Considering
Self-employment?
Your Self-Employment
Checklist
http://www.consideringselfemployment.com
Self Employment Checklist – Reasons for Starting
• Reasons for Starting
• Personal net worth statement
• Personal monthly budget
• Values & Qualities Audit
• Personal Development Plan
• Survival income
• Goals & Objectives
• Readiness factors
• Exit Strategy
http://www.consideringselfemployment.com
Self Employment Checklist – Your Idea & The 7 Rs
• Real Problem You Solve
• Recipients of the service
• Routes to Market
• Revenue streams
• Resources
• ROI
• Required Steps
http://www.consideringselfemployment.com
Self Employment Checklist – Your Approach
• Start a Business
• Buy a Business
• Invest in a Franchise
• Become an online Affiliate
• Become an Agent/Reseller
http://www.consideringselfemployment.com
Self Employment Checklist – The Business
• The Name
• Type of Business
• Advisers
• Licence, Permits & Taxes
• Staff
• Marketing
• Finances/ Capital Required
• IT
• Systems
• Suppliers/Stock Control
• Quality Systems
• Bank Account
http://www.consideringselfemployment.com
Self Employment Checklist – The Business Plan
• Exec Summary
• Structure & Location
• Business Advisers
• Vision & Mission Statement
• Innovation, R & D
• Product & Service
• Management Team
• Roles & Responsibilities
• Marketing
http://www.consideringselfemployment.com
Self Employment Checklist – The Business Plan
• Operations
• Reporting Systems & KPIs
• Funding Required
• Use of Funds
• Exit Strategy
• Appendix
• Financials
• CVs
http://www.consideringselfemployment.com
Self Employment Checklist – Financials
• Monthly Budget
• Personal Survival Income
• Net Worth Statement
• Start-up Costs
http://www.consideringselfemployment.com
Self Employment Checklist – Financials
• Cash flows 3 yrs
• Profit & Loss – 3 yrs
• Balance Sheet - 3 yrs
• Breakeven Analysis – 3yrs
• Capital Required
• Source of Capital
http://www.consideringselfemployment.com
Self Employment Checklist – Financials
• Book Keeping
• Accounting System
• Stock Control/levels
• Returns
http://www.consideringselfemployment.com
Self Employment Checklist – Advisers
• Solicitor
• Accountant
• Bank
• Business Coach
• Investment Consultant
• Insurance Consultant
• Board Adviser
• Mortgage Consultant
• Patent Lawyer
• Auditor
http://www.consideringselfemployment.com
Self Employment Checklist – Legal Considerations
• Sole Proprietor
• Partnership
• Limited Partnership LLC
• Limited Company Ltd
• Public Limited Company PLC
• Social Enterprise
• Charity
http://www.consideringselfemployment.com
Self Employment Checklist – Legal Considerations
• Ownership/shareholding%
• Share price (FMV)
• Options
• Incentives
• Memorandum/Articles of Association
http://www.consideringselfemployment.com
Self Employment Checklist – Legal Considerations
• Statutory Obligations
• Environmental Obligations
• Local licensing & By Laws
http://www.consideringselfemployment.com
Self Employment Checklist – Legal Considerations
• Partnership Agreement
• Shareholders Agreement
• Staff Agreements
• JV Agreements
• Franchise Agreement
• Licence Agreement
• Non Disclosure Agreements
• Terms of Service
• Privacy Policy
http://www.consideringselfemployment.com
Self Employment Checklist – Marketing Plan
• Situation Analysis
• Objectives
• Market Segments
• Market Wants & Needs
• Product Analysis
• Pricing Analysis
• USP & Elevator Pitch
• Branding
• Competitor Analysis
http://www.consideringselfemployment.com
Self Employment Checklist – Marketing Plan
• Marketing Collateral
• SWOT Analysis
• PEST Analysis
• Route to Market (tactics)
• Sales Plan
• Sales Process
• Budgets & Responsibilites
• Promotional Calendar
http://www.consideringselfemployment.com
Self Employment Checklist – Insurances
• Key Man
• Public Liability
• Professional Liability
• Product Liability
• Private Health
• Employee Liability
http://www.consideringselfemployment.com
Self Employment Checklist – Insurances
• Vehicle/Transport
• Buildings/Contents
• Business Interruption
• Data Loss
• Professional Investigation
• Travel
http://www.consideringselfemployment.com
Self Employment Checklist – Asset Protection
• Name
• Business Name Registration
• Domain Name Registration
• Company Name Registration
• Profile Name Registration
http://www.consideringselfemployment.com
Self Employment Checklist – Asset Protection
• Patent
• Trademark/Service Mark
• Copyright
• Copyscape.com
• Formulas/Ingredients
http://www.consideringselfemployment.com
Self Employment Checklist – Asset Protection
• Licence Agreement
• Franchise Agreement
• Non Disclosure Agreement
• Non Circumvention Agreement
• Terms of Service
http://www.consideringselfemployment.com
Self Employment Checklist – Asset Protection
• Insurances
http://www.consideringselfemployment.com
Self Employment Checklist – Information Technology
• Hardware
• Software
• Pink Ware
• Netware
• Webware/Website
• Security
• Phone Systems
• Unified Communications
http://www.consideringselfemployment.com
Self Employment Checklist – Reporting Systems
• Monthly P&L
• Monthly Balance Sheet
• Monthly Sales
• Monthly Purchases
• Profitability Analysis
• Website Analysis
• CRM Stats
• Marketing Activity Analysis
• Fans, Friends & Followers Online
http://www.consideringselfemployment.com
Self Employment Checklist – Staff
• Agreements
• Roles & responsibilities
• Payroll, PAYE & NI
• Health & Safety
• Vehicles
• Pension
• Holidays
http://www.consideringselfemployment.com
Self Employment Checklist – Staff
• Training/PDP
• Record System
• Fringe Benefits & Perks
• Interview process
• Policies, Procedures
• Process
http://www.consideringselfemployment.com
Self Employment Checklist – Premises
• Crime Assessment
• Health & Safety
• Plant/Equipment
• Warehousing
• Canteen
• Toilets / Changing Rooms
http://www.consideringselfemployment.com
Self Employment Checklist – Premises
• Home / Office / Unit
• Rent / Lease / Mortgage
• Parking & Signage
• Accessibility
• Risk Assessment
http://www.consideringselfemployment.com
Elsabe Smit Fraser J. Hay
Considering
Self-employment?
http://www.consideringselfemployment.com