Register your business partnership

In this guide:

  • Setting up a business partnership

    Learn how to set up a business partnership, choose a nominated partner, and manage tax responsibilities.

    In a partnership, you and your partner (or partners) personally share responsibility for your business. This includes:

    • any losses your business makes
    • bills for things you buy for your business, like stock or equipment
    • sharing the business profits, with each partner paying tax on their share

    A partner doesn't have to be a person. For example, a limited company can also be a partner because it’s a ‘legal person’ - see set up a limited company.

    How to set up a partnership

    To set up a business partnership, you need to:

    • choose a name
    • choose a 'nominated partner'
    • register with HM Revenue and Customs (HMRC)

    Business partnership tax responsibilities

    Each partner is responsible for paying tax on their share of the business's profits. The 'nominated partner' is in charge of handling the partnership's tax returns and keeping business records.

    Differences between limited partnerships and LLPs

    There are different rules for limited partnerships and limited liability partnerships (LLPs):

    • limited partnerships - at least one partner has unlimited liability, while the other partners have limited liability.
    • limited liability partnerships (LLPs) - all partners are protected from personal losses beyond their investment in the business.

    See GOV.UK guidance on set up and run a limited liability partnership and set up and run a limited partnership.

    Also on this site
    Set up a limited company
    Content category
    Starting a business

    Source URL

    /content/setting-business-partnership

    Links

  • Naming your business partnership

    What you can and cannot name your business partnership in the UK, including words you need permission to use

    You can trade under your own names, or you can choose another name for your business. You don't need to register your name.

    You must include all the partners' names and the business name (if you have one) on official paperwork, for example invoices and letters.

    Rules for business partnership names

    Business partnership names must not:

    • include 'limited', 'Ltd', 'limited liability partnership, 'LLP', 'public limited company' or 'plc'
    • be offensive
    • be the same as an existing trade mark - see company name and trade mark checker

    Your name also can't contain a 'sensitive' word or expression, or suggest a connection with government or local authorities, unless you get permission.  For example, to use 'Accredited' in your company's name, you need permission from the Department for Business, Energy and Industrial Strategy (BEIS).

    GOV.UK outlines which words you need permission to use, and who from.

    Protecting your business name

    You'll need to register your name as a trade mark if you want to stop people from trading under your business name.

    Also on this site
    How to register a trade mark
    Content category
    Starting a business

    Source URL

    /content/naming-your-business-partnership

    Links

  • Register your business partnership

    How to register a business partnership online, via post or by appointing someone else to deal with HMRC on your behalf

    You must register your partnership for Self Assessment with HM Revenue and Customs (HMRC) if you're the 'nominated partner'. This means you're responsible for sending the partnership tax return.

    The other partners need to register separately.

    Register a partner or partnership with HMRC.

    All partners also need to send their own tax returns as individuals - GOV.UK has further information on Self Assessment tax returns.

    HMRC registration deadlines for partnerships

    You must register by 5 October in your business's second tax year, or you could be charged a penalty. For example, if you started a partnership or became a partner during the 2021 to 2022 tax year, you must register before 5 October 2022.

    Other ways to register your partnership

    You can also register the partnership using HMRC form SA400 if you can't register online. You can register as a partner using form SA401.

    Registering for VAT

    You must also register for VAT if your VAT taxable turnover is more than £90,000. You can choose to register if it's below this, for example to reclaim VAT on business supplies.

    Another option is to appoint an agent to deal with HMRC on your behalf - GOV.UK provides guidance on what you need to do to appoint an agent to deal with HMRC on your behalf.

    Actions
    Register a partner or partnership with HMRC
    GOV.UK guidance on Self Assessment tax returns
    Register for VAT with GOV.UK
    Content category
    Starting a business

    Source URL

    /content/register-your-business-partnership

    Links

  • Checklist: set up a business partnership

    A handy checklist of steps you must take when you are initially setting up your business partnership

    To set up your business partnership properly, there are a few key questions to consider. Keep in mind that as your business develops, new legal and tax requirements may arise.

    How do I register my business partnership for self assessment with HMRC?

    To set up your tax and National Insurance records, you must register your partnership for Self Assessment with HM Revenue & Customs (HMRC). If your partnership is a limited liability partnership (LLP), both the business and the individual partners must be registered - see understanding Self Assessment and your tax return.

    Do I need to register my LLP with Companies House?

    If your business partnership is an LLP, you must register your business with Companies House - see starting a company or partnership.

    Do I need planning permission for my business?

    Obtain any planning permission that you may need from your local council - find your local council in Northern Ireland.

    What licences or permits do I need for my business?

    Your business may require specific licences or permits to operate legally. Use the licence finder tool to find out what licences or permits your business may require.

    Do I need to pay business rates, and how do I check?

    Contact the Land and Property Services to find out whether you need to pay business rates - see business rates: the basics.

    Do I need to register for VAT for my business?

    If your business expects an annual turnover of more than £85,000, you are required to register for VAT with HMRC. If your turnover is below this, you can still choose to register voluntarily - see registering for VAT.

    How do I register for PAYE if I have employees?

    If your partnership has employees, you must register for Pay As You Earn (PAYE) with HMRC - see registering and getting started with PAYE.

    How do I register for the Construction Industry Scheme (CIS)?

    If you're a contractor or subcontractor in the construction industry, you must register for the Construction Industry Scheme (CIS) with HMRC - see contractors and the Construction Industry Scheme.

    How do I set up a financial record-keeping system for my business?

    It’s essential to have a financial record-keeping system to manage your business finances - see set up a basic record-keeping system.

    Where should I include my business name on stationery?

    Make sure your business name appears on all official business stationery, including letters, invoices, receipts, and cheques - see name your business.

    How do I set payment terms with customers?

    Set clear terms and conditions for your customers, including specific invoice payment deadlines - see ensure customers pay you on time.

    What business insurance do I need, and how do I get it?

    Ensure all business insurance requirements are in place - see business insurance: the basics.

    Actions
    Register a partner or partnership with HMRC
    GOV.UK guidance on Self Assessment tax returns
    Register for VAT with GOV.UK
    Also on this site
    Checklist: set up a limited company
    Checklist: set up as a sole trader
    Content category
    Starting a business

    Source URL

    /content/checklist-set-business-partnership

    Links

Part of My New Business

Start your business checklist

Show all

Naming your business partnership

In this guide:

  • Setting up a business partnership

    Learn how to set up a business partnership, choose a nominated partner, and manage tax responsibilities.

    In a partnership, you and your partner (or partners) personally share responsibility for your business. This includes:

    • any losses your business makes
    • bills for things you buy for your business, like stock or equipment
    • sharing the business profits, with each partner paying tax on their share

    A partner doesn't have to be a person. For example, a limited company can also be a partner because it’s a ‘legal person’ - see set up a limited company.

    How to set up a partnership

    To set up a business partnership, you need to:

    • choose a name
    • choose a 'nominated partner'
    • register with HM Revenue and Customs (HMRC)

    Business partnership tax responsibilities

    Each partner is responsible for paying tax on their share of the business's profits. The 'nominated partner' is in charge of handling the partnership's tax returns and keeping business records.

    Differences between limited partnerships and LLPs

    There are different rules for limited partnerships and limited liability partnerships (LLPs):

    • limited partnerships - at least one partner has unlimited liability, while the other partners have limited liability.
    • limited liability partnerships (LLPs) - all partners are protected from personal losses beyond their investment in the business.

    See GOV.UK guidance on set up and run a limited liability partnership and set up and run a limited partnership.

    Also on this site
    Set up a limited company
    Content category
    Starting a business

    Source URL

    /content/setting-business-partnership

    Links

  • Naming your business partnership

    What you can and cannot name your business partnership in the UK, including words you need permission to use

    You can trade under your own names, or you can choose another name for your business. You don't need to register your name.

    You must include all the partners' names and the business name (if you have one) on official paperwork, for example invoices and letters.

    Rules for business partnership names

    Business partnership names must not:

    • include 'limited', 'Ltd', 'limited liability partnership, 'LLP', 'public limited company' or 'plc'
    • be offensive
    • be the same as an existing trade mark - see company name and trade mark checker

    Your name also can't contain a 'sensitive' word or expression, or suggest a connection with government or local authorities, unless you get permission.  For example, to use 'Accredited' in your company's name, you need permission from the Department for Business, Energy and Industrial Strategy (BEIS).

    GOV.UK outlines which words you need permission to use, and who from.

    Protecting your business name

    You'll need to register your name as a trade mark if you want to stop people from trading under your business name.

    Also on this site
    How to register a trade mark
    Content category
    Starting a business

    Source URL

    /content/naming-your-business-partnership

    Links

  • Register your business partnership

    How to register a business partnership online, via post or by appointing someone else to deal with HMRC on your behalf

    You must register your partnership for Self Assessment with HM Revenue and Customs (HMRC) if you're the 'nominated partner'. This means you're responsible for sending the partnership tax return.

    The other partners need to register separately.

    Register a partner or partnership with HMRC.

    All partners also need to send their own tax returns as individuals - GOV.UK has further information on Self Assessment tax returns.

    HMRC registration deadlines for partnerships

    You must register by 5 October in your business's second tax year, or you could be charged a penalty. For example, if you started a partnership or became a partner during the 2021 to 2022 tax year, you must register before 5 October 2022.

    Other ways to register your partnership

    You can also register the partnership using HMRC form SA400 if you can't register online. You can register as a partner using form SA401.

    Registering for VAT

    You must also register for VAT if your VAT taxable turnover is more than £90,000. You can choose to register if it's below this, for example to reclaim VAT on business supplies.

    Another option is to appoint an agent to deal with HMRC on your behalf - GOV.UK provides guidance on what you need to do to appoint an agent to deal with HMRC on your behalf.

    Actions
    Register a partner or partnership with HMRC
    GOV.UK guidance on Self Assessment tax returns
    Register for VAT with GOV.UK
    Content category
    Starting a business

    Source URL

    /content/register-your-business-partnership

    Links

  • Checklist: set up a business partnership

    A handy checklist of steps you must take when you are initially setting up your business partnership

    To set up your business partnership properly, there are a few key questions to consider. Keep in mind that as your business develops, new legal and tax requirements may arise.

    How do I register my business partnership for self assessment with HMRC?

    To set up your tax and National Insurance records, you must register your partnership for Self Assessment with HM Revenue & Customs (HMRC). If your partnership is a limited liability partnership (LLP), both the business and the individual partners must be registered - see understanding Self Assessment and your tax return.

    Do I need to register my LLP with Companies House?

    If your business partnership is an LLP, you must register your business with Companies House - see starting a company or partnership.

    Do I need planning permission for my business?

    Obtain any planning permission that you may need from your local council - find your local council in Northern Ireland.

    What licences or permits do I need for my business?

    Your business may require specific licences or permits to operate legally. Use the licence finder tool to find out what licences or permits your business may require.

    Do I need to pay business rates, and how do I check?

    Contact the Land and Property Services to find out whether you need to pay business rates - see business rates: the basics.

    Do I need to register for VAT for my business?

    If your business expects an annual turnover of more than £85,000, you are required to register for VAT with HMRC. If your turnover is below this, you can still choose to register voluntarily - see registering for VAT.

    How do I register for PAYE if I have employees?

    If your partnership has employees, you must register for Pay As You Earn (PAYE) with HMRC - see registering and getting started with PAYE.

    How do I register for the Construction Industry Scheme (CIS)?

    If you're a contractor or subcontractor in the construction industry, you must register for the Construction Industry Scheme (CIS) with HMRC - see contractors and the Construction Industry Scheme.

    How do I set up a financial record-keeping system for my business?

    It’s essential to have a financial record-keeping system to manage your business finances - see set up a basic record-keeping system.

    Where should I include my business name on stationery?

    Make sure your business name appears on all official business stationery, including letters, invoices, receipts, and cheques - see name your business.

    How do I set payment terms with customers?

    Set clear terms and conditions for your customers, including specific invoice payment deadlines - see ensure customers pay you on time.

    What business insurance do I need, and how do I get it?

    Ensure all business insurance requirements are in place - see business insurance: the basics.

    Actions
    Register a partner or partnership with HMRC
    GOV.UK guidance on Self Assessment tax returns
    Register for VAT with GOV.UK
    Also on this site
    Checklist: set up a limited company
    Checklist: set up as a sole trader
    Content category
    Starting a business

    Source URL

    /content/checklist-set-business-partnership

    Links

Part of My New Business

Start your business checklist

Show all

Set up a business partnership

Introduction

Part of My New Business

Start your business checklist

Show all

Starting a successful business as a young entrepreneur - Ruach Music (video)

In this guide:

  • Do you have the qualities to be a young entrepreneur?

    Find out if you have the skills and experience to become a young entrepreneur

    Before starting a business it's good to look at your personal qualities. Personal qualities such as persistence, energy, ambition, creativity and the ability to plan are important.

    Entrepreneurial skills

    As well as personal qualities you need a range of practical skills to run a business. This includes skills in:

    • business planning
    • finance and accounts
    • administrative tasks
    • marketing
    • product or service development

    You don't need to have all these skills before you start. Nor should you set out to be an expert in everything. However, you do need a basic understanding of the key business areas.

    • If you identify gaps in your skills, you can sign up for one of the many courses available from your local college of further education. The nidirect website provides a list of all local colleges.
    • Young Enterprise Northern Ireland (YENI) runs programmes to help young people develop entrepreneurial skills.
    • The Department for the Economy (DfE) provides Skills to Succeed courses that provide essential skills training, training programmes, apprenticeships, further education and foundation degrees - find out more about Skills to Succeed.

    Business experience and mentoring support

    You might feel a bit nervous about setting up a business if you have no previous work experience. If so, you can get mentoring help from organisations like The King's Trust. Their business mentors will work with you to help get your enterprise going, giving you both business and personal support. This will help you develop skills and self-confidence - see advice and support for young entrepreneurs.

    For further research and support when starting a business, see the following guidance:

    Watch a short video that looks at the reasons why starting a business might be right for you.

    Help
    Go Succeed
    Also on this site
    Ten steps to a successful start-up
    Step-by-step guide to starting a business
    Content category
    Starting a business

    Source URL

    /content/do-you-have-qualities-be-young-entrepreneur

    Links

  • Find and develop a business idea

    The first steps to finding and developing a business idea and the research you might need to undertake

    Find a business idea

    Every business develops from an initial idea. Ideas can range from spotting a gap in the market to coming up with a brand new product or service.

    You can become a business owner by buying a business. This can be a more secure way of starting out in business and a good way of getting the skills of running a business without going it alone - see buy a franchise.

    Develop your business idea

    Once you have decided on your business idea, you should consider taking the next steps to get your business started. This includes:

    Market research

    You need to be sure that your business can offer the market something different, better or cheaper.

    If you have an idea for a business, it is important to carry out market research. You can do this by reading market research reports, trade press and newspapers, and reviewing company records to find information on your competitors.

    Talking to family, friends, potential customers, potential suppliers, government, business agencies and advisers can also give you lots of useful information - see know your customers' needs.

    For more information see market research and market reports.

    Business Information Centre

    Invest Northern Ireland's Business Information Centre can provide a range of support, including help with market research. It has extensive market research and worldwide company directories that you can use.  Available information includes:

    • details of trade fairs
    • guidance on import/export procedures
    • funding sources
    • legal agreements

    Find out more about the Business Information Centre.

    Watch a short video that will help you develop your business idea.

    Help
    Go Succeed
    Also on this site
    Understand your customers' needs
    Market research and market reports
    Buy a franchise
    Content category
    Starting a business

    Source URL

    /content/find-and-develop-business-idea

    Links

  • Key challenges for young entrepreneurs

    The main challenges that young entrepreneurs may need to overcome from lack of experience to sourcing finance

    Starting a business is a challenge, but it's an achievable challenge.

    Financing your new business

    One of the biggest challenges for young people is finding finance, because often young entrepreneurs don't have a credit history or assets they can use for security. You will improve your chances of funding if you have a good business plan that will sell your idea for you - see how to write a business plan: step-by-step.

    You can approach banks, loan agencies and even venture capitalists with a good business plan. However, don't overlook financial support from family and friends, or alternative sources of finance such as crowdfunding.

    For further information, see business financing options - an overview.

    Creating a business plan

    It is essential to have a realistic, working business plan when you're starting a business. A business plan is a written document that describes a business, its objectives, its strategies, the market it is in and its financial forecasts. It has many functions, from securing external funding to measuring your business' success.

    For further information, see tailor your business plan to secure funding

    Business skills and mentoring advice

    Young entrepreneurs frequently need to develop their business skills. If this is the case, getting good advice and mentoring is vital. Advantage NI provides practical information and support to young entrepreneurs. You could also get expert advice from Advantage NI's online mentor service (registration required).

    For further information, see business mentoring in Northern Ireland.

    Help
    Go Succeed
    Also on this site
    Write a business plan: step-by-step
    Business financing options - an overview
    Content category
    Starting a business

    Source URL

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  • Advice and support for young entrepreneurs

    A list of support organisations, funding and advice available to young entrepreneurs

    Getting the right support is central to making your business a success. Don't wait until you have set up your business to ask for help. The planning stage is crucial and there is a lot of help available that is tailored to the needs of young entrepreneurs.

    1. Go Succeed

    Access free start-up business support from your local council. If you have a great idea but you're not sure how to turn it into a business, or you have already started out in business and require mentorship on your next steps, Go Succeed Start experts will help you to create a business plan, seek funding and put all the foundations in place to get your business up and running.

    Complete a short enquiry form or call 0800 027 0639 to register for this free advice and guidance.

    2. Shell LiveWIRE

    The Shell LiveWIRE Smarter Future Programme aims to support young, innovative entrepreneurs to meet the ever-increasing energy and resource needs of a fast-growing population.

    The award is open to any entrepreneur aged 16-30 who has been trading for less than a year, or is looking to start trading in the next 6 months, and has an idea that addresses the UK's future transport, energy, or natural resource challenges, or makes our urban environments cleaner and more sustainable places to work and live in.

    Find out more and apply now.

    3. AdvantageNI

    Advantage specialises in economic development and entrepreneurship for young people. The organisation works with clients in the public, private and not-for-profit sectors, applying their expertise to promote starting a business as a realistic and viable career option to young people aged 16-30.

    Through their programmes, they engage with 20,000 young people in Northern Ireland each year and can offer each one individual, bespoke information, advice and guidance on starting, running and growing a business.

    4.The King's Trust

    The King's Trust NI can help 18-30 year-olds who are unemployed or in part-time work and are interested in starting a business. You can apply to them for a low interest loan. The Trust also offers free legal advice and many other support services. Find out how the King's Trust can help you start your business.

    5. The SWEF Enterprise Fund

    The Community Foundation for Northern Ireland, in partnership with the SWEF Enterprise Fund, supports 18-30 year-olds to access investments they could not otherwise afford.
    Grants of up to £2,000 can be used for equipment, materials, product development, stock for a new product line and one-off costs. 

    Find out more and submit your application.

    6. Northern Ireland business support finder

    The Northern Ireland business support finder is a searchable database that can help you find publicly-funded and not-for-profit sources of business growth assistance you may be eligible to apply for. Support may be available in a number of forms, including financial assistance and free or subsidised advice services. Search the NI business support finder.

    7. My New Business

    My New Business is a free online service that covers everything you need to plan, start and run a business. It has videos and tools, plus other learning resources - like tutorials and case studies. All of them are aimed at helping people like you get your business started.

    It also includes checklists that cover everything from coming up with a strong business idea and developing it, to identifying and reaching your customers to turn that idea into a successful business. See My New Business.

    Help
    Go Succeed
    Also on this site
    How to start a business in Northern Ireland
    Northern Ireland business support finder
    Content category
    Starting a business

    Source URL

    /content/advice-and-support-young-entrepreneurs

    Links

  • Start a business: support for young entrepreneurs

    Starting a successful business as a young entrepreneur - Ruach Music (video)

    Stephen Henderson explains how combining his love of music and woodwork inspired him to start and grow a business

    Ruach Music is a music instrument manufacturer based in Kilkeel. Stephen Henderson, CEO of Ruach Music, explains how combining his love of music and woodwork has helped him to start and grow a successful business.

    Since launching his business, Stephen has developed an online shop and is now shipping his musical equipment throughout the UK.

    Here, Stephen discusses the advantages of being a young entrepreneur and shares his experiences of finding the right support to help him start his business.

    Case Study
    Stephen Henderson
    Content category
    Starting a business

    Source URL

    /content/starting-successful-business-young-entrepreneur-ruach-music-video

    Links

Business mentoring in Northern Ireland

In this guide:

  • What is business mentoring?

    Business mentoring is a supportive and guiding relationship that can be as informal or formal as you need it to be.

    Business mentoring is a relationship where an experienced person guides you, the entrepreneur, in running and improving your business. The business mentor offers advice, guidance and support to help you run and improve your business.

    Mentoring can involve face‑to‑face meetings, online discussions, or a combination of both. The format depends on what works best for both you and your mentor.

    Formal or informal mentoring?

    A mentor will likely stay in touch with you through meetings, phone calls, and emails.
    The mentoring relationship can vary from being casual, with monthly calls or informal visits, to being formal and structured, with set meeting agendas and business goals.

    Some mentoring services are free, while others are paid for or require a subscription. Not all mentors have to be formally established as such. Friends, family and business contacts can all become involved in unofficial mentoring.

    Actions
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  • How to find a business mentor

    Experienced business mentors can be found through local business networks and dedicated support organisations.

    Finding a mentor you trust and admire could be valuable for your business. Many experienced entrepreneurs are willing to offer their time for mentoring.

    Finding a business mentor

    • Mentoring is a great way to get ongoing business guidance and support, especially if you are looking for practical business advice from experienced entrepreneurs. You choose how formal or informal the process is, and it's usually free. There are many sources of business mentors, including those focused on local businesses, young entrepreneurs, or specific business sectors. For example, see business mentoring in Northern Ireland.
    • The Northern Ireland business support finder is a searchable database that can help you find publicly funded and not-for-profit sources of assistance to which you may be eligible to apply. Support includes free or subsidised advice and mentoring services.
    • Networking events can let you meet like-minded entrepreneurs. They can also help you build a relationship with a business mentor. See Northern Ireland business networks. You can use our Events Finder to find networking events in your local area.

    Other main providers of business mentoring services

    You can also find business mentors through:

    Further sources of advice

    The British Chambers of Commerce (BCC) network can point you towards business mentors with the skills and experience you need.

    If your business is in the creative or technology sectors, the National Endowment for Science Technology and the Arts (Nesta) may be able to recommend suitable mentors from its network.

    Find more information about Nesta, or call the Nesta Helpline on Tel 020 7438 2500.

    For further information see business mentoring in Northern Ireland.

    Also on this site
    Northern Ireland business networks
    Business networks and support for disabled entrepreneurs
    Content category
    Starting a business

    Source URL

    /content/how-find-business-mentor

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  • Benefits of mentoring

    Advantages of business mentoring can include building your network and helping your personal and professional development.

    If you have a gap in your knowledge or experience, then mentoring could work very well for you. For example, you may have a great idea for a business but need a bit of guidance to turn it into a successful venture.

    A mentor can provide you with a number of benefits, such as:

    • guidance on developing and improving your business
    • help with difficult decisions
    • ideas for new products or services, or ways of working
    • tips for your business that are gained from practical experience
    • access to a network of contacts with other people

    A business mentor can also help you to:

    • develop key business skills
    • identify your strengths and weaknesses
    • improve your problem-solving abilities
    • build confidence
    • achieve your goals
    • work on your personal development

    However, a business mentor won't sort out all your problems for you, tell you what to do or offer business advice. They don't act as consultants or take the place of any existing professional advisers.

    Also on this site
    Northern Ireland business networks
    Start a business from home
    Research and develop ideas, new products and services
    Northern Ireland business support finder
    Content category
    Starting a business

    Source URL

    /content/benefits-mentoring

    Links

  • Face-to-face business mentoring

    How to choose the business mentoring format that works for you if you prefer face-to-face meetings to online mentorship.

    If you choose to get involved in face-to-face business mentoring, mentor and mentee need to agree on:

    • the degree of involvement you want
    • the level of structure you want

    Degrees of mentor involvement

    You will need to agree on the degree of involvement that suits you both. Some mentors and mentees work extremely closely with each other, speaking or meeting most weeks or even most days. In most cases, however, a mentor will not have day-to-day involvement with the business. Instead, they'll provide help every few weeks or months which could take the form of phone calls, emails, meetings, etc.

    Level of mentoring structure

    You should also agree on a level of structure to suit you both. Mentoring can be a very formal and structured process with regular meetings which follow a specific agenda and set of goals. It can also be quite a casual arrangement, where the mentee calls on the mentor as and when problems or questions arise.

    Finding a face-to-face business mentor

    Local networking events can be an opportunity to connect with potential mentors and build business networks. See Northern Ireland business networks and use our Events Finder to find networking events happening near you.

    For more about mentoring services, see information for finding or becoming a business mentor.

    Actions
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    Also on this site
    Northern Ireland business networks
    Start a business from home
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    /content/face-face-business-mentoring

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  • Online business mentoring

    Online business mentoring lets mentors and mentees work together wherever they are located at times which suit.

    Online business mentoring is a remote relationship between a mentor and a mentee. Some mentoring relationships are only online. Others mix face-to-face and online contact.

    This type of mentoring is popular with people who prefer a more informal mentoring relationship. It also works well when mentors and mentees can't meet face to face, for example, due to geography.

    How online business mentoring works

    Business mentors use websites and dedicated mentoring apps that offer a searchable directory of online business mentoring services. The mentor applies to register as a mentor, is vetted by the provider, and then has their profile viewed by potential mentees.

    The mentee is then free to contact the mentor. Once this relationship is established, it can become a more formal mentoring relationship.

    Many mentoring platforms will let you search by topic or industry sector to find a mentor. You can also post a request and invite mentors to respond. This way, you can find those best placed to help you.

    Sources of online business mentoring

    Many online services offer business mentoring or networking. They target a specific sector, such as Freelance Advisor and Enterprise Nation. Young entrepreneurs can use Shell LiveWIRE. It is aimed at people aged 16 to 30 who are starting their own business. For more detailed information, see how to find a business mentor.

    Also on this site
    Northern Ireland business networks
    Start a business from home
    Northern Ireland business support finder
    Content category
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    Source URL

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  • Business mentoring and other types of business support

    Building on your business mentoring support through coaching, networking, peer mentoring and learning alliances.

    Using a business mentor is one way of helping you make the right decisions for your business, but there are other forms of support you could consider.

    These include:

    • coaching
    • peer mentoring and peer learning alliances
    • networking
    • professional advice

    Coaching

    Specific short-term business issues can be addressed through coaching which has similar elements as mentoring. There are many organisations that offer coaching services.

    Peer mentoring and peer learning alliances

    You can also get help or advice from people in a similar situation, such as people of a similar age or background. When setting up a business, this is likely to involve contacting someone who is also trying to set up a business and faces similar issues. Like business mentoring, this can be as formal or informal as you like.

    Networking

    The wider world of networking allows you to meet a range of business people. You can do this at a local level - by talking to other business people in your area - or at a much broader level, eg through social networking websites and professional networks such as LinkedIn.

    Sources of information about local networking groups or meetings are available from the NI Chamber of Commerce, business advisers or local trade associations.

    For more information see Northern Ireland business networks and search the Northern Ireland business support finder.

