From the course: Planning Your Career and Your Life
Unlock the full course today
Join today to access over 22,600 courses taught by industry experts or purchase this course individually.
Top tips for self employment
From the course: Planning Your Career and Your Life
Top tips for self employment
- I've been self employed for 22 years now and I've learned a lot along the way. I've got some big regrets. I've got some things that I happened to get right by pure luck. I want to tell you about my top eight tips for being self employed. And the first one is get a good accountant. I started out with a cheap accountant. I discovered after a few years when I changed to a better accountant, that my chief accountant had cost me thousands. I think he was costing me 3,000 or 4,000 pounds a year because he wasn't very good. So over a period of four years, he probably cost me between 12,000 and 16,000 pounds that I could have had. And a good account could be worth a lot more than that. So I would say tip number one, get a good accountant. They'll cost a bit more, they're worth it. My second tip is to set up as a sole trader or possibly a limited company. And you have to decide which. I resisted being a limited company for a…
Practice while you learn with exercise files
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing.