Sometimes the 9-5 just doesn’t cut it for you, and following other people’s orders to earn them the lion’s share of the profits doesn’t either. If this sound familiar, then it may be time to strike out on your own and go self-employed. Something you can find out how to do in the post below.
Imagine your perfect job
The first thing to do when considering making a move to self-employment is to have a good old think. What you need to think about in particular is what your perfect job would look like. This means not only the actual tasks that you will be performing but the environments you will be working in, as well as the people you will work with.
After all, many freelance and consultant positions involve you going in to work with already established companies and their teams, and even more practical freelance jobs will require you to converse with clients, and they may also be present while you complete work on their property.
Remember, here that if the whole is as spot on as possible, you are much more likely to pick an opportunity that will suit you for the long term.
Sort those finances
One part of being self-employed that freaks a lot of people out is the financial side of things. Mainly, folks worry that they will not have enough money to pay their bills if something goes wrong or if they cant get as much regular work as they are predicting.
Of course, the way to deal with this is to save up a nest egg on which you can fall back if times do get hard. Also, it is worth mentioning here that if you are choosing to go self-employed because you suffered an injury in your last job, you may be in a stronger financial position.
The reason for this being that you can use a professional legal team like the ones at The Specter Partnership to make a compensation claim against your previous employer. Then use the money you received to as safety net for striking out on your own.
Inform the tax man
Self-employed people need to register as sole traders with the HMRC. This isn’t too hard to do either, as it can pretty much be all done online now.
What it does mean though, is that you are responsible for filing your tax return each year and then paying your tax and national insurance at the correct time, because an employer is not doing this for you.
Get some invoicing, diary, and budgeting software
<iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/VUwI0VELXrM” frameborder=”0″ allow=”autoplay; encrypted-media” allowfullscreen></iframe>
Lastly, as a self-employed person, you can make your life heaps easier by purchasing the right software to help you. After all, invoicing, diary, and budgeting software can help you know where you are with each aspect of your business at all times. They can also save you time on the admin side of things, something that frees you up to dedicate your time to other crucial aspects of running your business.