🚀 Unlock Your Entrepreneurial Journey with "Getting Started with your Business" Course! 🌟

[Harry]

Unlock Your Entrepreneurial Journey with "Getting Started with your Business" Course!

•          Who the Course is for: Students, Startup Owners, Anyone
•          Duration: 1:30 Hours | 1 Lesson
•          Start Date: 01/04/2023
•          Location: Hybrid - Option for in-person learning and Online

Are you ready to turn your business dreams into reality? Whether you're a student with a groundbreaking idea, a startup owner navigating uncharted waters, or simply anyone eager to dive into the entrepreneurial universe, our course is tailor-made for you!

Why Invest in "Getting Started with your Business"?

•           Hybrid Learning Experience
•           Practical Application
•            In person Pitching Event in front of Investors and Mentors at Goldsmith University
•           Pitch Day Prizes “Read on to find out more”
•           Total Prize Package of Over £1500
•           Certificate upon completion of the course.

Course Overview: Explore the essential elements of launching your business journey in Module 1, your ultimate guide to conquering the business realm. Gain crucial insights into foundational keys for kickstarting your entrepreneurial journey. Ready, set, thrive!

Course Topics:

Module 1: Business Registration Decisions: LLC, S Corp, C Corp

Overview

•          Understanding different business structures
•          Pros and cons of LLC, S Corp, and C Corp
•          How to choose the right structure for your business

More Details

•  Understanding different business structures: In this segment, we delve deep into the diverse landscape of business structures, offering a comprehensive exploration of Limited Liability Companies (LLC), S Corporations (S Corp), and C Corporations (C Corp). Understanding the nuances of each structure empowers entrepreneurs to make informed decisions that align with their business goals.
• Pros and cons of LLC, S Corp, and C Corp: We highlight the advantages and drawbacks of each business structure, guiding participants to assess factors such as liability protection, taxation, and operational flexibility. This knowledge ensures that entrepreneurs can make strategic choices that best suit their unique circumstances, mitigating risks and maximizing benefits.
• How to choose the right structure for your business: Armed with insights into the intricacies of each structure, participants learn to evaluate their business objectives, risk tolerance, and growth aspirations. By the end of this module, individuals gain the confidence to select the most suitable business structure, setting a solid foundation for future success.

Module2: Importance of a Commercial Bank Account

Overview

•          Setting up and managing a commercial bank account
•          Separating personal and business finances
•          Navigating banking options for startups

More Details

• Setting up and managing a commercial bank account: This module provides practical guidance on establishing and maintaining a dedicated commercial bank account for business operations. Participants learn the importance of separating personal and business finances, ensuring financial transparency, and facilitating smoother financial management.
• Separating personal and business finances: Understanding the critical need for a clear demarcation between personal and business finances, participants grasp the importance of maintaining financial integrity. This separation not only simplifies accounting and tax obligations but also protects personal assets from business liabilities.
• Navigating banking options for startups: We explore various banking options tailored for startup needs. From choosing the right financial institution to understanding different account features, participants gain the knowledge necessary to make informed decisions, optimizing their banking setup for long-term success.

 

Module 3: Nonprofit vs. For-profit Entities

Overview

•          Differentiating between nonprofit and for-profit structures
•          Legal and financial implications of each
•          Choosing the appropriate entity for your goals

More Details

• Differentiating between nonprofit and for-profit structures: Participants gain a nuanced understanding of the distinctions between nonprofit and for-profit entities, considering factors such as mission alignment, revenue generation, and legal obligations. This knowledge enables individuals to align their organizational structure with their broader objectives.
• Legal and financial implications of each: Delving into the legal and financial ramifications of nonprofit and for-profit structures, this module equips participants to navigate compliance requirements, tax implications, and funding possibilities unique to each entity type.
• Choosing the appropriate entity for your goals: Entrepreneurs are guided through a decision-making process, evaluating their organizational mission, revenue model, and impact goals. Armed with this information, participants can confidently select the entity type that aligns with their overarching objectives.

