expenses are allowable. The corporate tax rate is set at 15% for the portion of income less than 8 million yen and 23.2% for the portion of income greater than 8 million yen. The tax rate is not progressive like that of sole proprietorships, but is fixed, which is a major feature of this tax system, making it highly tax-efficient. Source: National Tax Agency, "No. 5759 Tax Rates for Corporate Taxes."https://www.nta.go.jp/taxes/shiraberu/taxanswer/hojin/5759.htm Demerit 1: Establishment costs tend to be high The cost of establishing a joint stock company tends to be higher than that of a limited liability company, for example. The table below compares the costs incurred when establishing a joint stock company and a limited liability company. Cost itemCost at IncExpenses in a limited liability companyCertification fee for articles of incorporation30,000-50,000 yen(Depends on capital) *10 yenRegistration and license taxThe higher of the following two・150,000 yen・Amount of capital x 0.7 *2The higher of the following two・60,000 yen・Amount of capital x 0.7 *2Fee for certified copy of articles of incorporation250 yen per page *10 yen *1 Source: e-Gov, "Notary Public Fee Order, Article 35." 　https://elaws.e-gov.go.jp/document?lawid=405CO0000000224*2 Source: National Tax Agency, "No. 7191 Tax Table for Registration and License Taxes."　https://www.nta.go.jp/taxes/shiraberu/taxanswer/inshi/7191.htm The revenue stamp for the articles of incorporation is 40,000 yen for both (0 yen for electronic articles of incorporation), but the registration and license tax can vary greatly in amount. Due to the above differences, incorporation of a joint stock company is more expensive. Demerit 2: Obligation to publish financial statements The obligation to publish financial statements is another disadvantage of a stock company.The financial figures must be published each fiscal year, and the balance sheet must be published in the Official Gazette and on the website. Basically, the publication is to be published in the Official Gazette, but there is a cost associated with the publication in the Official Gazette. Since the publication of financial statements must be done every year, the increased cost burden is a disadvantage. What is the process for establishing a joint stock company? The basic procedure for establishing a joint stock company is as follows. 1. Decide on a promoterThe promoter is the person who proceeds with the procedures to incorporate the company. There is no limit to the number of promoters, so more than one person can be a promoter. 2. Decide on the basicsDetermine basic matters such as company name (trade name), location of head office, composition of directors, business activities, and purpose of the company. 3. Prepare Articles of IncorporationPrepare the Articles of Incorporation, which is called the "constitution of the company. Be sure to clearly state "absolute matters to be stated" such as the purpose and trade name. 4. Certify Articles of IncorporationThe Articles of Incorporation will be authenticated to ensure that there are no problems with the information contained in the Articles of Incorporation. Certification can be obtained at any notary public office in Japan. 5. Paying in capitalThe promoter pays the amount corresponding to the number of shares subscribed to the financial institution. When making the payment, it is essential to have a "notary public" issued. 6. Apply for registrationThe application for registration should be filed at the Legal Affairs Bureau or other office that has jurisdiction over the location of the head office. In principle, the date of application for registration is the date of incorporation. Two points to keep in mind when establishing a joint stock company When establishing a joint stock company, keep the following two points in mind. ・Be aware of "legality," "profitability," and "specificity" of business objectives.It is essential to determine the business purpose of the company with three points in mind: legality, profitability, and concreteness. The following points should be taken into consideration when deciding on a business purpose. LegalityWhether the law has been violatedCommercialityWhether it can generate profitConcretenessWhether the content is easy for anyone to understand ・Do not name your company similar to other companiesIf you name your company similarly to an already existing company, for example, searchers may not be able to find your company immediately when they search for your name in a search engine.Try to name the company name that is not yet in use so that it can be easily seen by more people. Summary In this article, we have explained the outline of a stock company, the advantages and disadvantages of its establishment, the flow of its establishment, and points to keep in mind. Unlike a limited liability company, a shareholder company is characterized by the fact that shareholders have an influence on the management of the company. While there are advantages such as a high level of social credibility, there are also disadvantages such as the need to publish annual financial statements, so if you are considering starting a business, make sure you have a clear understanding of the advantages and disadvantages. If you want to set up an office when you start your business, consider the Tensho Office, a serviced office in Tokyo. There are many advantages for entrepreneurs, such as low initial and running costs.

What do you need to set up an office as a business owner? In addition to a desk and office equipment, an office must have appliances. In this article, we will introduce 24 choices of furniture, appliances, stationery, and other items needed for an office. If you are planning to open an office or want to open one in the future, please refer to this article. Office furniture First, let's look at some essential office furniture. Desk Provide enough desks for the number of staff working. Adding more desks later may require a change in layout, which can be time-consuming. It is wise to prepare desks in consideration of future plans to increase the number of staff. Some staff members may be away from the office during the day for outings or other reasons, and some may work remotely. In such cases, it is recommended to use a "free-address office" where each staff member can use any available seat, rather than having a specific seat for each person. Free-address offices are expected to reduce both space and equipment costs, and there is a great potential for increased communication among staff members. Wagons and side desks Depending on the type of industry and the nature of the work, if there are many materials to be managed by each person, a wagon or side desk is needed in addition to a desk. Chair Chairs for use at a desk should be purchased to match the desk, including height. It is wise to avoid chairs with ill-fitting heights, as they can have a negative impact on work accuracy and productivity. Table If the nature of the work is such that there are meetings both inside and outside the company, a table will be provided. It should also be usable for lunch and breaks. Filing cabinet If the nature of the business is such that a paperless system is possible, it is unnecessary. However, depending on the type of business, there will be many situations in which paper documents and materials are necessary. Please make your decision based on the nature of your business. Cabinet Racks Wagons, side tables, and shelves for organizing materials may be sufficient. If necessary, purchase a cabinet/rack with glass sliding doors or a type that can be locked, after careful consideration of the intended use. Locker Lockers for individual staff members are essential, especially in a free-address office. If the lockers are large enough to hold coats and other items, the office will look much nicer. Other Interiors Blinds and curtainsBlinds and curtains are not only necessary for interior decoration, but depending on the material, they may increase heating and cooling efficiency and save on electricity costs. Depending on the location of the office, they may also be necessary to avoid visibility from the outside.GreenHouseplants bring healing. Consider faux greenery if you want to avoid plant care or are concerned about insect infestations caused by plants. Many of the recent faux greens are well-made and require no maintenance to create a healing space. In addition, photocatalytic types can be expected to eliminate bacteria and deodorize the air, making them ideal for the future. Office Appliances Next, we will discuss the appliances needed in the office. Appliances can range widely in price depending on features and manufacturer. Select the features you need and do not need for your office to avoid inconvenience later on. Microwave oven A microwave oven is necessary to heat up homemade lunch boxes or convenience store lunches bought on the way to work. Bottled tea and other beverages can also be heated and drunk by transferring them to microwavable dishes. Unless you have a special job related to food or cooking, the functions used in the office are limited and neither multiple functions nor a large size is necessary. An inexpensive one with only a warming function is sufficient. Electric kettle An electric kettle is also needed for making coffee/tea and making cup noodles for lunch. You may also serve tea to guests. Some kettles have a temperature setting function and a warming function, but for off-site use, just a boiling function is fine. If you have an office where tea may be served, check to see if it can boil the necessary amount of water at once. Refrigerator Consider the capacity for beverages as well as lunch