Aims

Many senior clients see redundancy as an opportunity to fulfill their lifelong ambition of becoming self-employed. These sessions are conducted as part of a full outplacement programme if the client is seriously considering self employment as an option.  Our one to one sessions stress the disadvantages as well as the advantages of this exciting career option, and then they provide intensive personalised training designed for those committed to investigating the option further.

Areas commonly covered include

• Reasons for deciding upon self-employment.
• Choosing between sole trader, partnership and limited company.
• The entrepreneurial spirit.
• Setting up the basics.
• The legal aspects of self-employment.
• The most common reasons for failure.
• Insolvency.
• Plan of Action for Day One.
• Choosing professional advisers, financial institutions and raising finances.
• Preparing a business plan.Marketing and selling.
• Statutory bodies (VAT,IR).
• Basic bookkeeping; employing others, cash flow and bad debts.
• Signposting - sources of help/advice (localised).

Benefits to the Client

• Takes the ‘glossy image' away from self-employment and enables the client to focus on realistic goals
• Gives an insight into fundamental business skills.
• Prepares a business plan which may be required to assist in raising finance.
• Gives invaluable advice on marketing and company image
• Ensures clients avoid unviable business ventures.