Small business life can be tough but rewarding. You need to begin from the best possible position. Here’s how to start a small business in Ireland. (Click on the blue links for guides and information on each topic).
The first thing you need to do
Starting a business in Ireland? Before you open a business bank account, you should register your company. Here’s a link to the Companies Registration Office. You also need to know what type of company you want to be.
The business plan
A business plan is an indispensable tool for starting, managing and growing your business. A good plan details your business concept, the marketplace and the money required. Writing a business plan can seem daunting so here’s a brilliant, easy-to-use, free business plan template for the Irish market.
The marketing plan
Marketing should be an integral part of your business plan. It shows bank manager and potential investors that you know how important sales are to the survival of your business. Download it here.
The cash flow planner
Cash flow is the lifeblood of any business. This free template will help you through the tough times as well as the good times. Don’t forget, banks and investors love to see cash flow plans. A cash flow plan could be the difference between getting an overdraft and not getting one.
Business finance and supports
There are many great supports available, including small business loans, for people who want to start a small business.
NB: There are over 50 options for starting and growing in this definitive guide.
Understanding the tax system
This is important. It may seem overwhelming but with the help of a good, tax professional you can steer clear of any major issues. Here’s a comprehensive guide to your tax obligations.
How to invoice
Bringing in the money you are owed will become a day-to-day obsession with you. Here’s how to start with a handy invoice template.
Mentoring and advice
You may need guidance and mentoring as you begin to grow. Here’s how to book a mentor.
Cash safety net
As you build you will need a cash safety net. Here’s what you need to know.
Hiring the right people
Here is some solid advice on how to hire a great team. You will also need a letter of employment template. Here is a good one.
Also, if you want to find out how much it costs to hire someone, use this brilliant wages calculator.
Advertising and marketing your business
No one will do business with you unless they know about you. Read these first steps to advertising and marketing your services.
Building a website
You will need a decent website if you are to succeed. Your site is very often the first place a potential customer will visit. First impressions are vital. Start now.
If you are not selling online, you are missing out on the millions of euro people in Ireland spend online each day. Here’s a guide on how to start.
Using social media to build your business
In the social, mobile age, make sure you are active and vocal on social media. Here are nine ways to increase sales using social media.
Selling and cold calling
As you grow, you will have to become used to cold calling and selling your services. It’s not as daunting as it sounds. Read this guide.
Closing a sale
Closing a sale is an art in itself. Here are some must-use steps to succeed.
If you are in manufacturing, you must consider exporting your goods. It’s a complicated process. Read this first steps guide to exporting.