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    • Bobarella
    • By Bobarella 25th Jul 16, 7:16 PM
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    Bobarella
    Budget Wars - A New Hope (with apologies to George Lucas)
    • #1
    • 25th Jul 16, 7:16 PM
    Budget Wars - A New Hope (with apologies to George Lucas) 25th Jul 16 at 7:16 PM
    A New Hope is a very fitting title for my first ever DFW diary. For the first time in around 18 months I really have hope. I am one of those people who has always seen September as the start of the year. Because of back to school I suppose. And this year is the first September I can honestly say I am 100% looking forward to in years.

    My situation is complicated but to simplify, I took the enormous step to not only become self employed but to sell my family home to finance my new business in 2011. I turned my back on a very well paid career to go out on my own.
    In that period I have had many challenges. Gone to hell and back owing wages and HMRC. Dont worry the wages were paid back long ago as quickly as I could. And I repaid HMRC.
    The stress of being responsible for other peoples lives is intense if you've never been there. At my lowest point I deactivated my voicemail to avoid the energy company being able to contact me.

    At one point I owed around £40,000 all business related. Primarily on a loan, but some CC.

    Time and again I bashed my head against my mental bars and wondered if I could physically carry on. But I did. Through hell and high waters. Quite literally in fact....

    This last year has not been easy. I worked as the sole employee of my business during my entire pregnancy with DD and went into labour whilst still at work. When my baby was 4 months old I got seriously ill and spent a week in hospital. My lovely FIL was diognosed with the big C 2 months ago. And life has wobbled along precariously as always.

    The reason for my new hope is I finally made a big decision. To stop the business I am running & build another. It wont be easy but it will get me out of the hole I am in & allow me to take on paid employment around the new business. I have 4 days left of my old situation and then good night vienna!

    I love MSE. It and the people of it have been such a comfort. And now I am hoping to use this diary as a place for me to record my baby steps towards a life less stressful, adrenaline filled & chaotic.

    Bob
    Last edited by Bobarella; 25-07-2016 at 7:34 PM.
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
Page 69
    • Bobarella
    • By Bobarella 14th Mar 17, 9:02 AM
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    Bobarella
    Oh Bob, sorry your peaceful (ish) afternoon turned into a stress.

    Fingers crossed that the rates get lowered and then you can hopefully continue. I do agree though you do lots of running around xx
    Originally posted by mummytogirls
    Thanks Mummytogirls. I do feel like I am running to standstill at the moment. It's good to get perspective from others.

    Bobarella, do not doubt yourself. Appeal, but even if the rates increase, you will still make a success of your business. Just look how far you've come already. I know it's hard work but look how much momentum it's gathering! You cannot give up, you simply can't, you inspire too many people on here.
    Originally posted by boxofpaws
    Paws your words brought a tear to my eye I have to say. Thank you. The thing about not giving up is so hard. It's my default setting to never give up. But, I am so worried that I'm wasting the best years of my life on a project I can never win. I am sorry to go against your words of encouragement. I just need to be really sure that I'm not just paying the bills for all these other companies/organisations to get rich whilst I live on less than min wage and struggle. I will continue to weigh it all up.

    Hope you have a less stressful day today Bob. Big hugs.
    Originally posted by Treadingonplaymobil
    Thank you, appreciated TOP
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • Bobarella
    • By Bobarella 14th Mar 17, 9:14 AM
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    Bobarella
    Morning Bob,

    What a stressful time you're having at the moment, no wonder you're both snappy.

    Boo to the 40 days for a response, that ridiculous.

