It’s taken commitment, guts and talent to create something out of nothing. And that’s something to celebrate! But the self-employment path is littered with challenges. Things like market conditions, competition, and supply and demand remain outside our control. But often it’s the things we can actually control that we’re guilty of unintentionally sabotaging. Maybe it’s […]
Employed and self-employed – What tax will I pay?
You’re currently employed but want to start up a business as a sideline either because you are transitioning from a hobby or you’re keen to supplement your income. Either way, you’re ready to take the leap but haven’t quite got your head around the tax side of things. Am I right? The first thing to […]
Pricing your product or service – 3 common pitfalls to avoid
Pricing your product or service can be so tricky. There’s your goal – to build a profitable, sustainable business. At the same time you’re working at making yourself both affordable and accessible to customers who value your product or service. But, at times, do you wonder whether you’ve got it right? If your price is too […]
Is there an easier way to prepare sole trader accounts?
As sole traders we dream of spending each working day immersed in the things that made us set up our business in the first place – making a product or selling a service. We didn’t dream about the tedious, demoralising and sometimes overly complex chores that come part and parcel of the self-employment package. Frequently, the easier option is just […]
Hobby business or self-employed? Why it’s important to understand the difference
You’ve been employed or you’re working part-time. Either way you’ve had that niggling inclination to re-invent yourself, to indulge your passion in doing something creative or have a go at doing something completely new. You start selling on Etsy, take a few portrait photographs for friends, design some jewellery – you ‘re loving being able […]