    Professional advice

    For tax and legal issues, it is important to seek professional advice - see choose and work with an accountant and

    Also on this site
    Networking for staff development
    Mentoring versus coaching
    Content category
    Starting a business

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  • How to become a business mentor

    Skills and experience you'll need to become a business mentor, including the ability to listen and empathise.

    If you already have plenty of business experience, you could consider offering your services as a mentor to other businesses. This can be a very rewarding way of passing on the benefits of your experience.

    As a mentor, your role is to support, develop, stimulate and challenge your mentee, whether they're just starting up in business or are already established and seeking guidance.

    You can mentor in a variety of ways, including online, face to face, by telephone, or as part of a discussion group. You can charge a fee for your services or offer free support.

    What you'll need to become a business mentor

    To mentor other business people effectively you need the right skills and experience. You should have:

    • the ability to listen and empathise
    • respect for other people's views
    • experience of the problems faced by small businesses
    • the ability to offer encouragement and sympathy
    • a supportive, hands-off approach that allows others to make their own decisions
    • a willingness to volunteer your time and skills

    You should also have a good, broad understanding of business. Many small businesses look for mentors who have expertise in particular areas or functions, such as:

    • finance
    • sales and marketing
    • public relations
    • strategy and planning
    • negotiation
    • operations
    Also on this site
    Northern Ireland business networks
    Northern Ireland business support finder
    Set up a mentoring programme
    Clarifying mentoring roles
    Content category
    Starting a business

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  • Business mentoring in Northern Ireland

    Information on organisations that provide mentoring opportunities for local businesses in Northern Ireland.

    Many organisations provide mentoring opportunities for local businesses in Northern Ireland.

    Local councils mentoring support

    They offer mentoring support for budding entrepreneurs and those who have already started their business. Find out more about the free advice and guidance available through Go Succeed.

    Enterprise NI mentoring support

    It offers mentoring support through its programmes. You can access this help through your local enterprise agency.

    Women in Business NI mentoring support

    It provides a specific mentoring programme. The network of mentors available comes from a range of business and professional backgrounds. Mentors can assist with career or business development through information, skills transfer, and network sharing.

    Invest NI mentoring support

    It offers business mentoring to help with company growth. This support is available to companies that meet Invest NI's eligibility criteria.

    Northern Ireland Business Support Finder

    The NI Business Support Finder is a searchable database. It can help you find publicly funded and not-for-profit sources of help you may be eligible for. Support includes free or subsidised advice and mentoring services - search for business support.

    Also on this site
    Northern Ireland business networks
    Key challenges for young entrepreneurs
    Content category
    Starting a business

    Source URL

    /content/business-mentoring-northern-ireland

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Diversifying our farm - Cavanagh Free Range Eggs (video)

In this guide:

  • What is farm diversification?

    What farm diversification means for your business and how to use your land, tools and expertise to drive business growth.

    Farm diversification is when a farm branches out from traditional farming by adding new money-making activities. This can be an expansion of agricultural activities into new innovations or moving into non-agricultural business types. 

    Diversifying your farm can involve anything, from launching pastured poultry or organic meat production to starting a bed and breakfast in the barn or setting up a farm shop or a local tourist attraction.

    Types of farm diversification

    When considering farm diversification opportunities, many farmers find it helpful to consider:

    • Underused resources - many farms have unused buildings and farm resources. Farms that successfully diversify are often able to put their existing farm assets to use. Making a list of your existing farm's underutilised resources is a useful first step in working out potential ideas.
    • Unfilled local demand - being able to meet local demand for a product or service that is not currently being met may offer an opportunity to broaden your farm's horizons into new business areas.
    • Existing skills and expertise - playing to your existing farming experience and knowledge increases your likelihood of success. It also makes it easier to make the transition from traditional farm to rural enterprise.
    • Area of interest - make a note of any business ideas that interest you. Following up on these means that you're more likely to put in the extra hours and effort required to make your rural enterprise a success.

    For further information see advantages of farm diversification.

    Actions
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    Rural Support
    CAFRE business support
    Ulster Farmers’ Union
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    Find new business opportunities
    Northern Ireland business support finder
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    Source URL

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  • Advantages of diversifying your farm

    Some of the benefits of adding new business ideas and income streams into your existing farm business

    If you diversify your farm into a broader rural enterprise, you're likely to grasp a range of benefits which you don't often find in a traditional farm.

    Top advantages of farm diversification

    Some of the main benefits of diversifying your farm business include:

    • Increased revenue - by taking on new activities, such as farm shops, holiday lets, or speciality crops, you and your family are likely to enjoy an increased farm income and a better quality of life.
    • Adaptability - branching out encourages you to be willing to change and look out for other opportunities. Adding a new activity will teach you what works for you and your farm. It will help you make further changes and respond to new opportunities.
    • Improved financial stability - by moving into new activities, farms can provide you and your family members with a long-term future and greater stability. By branching out, you will increase the number of revenue sources for your farm. This will make you less reliant on any one income source.
    • Preserving arming traditions - diversifying can provide you and your family with a means of carrying on your farming tradition. While the focus of diversifying may be on increasing income and securing a future, it can provide the means of subsidising and continuing the traditional activities that are valued and enjoyed.
    • Develop new skills - running a new venture will provide the opportunity to increase your skills and expand your network of business contacts. From management to marketing and finance to customer service, diversifying will develop your business flair.

    Realistic budgeting

    It's important to be realistic when budgeting. A common mistake is overestimating income and underestimating the costs of running a diversified business. To avoid this, be conservative in your estimates of potential earnings.

    Actions
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    Rural Support
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    Ulster Farmers’ Union
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    Source URL

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  • Farm diversification ideas

    Ideas to diversify your farm with tourism, livestock products, renewable energy and seasonal events to boost income.

    Farm diversification offers many ways to generate extra income from your farm. Farmers can use tourism opportunities, manufacture products or branch out from traditional crops.

    How to boost farm income

    Are you looking to boost your farm's income? Consider these diversified farming examples. These ideas can help increase revenue and sustainability on your farm.

    Alternative crops and renewable energy

    Farms can also move beyond traditional farming by exploring non-food crops and renewable energy:

    • Non-food crops - grow non-food crops such as industrial hemp or ornamental plants to get an alternative income through niche markets or specialised industries.
    • Renewable energy - solar panels, wind turbines or biomass systems on your land can support sustainable farming and generate extra income through energy production or government incentives.

    Events and hospitality

    Exploring leisure and hospitality on your farm can create new income and improve visitor experiences:

    • Experience days - run pick your own events for people to forage fruits or host arts and crafts workshops for the local community.
    • Adventure outings - organise adventure days where you can take a group of people on outdoor pursuits/survival days to boost their skills.
    • Provide tourist accommodation - if you have unused land, consider using it for camping. You could also provide glamping facilities, like teepees, treehouses, or huts.
    • Become an open farm/petting zoo - family farm day experiences are very popular, eg you can provide an opportunity for children to interact with animals and ride a tractor.
    • Use seasonal opportunities to open your farm to the public - piggy-back on seasonal opportunities throughout the year, eg Halloween pumpkin patch, Christmas wonderland, sunflower season and summer events.
    • Venue hire - revamp barns and hire them out as a wedding venue/party venue.
    • Leisure attractions - use scrubland, woodland or open country to create venues for activities such as paint balling, rope courses, mazes, off-road driving or mountain biking.
    • Festivals - farmland can be great venues for one-off music festivals, country fairs or other themed gatherings.

