Venue:
Online Webinar via Zoom
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.
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