boxes. Freezer space may not seem necessary at first glance, but it is for offices that receive ice cream in the summer. Some may even microwave frozen foods for lunch. Coffee maker If you drink coffee several times a day, you should have a coffee maker. Enjoying your favorite regular coffee will improve your concentration. It is also recommended to use a service that allows you to rent a machine for free. There are a wide variety of machines available, ranging from casual machines that use instant coffee to full-fledged machines. If drip-pack coffee, which is readily available at drugstores and convenience stores, is sufficient for your needs, there is no need to purchase a coffee maker. Air cleaner Many people's concept of hygiene has also changed after experiencing coronas. Many people feel safer working with air purifiers that control viruses, bacteria, and other airborne toxins. Air purifiers use filters to clean the air, so they require regular filter changes and routine maintenance. Check well in advance whether it can handle the task before you buy it. Water server With a water server, you can drink mineral water at any time in the office without having to go out of your way to buy water. It is also helpful to have heavy water delivered. If you have a water server that also produces hot water, you may not need an electric kettle. Some servers have a function to reheat the hot water in the server, which is recommended for those who don't want to add too much stuff. OA equipment OA equipment is essential for any type of business, but some types of equipment may not be necessary depending on the type and type of business, so be sure to set them up so they are not wasted. Personal computer Although tablets have evolved in recent years, PCs are still easier to use for creating documents, analyzing data, and managing data. PC management is also recommended for exchanging messages with business partners. The required specifications depend on the type of industry and the nature of the business. Select a computer with specifications that are not inadequate and not too much. Telephone instrument While some may believe that a landline phone is unnecessary, there are still some situations where a landline phone number is required for social credit. When applying for a loan to a financial institution or creating a corporate credit card, you will often be asked to provide a landline number when applying. A landline phone may be a check item for system maintenance, and if the above situation is anticipated in the future, a landline phone number should be obtained. A landline phone number is also necessary for business types that actively seek new customers. It will be more credible than having only a cell phone number on the company's website or in various advertisements. Copy machine It is convenient to have a copier, but if you use it infrequently, it is acceptable to use a copier at a convenience store. If you purchase a copier, you can only write off the depreciation, but if you lease a copier, you can write off the entire cost of the copier. If you want to install a copier in your office, use a leasing company. A multifunction copier that also functions as a printer and fax machine can be installed in a small space. Printer Printers require different specifications depending on the type of industry and nature of business. If the business type is paperless, there is no need for a printer. FAX This is necessary if your business partners use fax machines. Internet faxes, which can be received as data, can be used just like e-mail, and are convenient for communicating with remote workers, leading to cost savings. You can also rest assured that there are no transmission errors or receiving mistakes. Shredder If you have a lot of paper materials and want to manage information well, you need a shredder. Prices vary depending on processing capacity, so when purchasing a shredder, check how much you will use the shredder. Some shredders can be purchased at home centers. Other The above is a list of furniture, home appliances, and office equipment required for an office. Some items may not be necessary depending on the nature of your business, while others require high-spec functions, and should be considered and introduced with your future business plans in mind. Also, do not forget the items listed below. Seal Although seals are not needed in an increasing number of situations, they may still be required for contracts and other documents. If a personal seal is required, a personal seal in the name of an individual is fine for a sole proprietorship. However, depending on the type of business, it is an item related to the level of trust, and you should carefully judge and consider a seal for business use. If your business partner can support you, an electronic seal system that allows you to affix your seal to data created on a computer is also convenient. Stationery Writing materials, scissors, stapler, glue, etc. should be prepared at a minimum. If you often send documents by mail, you should also have envelopes and stamps on hand. Business card An indispensable item in the Japanese business world, a business card with contact and other information clearly indicated is a reassuring factor when meeting someone for the first time. There is no need to give future contact information separately, such as a cell phone number or e-mail address. Internet communication environment Any type of business requires an Internet communication environment. Since the required specifications vary depending on the nature of the business, check what level of speed is necessary and create a communication environment that does not interfere with the business. The items introduced so far are summarized in the table below. Please use it as a checklist. ItemRemarksOffice furniture1DeskFree address is also recommendedOffice furniture2Wagons and side desksDepends on the amount of paperOffice furniture3ChairNumber of staff + visitorsOffice furniture4TableFor meetings and food and beverageOffice furniture5Filing cabinetDepends on the amount of paperOffice furniture6Cabinet RacksDepends on the amount of paperOffice furniture7LockerIt would be nice to be able to tuck away coats, etc.Office furniture8Other InteriorsCurtains, blinds, greenery, etc.Office furniture9Microwave ovenNo problem with warming function only.Office furniture10Electric kettleTemperature setting and heat retention functions are necessary.Office furniture11RefrigeratorManage meals, drinks, and snacksOffice furniture12Coffee makerFree machine rental or drip packs are acceptable.Office furniture13Air cleanerCheck the complexity of care.Office furniture14Water serverIn some cases, an electric kettle may not be necessary if the hot water function is available.Office furniture15Personal computerRequired specifications depend on the nature of the work.Office furniture16Telephone instrumentItems related to creditworthinessOffice furniture17Copy machineUse convenience stores if used infrequently.Office furniture18PrinterLease a multifunction printer if needed.Office furniture19FAXLease a multifunction printer if needed.Office furniture20ShredderNecessary to prevent information leakage when there are many paper documents.Office furniture21SealIf you are a sole proprietor, you can use your personal seal.Office furniture22StationeryHave the minimum necessary items for the business.Office furniture23Business cardA must for businesses that meet directly with suppliers.Office furniture24Internet communication environmentConsider contract speed based on data usage. The serviced office has all the supplies/facilities you need right from the start! When starting a business in a regular serviced office, you will have to provide all the necessary furniture, appliances, and equipment on your own. This can be quite costly and time consuming, and can be a burden when you are just starting out. By renting an office, you can save money and spend your limited time focusing on your core business. About Tensho Office Facilities and Services Tensho Office provides facilities and services for a variety of businesses and is flexible to suit the user's situation. Free facilities and services at Tensho Office Self-lockingThe entrance is auto-locked with 24-hour access.Dedicated PostIt is provided for each user.Home delivery boxYou can receive packages while you are away.Private rooms and boothsThere are fully private rooms and booths depending on the room.Individual air conditioningIt creates a comfortable environment.Conference roomOnline reservations are available.free space (on a computer, printer, etc.)Sudden visitors are also acceptable.Corporate registrationYou can register at the location of your choice.Office furnitureNo additional charge for increase or decrease of desks and chairs. Charged facilities and services at Tensho Office For a fee, the following services are also available. Color copying machineOutput is available in each room as a computer printer. 11 yen per page for monochrome and 44 yen per page for color.Mail ForwardingPlease contact us for details. Details of the facilities and services introduced can be found here↓. Facilities and Services Summary Renting an office and opening a business requires as many as 24 items, including office equipment. It is expensive, time consuming, and can be exhausting at the start. With a serviced office, in many cases, the equipment and furnishings necessary for business are provided from the start. At Tensho Office, not only desks and chairs, but also meeting rooms and dedicated mailboxes are available at no extra charge. If you want to concentrate on your business, why not consider using a serviced office?

