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Start Your Own Business (6wk pm)

Venue:
Webinar - an invite will be emailed to you
 
Date:
01/11/2021
 
Note:
6 x Mondays, 1, 8, 15, 22 & 29 Nov and 6 Dec.
 
Time:
6pm to 9pm
 
Category:
Start Your Own Business
 

Assess the viability of your business idea and gain an understanding of the essential elements required to start-up and run their own business. ***** RESTRICTED TO TIPPERARY CLIENTS***** CAMERAS ON INTERACTIVE WEBINAR *****

This event is no longer available
 

Course Content:-

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.