how do i become self employed with my own business?

Question

removals

Answer 1

start by having zero debt
gain assets like tools or in your case, a vehicle
have a backup strategy
rely on worst-case scenarios
take the plunge

the key.. plan plan plan!

Answer 2

from an accounting and tax perspective it is important that you register your business with HMRC (previously the Inland Revenue) within three months of commencing to trade. If you do not then you will be subject to an immediate £100 fine. Other accounting and tax considerations include deciding on whether you want to become VAT registered. If your customers are mainly businesses that are VAT registered, then I would suggest also becoming VAT registered because you will be able to reclaim the VAT incurred on your expenses. Make sure you keep all your receipts for expenses that you incur so that you offset as many expenses as you are legally allowed against your income. Remember that even if you purchase vans/trucks 2nd hand to get an invoice for the purchase, and try to purchase by cheque or debit card so that the transaction shows up in your bank account.
It is not necessary to have a separate business bank account, but it is generally useful to have one, and this will allow an accountant to see your transactions more easily. Remember that you will also have to complete a tax return. If you commence your business now, then you will need to complete a tax return for the period up to 5 April 2007. The tax return needs to be submitted to HMRC by 31 January 2008 at the latest.
Hope the above helps with the less glamourous, but still very important accounting and tax side of opening a new business.

Answer 3

Your first call must be to the Inland Revenue because they have to ok your application. Then you go to DWP with the document you get from IR and they will show you how to set up your Contribution Record. Then you get a good accountant because they are worth their weight in gold and explain how, in the first year of trading you should put away sufficient cash to enable payment of Income Tax in the second year less of a headache. This always pre-supposes that you succeed and that you make a profit.
I was self-employed for over forty years but now, happily retired!

Answer 4

first point of call is Businee Eye they are dotted around the uk in many places.
I vivited them and went to a few workshops and their information was invaluable. Or go to your local citizens advice who will have a booklet geared to start your own business. We are now opening a campsite in south wales and without their help it would have been alot harder!. the other thing is that surprisingly the Inland revenue also do workshops and they were also no end of help as when it comes to doing tax returns they give you a little leeway as you have been to them already for help.
Good luck

Answer 5

I own a company that helps people get started in home based businesses. I help them set up their own business without the big up-front investment of money. If you'd like to learn about how I might be able to help you than message me back.

Answer 6

1. Gain experience in a field
2. Have a unique idea of how to present /sell your services
3. Talk to others about your idea, who know about the type of business you want to start
4. Work out the details of running the business
5. Come up with funding
6. Come up with customers
7. Work harder than you ever worked for anyone else

..and you might succeed.

Answer 7

Well, one things is, Business Ownership will first be based on people you know and then it spreads through word of mouth. You need to have all your supplies ready at all times. A reliable number people can reach you, business cards, fliers, and PROMOTE PROMOTE PROMOTE. Don't do half a$$ed jobs either, always do more than your willing to do always, its very good for business. Don't charge so much at first. Be reliable and dependable.

Answer 8

It depends in what are you interested in and on how motivated you are. I have just started my own business and I work from home and I am very excited about the product.

Answer 9

What i would suggest is making network of like minded people across the globe , and then finding a competative edge in the market n selling your products to that market

Answer 10

Buy a Van and advertise your service.