Along with the establishment of new lifestyles, we are also entering a period of change in the way we think about working, including the promotion of remote work. Many people may take this opportunity to consider starting a business. The term "entrepreneurship" can be categorized in various ways depending on one's point of view. In this article, we will explain the differences between typical types of entrepreneurship, focusing on "entrepreneurial style, location of startup, type of business and business category, and financing. If you are interested in starting a business, please use this article as a reference in preparing for starting your own business. Sole proprietorship or corporation? Entrepreneurship can be broadly classified into two categories: starting activities as a sole proprietor or establishing a company as a corporation. Advantages and disadvantages of sole proprietorship Sole proprietorships have a simple opening procedure, do not require much initial cost, and can be started immediately. In most cases, there are significant tax advantages up to a certain level of income. The disadvantages are that the degree of social trust is lower than that of a corporation, and there are limitations on the scope of expenses that can be covered. The higher the profit, the higher the income tax rate. Advantages and disadvantages of the corporation Corporations have a high degree of social trust, a wide range of expenses, and relative flexibility. If income exceeds a certain level, tax savings can be significant. However, there are many procedures to start a business, such as registration, which are costly and time-consuming. Accounting and personnel management are also more complicated than for a sole proprietorship. An alternative is to start as a sole proprietorship and incorporate as soon as you are sure that you can continue your business. There is an option for company employees to start their own business on the side In this era of diversity acceptance, corporate values regarding employees' side hustles are undergoing a period of change, and an increasing number of companies are allowing employees to work side hustles while still employed by the organization. However, regulations concerning side jobs vary from company to company. Check employment regulations carefully, and if there are any unclear points, ask the company to clarify them to avoid any problems. Where to start a business There are many different options for where to start a business, and you have the freedom to choose. Understand the advantages and disadvantages of each location and choose the perfect location for your start-up business. Home-based entrepreneurship recommended for sole proprietors If you are a sole proprietor, we recommend using your home as your office. The initial cost is low, and it is easy to balance work with housework, childcare, and nursing care. However, it is important to note that it is difficult to distinguish between work and private life, which can lead to stress. Recommended serviced office for startups In general, a leased office space is contracted with the owner and monthly rent is paid for the use of a single space. In addition, users must provide their own office furniture and equipment, such as desks and copy machines, so the initial cost is quite high. In contrast, in a rental office, the user contracts for a section of space. The contracted space is your own, and you can use it just as you would a regular office. Most serviced offices are furnished with office furniture. It is not uncommon to find offices with shared meeting rooms, lounges, copy machines, etc. For more information on serviced offices, please see the following article. Why is renting an office recommended for startup companies? Easy to start a business in a rural area With remote work becoming more popular and online meetings and online customer service becoming more common, the disadvantages of starting a business in a rural area are on the decline. Depending on the nature and scale of the business, it is easy to start a business in a rural area and expect to reduce fixed costs through significant savings in rent and other expenses. Even those who find it difficult to continue working due to childcare or nursing care may be able to balance work and family life by starting a business in a rural area or from home. Type of business or type of business to be started No matter what type of business or industry you choose, it is important that you meet the following conditions for profitability. Profitable conditions ・Market needsWhether there are stable needs over the long term, including current visible needs as well as latent needs. ・Profit MarginProfit margin is the ratio of profit to sales or selling price, and a high profit margin is the key to business success.The profit margin is calculated by the following formula. Profit Margin (%) = Net Profit / Sales x 100 Net profit = Sales - Cost of sales - Expenses A common trend is that businesses with high profit margins have low costs and expenses. ・Initial CostA business style with a low initial investment can generate profits early and lead to a successful business. For example, a business with an initial cost of 5 million yen at the time of start-up would take 5 years to complete repayment if the annual repayment to financial institutions is 1 million yen. In this regard, a business with an initial investment of 0 yen can leave a profit from the first year. ・Availability of InventoryBusinesses that require inventory have a high initial cost for purchasing and are at risk of losing inventory due to changes in market needs or other reasons. Businesses that require as little inventory as possible are more likely to be safe. ・Availability of storesTo increase profit margins, fixed costs must be reduced. The largest fixed cost tends to be storefront expenses. In many cases, if a business is possible without a store, the business will be able to continue even if sales drop sharply due to unforeseen circumstances, such as changes in market conditions or natural disasters. Profitable industries and business types ・Online SchoolCourses and lessons conducted remotely via the Internet are a hot business category as demand for nest eggs grows. The appeal of this type of business is that it allows students to start their own businesses by utilizing their hobbies and areas of expertise. Unlike face-to-face classes, online schools have the potential to attract students from all over the world. ・ConsultingConsulting is a business that provides research, analysis, and advice on the business conditions and operations of companies and other entities. ・Online StoreYou can start a business without a store and without incurring fixed monthly expenses such as rent, utilities, and labor costs. Online customer service is also possible with the use of tools. For more information on the types of businesses and conditions that make it easy to start a successful business, please see the following article. What are the characteristics of the industries in which it is easy to start a business and succeed?Recommended industries and their advantages and disadvantages Type of financing In addition to self-financing, the following financing methods may be used to finance a start-up. Borrowing and financing from financial institutions Since there is no track record, lenders can only make decisions based on projections. The key to receiving a loan is a compelling business description and a clear plan for using and repaying funds. Prepare a business plan after preparing personal funds and consult with financial institutions. Public subsidies and grants Subsidies and grants provided by the national government and local governments, which are financed by public funds, are also available under certain conditions. While loans from financial institutions must be repaid, grants and subsidies are not repaid in principle, reducing the burden of starting a business. In many cases, grants can be provided as long as the requirements are met. On the other hand, subsidies have a budget and a cap on the number of grants, and grants are determined by lottery. Venture capital investment Venture capital firms invest in unlisted companies with high growth potential. Venture capital firms make a profit from the sale of shares and businesses of the companies in which they invest. Although it is possible to raise funds without collateral, it is necessary to follow the management policies of the venture capital firm, and the burden on the recipient of the investment, such as preparing for listing, can be significant. Summary Entrepreneurial styles are broadly classified into sole proprietorships and corporations, and some companies allow side businesses while still being enrolled in the company. As lifestyles change, it is becoming easier to start a business in rural areas. For office space, we recommend starting a business from home with low initial costs or renting an office with low fixed costs. When starting a business, examine the conditions and types of businesses that are likely to be profitable, and plan to raise funds other than your own. As long as you are prepared and plan accordingly, it is not difficult to start a successful business. We encourage you to give it a try.

