How To Start A New Business

Business-minded people who have the interest to start a new business in Ireland will soon find out that it could be a long process

. On the lighter side of it, there are plenty of resources which are helpful in making the starting phase easier. There are organizations that provide information, guides and resources online.

Whether you are planning to set up your own company, plan to begin a partnership or a co-operative, there are certain considerations that you need to think about. Of course, before you start a new business in Ireland, think of the pros and cons of the business structure that you want to undertake and go for the best.

Next, you would need a catchy business name. It is unpleasant to use names of existing businesses in Ireland.

The next step is to register the name of your new business at the Companies Registration Office and with the Revenue Commissioners for your tax obligations.

Find out if you need to apply for a business license to legally operate your business in Ireland. Driving schools, employment or recruitment agencies and pubs are some businesses that require a license.

Then, find the right source of funding to help you with your new business. You might be qualified to apply for grants from funding government agencies.

Look for programs intended for new business owners. They can offer free consultations and free training programs to develop your research and management skills. Two of these programs are Enterprise Island and Mentor Network.

Lastly, understand your rights and obligations of being a business owner. Familiarize yourself with the Safety, Health and Welfare Act of 2005 which is useful when you hire staff.

by: Gary McGeown

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