    Farm production and direct sales

    If you prefer a more conventional approach, you may want to consider direct sales:

    • Open a farm shop - sell produce from your farm and the local area, consider including a tearoom for visitors with home cooked food/baked goods from your farm.
    • Livestock products - invest in goats, cows, or chickens for your farm so you can produce and sell milk, cheese and eggs.
    • Crop products - consider growing and selling speciality flowers or vegetables that will attract the local community.

    You can use our tool to find inspiration for diversifying your farm business by searching for detailed business profiles for 600 small business ideas.

    Actions
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    Source URL

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  • Planning for farm diversification

    How to successfully plan the diversification of your farm through business planning, research, financing and marketing.

    Careful planning is essential to diversifying a traditional farm successfully. Write down your ideas and build your plan gradually. It will take time to develop your plan and it may need to be revised a number of times before you are satisfied with it.

    How to make a plan to diversify your farm business

    The key steps involved in farm diversification are:

    • Identifying an idea that will work for you. You will need to research your local market and ensure that your idea is viable. Invest Northern Ireland's Business Information Centre can provide market information on your potential idea.
    • Shaping a suitable business plan. Planning is essential to your success and will be critical to obtaining financial support - see how to write a business plan: step-by-step.
    • Working out how much is required to finance the idea and how to ensure it is secured - see business financing options - an overview.
    • Working out what is involved in producing and delivering the new product or service from your rural enterprise.
    • Working out how you will market and sell your product/service - see how to create your marketing strategy.
    • Ensuring you meet any legal requirements.
    • Get training to build up your understanding of what is involved in running your own rural business.

    There are several practical things you can do. It is worth spending time talking through your idea with friends and family and also with your local business adviser, your accountant and your local Department of Agriculture, Environment and Rural Affairs (DAERA) rural adviser.

    Gathering as much feedback as possible can help to shape your plan and test how feasible your initial idea is.

    Actions
    DAERA rural development support
    Rural Support
    CAFRE business support
    Ulster Farmers’ Union
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    Find new business opportunities
    Write a business plan: step-by-step
    Northern Ireland business support finder
    Content category
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    Source URL

    /content/planning-farm-diversification

    Links

  • Advice and support for diversifying your farm

    Find local organisations which provide advice and support for the expansion or diversification of your farm business.

    You will find it helpful to get as much advice as possible as you develop your plans to diversify your farm. Specialist advice on diversifying is available in Northern Ireland from farming experts.

    Department of Agriculture, Environment & Rural Affairs (DAERA)

    The Department of Agriculture, Environment & Rural Affairs (DAERA) advisers can offer advice on your rural business idea, sources of finance and how to manage the transition from traditional farm to rural enterprise. DAERA's organic experts can also advise on all aspects of switching from traditional to organic production.

    Rural Support

    Rural Support can offer independent support from a business mentor to help farming families tackle farm business issues such as finance/debt and business decisions regarding the future - find out more about their On Farm Business Support.

    The Ulster Farmers' Union

    The Ulster Farmers' Union has 11,500 local members and represents the wide range of interests of farmers - find out more about the Ulster Farmers' Union.

    Training opportunities for farmers

    You might need to supplement your existing skills with some additional training:

    Northern Ireland Business support finder

    Advice and support towards setting up your business can be found from a number of organisations. The Northern Ireland business support finder is a searchable database that can help you find publicly-funded and not-for-profit sources of business assistance you may be eligible to apply for. Support may be available in a number of forms, including financial assistance and free or subsidised advice services.

    Enterprise Northern Ireland

    Enterprise Northern Ireland has a network of local Enterprise Agencies. These support small businesses and community enterprises. They provide:

    • information on government help for small businesses
    • professional advisers
    • low-cost loans, grant aid and other finance
    • support for small businesses that are acquiring new information technologies
    • support for business growth and development
    • industrial and office space

    Find out more about Enterprise NI and search for your local Enterprise Agency.

    You may also need specialist advice, such as help with legal issues or managing finances - find a solicitor for your business.

    Actions
    DAERA rural development support
    Rural Support
    CAFRE business support
    Ulster Farmers' Union
    Also on this site
    Find new business opportunities
    Northern Ireland business support finder
    Content category
    Starting a business

    Source URL

    /content/advice-and-support-diversifying-your-farm

    Links

  • Diversify your farm business

    Diversifying our farm - Cavanagh Free Range Eggs (video)

    Farm diversification example with Cavanagh Free Range Eggs, who successfully diversified their farm to create a business

    John and Eileen Hall, owners of Cavanagh Free Range Eggs, explain how they successfully diversified their farm to create and grow a business.

    Cavanagh Free Range Eggs in County Fermanagh supplies free range eggs to retail outlets, hotels and restaurants across Northern Ireland.

    Here, John and Eileen discuss how they planned and took forward their idea. They also highlight the importance of listening to customer feedback, following legislation and marketing their business.

    Case Study
    Eileen Hall
    Content category
    Starting a business

    Source URL

    /content/diversifying-our-farm-cavanagh-free-range-eggs-video

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Seven tips for starting a business from home

In this guide:

  • Advantages and disadvantages of starting a business from home

    An overview of the benefits and drawbacks of deciding to start your own business as a home-based enterprise

    Becoming a home-based business owner is an option if you don't actually need to run your business from rented or owned business premises.

    Home business, work from home, and home-based entrepreneurship are popular choices for people who just need a small office or who spend most of their time working on their clients' premises.

    However, working from home may not be an option if it significantly changes the use of your home, or affects your local area, for example if you have lots of visitors. If you rent your home, your licence or lease may include restrictions on using it for business purposes.

    Advantages of starting a business from home

    Some of the main advantages of a home-based business are:

    • lower costs - you do not have a sizeable expenditure on office rental or office purchase
    • time efficiency - you can save time and money by cutting your commute
    • flexible schedule - you can be flexible around the hours you work
    • fewer workplace distractions - you can avoid the distractions and noise of the workplace
    • reduced financial risks - you are taking less of a risk with your new business as less start-up money is required
    • tax savings - working from home can help you save money on tax

    Your business will be able to claim tax relief on domestic bills for the areas of the house used for your business.  If your business is VAT registered, you may be able to claim back VAT on articles you buy for business use.

    Disadvantages of starting a business from home

    The disadvantages of a home-based business can be:

    • blurring work-life boundaries- it may prove difficult to keep work and home-life separate, and there may be domestic distractions and interruptions
    • limited interaction - a lack of contact with other people and businesses
    • long hours - you might end up working long hours
    • isolation - you may feel a sense of isolation if you are working alone at home with few social interactions on a day-to-day basis
    • impact on home finances - your mortgage, home insurance and tax situation may be affected. See how to use your home as a workplace

    Addressing the disadvantages

    It is important to keep your home and work life separate, especially if you have a family. There are simple steps you can take to make this separation - see workspace for a home-based business.