Some people may be hesitant to embark on entrepreneurship because of the fear that they may fail. In this article, we will explain how to start a solid business in five steps and give you pointers on how to avoid failure. If you are interested in starting a business but do not want to fail, please read on. Step 1: Determine the business model The first important item to consider is what type of business model you will use to start your business. Consider whether you will be selling your own services or outsourcing, whether you will be selling off-sale or recurring billing, whether you will be online or offline, ……, and so on. Whatever your business model, it is important to keep the following five points in mind. Market needs If there is no demand in the market, there is no business. In addition to the needs that already exist, it is also important to pay attention to hidden needs and needs that can be uncovered. In addition, as a start-up business, it is important to take a long-term perspective and manage risk. Think carefully about whether there are needs that can withstand future changes in society and whether those needs will not diminish in the event of natural disasters or other situations that are difficult to defend against. Profit ratio We identify the expected income and expenses and estimate how much profit margin is needed to secure income and make the business viable. The profit margin is the ratio of profit to sales or sales price, and is calculated by the following formula.●Profit margin (%) = Net profit/sales x 100●Net profit = Sales - Cost of sales - Expenses Depending on the profit margin, the time when profit begins to be generated will differ. Even if sales can be secured, if the profit margin is low and profits cannot be secured, the business will not continue. Think carefully, assuming all possible cases. Initial cost Apart from the fixed monthly costs required to run the business, this is the cost of starting the business. Consider this in light of the amount of funding available. Initial costs vary widely depending on the business model, and choosing a business with a low initial investment should make it easier to turn a profit early on. Stock availability Businesses that require inventory have high initial costs because they must purchase products before they can sell them. Some products require warehousing, and especially in urban centers, warehousing costs tend to put pressure on profits. If the products do not match the changing market needs or sales forecasts are not met, the business may end up with a stockpile of inventory, which can lead to losses. Availability of stores While having a physical store has the advantage of allowing you to communicate directly with consumers and have them see your products in person, you will incur monthly rent, utilities, and labor costs in addition to the initial cost of renting the store. However, in addition to the initial cost of renting a store, there are also monthly expenses for rent, utilities, and labor. We recommend planning a realistic business model that fits your "new lifestyle. For more information on business models, please refer to the following article. What are the characteristics of the industries in which it is easy to start a business and succeed?Recommended industries and their advantages and disadvantages Step 2 Various notifications and procedures The procedures for starting a business differ depending on whether the startup is as a "sole proprietorship" or as a "corporation. Starting a sole proprietorship If you are starting a business as a sole proprietor, you only need to notify the tax office of the opening of your sole proprietorship. The notification forms can be downloaded from the IRS website or obtained at the tax office. It is recommended that the notification of business opening be submitted within one month of the start of business. There is no obligation to submit the form, but it is required for those who plan to file a blue return instead of a white return. Blue tax returns are more advantageous in terms of deductions and expenses. If you are starting a business, you should be aware of the advantages and disadvantages of both blue and white tax returns. To apply for a blue return, submit an "Application for Approval of Blue Return" to the competent district director of the tax office where the tax is paid by March 15 of the current year. For new businesses opening on or after January 16 of the same year, an "Application for Approval of Blue Return" must be submitted to the competent district director of the tax office where the tax payment is made within two months from the date of commencement of business.Reference:National Tax Agency (Japan) Corporate start-up When establishing a company as a corporation, procedures such as preparation of articles of incorporation and corporate registration are required. Although it costs a certain amount of money and time, it is advantageous in terms of social credibility, financing, and securing human resources, and the scope of expenses is wider. Another option is to start a business as a sole proprietorship first, and then incorporate when the time is right. We recommend that you carefully consider your planned business model and decide whether to start as a sole proprietorship or a corporation, comparing the advantages and disadvantages of both. Step 3: Prepare your office Consider where you will start your business and work. There are a variety of options, including serviced offices, shared offices, and home offices, and each business model may or may not be suitable for your business. At the start, we recommend renting or sharing offices, which are easier to keep fixed costs such as initial expenses and maintenance costs down than renting offices. The advantages and disadvantages of each type of office are explained below. Office for rent It is attractive because of its high social credibility and large degree of freedom, but the initial cost is high and equipment and facilities are expensive. Serviced offices Office space is rented on a portion of the floor, and in most cases, office furniture is provided. Facilities such as shared meeting rooms, lounges, and copy machines are also available. Security and information management must be taken into consideration, and may become more expensive as the number of users increases. Shared Office These offices use open space and offer free-address or fixed seating. Since it is an open space, security and information management measures will often be required. Also, because network communication is shared, there may be cases where communication speeds are slow. Home and Office While it is easier to keep costs down and balance work with housework and childcare, it may also be difficult to get the most out of your work. For more information about offices, please see the following articles How to choose an office when starting a business【Comparison of 5 typical types】 Why is renting an office recommended for startup companies? Step 4 Fundraising Possible financing methods for starting a business include self-financing, financial institution loans, and public grants and subsidies. Crowdfunding and venture capital are also available, but are not realistic for many. If you have limited access to funding and cannot raise the ideal initial capital, don't take chances. Be aware that you should choose a business model that requires less initial investment, or devise ways to keep initial costs low, so that you do not suffer from cash flow difficulties after the start of your business. Step 5: Determine how to attract customers The success of a business depends on attracting customers. Even if you have built an ideal business model and prepared excellent products, if you do not attract people, sales will not occur and you will not make a profit. There are a variety of ways to attract customers, including Web advertising, search engine optimization (SEO), flyers, direct mail, and referrals. What is important is the choice of method to reach the target audience and the expressions used to convey the message to the target audience. If you want to attract customers on the Internet, Google ads and Facebook ads are relatively easy to use and have a good track record, so even those unfamiliar with online advertising should be able to submit ads on their own. In particular, the development of Google's AI is remarkable, and with the Smart Assist Campaign function, AI can automatically optimize ad performance without advanced knowledge or technology. This is especially recommended for beginners. Summary There are five major points to avoid entrepreneurial failure and to succeed. Business ModelsOpening proceduresOfficeCapitalAttracting customers In your business model, carefully consider "market needs, profit margins, initial costs, inventory, and stores" and make a reasonable plan. For office space, which greatly affects initial and fixed costs, it is recommended to consider renting an office depending on the nature of the business. It is also important to make sure that your financial plan is reasonable. In addition, use methods and expressions that reach your target audience to attract customers and secure sales and profits.

