Get in Touch

Map Location

LEO Nenagh 0818 06 5000

LEO Clonmel 052 616 6200

Newsletter sign up here

Start Your Own Business (6 x 3hr online webinar)

Venue:
Online Webinar via Zoom
 
Date:
28/10/2020
 
Note:
6 consecutive Wednesdays, commencing 28 Oct, 4, 11, 18, 25 Nov, 2 Dec
 
Time:
6.30pm - 9.30pm (break included)
 
Category:
Start Your Own Business
 

Have you got a business idea & are thinking of starting a business? This webinar will help you assess the viability of that idea and understand the essential elements required to start & run your own business.

This event is no longer available
 

Course Outline

Night 1

Business Plan preparation and how to structure a business plan

  • Preparing a personal budget to establish how much money the new business has to generate monthly in order for you to live!
  • General advice about business planning
  • Leases, Insurance, planning permission
  • Advantages & Disadvantages of self employment
  • Business Plan format - template provided - enables establishment of running costs of the business and start up costs
  • Business Planning

Night 2

Different types of financial assistance which are available to the SME.  How to prepare budgets for the business.  Templates are provided for this. Preparing Profit & Loss accounts

  • Sample cash-flow showing how to layout your idea they way the bank wants to see it!
  • Types of assistance offered to start-up business
  • Monthly budget - the importance of them, templates provided
  • Figures required for Business Plan, i.e. Projected Profit & Loss and matching cashflow

Night 3

Marketing

Looking at competition.  Pricing the product or service:-

  • Developing a strategy
  • Competitiveness
  • Marketing: Competitors, Product, Price, Place, Promotion, Advertising
  • Personal selling
  • Public Relations
  • Customer Service
  • The importance of Social Media as a means of advertising & for market research
  • Why the new business should have a website/web presence
  • Researching competition - is there a gap in the market for your business idea

Night 4

Introduction to Bookkeeping and the Tax System for the Self Employed.  Records that must be maintained for tax purposes and preparation of purchases book, cashbook, cheques journal and VAT returns.

  • Preparation of books, records & completion of government forms.
  • Registering for Income Tax
  • Key dates for Self Employed people
  • How to calculate tax as a self employed person, templates provided
  • Explaining a business expense
  • Purchase book not registered for VAT & registered for VAT
  • Cash book for Retailers & Service business
  • Sales Book
  • VAT return
  • Cheques Journal

Night 5

Legal aspects of Business

Sole Trader, Partnership & Limited Company are explained.  Registration of Business Name and opening the business bank account.

  • Legal ways of trading
  • Legal obligations of Directors
  • Employment Contracts
  • Legal entitlements of employees
  • Online and internet banking for business and its importance
  • How to register your business name online with the CRO
  • Registration of business name
  • Completion of sample form for registration of business name.

Night 6

The correct procedure for employing staff.  True cost of employees is explained. Sample employment contract provided.

  • Procedures for employing people for the first time
  • Employers liability insurance
  • Health& Safety statement
  • Register with Revenue as an employer
  • Employment contracts, samples provided and explained
  • The true cost of employing staff - gross pay, employers PRSI, cost of holidays, holiday pay entitlements, minimum pay rates, minimum notice and unfair dismissal.