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SELF EMPLOYMENT WORKSHOP
Aims
Many clients see redundancy as an opportunity to fulfil their lifelong ambition of becoming self-employed. Our two day course stresses the disadvantages as well as the advantages of this exciting career option, and screens out those for whom self-employment is wrong. Then it provides intensive training designed for those committed to investigating the option further.
Contents and Key Objectives
- Reasons for deciding upon self-employment.
- The differences 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 Individual Client
- Takes the 'glossy image' away from self-employment.
- Gives an insight into fundamental business skills.
- Helps prepare a business plan which may be required to assist in raising finance.
- Ensures clients avoid unviable business ventures.
Benefits to the Customer
- Demonstration of a caring attitude to former employees risking their severance.
- Employees with skills that may still be required can become suppliers to the company on a self-employed basis.