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Taking the leap into self-employment - advice needed

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  • gelato_cat
    gelato_cat Posts: 2,970 Ambassador
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Thanks - was worried I was stating the obvious and would come across as patronising :eek:

    Suze

    prudryden wrote:
    Excellent Suzey!!
    I’m a Forum Ambassador and I support the Forum Team on the Savings & Investments, Small Biz MoneySaving and House Buying, Renting & Selling boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the Report button, or by e-mailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
  • Hi Suzey - no thank you so much for all the advice :beer: - I do have so much on at the mo that it's hard to focus so your post is invaluable! It's true that I need to really target the right market as I have had experience of the one-man-band whose wife does the damin/banking - after all, if Mr EL started his own business, I'd do all the admin & banking :D !

    I think I really have to put my thinking cap on this when I come back in January from Thailand hol - I will make notes in a separate pad and keep all my ideas (and yours he he ;) !) there, and also visit Sussex Enterprise soon.

    My main business, I hope, will come from recommendation. From marketing experience, not only is this the strongest form of advertising but also the cheapest as it's free... I will need to make allowances for treating people to lunches and also nice flowers... My current boss wants me for one day a week and the accountant wants me for one day a week (and she works for loads of companies as self-employed - as such has excellent contacts - I'm sure she will like flowers...;) ).

    This post will become my bible and of couse as you wisely noted, I haven't written everything down here - not trade secrets, just ideas I have that aren't cemented yet!

    Please visit often - apologies if I don't answer immediately, I will as soon as I can:T
    MFW #185
    Mortgage slowly being offset! £86,987 /58,742 virtual balance
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  • clutton_2
    clutton_2 Posts: 11,149 Forumite
    Hi EL - this time on hols is a great opportunity to set aside 2 days brain storming time with MR EL - he will be full of ideas - men just are !!!! maybe do it on day 2-3 of the hols and get it out of the way - then relax and fully enjoy. Take your notes with you and notes from MSE and make a business plan - set time targets, take a huge next years diary with you, and put action plans and dates into it - set specific goals - and KEEP them !!!

    you will never have a better opportunity for planning than this - AND it is at the right time !! no phones, no work, no shoppping, no nothing !! go for it !!!

    bw

    clutton
  • gelato_cat
    gelato_cat Posts: 2,970 Ambassador
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    ello

    Glad you found it useful! :j

    Do you work in marketing yourself as well (I'm a marketing manager)? I picked up on the comment you made about your marketing experience...

    Networking is a good way of making business contacts. With any luck there will be some demand amongst the people in your accountant's address book! What does the accountant use you for? I personally would suggest you try one form of promotion at a time and the networking thing sounds like it could be a goer. The reason I say this is because not having defined your services and your target markets yet, it's impossible to start promoting yourself because you don't know what you're selling or who you are selling to. With the networking you can feel your way and it won't cost you much to experiment. The problem with networking/recommendations, though, is that it can be quite difficult because people often feel that if you are only talking to them because you want something, they can get put off. Also, as with any other market, you need to research to make sure the demand is there.

    Have you got anywhere with the agencies yet?

    I scan the forums every day and always read the new posts in this thread (been following your LL story too)! I tend not to post unless I feel that I can add something, or need to ask or answer a question which is why I've only just piped up ;)

    Please keep us informed on your progress!

    Suze

    Hi Suzey - no thank you so much for all the advice :beer: - I do have so much on at the mo that it's hard to focus so your post is invaluable! It's true that I need to really target the right market as I have had experience of the one-man-band whose wife does the damin/banking - after all, if Mr EL started his own business, I'd do all the admin & banking :D !

    I think I really have to put my thinking cap on this when I come back in January from Thailand hol - I will make notes in a separate pad and keep all my ideas (and yours he he ;) !) there, and also visit Sussex Enterprise soon.

    My main business, I hope, will come from recommendation. From marketing experience, not only is this the strongest form of advertising but also the cheapest as it's free... I will need to make allowances for treating people to lunches and also nice flowers... My current boss wants me for one day a week and the accountant wants me for one day a week (and she works for loads of companies as self-employed - as such has excellent contacts - I'm sure she will like flowers...;) ).

    This post will become my bible and of couse as you wisely noted, I haven't written everything down here - not trade secrets, just ideas I have that aren't cemented yet!

    Please visit often - apologies if I don't answer immediately, I will as soon as I can:T
    I’m a Forum Ambassador and I support the Forum Team on the Savings & Investments, Small Biz MoneySaving and House Buying, Renting & Selling boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the Report button, or by e-mailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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