2006-12-25 23:01:01 · 16 answers · asked by Dino 1 in Business & Finance ➔ Careers & Employment
you should consider all the experience you have gathered during all those years and decide...
2006-12-29 22:44:21 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Write down your strengths and weaknesses honestly, visualising your long experience. In which type of jobs have you succeeded most and what is your desired area if you have a choice? List all your assets that can be spared for your own business such as space, money for business investment, credit record, famlly sources, etc.
Narrow down the choice to two or three business areas. Study literature on the areas selected, get advice of business potential from the local chamber of commerce; study existing competition in these areas, and availability of investors to partner you with funds or other needs. If you can spend some money, get some experts to prepare a project report on the selected areas.
tAll his involves a lot of work, but could be a starting point.
2006-12-26 01:38:54 · answer #2 · answered by greenhorn 7 · 0⤊ 0⤋
I recommend Forever Living Products - you can do as many or as few hours as you like and typically on 1-2 hours a day you will earn £1200 per month after 5 months and £30-£40k per year after 2-3 years - if you do more hours you should get more.
They are a $2 billion company growing at 25% per year and need a lot more people - no investment required also, regulated by Dti and Office of Fair trading and have investors in people award also.
link is: www.efi-international.com
2006-12-26 08:23:33 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If you are based in the UK its simple to start trading as Self Employed Sole Trader. Obviously marketing your business is the key to success. This can be word of mouth and or by more direct means. To register with HMRC = (Inland Revenue and HM Customs combined) you can download a FORM CWF1 from their website which you complete and send to the DSS. They set you up for Class 2 Nat Insurance (payable by every self employed person) and then pass the Form to HMRC who issue you with a 10 digit Tax Ref number called a UTR "Unique Tax Payer Ref Number". You file a Self Assessment Tax Return for each Tax Year ended 5th April. The deadline for submitting the return is the following 31st January. If you expect your Gross Turnover to exceed £50K in the first year you may need to Register for VAT. If you have employees you will need to register as an employer for PAYE/NI. Although this is a limited reply, you should also arrange any neccessary Insurance cover depending on the risks in your business. For example if you have employees YOU MUST HAVE "E.L." = Employers Liability. Check out the Health & Safety (HSE) website in case any of their requirements apply to you too. You may need an Accountant for ongoing advice and to prepare your Annual Accounts & Tax Return. If so try to get him or her to agree to a fixed fee for the first year at least so you can budget accordingly. Keep accurate and up to date accounting records. Use spreadsheets or integrated Software like MYOB (cheap entry level cost)
2006-12-25 23:28:09 · answer #4 · answered by PHOENIX 1 · 0⤊ 0⤋
what's your qualification? your experience? what your finance? I have been through a nightmare, competition, supermarkets, warehouses everybody undersold their products to kick you out, the bank charge the accountant's fee, the rent the rate bankruptcy followed no business no work to go to totally lost and lost a fortune. If still have a job stick to it and wait for a golden opportunity.best of luck in the new year and in future
2006-12-27 20:31:14 · answer #5 · answered by van n 3 · 0⤊ 0⤋
Think about what you enjoy doing or are good at - if your a people person, then maybe a friendly coffee shop/cafe, or if you like gardening, then a garden centre or a gardener, have a think about what you really want to do cos its a big step - but very worthwhile to be your own boss!!!!
Good Luck!!
2006-12-27 00:20:49 · answer #6 · answered by Naughty but nice 3 · 0⤊ 0⤋
If you have not got intense passion, drive and specialist knowledge for an area of potential self employment you're really best off staying a wage slave.
2006-12-25 23:20:59 · answer #7 · answered by Anonymous · 0⤊ 0⤋
i started collage in september and im 41 so theres hope for us all..lol...
think of somthing that you may like to do and apply for collage and inrole i did and have made a few new friends at the same time..
good luck for the future.
2006-12-25 23:16:04 · answer #8 · answered by glen w 4 · 0⤊ 0⤋
are you qualified,
Do you have the capital
Is what you want to do a service that is needed
will any one want your ideas
thats only 4 stay where you are until you cananswer a lot more
unless you plan taxi driving
2006-12-27 20:02:45 · answer #9 · answered by The tagg master 3 · 0⤊ 0⤋
I may have a solution if a business opportunity is of interested to you.
2006-12-26 00:28:58 · answer #10 · answered by gatorgirl 5 · 0⤊ 0⤋
NOT a stupid question at all ROMFT - by that stupid answer we all know who the wanker is.
My answer is a question - What is your PASSION??????? That's what you should be doing as a business idea.
2006-12-25 23:12:45 · answer #11 · answered by Chris L 2 · 0⤊ 0⤋