    If you are feeling isolated from other people, our events finder can help you find information on local networking events in your area - search our Events Finder tool.

    You can also get involved in online networking - see Northern Ireland business networks and social media best practice for business.

    Actions
    Invest NI support for business
    Also on this site
    Networking for staff development
    My New Business
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    Starting a business

    Source URL

    /content/advantages-and-disadvantages-starting-business-home

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  • Popular home-based business ideas

    How to find the right home business idea which can work for you and inspire your entrepreneurial dreams

    If you don't have a home business idea yet, ask yourself some questions:

    • Is there a gap in the market? Have you tried to buy something that you just can't find? In this case, others may be looking for that product too.
    • What is my passion/skill/hobby? Can you find a way of making a living from it?
    • Can I do something better? Have you seen someone offer a product or service that you think you can offer better yourself?

    Popular business ideas that you can start from home

    Consider opportunities in your local area for services such as:

    • childcare
    • tutoring
    • translation services
    • editorial services
    • dog walking
    • alteration services

    Other popular home-based business ideas include:

    • accountants
    • arts and craft makers
    • bed and breakfast facilities
    • business coaching
    • caterers
    • consultants
    • creating an online shop
    • pet grooming
    • public relations services
    • publishers
    • virtual assistants who provide professional assistance to clients from a home office
    • website designers
    • writing/blogging

    Working 'five to nine'

    You may want to consider starting a business whilst in full or part-time employment, using the evenings and weekends to build your business - see start a part-time business.

    Watch a short video that will help you develop your business idea.

    Actions
    British Library Business & IP Centre
    Invest NI support for business
    Also on this site
    Find and develop a business idea
    Write a business plan: step-by-step
    Research and develop ideas, new products and services
    Buy a franchise
    Content category
    Starting a business

    Source URL

    /content/popular-home-based-business-ideas

    Links

  • Start-up costs and financing your home-based business

    The most common costs to plan for when starting a business from home and options for financing your initial setup

    If you are looking for some extra funds to start up a home-based business, there are various options to consider.

    For more information, see: 

    Initial costs for a home business

    You will need to buy, lease or rent the equipment for your home office and any materials you need for the service you are supplying - see decide whether to lease or buy assets.

    Finding and keeping in touch with customers is a major issue, so investing in a good computer with relevant software and a broadband connection will be a priority in most cases.

    The most common costs to consider when starting out are:

    • computer or laptop
    • reliable broadband access
    • mobile phone
    • an ergonomic office desk and chair
    • business cards
    • branding merchandising
    • printed materials
    • stock for products you supply
    • packaging materials

    Save on software costs

    When you are factoring software packages into your start-up costs, take a look at the much cheaper or even free options - open-source software such as OpenOffice and Google Docs.

    For more information, see computer software for business and IT for home-based businesses.

    Read further information on managing business finance during the start-up phase.

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    Business financing options - an overview
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  • Record keeping for a home-based business

    Business records you need to keep for your home-based business and tips for getting your record-keeping right

    It is vital to keep full and accurate records of your income and expenses from the start. Keeping records makes sound business sense and is a legal requirement. So, it is important to get a proper system in place from the outset, and update the information regularly.

    Advantages of good record-keeping for home businesses

    Keeping good records helps you:

    • complete your tax returns more easily and quickly
    • pay the right tax at the right time
    • avoid paying unnecessary interest and penalties

    You should keep invoices and receipts to show what you have bought or sold relating to your business.

    If you are employing others, you must keep records of their wages and tax, and National Insurance you have deducted and paid to HM Revenue & Customs (HMRC).

    Keeping bank statements and building society books is vital, especially if you don't have a separate business account. You should be able to show clearly what you have spent personally and what is spent on business. If you use cash, you will need till receipts and a record book to keep track of it all.

    If you are using part of your home for business, then you should keep copies of the utility bills so that you can work out the amount spent in relation to your business.

    If you have an accountant, you might want to get their advice on what system suits your business and on how to keep your records up to date.

    Keeping records is important as you can be penalised for not taking reasonable care with records and tax returns. HMRC provide information about taking reasonable care and how to avoid tax penalties.

    For further information on record-keeping see:

    Actions
    HMRC record-keeping information
    Invest NI support for business
    Content category
    Starting a business

    Source URL

    /content/record-keeping-home-based-business

    Links

  • IT for home-based business start-ups

    Getting your home business IT investment right to ensure an engaging and secure customer-facing online presence

    The home business owner depends on technology - to find and keep customers and to keep in touch with suppliers, partners and contacts.

    Email and the internet offer simple and effective methods of customer care and management, while information technology (IT) can help you with almost every aspect of your business.

    For more information, see the benefits of email and the internet.

    The benefits of a website for a home business

    Websites have become a must-have marketing tool for most businesses. Websites are good for:

    • attracting sales
    • branding your product or service
    • keeping in touch with customers through email updates

    You might want to start by using an 'off the shelf' template site. These can come with in-built payment systems for selling online and search engine optimisation (SEO) for pushing your site higher up in online search result.

    For more information see search engine optimisation.

    If you are thinking of selling products online, remember that you can also do this through existing auction websites.

    Online networking and social media for home businesses

    You can use social media like Twitter and LinkedIn to keep in touch with other business owners. This will alert you to business development opportunities and help overcome any feelings of isolation you experience as a home business owner. For more information, read social media best practice for business and Northern Ireland business networks.

    Working away from home

    IT doesn't just allow you to build a professional office at home - it enables you to work on the move. Technology such as WiFi, USB dongles, smartphones and video conferencing apps means that you can work wherever you want - see mobile technology.

    Cloud computing provides businesses with a way of managing data and software requirements over the internet - 'in the cloud'. This makes your business information accessible from any computer or mobile device with an internet connection and web browser. Cloud computing can provide a cost effective and flexible solution to your IT requirements - see cloud computing.

    Actions
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    Northern Ireland business networks
    Set up a small business website
    Content marketing
    Content category
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  • Workspace for a home-based business

    Work equipment and workspace requirements, planning permission and questions to ask yourself

    It is important to create a dedicated workspace. It allows you to work without distraction and close the door on work at the end of the day.

    Workspace priorities in the home

    The area that you use for work should ideally be clearly marked as such. A spare room with a lockable door or an outbuilding are popular choices enabling home business owners to:

    • deal with clients in a professional manner
    • resist demands from other members of the household
    • keep work equipment separate from home equipment and therefore protected

    Allocating part of your house as a workplace can have tax and insurance implications - see tax considerations of working from home.

    You can create a space to call your own by:

    • using office equipment in a general area of the house and putting it away when not in use
    • housing your workstation in a cupboard, wardrobe or under-stair space with lockable shutters or doors

    Work equipment and workstation set-up

    When setting up your work area:

    • your chair and desk should be fully adjustable and suited for computer use
    • your desk should be big enough for your computer, keyboard and monitor
    • use storage to keep office free of clutter
    • when sitting at your desk, keep your feet flat on the floor and your back straight - the top of your monitor should be at eye level

    For more information see how to use your home as a workplace.