 

Module 4: Overview of Taxes: VAT, Corporation Tax, PAYE, National Insurance

Overview

•          Understanding tax obligations for businesses
•          Overview of Value Added Tax (VAT) and Corporation Tax
•          Employee-related taxes: PAYE and National Insurance

More Details

• Understanding tax obligations for businesses: This module provides a comprehensive overview of tax obligations, ensuring entrepreneurs are well-versed in their responsibilities. Participants gain insights into the broader tax landscape, setting the stage for informed financial planning and compliance.
• Overview of Value Added Tax (VAT) and Corporation Tax: We break down the complexities of VAT and Corporation Tax, offering practical insights into how these taxes impact businesses. Participants gain the knowledge needed to navigate tax regulations, optimize financial strategies, and ensure compliance with tax authorities.
• Employee-related taxes: PAYE and National Insurance: This segment focuses on the intricacies of employee-related taxes, including Pay As You Earn (PAYE) and National Insurance. Entrepreneurs learn to manage their responsibilities as employers, fostering a clear understanding of tax obligations associated with their workforce.

Practical Guidance on Business Registration and Companies House Usage

Overview

•          Step-by-step guide to business registration
•          Utilizing Companies House for legal compliance
•          Ensuring accurate and up-to-date business records

More Details

• Step-by-step guide to business registration: We provide a detailed roadmap for business registration, simplifying what can often be a complex process. Participants gain practical insights into the necessary steps, documentation, and timelines for successful business registration.
• Utilising Companies House for legal compliance: Understanding the importance of Companies House in ensuring legal compliance, participants learn to navigate this platform effectively. The module covers the submission of accurate and up-to-date information, maintaining transparency and meeting regulatory requirements.
• Ensuring accurate and up-to-date business records: Emphasizing the significance of meticulous record-keeping, participants are equipped with the skills needed to maintain accurate and up-to-date business records. This not only facilitates legal compliance but also supports strategic decision-making and financial planning.

 

Module 5: Insight into Share Types within a Business

Overview

•         Understanding different types of shares
•         Allocating shares among stakeholders
•         Implications for ownership and decision-making

More Details

• Understanding different types of shares: Entrepreneurs gain a comprehensive understanding of various share types, such as common shares, preferred shares, and founder shares. This knowledge empowers them to make informed decisions regarding equity distribution and ownership structures within their businesses.
• Allocating shares among stakeholders: This module provides practical guidance on the equitable distribution of shares among stakeholders, ensuring a fair and transparent allocation. Participants learn strategies for incentivizing key contributors and fostering a sense of ownership among team members.
• Implications for ownership and decision-making: The implications of share types on ownership and decision-making are explored, allowing entrepreneurs to grasp the long-term effects of their equity distribution choices. This knowledge supports effective governance and strategic planning within the business.

 

Module 6: Considerations for International Individuals Setting up a UK Business

Overview

•          Addressing challenges and opportunities for international entrepreneurs
•          Legal and regulatory considerations for foreign business owners
•          Navigating cultural and market differences

More Details

• Addressing challenges and opportunities for international entrepreneurs: This module guides international entrepreneurs through the unique challenges and opportunities associated with setting up a business in the UK. Participants gain insights into cultural, legal, and market considerations, setting the stage for successful cross-border ventures.
• Legal and regulatory considerations for foreign business owners: We explore the legal and regulatory landscape for foreign business owners, ensuring participants are equipped to navigate potential hurdles. This knowledge facilitates compliance with UK laws and regulations, fostering a smooth and legally sound establishment.
• Navigating cultural and market differences: Understanding the cultural nuances and market differences in the UK is crucial for international entrepreneurs. This module provides practical strategies for adapting business practices to align with local expectations, maximizing the chances of success in a new market.