    Hope today's much calmer xx
    Originally posted by Purplemumof2
    Thanks PM02 I did think of you yesterday when I was feeling miserable. As in, I reckon your recent situation must have been so much worse than just money worries. And I did give myself a mental shake and remind myself "it's only money"

    Hi Bob
    I'm in awe at your resourcefulness and energy. You're bound to have wobbles when setting up a business on your own is so scary, hard and fraught with difficulties.
    At some point, and only you will know when, you'll decide whether the business is going to provide a secure income commensurate with your input. Setting it up and getting established is bound to take time but I'd be asking myself what success would look like and when realistically I'd be there. I know you don't want a car but it must have made life so difficult over the dark short days of winter getting yourself and your child/children back and forth. I can't remember when your youngest starts nursery/school but that too will make it easier.
    Also when the children are both at school it may be easier to understand whether your time/income ratio would be better as an employee or whether your business is providing a more flexible work/ life balance with a suitable income.
    I hope life will get easier over the spring and summer with more events and parties and lighter longer days.
    Best wishes
    V
    Originally posted by Verbatim
    Verbatim Thanks so much. It changes all the time. If you'd asked me in December I'd have said yes, things are going really well. In January I lost a chunk of money because one of my bigger clients cancelled.
    Then things settled down and I was just seeing a balance happening between booked work and new work coming in, plus enquiries were great. Then I found out in Feb that March would be the last month for my longest standing biggest paying customer, and here I am. Although we have managed to put away all the money we have had extra this month (council tax break and joining incentive from FD) and budget well. It feels sickening to know we have this horrible month coming. Can I out earn it? And carry on doing so from then on? I don't know.
    So sorry to ramble but when do you know enoughs enough? Even if I said it right now I have a 6 month notice period at the premises. If I wanted out right now, I'd have to come up with a fat sum to give to the landlord. And then until I found other work our family budget would be short every month. And I feel like what if I gave that notice and then in the 6 months it was ongoing everything suddenly got really good?

    Ah I'll stop. You get the general idea of the muddle in my head.

    Youngest is 17 months so no help there for a while.

    Hi Bob, I hope you have a good day today!
    Originally posted by Macey1510
    Thanks Macey.
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • NoOneAround
    • By NoOneAround 14th Mar 17, 9:38 AM
    • 1,528 Posts
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    NoOneAround
    So sorry to hear about the rates rise Bob. Obviously appeal as everyone has already said. Decisions are really hard in SE, and there is no obvious answer. You just have to believe in yourself, you have amazing courage and you work so hard for your family. Sometimes it does feel like it is for nothing. You'll do whatever is right for you Bob, that I'm sure of
    all good wishes coming your way
    NOA
    x
    Feb2014 Total unsecured debt £72,520>>01/06/16 £68166>01/04/17 £66,996=7.62%PAID
    Mortgage Jan14=209,800 Jan15=£200,300Jan16 £190,800 Jan17£180,700
    Health/Fitness Challenges Priority#1 Stay Fit and healthy - whatever it takes
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    • sashybo
    • By sashybo 14th Mar 17, 5:25 PM
    • 2,424 Posts
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    sashybo
    Hope you can work everything out in your head Bob, must be so frustrating for you. More dodgy hugs.
    Success is not final, failure is not fatal: it is the courage to continue that counts.

    PAD started 27/01/09 - £8720 extra paid off debt. Total Debt paid off £44,562.82
    Loans 1 & 2 £4407.44, CC BT £475, Car loans £24,819.31
    • Bobarella
    • By Bobarella 14th Mar 17, 7:29 PM
    • 10,472 Posts
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    Bobarella
    So sorry to hear about the rates rise Bob. Obviously appeal as everyone has already said. Decisions are really hard in SE, and there is no obvious answer. You just have to believe in yourself, you have amazing courage and you work so hard for your family. Sometimes it does feel like it is for nothing. You'll do whatever is right for you Bob, that I'm sure of
    all good wishes coming your way
    NOA
    x
    Originally posted by NoOneAround
    Thanks NOA. It all just seems so random. Another business in a better location than mine in the same area was tweeting about their increase yesterday but saying they'd only be liable for £2k of it! Whereas for me I seem to have very low relief. The trouble is the unit I'm in is in a very residential area and I think the landlord has always had trouble filling it. So why should my rates be so high when footfall and all the other useful commercial factors are so poor? As it goes the business I'm now running isn't footfall dependant, but the price is way too high. I will fight them on the beaches I've decided! Grrrrrr!!!

