Starting a business when unemployed

Identifying a strong business idea is the foundation of any successful venture. Fulfilling a need for a product or service that is not currently available or offering something new and unique provides an ideal platform for starting a new business.

The Invest NI Business Information Centre has a wide range of resources to help you carry out market research. Find out more about Invest NI's Business Information Centre.

When considering starting a business many unemployed find it helpful to identify any unfilled local demand. Being able to meet a local demand for a product or service that is not currently being met may offer an opportunity to start a new business venture.

Also by utilising any existing skills, expertise or areas of interest you may have will increase your chances of success and make it easier for you to make the transition from unemployment to self-employment.

Another route into entrepreneurship is to buy an existing business or franchise. This can offer a more secure starting point, allowing you to learn the operational aspects of running a business with an established brand, customer base, and support structure. - see buy a franchise.