    You must carry out a health and safety risk assessment on your workspace - see manage the risks in your business.

    Home business and planning permission

    If you are making substantial changes to your home to accommodate your business you should contact your local council to find out whether you will need planning permission to work from home.

    Set up a virtual office

    If you need to see clients for your business but you still want to run your business from home, a possible solution is using a virtual office. Watch the following short video to help you decide if a virtual office could work for your business.

    Actions
    Planning permission
    Invest NI support for business
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    Use your home as a workplace
    Workplace welfare facilities and healthy working environment
    Content category
    Starting a business

    Source URL

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  • Running your home-based business

    How to keep your home business running smoothly with business development, customer care and administration

    Managing your business properly will improve your chances of success and prepare you to grow your business.

    Developing relationships from a home-based business

    The more you communicate with customers, suppliers and other entrepreneurs, the more business opportunities you will identify. Consider the following:

    Cashflow for home businesses

    Cashflow is the lifeblood of every business. You should do all you can to ensure that money owed is coming into the business. You can ensure prompt payment by issuing invoices on time and having a system in place to alert you to non-payment - see cashflow management and getting paid on time.

    Actions
    Invest NI support for business
    Also on this site
    Cashflow management
    Credit checking your customers and setting credit limits
    Plan your business IT systems
    Content category
    Starting a business

    Source URL

    /content/running-your-home-based-business

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  • Support for home-based businesses

    Support organisations, online resources and networking events can provide support for home-based businesses

    A wide range of help is available to you if you're starting a business from home. You can get help from a variety of local organisations, government agencies and online sources. Other forms of support can be obtained from events such as networking meetings and business workshops.

    Home business support includes:

    • Go Succeed Start experts in your local council will help you to create a business plan, seek funding and put all the foundations in place to get your business up and running - complete a short enquiry form or call 0800 027 0639 to register for this free advice and guidance.
    • The Northern Ireland Business Support Finder is a searchable database that can help you find publicly-funded and not-for-profit sources of assistance you may be eligible to apply for. Support may be available in a number of forms, including financial assistance and free or subsidised advice services - search for business support and finance.
    • Invest NI's regional office network offers training and advisory services to those starting up in business - see Invest NI business support opportunities.
    • Enterprise NI is a network of local enterprise agencies that offers key assistance to your business, whether you are already established or just starting up - find your local enterprise agency.
    • Mentoring can help you develop business skills. Building a relationship with a mentor can have a positive effect on your business, whether you are just starting up or are already established. A mentor can help you develop important business skills, support you in making important decisions and put you in touch with useful business contacts - see the benefits of business mentoring.
    • Northern Ireland Chamber of Commerce offers support and advice and may organise networking meetings for businesses of a similar size and in similar business sectors.
    • Our Events Finder tool can help you to find a range of networking events and workshops in your local area - search the Events Finder.
    • Social media channels like Twitter and LinkedIn can alert you to business development opportunities and help you overcome any feelings of isolation you experience as a home business owner - see social media platforms.

    My New Business

    My New Business is a free online service that covers everything you need to plan, start and run a business. It has videos and tools, plus other learning resources - like tutorials and case studies. All of them are aimed at helping people like you get your business started.

    It also includes checklists that cover everything from coming up with a strong business idea and developing it, to identifying and reaching your customers to turn that idea into a successful business - see My New Business.

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  • Growth options for a home-based business

    How to manage the growth of your home business by employing people, outsourcing and meeting spaces

    When it comes to growing your business, one popular option is to focus on what you do best and outsource the rest.

    Employing staff

    If you are thinking of employing people, you need to determine their employment status, for example whether you will treat them as employees, contractors or sub-contractors, or simply 'volunteer' family and friends - see recruiting staff.

    If you employ someone, you will have extra responsibilities relating to health and safety - for more information read what you need to do about health and safety.

    Outsourcing

    You can grow your business without increasing headcount or expanding your premises, by outsourcing, for example:

    • accounts
    • administration
    • telemarketing - for generating leads
    • PR
    • design and copywriting

    For more information, see outsourcing.

    Meeting spaces

    As your business grows, you may find that your home is no longer suitable for all your business needs. Remember that you can rent managed workspace and meeting facilities for occasional use through business centres. These can be found in central locations in many towns across the United Kingdom.

    For further information on business growth see:

    Go Succeed Grow

    If your business is already established and is now ready to expand, but you're not sure how to progress, Go Succeed Grow experts in your local council will provide tailored support to help shorten the journey to business growth.

    Complete a short enquiry form or call 0800 027 0639 to register for this free advice and guidance.

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  • Seven tips for starting a business from home

    Starting a business from home is a popular option for many businesses - here are some tips to help you get started

    Starting a business from home is a popular option for many businesses. Generally, the costs will be lower, you can avoid travel expenses and you have the freedom and flexibility to work the hours you choose in an environment that you create yourself. These tips highlight things to consider when setting up your home business:

    1. Start-up costs

    You will need to buy, lease or rent the equipment for your home office and any materials you need for the service you are supplying. Common costs include a computer/laptop, broadband access, mobile phone, desk/chair, business cards and stock if you are supplying products.

    2. Workspace

    It is important to create a dedicated workspace. It allows you to work without distraction and close the door on work at the end of the day. It will also allow you to deal with clients in a professional manner, resist demands from other members of the household and keep work equipment separate from home equipment. You must also carry out a health and safety risk assessment to identify any possible hazards to yourself, workers, visitors and other members of your household.

    3. Planning permission

    If running your business from home means that the use of the building changes, or the activities that you undertake have an effect on the area where you live, you may need to apply for planning permission from your local council. For example, changes could include increased traffic near your property caused by your business operations or the need to make structural alterations to your home.

    4. Tax considerations

    Working from home can affect your tax situation. Your business will be able to claim tax relief on domestic bills for the areas of the house used for your business. If your business is VAT registered, you may be able to claim back VAT on articles you buy for business use. If you have set aside a room solely for working in, you'll have to work out if there's Capital Gains Tax to pay if you sell your house.

    5. IT requirements

    Many home business owners depend on technology to keep in touch with suppliers, partners and contacts. Access to email and the internet will support you with these activities.

    6. Record keeping

    Keeping accurate records is important as you may incur penalties for not taking reasonable care with records and tax returns.  Keep invoices and receipts to show what you have bought or sold relating to your business. If you are employing others, you must keep records of their wages, tax and National Insurance you have deducted and paid to HM Revenue & Customs (HMRC). Keeping bank statements and building society books is vital, especially if you don't have a separate business account.

    7. Networking

    Online networking allows you to build and maintain business relationships. You can use social media platforms like Twitter and LinkedIn to keep in touch with other business owners and identify new customers. This will alert you to business development opportunities and help overcome any feelings of isolation you may experience as a home business owner.

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