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0761 06 5000

0761 06 6200

Start Your Own Business Jan 22

Via Zoom - an link will be emailed to you in advance of the start date
Thursday 27 January, 3, 10, 17, 24 February & 3 March
10am to 1pm
Start Your Own Business

This 6-week morning programme provides participants with the skills to assess the viability of their business ideas and develop an understanding of the steps involved in becoming self-employed. **** Tipperary clients only ****

This event is no longer available

Course Content

Session 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

Session 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

Session 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

Session 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

Session 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.

Session 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.