In recent years, more and more people in Japan have become interested in starting their own businesses due to government-led reforms in the way they work and the Corona disaster. If you actually want to start a business, you may be very concerned about whether your business is in an industry where it is easy to succeed. In this issue, we will introduce the five conditions for an industry in which entrepreneurship is likely to be successful, and then explain in detail the characteristics, advantages, and disadvantages of the recommended industries. 5 conditions that make it easy to start a successful business and 5 conditions that make it easy to start a successful business. As you begin preparing to start your own business, it is important to first ask yourself, "Can I expect future success in my type of business?" It is important to consider the following. Industries that can succeed through stable operations after starting a new business have the following characteristics. There is a market need For a start-up business to succeed, it is important that it be in an industry with high market needs. However, in recent years, the economic situation in Japan has been sluggish due to the Corona disaster and other factors, and the market environment is prone to significant changes. Therefore, when starting a new business, it is important to pay attention to potential needs as well as visible market needs, and to be in an industry that can reflect long-term demand. High profit margin A high profit margin is another key factor common to the majority of successful businesses. The profit margin is the ratio of profit to sales or selling price and is calculated by the following formula Profit Margin (%) = Net Profit / Sales x 100　(*Net profit = Sales - Cost of Sales - Expenses) As can be seen from this formula, a business with a high profit margin is characterized by a low cost of materials and other costs and expenses used in business activities. Low initial investment To make your business succeed as quickly as possible, it is also important to choose an industry or business with a low initial investment. For example, if you start a business that costs 5 million yen to start, even if you pay 1 million yen per year to financial institutions, it will take 5 years to pay off the loan. On the other hand, a business with an initial investment of zero yen would be able to keep its profits from the first year. No (or little) inventory required Inventory businesses have the disadvantage of requiring a large initial investment before starting up because they must first purchase the product and then sell it. In addition, if market needs change or purchasing expectations are not met, the large amount of remaining inventory will be lost. Considering these risks, it is recommended to start a business in a type of business that requires as little inventory as possible. Can be operated without a store To increase profit margins, it is also important to be in an industry with low fixed costs. In this regard, we would like to focus on the costs of stores and offices, which tend to account for a large proportion of fixed costs. For example, if a business can operate from home without a store, it will be easier to continue business in the same environment even if there are periods of zero sales due to changes in the market environment. Also, if you are in a type of business that allows you to operate without a store, you may be able to take a work vacation while continuing your business. Characteristics, advantages and disadvantages of recommended industries In order to efficiently run a successful business in this day and age, it is recommended that you start a business in the following industries that can meet all of the five conditions mentioned above. Consulting The consulting business is a job in which one utilizes one's expertise and experience to research, analyze, and provide advice on the business conditions and operations of companies and other organizations as well. A person who can perform these roles is called a consultant. There are various types of consultants, including. Management ConsultantIT ConsultantWeb Customer Attraction ConsultantLabor ConsultantHuman Resources ConsultantPersonal ConsultantEvent consultants, etc There are no qualifications required for consulting. Therefore, anyone with the expertise to provide advice and proposals to business owners and others can start a business immediately. In addition, by utilizing tools such as Zoom, it is possible to make proposals to clients nationwide online. However, in order to differentiate yourself from the many consulting firms to which many consultants belong, you will need to make various efforts, such as actively advertising your services through social networking sites and blogs, and offering free initial consulting services. Web Production A simple example of web production is the creation of content to be placed on a website or web site. The following types of jobs will allow you to start a business in this category. Web ProducerWeb DirectorWeb Content EditorWeb WriterWeb DesignerWeb coder Those who have gained various experiences in web production can start their own business by themselves in a style where they are involved in the entire process of website production, from planning and proposal to design and development. In this industry, it is also possible to start your own business as a specialist in a specific field, such as a web designer or web writer. The advantage of starting a business in web production is that you can work anywhere with a single computer. On the other hand, the disadvantage is that without a proven track record, skills, and recognition, the unit price and compensation may be lower than when you were a company employee. Web site management Website management is a business that generates revenue through the use of self-built websites and blogs. Typical examples are affiliate marketing and product sales (online stores). The greatest advantage of website management is that you can start preparing to start a business as soon as you have a single computer. For example, you can set up a professional website while gathering information on the Internet while working at a company, and then start your own business after you are able to generate a certain amount of revenue. On the other hand, website management has the potential for a sudden drop in earnings if the site ceases to be updated or loses its reputation from Google. Therefore, it is necessary to consider content in accordance with Google's guidelines and persistently keep on track and update the site. Programming Programming is the task of writing instructions for a computer to do in software and system development. People involved in this work are called programmers. When a person starts a business as a programmer, he or she usually works on contract for projects from major companies. In some cases, they may also work in an on-site office with a development team. The biggest attraction of starting a business in programming is that if you are a programmer working with a language that is in high demand, you can expect to earn an annual income of 10 million yen or more. However, to earn such a high income, you will need to improve your skills in popular languages and connect with companies that handle high unit-price projects. Online school Online school is a general term for courses and lessons conducted remotely using a computer and an Internet connection. In recent years, with the growing demand for nest eggs due to the Corona disaster, many people are starting online schools in the following categories English ConversationProgrammingFitness (yoga, muscle training, etc.)TutoringMusic (piano, voice training, etc.)Painting, etc The greatest appeal of online schools is that they allow students to start their own businesses in the areas they like and are good at. In addition, online has the appeal of connecting with a wider range of customers than face-to-face classes because you can open courses to students across the country. However, online schools tend to have a harder time keeping students motivated than face-to-face classes. Therefore, in order to succeed in starting an online school business, it will be necessary to devise ways to avoid one-way lessons from the instructor and to create a system to attract more customers. Summary To be successful in starting a business, it is important to prepare for independence in an industry that meets the following five criteria. There is a market needHigh profit marginsLow initial investmentNo (or little) inventory requiredCan be operated without a store If you are looking for a cheap office to start a business for less, Tensho Office is also a great place to start. All of our office buildings are located in prime locations in central Tokyo. If you are interested in starting a business at Tensho Office, you can register your business in a location that combines status and convenience.

This article introduces the features and advantages of address use and corporate registration services offered at serviced offices and coworking spaces. In the latter half of the article, we will also explain whether it is possible to use an address and corporate registration at a shared office. If you are considering registering an office or location where you will work when starting a business, please take a look at this article. Difference between Address Use and Corporate Registration Address usage and corporate registration are services offered by serviced offices and coworking spaces. There are some differences between them as follows. What is Address Use? Address usage is a generic term for address rental services, whereby an address, such as a serviced office, is made available for use in the following places. Users' business cardsFlyersBrochuresPromotional materialsWeb sites, etc. Address facilities also receive, store, and forward mail, courier services, and other packages addressed to users. What is Corporate Registration? First of all, legal entity registration is a system to have the outline of the company to be established officially recognized as a corporation. When a corporation is registered, a certificate of registered matters is issued by the Legal Affairs Bureau. This certificate is proof that the corporation has been officially registered, which increases the company's external credibility and makes it easier to obtain loans from banks and other financial institutions. On the other hand, corporate registration at a serviced office is a service that allows users to use the address of the facility as the location of the head office when registering their own company as a corporation. Advantages of Address Use First, the following three advantages in address use are presented. Lower initial start-up costs One of the biggest advantages of using an address is that it can significantly reduce the initial cost of starting a business. Shared offices and serviced offices are available at considerably lower rates than when business owners rent their own office space. The facilities are also equipped with chairs, desks, Wi-Fi, and other amenities and features that make them easy to use when starting a business quickly at a lower initial cost. No need to disclose home address For example, if you work from a home office that doubles as your home office, you may not want to disclose your home address as much as possible due to privacy concerns. In such cases, using a shared or serviced office address will make it easier for those who normally work from home to distinguish between their public and private lives. Easier to go on business trips, etc When a business owner works alone, without hiring an office staff, etc., he/she must receive mail and courier services. This makes it difficult to coordinate appointments with clients and travel schedules. On the other hand, if you use an address such as a serviced office, the facility will take care of receiving, storing, and forwarding mail and courier services. Advantages of Corporate Registration The advantage of corporate registration services is that a prestigious address, such as in a business district or in front of a terminal station where top companies gather, can be used for registration at a low cost. In this day and age, anyone can use applications such as Google Maps to find out the building where the location is located. Therefore, in order to make a good impression on customers to whom you hand out your business cards or brochures, it is recommended that you register your company using an address in a well-known business district where many famous companies are concentrated. Can I use an address or register a corporation in a shared office? Freelancers, sole proprietors, and start-up companies may consider using an address or corporate registration at a shared office where they can use free address or fixed seating. When using these services in a shared office, the following points should be noted. Corporate registration is not a legal issue First, it is not illegal to use an address or register a corporation in a shared office. However, shared offices tend to be less trustworthy, as many of them have free-address seating that can be used freely by a wide range of users. Therefore, when considering corporate registration in a shared office, it is advisable to compare and consider the following points. Awareness of shared office spaceLocation of the shared officeTrack record of corporate accounts