|
YOU ARE IN »
Home page
> Self-employment
> Checklist
Self-employment: Checklist |
The checklist below is designed to remind you of the key points to consider when becoming self-employed and to highlight action points that should be taken. The business- What are your reasons for becoming self-employed?
- How feasible is your idea and why?
- What’s the unique selling point of your business?
- What knowledge, skills and qualifications are needed in the sector that you have chosen?
- How will you keep your knowledge, skills and qualifications up to date?
- How do you intend to ‘grow’ the business?
back to top Your research- Which areas of research will you need to tackle first?
- Where, specifically, will you find the information?
- Desk research only goes so far: who should you talk to?
- Who will you need to help you – inside and outside the business?
- With which professional organisations and associations should you register?
back to top Funding- How much money will you need to start the business?
- What resources and equipment will be required?
- What IT facilities will be necessary?
- Where will you be based and what will this cost?
- Which sources of funding will you approach first?
- How will you support yourself while starting up the business?
back to top Marketing- Look closely at two competitors: what can you learn from them?
- Where can you network?
- List five outlets for your products or services.
- What’s a competitive price for your product(s)?
- Which three promotional methods will best suit your business?
back to top Practicalities- What type of business will you run, e.g. sole trader?
- Have you found out how to pay income tax?
- What can you set against tax?
- What mandatory regulations must you follow?
- What pension arrangements will you make?
Don’t forget to check with your university careers service to see what help is already available through your university.
|
|
