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Self employment, any ideas?
Ninehigh - 2/4/12 at 08:49 AM

Since there's no jobs out there anymore that don't sound like I'm never going to get paid, I ache to be self employed (I AM the best boss I ever had, I never screwed me over)

Just what do I do? I'm barely qualified to speak english and my startup budget is about £2 and all the ink in the printer.

Any ideas?


pewe - 2/4/12 at 09:13 AM

RepRap machines look tempting for a locoster - just needs a bit of tech kit (incl. your printer) and off you go.
Low start-up costs, ability to produce virtually anything - think classic car parts etc. and a new area so not as yet heavily oversubscribed.
HTH - just count me in for 10%!
Cheers, Pewe10


Davegtst - 2/4/12 at 09:13 AM

In what field do you want to be self employed? It's easy enough to start up, all you need to do is fill in a few forms from the hmrc website, give your company a name and away you go. Don't think it's easy though. I've been self employed for about 2 years now and i'm still not quite used to different ammounts of money each month and no holiday pay.


Ninehigh - 2/4/12 at 09:14 AM

Who are they?


cliftyhanger - 2/4/12 at 09:25 AM

Tis the season of lawnmowing/gardening. Get some leaflets printed, one lawnmower and a few hand tools and off you go.....
Alternatively window cleaning is lowish startup. Both can mean good money, though the garden stuff is seasonal, and windows weather dependant. But I KNOW windowcleaners make well over £20 per hour round our way. Probably about 40K/year looking at the lifestyle of a couple I know of.

In fact, simple painting etc will earn decent money, I know a few who work mainly on rental type places, straightforward, not top quality stuff. Even better if you will do exteriors....

[Edited on 2/4/12 by cliftyhanger]


RK - 2/4/12 at 12:29 PM

Can I suggest, having been successfully self employed for over 13 years, the following:

1. Keep track of what comes in, and what goes out
2. Do not pay yourself until you have the money to do so
3. If someone else in the family works, they take the pressure off
4. Keep money aside for income taxes

Many people follow this "pay yourself first" rule of thumb, which I believe was started by the banks. Need i say more? Often, these people drive along, fat, dumb, and happy, while their business sinks.


Ninehigh - 2/4/12 at 12:29 PM

quote:
Originally posted by Davegtst
In what field do you want to be self employed?


To be quite honest that criteria is pretty much the same as the jobs I'm going for now. "If I can physically and morally do it..."

[Edited on 2/4/12 by Ninehigh]


Ninehigh - 2/4/12 at 01:11 PM

quote:
Originally posted by pewe
RepRap machines look tempting for a locoster


Seriously who are they? All I can find is something about a £965 class...


D Beddows - 2/4/12 at 03:14 PM

lol, it's 3D printing probably actualy a decent thing to get into in as it has huge potential and is in it's infancy..........NOT locost in terms of setup tho!


daviep - 2/4/12 at 03:46 PM

quote:
Originally posted by Ninehigh
quote:
Originally posted by pewe
RepRap machines look tempting for a locoster


Seriously who are they? All I can find is something about a £965 class...


Seriously if you cannot suss that out on your own then it doesn't bode well for you managing to go it alone


Ninehigh - 2/4/12 at 04:43 PM

Yeah I was just making sure I was looking at the right thing. Like I say my budget's about £2...

[Edited on 2/4/12 by Ninehigh]


I predict a Riot - 2/4/12 at 10:13 PM

Stacks of things you can do:-

Gardener,

Valeting,

Dog walking,

Decorating,

Catering,

Pimp!

Try and find an outlet to relate to the skills you already have.

I've been self employed for eight years - just keep a careful eye on the paperwork and cash flow, it's what kills most young start ups. Or do as I did - marry an accountant!!!

Good luck


Ninehigh - 3/4/12 at 06:34 AM

quote:
Originally posted by I predict a Riot
Stacks of things you can do:-

Gardener,

Valeting,

Dog walking,

Decorating,

Catering,

Pimp!

Try and find an outlet to relate to the skills you already have.

I've been self employed for eight years - just keep a careful eye on the paperwork and cash flow, it's what kills most young start ups. Or do as I did - marry an accountant!!!

Good luck


Dog walking sounds like a plan, I do that daily anyway!