I’ve been unemployed for a long time. I’ve had a part-time job, I’ve done tons of voluntary work and all that jazz. In that time I rarely thought about starting my own business and when I did my conclusion was no way. I don’t have the discipline, the hours are too long and all the legal and tax business as well. I’d definitely screw it up, it’s all too much.
Yet here I am, with my own business and it’s actually not that bad. I’m actually really enjoying it. Furthermore, it’s not any of the things I feared.
- Because I work for myself – I can do what I want, I make the decisions about what I make and I do what I like/love doing. This means I’m much more motivated so do the work, much more disciplined.
- The hours really aren’t that long, because I can choose when I work and for how long. Of course there are certain things that have deadlines but if I don’t feel well Monday, I just work a different day instead. Sure I do have long days sometimes, but in return it does offer a certain flexibility.
- As for the legal stuff – you just need to get out there and get the information. Register with the the tax office – simple form once you find it. Tax return – not a problem, especially when your not earning enough to have to do an itemised tax return or to need to pay any tax. Last but not least – insurance. Which isn’t that badly priced, considering it covers your butt.
There’s a few other things that one needs – terms of service for example.
Another thing is having the money to start up – but depending on what kind of business do you want to start, it doesn’t cost a lot. I just get a few supplies each time I get paid. If I remember rightly, the first bits I brought cost me £10 (ish) – but to be honest, I then hadn’t found the best places to buy my supplies – now I get a lot more for £10 than I did a few months back.
What has helped me most are other small business owners, particularly the members of e-commerce-forum.co.uk. It really does help to have good people around you.
Speaking of good people – support from friends and family has been great too.
I’m still looking for a full-time job – since my business is relatively new but if you’re in a similar position to me and starting your own business scares you – take it from me, it’s really not that bad.
So, if you were to start your own business – what would it be?