opened by users, etc Some positions are not permitted in shared offices However, please note that the following occupations have specific office requirements for opening and operating a business. Employment agency businessTemporary staffing businessProfessional business (lawyers, judicial scriveners, tax accountants, labor and social security attorneys, etc.)Real estate businessDetective agencyConstructionUsed equipment sales, etc. For example, in the case of a staffing business, there are office requirements such as "must have an area of at least 20 square meters" or "must exist in an appropriate location for the operation of job placement". There is no clear statement in these regulations for each type of business that shared offices are not acceptable. However, in the case of a free-address shared office, even if you are able to register as a corporation, there is a possibility that you will not be approved to open a business due to a judgment such as "lack of office space" as in the case of a virtual office. Depending on the regulations of the shared office, this may not be possible The services offered by shared offices vary from business to business. Therefore, if there is no mention of address use or corporate registration in each facility's service description, it may be difficult to use the facility for such purposes. Also, detailed terms and conditions of use vary from facility to facility, so please be careful when signing a contract. For Tensho Office Tensho Office does not provide address rental service only. If you want to use an address in Tensho Office, you must actually sign a contract for a room. The address of the contracted office can also be used for corporate registration. Please note that all rooms at Tensho Office are private serviced offices. Therefore, many professionals such as judicial scriveners, tax accountants, and administrative scriveners, who have strict office requirements when they start their business, also use this office. In addition, all of Tensho Office's buildings are located in prime locations, making it highly recommended for those who choose to rent offices based on trust and credibility. Summary Address usage is the general term for address rental services offered by shared offices, serviced offices, and coworking spaces. This service allows you to use a prestigious address in a well-known business district or in front of a train station for business cards, envelopes, websites, etc. Corporate registration, on the other hand, is a service that allows you to use the address of the facility you have contracted with as the location of your head office when registering at the Legal Affairs Bureau. The following advantages can be expected when using the address use and corporate registration services at a prime location. Reduce initial start-up costs when starting a businessNo need to disclose your home addressEasier to go on business trips, etcIncreases your company's credibility In the case of shared or serviced offices, even if there are no legal problems in corporate registration, address use and corporate registration may not be possible due to the regulations of each facility. In the case of Tensho Office, you can rent out your address and register your company by signing a room contract. If you are looking for a location address that is highly credible to your clients, please contact Tensho Office.

To start a business, you cannot begin without a bank account. Considering the level of trust from customers and suppliers, as well as accounting operations, we would definitely like to open a corporate account. But, you may be wondering, "Is it possible to open a corporate bank account at a serviced office?" We will explain how to open a corporate account at a serviced office. In this article, we will introduce the difficulty level and convenience of opening a corporate account at each financial institution, as well as points to increase the success rate. Can I open a corporate account at a bank in a serviced office? To sum up, basically, it is possible to open a corporate account at a bank even in a serviced office. However, in recent years, financial institutions have become more strict in their screening process for opening bank accounts. In the past, bank accounts have been abused by virtual offices by groups such as bank transfer scammers, and the National Police Agency has asked financial institutions to tighten their screening procedures. However, the Police Department has required financial institutions to tighten their screening procedures. Nevertheless, since opening an account itself has become more difficult regardless of whether it is a serviced office or not, the final decision must be left to the discretion of each financial institution. Type of Financial Institution Depending on size and type of transaction, financial institutions are classified into the following three categories. City banks (megabanks)Regional banks and Shinkin banksInternet Banks The severity of the screening process is generally city banks > regional banks and shinkin banks > Internet banks. In this section, we will look at the difficulty of screening, convenience, advantages and disadvantages of each financial institution. City banks (megabanks) Having a corporate account at a city bank or a so-called megabank is a good way to impress clients, and its many ATMs and branches are highly convenient. In many cases, the screening criteria are not disclosed, but it is said that the screening process is the most difficult. Of course, just because it is a serviced office does not mean you will be rejected immediately. It is possible to open a corporate account if you prepare the proper documents. The disadvantage is that most transactions require a commission fee, which is high. If you are just starting out and your revenue is low, the fees may become a burden. Regional banks and shinkin banks Compared to city banks, regional banks and shinkin banks tend to be easier to qualify. Another advantage is that many banks are community-based and offer extensive support for small and medium-sized businesses. In some cases, they can even provide small loans, which can be a strong ally when you are just starting out. On the other hand, they have fewer ATMs and branches than city banks, making them somewhat less convenient. In addition, in some cases, it is difficult to open a corporate account at a shinkin bank without a specific introduction. Net banking Internet banks are the easiest financial institutions to screen among those listed here. Another attractive point is that the process can be completed on the Internet, without the need to visit a store. The advantage is the low fees. Because of the low fees for transfers and deposits and withdrawals, Internet banks are quite easy to use if you often make small transactions. They are also convenient because they are available 24 hours a day, 365 days a year. However, there is no contact point where you can get help in case of an emergency or if you want to consult with them directly. The drawback is that it may take a long time to resolve the issue since the consultation is done by phone or e-mail. Points to increase the success rate of opening a corporate account While an office serviced is not the only reason you will be screened out, if your business is not credible, you will not be approved. In this section, we will introduce some points to increase the success rate of opening a corporate account. Clarify the nature and purpose of the business In the following cases, it is likely that the screening process will fail because the actual status of what kind of company cannot be ascertained. Multiple business lines and miscellaneous genresBusiness objectives are vague and unclear First, it is essential to clarify the nature and purpose of the business and be able to briefly explain it to the financial institution's staff. At this point, it is important to be careful to provide an explanation that can be understood without any knowledge of the industry. The person in charge at the financial institution is a financial professional. They are not familiar with all industries, so if you use too many technical terms, they may not be able to understand your explanation. Try to provide explanations that can be easily understood by a layperson. Note the amount of capital The amount of capital should also be taken into consideration. A company can be established with as little as one yen in capital, but if you wish to open a corporate account, a too low amount of capital is not desirable. In some cases, the amount of capital is judged as the "operational capacity of the company" in the examination process. Therefore, if the amount of capital is too low, the company may be considered to lack the strength to operate the business. Generally, for a small company, the capital is considered to be about 1-3 million yen. Therefore, when opening a corporate account, it is better to have at least 1 million yen in capital to avoid being evaluated unfavorably in the examination. Choose a bank that is close to your serviced office Choose a financial institution that is close to your serviced office to open a corporate account. If the location of the serviced office and the address of the bank branch are far apart, not only will the application not be approved, but in some cases the application itself may not be approved. If there is no special reason, it is basically safe to choose the bank/branch nearest to the serviced office. If the bank is close to the serviced office, it is likely that the bank will know of the office's presence, which will be a source of reassurance. Note that when opening a corporate account at an online bank, there is no need to worry about the location of the bank, as there are no physical branches or contact points. Prepare a website During the screening process for opening a corporate account, the contents of the website or web site are often checked. Be sure to create a website for your company, as a company without a website may be judged to have low credibility. Checking the website will allow the screening staff to learn about the company's business and its actual status. It is worthwhile to create a website because it will lead to trust and security not only from financial institutions but also from customers. Prepare documents that prove the actual status of sales and transactions Be sure to also prepare documents that prove the actual status of your business and transactions. Specifically, these include contracts actually used in the business, and purchase orders, delivery slips, invoices, and receipts sent by suppliers. These documents will serve as evidence of the actual business operations. Since they also serve as the aforementioned "explanation of the nature of the business," it is not uncommon for some banks to ask you to submit them as additional documents. Be sure to have all of these documents in order so that you are prepared to be asked to submit them at any time. List of items required to open a corporate account There are many required documents and items to be prepared for opening a corporate account. To ensure a smooth screening process, please make sure to have as many as possible ready at the time of application. <List of items required to open an account> DocumentsSummaryCertified copy of company registration(Certificate of all historical matters)The original document must be within 3 months of issuance.Articles of IncorporationSubmit as required.Company bank sealCertificate of seal impression of representativeThe original document must be within 3 months of issuance.Representative's personal sealIdentification card of the representativedriver's license, passport, resident registration card, or My number card, one of the following Photo identification is required.Documents showing the company's business activitiesIf you have company brochures, product samples, orPrepare quotations and other documents if available.Invoices, contracts, receipts, delivery slips delivery slips, etc., are also useful documents to show the actual status of the company.Other MaterialsIf you have little track record and few documents to show your businessIf you do not have much information about your business, you may want to prepare a business plan, business partner information, or work history as supplemental materials.Supplementary materials such as business plans, business partner information, and resume as supplemental materials.Licenses and permits issued by government agenciesIf any, it will be submitted.Rental Office AgreementThe screening process will be smoother if you are prepared. The required documents are basically as shown in the table, but it is important to check in advance because the required documents also vary from bank to bank. Summary Basically, you will not be refused to open a corporate account simply because you are a serviced office. However, in recent years, financial institutions have tightened their screening procedures, making it more difficult to open a corporate account.Therefore, it is essential to clarify the nature of your business and the actual status of your company to enhance your credibility. The level of difficulty of screening will naturally vary depending on each financial institution. City banks (megabanks)Regional banks and Shinkin banksInternet Banks Each has different advantages, disadvantages, and convenience, so it is advisable to choose a financial institution according to the size of your business.