    Hope you can work everything out in your head Bob, must be so frustrating for you. More dodgy hugs.
    Originally posted by sashybo
    Thanks Sashy
    Last edited by Bobarella; 15-03-2017 at 12:26 AM.
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • Verbatim
    • By Verbatim 14th Mar 17, 11:01 PM
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    Verbatim
    Ho you Bob!
    CCs @0% £24k Dec 05 £19,621.41 Au £13400 S 12600 Oct £11,981 £9481 £7500 Nov £7250 D £7100 Jan 6950 F £5800 Mar£5400 May £4830 June £4660 July £4460 Aug £3200, S £900, £0 18/9/07 DFW Nerd 042
    • TalesfromtheAvenue
    • By TalesfromtheAvenue 15th Mar 17, 10:10 AM
    • 93 Posts
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    TalesfromtheAvenue
    Sorry to hear you're having such a stressful time Bob. Only you can decide what you should do with regards to the future of your business, but I think we all agree, if anyone can, you can!

    Hugs
    x
    • Purplemumof2
    • By Purplemumof2 15th Mar 17, 12:26 PM
    • 5,043 Posts
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    Purplemumof2
    I think we all agree, if anyone can, you can!
    Originally posted by TalesfromtheAvenue
    Here, here!
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
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    • Verbatim
    • By Verbatim 15th Mar 17, 4:35 PM
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    Verbatim
    Sorry, "ho you" should have been "go you". Obvs. Perils of posting by mobile phone!
    CCs @0% £24k Dec 05 £19,621.41 Au £13400 S 12600 Oct £11,981 £9481 £7500 Nov £7250 D £7100 Jan 6950 F £5800 Mar£5400 May £4830 June £4660 July £4460 Aug £3200, S £900, £0 18/9/07 DFW Nerd 042
    • Bobarella
    • By Bobarella 15th Mar 17, 5:44 PM
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    Bobarella
    Sorry to hear you're having such a stressful time Bob. Only you can decide what you should do with regards to the future of your business, but I think we all agree, if anyone can, you can!

    Hugs
    x
    Originally posted by TalesfromtheAvenue
    What a lovely thing to read Thank you Ave you are all lovely MSE pals

    Here, here!
    Originally posted by Purplemumof2
    Thanks so much

    Sorry, "ho you" should have been "go you". Obvs. Perils of posting by mobile phone!
    Originally posted by Verbatim
    Ha ha I am normally the one typing odd things due to the baby grabbing the tablet at the last minute (great parenting)
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • f0xh0les
    • By f0xh0les 16th Mar 17, 7:03 AM
    • 926 Posts
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    f0xh0les
    Massive hugs Bobs. I don't know what you should do. Hope you feeling bit happier this morning.
    MFW May 16 £118,340
    September 17 - £109,896.73
    • Bobarella
    • By Bobarella 16th Mar 17, 8:20 AM
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    Bobarella
    Massive hugs Bobs. I don't know what you should do. Hope you feeling bit happier this morning.
    Originally posted by f0xh0les
    Thanks Fox. Bit. It comes and goes in waves. I am in management mode on our home finances now, counting down the days till payday, thinking how well we've done this month. But each day that passes and I'm not taking a booking to help with next month's impending
    s h i t storm is pushing up the anxiety factor. Double edged sword.

