Small Business Advice

Becoming self-employed

04 Aug 2014

Business tips for self employment

If you’re considering taking the plunge or perhaps being pushed, here are some top tips on preparing for self-employment:

  • Get organised - Make computer files, buy some fancy stationery and set up a spreadsheet to help with finances. Be strict about saving receipts and invoices and make time for admin. Tackle the tax head on!
  • Go on courses - If you’re being made redundant you’re entitled to some support and retraining. Go on some courses to learn your new trade, get your CV up to date and in line with current trends. I review and update my CV every month to make sure it’s bang up to date.
  • Research your field and competitors - Read blogs like this one and books about what other freelancers do. There are loads of great sites like https://enhancv.com/resume-examples/ which offer great advice.
  • Get networking - Check in with your current contacts but make new ones by going to networking meetings. Try Meetup or Eventbrite for events in your area and join in with social media. I’ve picked up invaluable contacts and even work through Twitter. Just make sure you don’t don’t too much time on social media when you should be working!
  • Look to the future - Always look around for the next project even when you’re busy. Review progress and write plans and targets. Every now and then I jot down loads of ideas for drumming up business on a big piece of paper. I put it all down, no matter how out of reach the ideas seem. Some come to fruition and some are just ideas but it helps me focus. 
If you are about to set up your own business, good accountancy advice and services are really important. We provide a range of online, cost effective accounts and tax services designed specifically for self employed business people - call or email us or take 30 seconds to get an immediate online quote using the button on this page - you won't regret it!

Keir Wright-Whyte

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Managing Director

0207 043 4000

About the author

Originally graduating with a degree in geography from Edinburgh University, Keir claims that he was then tricked into becoming an accountant by one of the UK's top 5 accountancy practices.The deception extended to the usual training in audit and associated activities.

Keir subsequently worked in a number of advisory roles with clients including in the energy trading, pharmaceuticals and financial services sectors.

He loves working at Accounts & Legal because of the variety of work and clients, the excellent team ethos and morale, the importance placed on genuinely helping and being useful for clients and because he believes what he does matters to clients and helps the firm.

Keir's primary role is to ensure that new clients with complex businesses or needs are on-boarded in the best way and he is a "trouble shooter" both for clients and where complex issues arise internally. He also helps the accounting teams strive to improve what we do for clients, whether processes or services.

When not debiting or crediting, Keir has a penchant for fixing old buildings, skiing, surfing and cycling.

  

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