The Abbey Hotel Roscommon, Roscommon Town
Tuesdays: April 11th, 18th, 25th + May 2nd, 9th & 16th 2023
6pm to 9pm each evening
Start Your Own Business

STRICTLY FOR ROSCOMMON CLIENTS ONLY. This six week (one evening per week) IN PERSON TRAINING COURSE is suitable for anyone thinking of starting a business or who has recently done so.

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This six-week (one evening per week) course is suitable for anyone thinking of starting a business or who has recently done so.

Dates: Tuesdays: April 11th, 18th, 25th + May 2nd, 9th & 16th 2023

Time:  6pm to 9pm

Venue: The Abbey Hotel Roscommon, Roscommon Town

Course Deliverer: TalentPool Limited

Cost: FREE

Course outline:

Are you interested in setting up a business?

Start Your Own Business Course is for individuals to learn & develop the necessary skills and knowledge to start their own business. This course aims to build your confidence, to network you with others on the course & to guide you to sources of further supports for the future.

Delegates will be able assess the viability of business ideas and understand essential elements needed to bring an enterprise from to concept to profit. At the end of the programme delegates will understand the essential elements required to start up and run their own businesses effectively and will have the skills and knowledge to be able to create their own business plan and be aware of the various supports that exist. Delegates on this course will have a competent understanding of the taxation system and will understand what needs to be done to be compliant with revenue regulations and will be able to understand the duties of their accountant

Content includes:

Self-Assessment:  To introduce participants to the concept of entrepreneurship and what it means to be a business owner. The downs and ups and how to deal with both:
• Entrepreneurship – What is it?
• Personal Skills Analysis
• Personal Goals (particularly financial)
• SWOT/USED Analysis
• Golden Figure (creating personal wealth)
• Reasons for starting a business.
• Reasons for small business success and failure
• Understanding how to develop an idea to make Money.
• Steps to starting a business

Legal Issues for Start-up businesses:
• Guide to legal structures
• Registering a business name
• Registering a domain name (Online variant guides delegates through the CRO process and show domain options)
• Obligations and red tape to be observed.
✓ Employing Staff
✓ Data protection

Market and Market research is to give a solid professional grounding in the principles of marketing leading up to developing a marketing plan:
• Introduction to marketing
• Product / service and comparison
• Researching your idea to ensure profit.
• Identifying and meeting customer needs
• Developing a marketing plan
• Promotion for the start-up, including social media marketing.
• Market Research Methods
• Price in the context of marketing
• Promotion
• Developing a market strategy

Sales and networking. to show that sales are core to all businesses, so that participants prepare their sales pitches and networking pitches for immediate use even if the business has not started:
• The importance of Sales
• What makes people buy?
• Selling on benefits
• Seven step Sales model
• Getting the T's & C's right, the power of now
• Networking, and finding prospects
• Pitching and promotion of self.

Administration and bookkeeping to create an understanding in the participants of the importance of good financial management which ranges from basic bookkeeping to creation of internal controls and revenue commissioner ready accounts, as well as how why and when to register for appropriate taxes:
• Introduction to small business finance
• Sources of funding
• Drawings and personal budget
• Business Costs overheads fixed and variable.
• Pricing
• Break Even Analysis
• Overhead clock
• Funding options

Finance and financial management  to inform of the routes to finance available in current times and to establish the methods of costing and other basic tools to ensure profitability:
• Books of prime entry
• Top tips to make bookkeeping stressless
• Profit and loss account creation
• Taxes: the principle of self-assessment, ROS, returns and thresholds

Employers’ taxes:
• How Books relate to tax
• How to set up and use the revenue online
• Demonstrations of bookkeeping will be given Via an Excel spreadsheet that show how to create a simple set of accounts suitable for creating a form 11 return. (On the online variant Delegates will be shown a fully functional version of a spreadsheet which will create an accurate profit and loss account and balance sheet, this will be supplied to them via our learning platform or via email)

Business Planning: To demonstrate to delegates the importance of comprehensive planning for their prospective business.