    For now I'm going to focus on this beautiful day, get my bedding stripped and on the line, and enjoy playing with DD in the garden.
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • amanda p
    • By amanda p 16th Mar 17, 11:15 AM
    • 22 Posts
    • 85 Thanks
    amanda p
    Hi Bob, I very rarely post on here but your diary deserves a mention. You are such a hard working person and you take on board everything that is flung at you with good humour and pragmatism. The example you are setting for your children is exemplary, very few people of your age would consider the sort of school run you do plus all the walking and cycling. A true inspiration. Should you have to eventually get a different sort of job I am sure you will be snapped up, you have skills that many companies do not often see these days.
    I hope the business rates can be sorted out and you can continue doing what you are doing now, what you have achieved in a short while takes guts and determination, of which you have plenty.
    You are an asset to your family, so enjoy your time with them. Imagine you are the fittest family in your area! Good luck with whatever life decides to throw at you.
    • Bobarella
    • By Bobarella 16th Mar 17, 7:57 PM
    • 10,472 Posts
    • 69,414 Thanks
    Bobarella
    Hi Bob, I very rarely post on here but your diary deserves a mention. You are such a hard working person and you take on board everything that is flung at you with good humour and pragmatism. The example you are setting for your children is exemplary, very few people of your age would consider the sort of school run you do plus all the walking and cycling. A true inspiration. Should you have to eventually get a different sort of job I am sure you will be snapped up, you have skills that many companies do not often see these days.
    I hope the business rates can be sorted out and you can continue doing what you are doing now, what you have achieved in a short while takes guts and determination, of which you have plenty.
    You are an asset to your family, so enjoy your time with them. Imagine you are the fittest family in your area! Good luck with whatever life decides to throw at you.
    Originally posted by amanda p
    Thank you so much for such a lovely message Amanda your words of encouragement mean a great deal.
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • PurpleFairy26
    • By PurpleFairy26 16th Mar 17, 9:33 PM
    • 1,832 Posts
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    PurpleFairy26
    bob I know you said on my diary you were out of the loop with Childcare free hours - I know you DD is not 3 yet but once she is she'll be entitled to 30 hours free childcare (up from current 15) there are also a new childcare voucher scheme coming in next April that is different from current meaning you can take advantage of it even if you are self employed, which you can't for the current one. I know you don't use paid for childcare at the moment but at last they have recognised that self employed should benefit from a tax break on childcare, not just employed.
    • Bobarella
    • By Bobarella 16th Mar 17, 10:39 PM
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    Bobarella
    bob I know you said on my diary you were out of the loop with Childcare free hours - I know you DD is not 3 yet but once she is she'll be entitled to 30 hours free childcare (up from current 15) there are also a new childcare voucher scheme coming in next April that is different from current meaning you can take advantage of it even if you are self employed, which you can't for the current one. I know you don't use paid for childcare at the moment but at last they have recognised that self employed should benefit from a tax break on childcare, not just employed.
    Originally posted by PurpleFairy26
    Thank you, that is very handy to know. Thanks PF
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • Bobarella
    • By Bobarella 17th Mar 17, 8:19 AM
    • 10,472 Posts
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    Bobarella
    Why do we fall?
    Morning All

    In a scene from Batman, Alfred the Butler asks Batman, 'Why do we fall?" the answer? " So we can learn to pick ourselves up"

    I spent last night watching brain achingly dull Facebook tutorials on YouTube to answer some of the questions I had about using fb for business marketing. I then searched out as many locals groups as I could with decent follower numbers and have either posted or considered the best way to approach them without spamming people. End of the day people do want to book and hire places for celebrations so it can't harm for them to know about another one.

    My main issue at present is lack of new business. So that is what I must focus on. The rates are a big scary thing, but alone that rise can't derail me. Cash flow or lack thereof can.

    So this is me digging deep and going for the max I can achieve over the coming few days on the marketing front.

    Time to hustle!

    Bob
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • NoOneAround
    • By NoOneAround 17th Mar 17, 9:06 AM
    • 1,528 Posts
    • 7,368 Thanks
    NoOneAround
    " I can and I will!" she said.

    NOA
    x
    Feb2014 Total unsecured debt £72,520>>01/06/16 £68166>01/04/17 £66,996=7.62%PAID
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    Wombling Free Cash May2016 £51
    • FacelessNumber
    • By FacelessNumber 17th Mar 17, 10:29 AM
    • 367 Posts
    • 1,993 Thanks
    FacelessNumber
    Good luck Bob! You can definitely do this, and if you eventually decide not to continue the business, you will know you have done everything you can! Fingers crossed for you on both counts, the rates and the new business!

    • apple muncher
    • By apple muncher 17th Mar 17, 11:11 AM
    • 6,297 Posts
    • 45,851 Thanks
    apple muncher
    Bob the hustler! Go girl x
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    Mortgage £24,331 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295) MFWDate Dec 2018
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