A start-up company that has just been established is still cash-strapped and has limited funds to spend on equipment. Also, depending on the size of the initial office space, the company may grow rapidly in a short period of time and quickly outgrow it. This is why we recommend renting an office. In this article, we will discuss the appeal of renting an office and how to choose one for startup companies wondering whether they should set up an office. What is a serviced office? In a typical office, the user signs a contract with the building owner, pays monthly rent, and uses a single space as a "serviced office. Users must provide their own office furniture and equipment, such as desks, chairs, and copy machines. A serviced office, on the other hand, is a contract for a single parcel of space that is offered to multiple users. The space is private and can be used in the same way as a standard office. However, most serviced offices are furnished with office furniture. They also have facilities and equipment such as shared meeting rooms, copy machines, and lounges. For more information about serviced offices, please see the following articles. Benefits of renting an office space (Serviced office in Japan) Why rent an office for your startup company? Serviced offices are especially recommended for start-up companies. There are five main reasons. Let's check each of them. Fixed costs can be reduced The most attractive aspect for start-up companies is the cost. In the case of a typical serviced office, a long-term contract is assumed. If the office size is large from the beginning, fixed costs such as rent will be high. Since the company may not necessarily grow smoothly, you may end up paying extra expenses for a while. Serviced offices are available for relatively short contract terms, allowing you to rent an office that is suited to your size. Some offices include utilities, internet, and other fees in the common-area fee, which can help startup companies reduce burdensome fixed costs. Office furniture and office equipment are available The initial cost of setting up a new office tends to be high, as in addition to the security deposit and key money, office furniture and office equipment must be provided. However, with a rental office, these facilities are already in place and do not need to be purchased. Relocation costs are also reduced because there is no need to move equipment out of the building. Good location Serviced offices are often well located. Nonetheless, the lower rent compared to a typical office is a major attraction. Not only does this reduce the burden on employees to get to and from work and help create a comfortable work environment, but the easy accessibility of the office will also reduce the amount of transportation expenses paid. In addition, a good office location can be expected to impress new clients and financial institutions. Can be registered as a corporation There are many serviced offices that offer corporate registration. Corporate registration is essential when setting up an office, as it greatly affects the credibility of your business partners. While corporate registration can be a cumbersome procedure, it is relatively easy to register in the case of serviced offices. However, some management companies do not allow registration, so be sure to check before signing a contract. For more information on corporate registration of serviced offices, please see the following article. Can I register a corporation at a serviced office address? What are the advantages and precautions? Optional services available Some serviced offices offer a variety of optional services. These services range from the use of meeting and reception rooms to telephone service, cafes, and more. Start-up companies often have a small number of employees and inadequate human resources. By making good use of the optional services offered by serviced offices, you can outsource your business operations and expect to increase your business efficiency. However, service content differs from one serviced office to another, so it is important to make sure that you have the optional services you need. For startups! How to choose a serviced office We have learned that serviced offices have many attractive points for start-up companies. So, what criteria should you use to choose an office to rent? In this section, we will explain what to check when choosing an office to rent. Initial and monthly fees First, let's still focus on the initial and monthly costs. A typical office requires an initial cost of six months to a year's worth of monthly rent for security deposit, key money, and deposit. In the case of serviced offices, the initial cost is usually one to two months' rent, so this alone can reduce the initial cost. However, we do not recommend simply looking at the amount. It is important to consider whether the initial and monthly costs are sufficiently low, taking into account the items discussed in the following sections. In addition to the size of the company, it is important to carefully determine whether the services available are commensurate with the cost. location (e.g. of industry) Location is a very important factor when choosing an office. For employees, accessibility is a key factor in their ability to do their jobs. An office with good access to the surrounding environment will help business run smoothly. The location of your office can also make a big difference in your company's impression with new clients and customers. If you want to enhance your company's credibility, you need to be particular about the location of your office. Availability of private rooms Serviced offices are basically private rooms that give the company its own space. However, it is also possible that the service is being offered in confusion with shared office space. In such a case, there may be cases where the office is called a "serviced office," but it is a free-address office with no private rooms. This is not always the case, so be sure to check the availability of private office space when signing an office lease. Availability of shared facilities such as meeting rooms Even if not always necessary, meeting rooms and other shared facilities are surprisingly important. Meetings are essential to conducting business. In some cases, you may even invite your business partners' representatives to a meeting. In such cases, it is important to have a meeting room that can be used in a relaxed atmosphere. In many cases, shared facilities such as meeting rooms are optional in serviced offices. If there are only a few rooms available, you may not be able to use them when you want to hold a meeting, so it is important to check the extent to which shared facilities are available. Ease of contracting Ease of contract is also a major factor for renting an office. Renting a standard office tends to be a bit more difficult than renting an office space because of the long-term contractual commitment and the need to go through a screening process. In addition, annual contracts also require procedures such as changing the registration of the office. Serviced offices have the advantage of being easier to contract. However, the terms and conditions of the contract differ from one office to the next, so in order to get the most out of your serviced office, you will need to pay attention to the ease of contracting. Summary A start-up company that has just opened for business wants to save as much money as possible until the business gets off the ground. Renting a standard office space can be expensive, requiring a high security deposit and key money, as well as a long-term contract. Renting an office space for rent reduces the initial cost of security deposits and key money, and the monthly rent is in line with the size of the space. The move-in and move-out procedures are smooth, making it ideal for start-up companies that may need to increase headcount due to rapid growth. If you are considering renting an office in Tokyo, please consider Tensho Office as an option. You can use the meeting rooms and internet free of charge, and there are no fixed costs such as utilities. With initial and fixed costs as low as possible, you will be able to spend your valuable funds on the development of your business. Low-priced Private Serviced Office in TOKYO is Tensho office

