Start Your Own Business Course

The initial part of this course will provide you with information on the qualifying criteria and application process for the Back to Work Enterprise Allowance Schemes in County Longford.  It will outline the training and mentoring supports available through LCRL to assist you in developing your business idea and starting a business.  The following topics will be covered:

Personal Suitability for Self-Employment

  • The characteristics and traits of the entrepreneur
  • Self-employment vs. PAYE employment
  • Realities of running a business, what's involved.

 

Generating New Business Ideas

  • Where do business ideas come from
  • How to come up with new ideas for a business
  • Finding a profitable niche
  • Oportunities; current trends and predicted future growth areas.

 

A Good Business Idea

  • What makes a good business idea
  • Case studies of successful businesses which started small, with minimal investment
  • Exploration of existing business ideas among the participants.

 

This training assists participants in completing a business plan for their proposed venture and in developing, researching and evaluating their business idea.  The business plan will be the main component of their application.

The following topics are covered during the training:

  • Business Planning
  • Market Research
  • Legal structures, isues and responsibilities
  • Marketing & Promoting
  • Pricing products and service
  • Initial investment needed
  • Three Year cashflow projection
  • Debt collection
  • Approaching the bank for loans.

 

Courses will run on a monthly basis.