Need more info? Get in touch! 071 96 41770

Becoming Self-Employed

Things to consider when becoming self-employed

1) Are you suited to Self-Employment?

  • Are you totally committed?
  • Are you willing to work long hours if necessary
  • Are you able for the psychological challenges?
  • Have you support from family / friends?

You also need;

  • To have identified a market opportunity
  • To have the practical skills to do the job
  • To have some business skills to enable you to run a business

2) Basic Market Research

Have you considered the folllowing?

  • Who will use your product or service?
  • How many similar businesses are there in the area?
  • Can you improve a product or service that other businesses are offering?
  • Do you need planning permission?
  • Why would customers come to you – is it because of better quality, cheaper price, better service or something else?
  • Would large companies use your product or service?

3) Writing a business plan

A business plan is a key tool to help you think out and plan your business before you start. Writing a business plan takes you through a series of questions that you may not have considered but are very important in determining whether or not you can run your business and make a profit.

A business plan will enable you to;

  • Work out WHY you are going into business
  • HOW you will operate your business
  • WHERE to source your finance
  • WHO your proposed customers will be.

For more information on how LDC can help you to become self-employed contact Liam O Brien at 071-9641770 or liam@ldco.ie

Main Office

Church Street
Drumshanbo
Co. Leitrim

Tel: (071) 9641770
Fax: (071) 9641741
E-mail: info@ldco.ie

Sub Offices

Credit Union Building
Mohill
Co. Leitrim

Tel: (071) 9631715
Fax: (071) 9631895

 

New Line
Manorhamilton
Co. Leitrim

Tel/Fax: (071) 9856016

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