Start Your Own Business Course Guide

This course explains how to secure your business name, outlines the available business structures, and describes the purpose and importance of a mission statement. It also covers how to define your target market, key start-up costs, and how to calculate a charge-out rate that covers your wage, overheads, and allows for profit.

This course covers definitions of different business types and what a business is, explores the main functions of a business, and identifies the main business types.

This course guides you through the steps to develop a detailed plan for your business.

This course explains the four core elements of the marketing mix; product, price, place, and promotion, and how to apply them effectively to a product.

This course explains what accounting is and introduces the accounting equation and how it’s applied. It also looks at what an account is, how it’s used in business, and identifies a range of accounts and their classifications.

This course defines key terms used in transactions and explains what an invoice is. It also highlights the importance of keeping accurate records of business transactions.

This course identifies the expanded accounting equation and provides definitions for a range of accounts. It covers various account classifications, how accounts are categorised, and explains how to calculate the Owner’s Equity closing balance.

This course helps you identify which accounts are debit or credit accounts, and whether transactions increase or decrease them. It also covers which accounts make up a Balance Sheet and the minimum number of accounts affected in a transaction.

This course introduces what Financial Statements are and explains the order in which they are prepared. It covers what a Trial Balance is and its purpose, along with the use of a Balance Sheet and Income Statement, and which accounts are shown on each Financial Statement.

This course provides an overview of different pricing strategies and how they can be applied in various business situations.

This course explains what Value Added Tax (VAT) is, including Input and Output Tax. It covers registration, invoicing and record-keeping requirements, and circumstances where penalties may be imposed. It also explains the due dates for filing and paying VAT for ROS.