Monday, 31 March 2014

BE YOUR OWN BOSS lecture notes



Being self employed 

Independence, making a business plan- a away to explore ideas on paper. It's a story of your business.
Register with tax office HRMC. Money to start and run the business, 
TAX, register after you start your business, not before. 3 months to register once you've started. Class 2 a national insurance, do your tax return before 31st March and keep records, or find a book keeper. 
Know who your customers are ad where they are. How do you reach those customers. 
Preparation research and guidance. 
Explore self employment, look at your business idea and to see if it's a good idea!! Does it pay for my existence?! 
Tony  Robins
It's all about the MIND SET
Market Research, customer - competition 

Take care of you bargain there a tonnes of factories in the world, but it needs people to run them. This 'take care bargain' is breaking down. 

Employment is 'easy' 'take the easy option' 'regular cash flow' 

CASH IS KING

Self employment is A RISK but you get to take control there's a risk working for employers. 

SAT NAV planning 
1 where do I want to go
2 what needs to happen
3 what do I need to do to get here
4 what's it going to look like when I get there 

Plan your success. 

Creative England/Arts Council for funding 

GrantFinder.co.uk

Jc4grants

Tax, being employed and self employed at the same time

Keep a record of business, you can only have one tax allowance either the one covering your self business, or one to cover your part time job

When your available to market your business then register, when you get your first commission. 
Any expenses for starting up record it, so it can go against your tax. 

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