To start a business, you first need to set up the necessary environment for starting a business, which involves a variety of costs. How much does it cost to start a business? If you don't know the costs of starting a business in advance, your business plan could go awry. Here we will explain the initial costs of starting a business and how to reduce the initial costs. If you are planning to start a business, please refer to this page to reduce unnecessary expenses. Contractual costs of leasing office space The serviced office contract will incur the following costs. Basic cost Brokerage fee The maximum amount charged is one month's monthly rent, but some real estate agencies offer half or no brokerage fees. Security Deposit Approximately 6-12 months is the standard market rate. If nothing happens, you may be refunded when you move out. Key money Unlike a deposit or security deposit, it is not refundable. The standard market rate is one to two months of rent. Advance rent In properties where rent is paid in advance, the next month's rent is charged as the initial cost. If you rent from the middle of the month, the rent is often prorated on a daily basis, etc. Some properties offer the first month free of charge. The amount charged will vary depending on the type of office space used, but the following are the minimum initial costs for a 300,000 yen rent office lease. 【Approximate initial cost of leasing office space】　　Total…2,700,000 yen　　Advance rent…300,000 yen　　Brokerage fee…300,000 yen　　Deposit/Guarantee (6 months)…1,800,000 yen　　Key money (1 month)…300,000 yen Shared offices and serviced offices offer a lower initial cost than rented offices, as initial contracts can be signed for tens of thousands of yen to over 100,000 yen. With virtual offices, you can sign up for as little as 5,000 yen. Related Articles：How much does it cost to rent an office?Comparison with serviced offices and approximate market rates by area and size Advertising and promotion expenses Advertising and promotion expenses are necessary expenditures to make your company's services known. Business equipment Business card The market price is about 1,000 yen for 100 sheets. The more sheets ordered, the cheaper the price tends to be. Prices also vary depending on the type of design, paper material, and other factors. Creation of brochures It is a booklet that summarizes the company's services in an easy-to-understand manner, and is available in paper and electronic formats. If you outsource the entire process, including designing and directing the creation of the manuscript, the cost can be close to 1 million yen. If materials such as manuscripts and photographs can be prepared in-house, costs can be reduced. Web media for public relations Home Page Creation If you are outsourcing a full-fledged website of about 15 pages, expect to pay 500,000 yen or more. For companies that use templates to cut down on the man-hours required to create a website, it may be possible to create a website for as little as 100,000 yen. If you use a free website creation service and prepare the content in-house, the cost is zero, but it takes a lot of work. Domain Name Acquisition A domain is like an address on the Internet. The price varies depending on the type of domain, such as ".com", ".biz", ".co.jp", and so on. A cheap domain name costs a few hundred yen per year, while an expensive one costs several tens of thousands of yen. Server Management The server required to publish a website is generally a rental server (hosting server), unless the company is large in scale. Depending on the contracted plan (capacity), the monthly cost is about 1,000 to 2,000 yen. Advertising and Promotion Web Advertisement This is the cost of placing a Web ad, such as a listing ad, banner ad, or affiliate ad. Rates vary depending on the advertising format and medium. DM (direct mail) The shipping price of DM varies depending on the type, such as postcard type, sealed envelope type, catalog type, etc. Postcards and sealed letters can be sent for about 70-100 yen per piece, while catalogs cost about 400 yen per piece. Other costs range from TV commercials, billboards, and other advertising methods. Equipment-related expenses Procurement of equipment necessary to conduct business also incurs costs. Office Equipment DeskChairsLockersPartitionsBook shelves, etc. …… Office Equipment TelephoneFAX machinesPersonal computerPrintersCopy machines, etc. …… Office supplies SealsStationeryFilesPrinter ink, etc. …… The cost of equipment can vary greatly depending on the product you choose, such as new, used, or manufacturer. If you are using a shared office, serviced office, or virtual office, this will be a negligible cost. Accounting and tax-related expenses Money in and money out must be managed. The cost depends on how it is managed. In-house management Accounting software (5,000 yen to several tens of thousands of yen)Spreadsheet software (free of charge - about 35,000 yen)Ledgers, etc. …… Outsourcing Tax accountant fees (30,000 yen or more)Accountant's fees (over $12,000), etc. …… Company Incorporation Fees The cost of establishing a company differs between a joint stock company and a limited liability company. For a sole proprietorship, there is no special fee since all you need to do is to submit a business start-up notification. Corporation Capital stock 1 yen or more Legal fee Electronic Articles of Incorporation50,000 yen fee for certification of articles of incorporation300 yen or more for a certified copy of the articles of incorporationRegistration and license tax 150,000 yen*Total of about 200,000 yen Paper Articles of Incorporation50,000 yen for certification of articles of incorporation40,000 yen for revenue stamps2,000 yen for a certified copy of the articles of incorporation150,000 yen for registration and license tax*Total: about 240,000 yen Other Expenses Electronic Articles of IncorporationCost of creating an official company sealCost of a certificate of seal impression, etc. …… Limited company Capital stock 1 yen or more Legal fee Electronic Articles of IncorporationElectronic Articles of Incorporation Total 60,000 yen (registration and license tax only) Paper Articles of IncorporationRegistration and license tax 60,000 yenRevenue stamp fee 40,000 yen*Total 100,000 yen Other ExpensesFees for preparing a personal sealElectronic Articles of IncorporationCost of seal certificate, etc. …… Sole proprietor Notification of opening of business only (no special fees required) How can I reduce the initial cost of starting a business? Because of the possibility of unplanned expenses when starting a business, it is a good idea to keep initial costs down. Ideas for controlling initial expenses include. Reduction of fixed costs In the early stages of starting a business, office rent is the fixed cost that should be reduced the most. Instead of renting a regular office with high initial and maintenance costs, it is better to choose a serviced office, a shared office, or a home-based business that is less expensive. In the case of rental or shared office space, utilities and communication costs are sometimes included in the fee, making it easier to keep track of expenses. Save on advertising and promotion costs For example, it is far cheaper to create a website in-house than to outsource it. Nowadays, there are many free services that can create high quality websites, so it is easy to create a website without special knowledge or skills. Do-it-yourself company formation Similar to advertising and publicity costs, requesting a judicial scrivener or similar to establish a company will cost several tens of thousands of yen to more than 100,000 yen in fees. It is possible to perform the procedures yourself, so if you want to keep costs down, do it yourself. Choose a sole proprietorship or limited liability company Starting with a sole proprietorship or limited liability company with little opening capital will reduce initial costs. It is not too late to convert to a joint stock company after the business has begun to take off. Summary We have presented an itemized list of the costs associated with starting a business. In the early stages of starting a business, it is important to find ways to keep costs low. In particular, you want to reduce fixed costs such as rent as much as possible to have more cash left over. We recommend choosing serviced or shared office space, which can be rented at a lower cost than regular serviced office space.