Self-Employment Course Topics

Without a solid plan for the business you want to set up, you are leaving yourself open to chance. You wouldn’t go on holiday, or even on a night out, without some kind of plan in place.

So why do something as important and potentially risky as starting a business, without first making a robust business plan?

Despite the emergence of new marketing techniques, such as social marketing, the importance of traditional marketing methods should not be overlooked. 

The impact of ‘old school’ methods of marketing shouldn’t be underestimated.

Digital and social marketing has taken off in a big way.

Mobile phone usage has grown almost exponentially, which has a bearing on when and how businesses reach their customers.

Keeping their business legally compliant is a major concern for learners who book onto a TfE self-employment workshop.

If they don’t comply with legislation, then business owners could potentially face fines, a court appearance or even a prison sentence.

If you don’t have a realistic plan for your business finances, you are at the mercy of chance. 

Nobody would plan a wedding or make a large purchase such as a car without having a budget in place. No-one would take out a loan without having a repayment plan.

Starting a business carries a high level of financial commitment. Do not add to that risk by not making a robust financial budget and cash flow forecast.

For learners who book onto a TfE self-employment workshop, taxation is the main concern.

If you don’t comply with their rules and regulations, which are set down in law, there is possibility of a fine from HMRC.

HMRC – also known as the Inland Revenue or ‘the tax people’ – will fine anyone £100 who is late filing their tax return, and they now impose daily fines if you fail to comply after a certain time.