Course Completion Achievements:

•          Comprehensive understanding of business registration and entity choices
•          Proficiency in managing commercial bank accounts
•          Knowledge of tax obligations and considerations
•          Practical skills in utilising Companies House for business compliance
•          Insight into share structures within a business
•          Awareness of key considerations for international business setup

Additional Benefits:

• One-on-One Session with Harry: Personalised guidance, advice, and support for setting up your business.
• Live Pitch Day Access: Exclusive opportunity to pitch your business idea upon successful course completion.

Pitch Day Prizes:

• First Prize: £500 discount on SEIS & EIS services and 60 hours of free student technical support.
• Second and Third Prize: 60 hours of free student technical support, including marketing, admin, business development, legal, and IT support.

Total Prize Package: Over £1500

Ongoing Support:

Exclusive Goldsmith University Access:

• All pitches receive ongoing support from Goldsmith University, including access to exclusive events and funding opportunities if criteria are met.

Certificate Upon Completion:

• Showcase your expertise with a certificate upon completing the course. Prove that you're not just learning but ready to revolutionise your approach to sales and entrepreneurship.

Eligibility Criteria: The 6-week Startup Programme is tailored for early-stage UK technology ventures aiming for growth. If you find yourself in the initial stages of your venture and are seeking expert knowledge in setting up, building, selling, marketing, and fundraising for your startup, this programme is for you. Whether you're in the ideation phase or pushing for early-stage growth, we invite you to explore the benefits of joining one of our upcoming cohorts. Additionally, European startups registered outside the UK are eligible, provided founders commit to attending the in-person pitch day event at Goldsmith University.

Admissions Process: Admission operates on a first-come, first-served basis. To apply, fill out the application form, and upon submission, expect a confirmation email and invoice. Ensure to check your spam folder for the confirmation email. Act promptly to secure your spot in this valuable programme.

Questions? For any inquiries about this module, reach out to hello@thestartupevents.co.uk. Check the FAQ section on the website; your question might already be answered there. We're here to support your journey to startup success!

Instructor Bio: Harry McDonough

Linkedin Profile: https://www.linkedin.com/in/harry-mcdonough-456341107

Meet Harry McDonough, an entrepreneurial force with an eight-year track record in the startup landscape. Dedicated to bridging the knowledge gap for founders, he brings a wealth of experience from roles intersecting innovation, funding, and strategic partnerships.

Harry's journey began by founding a university startup in Vertical Farming, raising £250,000 to propel its growth. This success marked the start of a career fueled by innovation and support for emerging businesses.

At the Connected Places Catapult, the UK's primary Innovation Hub for Mobility and Transport, Harry served as the Innovation Funding Manager, aiding businesses in securing funding and navigating the intricacies of innovative product development.

As the Innovation Funding Manager Harry Oversaw and Managed funding programmes for the Department for Transport (DfT) and Network Rail, Harry played a pivotal role in supporting early-stage businesses with innovation funding grants. His expertise guided startups through the complexities of innovative product development, contributing significantly to the mobility and transport sector's advancement.

In his role at the Blue Factory Innovation Hub, affiliated with ESCP, one of Europe's top business schools, Harry collaborated with university spinouts from UCL, Carbon 13, and Transmit Startup Loans. His work showcased a talent for nurturing startups within an academic and business ecosystem.

Beyond professional roles, Harry is committed to narrowing the founder knowledge gap, connecting and supporting startups passionately. His hands-on experience, from launching a startup to influencing government innovation funding, uniquely positions him to understand and address entrepreneurs' multifaceted challenges.

With a rich background in innovation, funding, and business development, Harry McDonough brings practical insights and strategic vision to the classroom. His commitment to fostering startup growth is evident in every facet of his dynamic career. Join Harry on a journey of discovery and empowerment as he inspires and guides the next generation of entrepreneurial trailblazers.

 

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https://www.eventbrite.co.uk/e/the-startup-events-london-presents-build-your-startup-in-6-weeks-tickets-820088987237