What Do I Need to Know To Start My Own Business

What Do I Need to Know To Start My Own Business

  • Course Code: PLR0SBU001 (171A)
  • Prospectus Title: What Do I Need to Know To Start My Own Business
  • Mode of Study: PART-TIME
  • Duration: 4 Weeks (2. hours per week)
  • Start Date: 24 January, 2018
  • Course Tuition Fee: £ 80
This course has started. Please call for the next start date.

Entry requirements

There are no specific requirements for entry onto this course, however you should have a keen interest to develop business and accountancy skills.

Who is it for?

If you are just starting your own business or have been thinking about doing so but don't know where to start, then this course is for you. The course is designed to give you an insight into basic business and accountancy skills and will provide you with the knowledge and understanding of how to develop these.

What does the course involve?

The course will look at a wide range of areas, including legal responsibilities, marketing and barriers to business, introduction to HMRC, registering for VAT and cash flow forecasts.

It will also cover key must know principles (Sales and Marketing, Finance and Legal Requirements).

Sales and Marketing:

  • Product / range / services offer
  • Pricing strategy options (Cost Volume Profit)
  • Promotion and advertising to win new customers
  • Creating a competitive advantage
  • How to beat larger competitors (USPs)


  • Cash flow
  • Profit and loss
  • Balance sheets

Legal Requirements:

  • VAT (levels and requirements)
  • Sole trader or limited company - For and against
  • Legal obligations
  • Employer obligations

The course has been designed to run in 3 stages. This allows individuals to work at their own pace. You will have the option to develop your knowledge further with steps 2 & 3 depending on your individual requirements.

How is the course assessed?

No assessment is required on the course.

What do I do next?

Some of our courses may have entry qualifications and you may need to have an informal chat with the tutor to check it is appropriate for you - this will be clear in the Other Details area. You are able to enrol at the College in person or by phone on 01743 342333 between 9.00am-5.00pm Monday - Thursday and 9.00am-4.30pm on Friday. You can also enrol and chat to staff at our advice / enrolment events which happen throughout the year or use our Live Chat.

You will be required to pay your course fees at the time of enrolment, so please ensure that you bring an appropriate payment method with you, (as well as appropriate evidence if you are eligible to have any fees waived).

Other details

No entry requirements. No concessions.

If you are aged 19 or over you may have to pay some tuition fees.

This can be clarified by ringing Course Advice on 01743 342333.

Day of week Start Time End Time
Day 1 Wednesday 6:00pm 8:00pm
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