{"id":15908,"date":"2018-10-16T00:00:00","date_gmt":"2018-10-16T00:00:00","guid":{"rendered":"https:\/\/blog.smarteventi.it\/starting-business-italy-vocabulary.html"},"modified":"2018-10-16T00:00:00","modified_gmt":"2018-10-16T00:00:00","slug":"starting-business-italy-vocabulary","status":"publish","type":"post","link":"https:\/\/blog.smarteventi.it\/en\/starting-business-italy-vocabulary.html","title":{"rendered":"Starting a business in Italy: the essential vocabulary you need to know"},"content":{"rendered":"
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Starting your own business in a foreign Country can be tough, but mastering the correct vocabulary can be the first step towards success. While most business environments are fairly international, you will still need to be able to discuss basic\u00a0company layout details, particularly when going through the process of registering your business and defining your corporate identity. We have already shared a snap guide to the types of companies available in Italy<\/strong><\/a>, and \u2013 depending on the path you choose \u2013 you will need to complete a few administrative steps to get your firm going. This is usually when you find that, no matter how clear the picture in your head is, if you don\u2019t have the right words for it, it\u2019s really hard to turn your dreams into a viable business. Here\u2019s some vocabulary to help you out during this process.
\n<\/p>\n

There are a lot of words you already know!<\/h3>\n

Surprise! You are in luck: a sizeable part of your business vocabulary is simply taken from English and not translated. Words like \u201cbusiness plan<\/em>\u201d, \u201cproblem-solving<\/em>\u201d, \u201ccompetitor<\/em>\u201d and \u201cgo-to-market<\/em>\u201d are used in their original form and in the exact same meaning as in English. You can still be a \u201cmanager<\/em>\u201d or a \u201cCEO<\/em>\u201d,\u00a0as long as you just remember to refer to yourself as an \u201cimprenditore<\/em>\u201d rather than an \u201centrepreneur<\/em>\u201d (the one word of this cluster that has not migrated into the Italian language unchanged). But you can still be a \u201cstartupper<\/em>\u201d if you like.<\/p>\n

Need a promotional campaign for your new company in Italy? Call us today!<\/a>\n

What is your business?<\/h3>\n

Yes, you can still call it a \u201cbusiness<\/em>\u201d, but you might need to be more specific at times. While the term \u201cattivit\u00e0\u201d,<\/em> much like \u201cbusiness<\/em>\u201d indicates anything one might do for a living, there\u2019s a difference between a \u201cnegozio<\/em>\u201d (a store or shop, catering to the general public), an \u201cingrosso<\/em>\u201d (wholesaler), a \u201cpiccola azienda<\/em>\u201d (generic definition of a small business) or a \u201cgrande azienda<\/em>\u201d (a large company), an “agenzia<\/em>”\u00a0that provides\u00a0services,\u00a0and a \u201cfabbrica<\/em>\u201d (a factory, producing physical goods). All of these definitions intersect with the different types of company you can found. Most companies will simply be referred to as \u201caziende<\/em>\u201d, a term that covers anything from independent dairy farms to software companies to Fiat (yes, really).<\/p>\n

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Follow the money<\/h3>\n

The one time you really need to be able to understand what you are signing up to, is when you are securing financing for your enterprise and talking to your bank or your investors<\/strong>. Again, you will encounter several familiar English terms here, and others \u2013 such as \u201clicenza<\/em>\u201d or \u201cinvestimento<\/em>\u201d, for instance \u2013 will be immediately familiar to you. Other, such as \u201cprestito<\/em>\u201d (loan) and \u201cmutuo<\/em>\u201d (mortgage), will be less easy to remember, but are still extremely important to understand. When crafting your business plan, you will be asked to plan in advance for your expenses and prospective income (\u201cspese<\/em>\u201d and \u201cricavi<\/em>\u201d), and you will refer to your profit as \u201cutile<\/em>\u201d. The most important piece of information you will have to hold on to, regarding your business, is your VAT registration number, aka your \u201cpartita iva<\/em>\u201d.<\/p>\n

Hiring and working with others<\/h3>\n

When working with an Italian team<\/strong><\/a>, you will also need to be familiar with a series of terms that define different roles within a company. For instance, you will not have the same relationship with your \u201csoci<\/em>\u201d (associates, business partners) and with your \u201cdipendenti<\/em>\u201d (employees). Or you could decide to hire as few people as possible and bring in external consultants (\u201cconsulenti<\/em>\u201d) and freelancers (\u201cliberi professionisti<\/em>\u201d is the correct definition, but \u201cfreelancers<\/em>\u201d is used as well). If your company can benefit from training \u201capprendisti<\/em>\u201d (trainees) you could do that, or you could offer paid or unpaid \u201cstages<\/em>\u201d (same word, but with the original French pronunciation) to students or young graduates. If someone refers to their team as \u201ccollaboratori<\/em>\u201d you will instantly know that they haven\u2019t sorted out their respective roles yet. When you do hire someone, however, you should take particular care in deciding what kind of \u201ccontratto<\/em>\u201d you are going to offer them and what monthly \u201cstipendio<\/em>\u201d (wage) you are going to pay them. Be aware that in Italy, when someone is \u201cassunto<\/em>\u201d (hired), this is taken to mean that they have a proper employment contract<\/strong>. This means they don\u2019t have to pay their own taxes at the end of the year (you have to do it for them and detract the amount from their wages) and they don\u2019t have to pay for their own social security. You, the employer, are legally obliged to pay what goes under the name of \u201ccontributi<\/em>\u201d to the National Social Security Institute (INPS).<\/p>\n

If you think this is too much and you\u2019ll never be able to remember all of these complicated words, you probably just need a few weeks of \u201cferie<\/em>\u201d!<\/p>\n

\"\"<\/p>\n

Launching your brand in Italy? Call us now for a free quote!<\/a>\n","protected":false},"excerpt":{"rendered":"

Starting your own business in a foreign Country can be tough, but mastering the correct vocabulary can be the first step towards success. While most business environments are fairly international, you will still need to be able to discuss basic\u00a0company layout details, particularly when going through the process of registering your business and defining your […]<\/p>\n","protected":false},"author":8,"featured_media":15913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1407],"tags":[1423,1495,1510,1511],"yoast_head":"\nStarting a business in Italy: the essential vocabulary you need to know - Il blog di Smart Eventi<\/title>\n<meta name=\"description\" content=\"Are you starting a new business in Italy? Make sure you get the lingo right! 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