working fulltime! want to go SE! How?

vintagebrighton

You shouldn't have to be putting up with this at work full stop. Unfortunately, as you've discovered there's theory and reality and you're having to deal with the reality. It can't be much fun for you trying to work and support a family so well done for that..........

You've said you claim tax credits but are you also entitled to any HB or CTB? Might be worth looking into especially as you say you're going into rent arrears.......... you must keep a roof over your head.

As for the rest of it....... you won't be sanctioned if you leave your job to go SE because you won't be claiming JSA so don't worry about that. All you'll be doing is a change of circumstances for tax credits ie working hours, income etc. It won't be easy of course but I'm sure the stress of the load you're carrying right now isn't easy either. Good luck!

Of course you need to register as SE etc but you've already been given that advice

PlutoinCapricorn

I remembered that there was a thread on this board in early August for someone who wanted to do something similar with nails: you may find some useful points in it:

https://forums.moneysavingexpert.com/discussion/3401433

mumof2:D

vintagebrighton wrote: »

You shouldn't have to be putting up with this at work full stop. Unfortunately, as you've discovered there's theory and reality and you're having to deal with the reality. It can't be much fun for you trying to work and support a family so well done for that..........

You've said you claim tax credits but are you also entitled to any HB or CTB? Might be worth looking into especially as you say you're going into rent arrears.......... you must keep a roof over your head.

As for the rest of it....... you won't be sanctioned if you leave your job to go SE because you won't be claiming JSA so don't worry about that. All you'll be doing is a change of circumstances for tax credits ie working hours, income etc. It won't be easy of course but I'm sure the stress of the load you're carrying right now isn't easy either. Good luck!

Of course you need to register as SE etc but you've already been given that advice

Its not easy looking after 2 children,a house and working fulltime. I chose to have my children and have always believed if you have children you should be able to provide for them if you are able to work, and I have done.

I shouldnt have to put up with what I do at work, that is why I thought I would take the leap and go SE. I didnt want to go on benefits. I wanted to try and set up a business in a field that I have a real passion for.

I have a run on of tax credits for 4 weeks when I do hand my notice in so that give me time to advertise and find a part time job.I know it will be a hard graft but I will be putting my all into it and my family is great so I know they are going to help aswell.

I will be handing in my notice Friday so will ring tax credits them to notify and then register as SE.

Thank you

chalkie99

People assume that you make no money in the beauty industry,you dont if you work in a salon or renting a chair. You do if you are mobile.

In the future I want to own my own salon

Hmmmm...

Anyway, people here are just trying to play devils advocate. It is easy to be swayed by friends and family who are always going to tell you what you want to hear. If strangers here can give you an alternative viewpoint at least it is something to think about and focus your mind.

Savvy_Sue

newmum, I know we're sounding harsh about this, but the reality of being self-employed can be VERY harsh. If you're ill, or your children are ill and you can't work as a result, no sick pay. If you take a week (or even a day off), no money. Car breaks down or someone drives into you, you can't get to appointments, no money.

However:

mumof2:D wrote: »

I am seriously struggling to live off my wage (only £900 per month) and still paying out for childcare,bills,rent etc and get to work. I have not paid my rent for 3 weeks now so I can pay my childcare and other bills so now Im in the red with my landlord. arrgghh

I presume you have applied for Housing Benefit and you're over the limit for that? Who is your landlord, private or social (council / housing association)? If the latter, speak urgently to your Housing Officer, because paying for your childcare isn't going to help if you get a Notice to Quit.

mumof2:D wrote: »

How do I estimate what hours I will be working and what I will be making?

You work the hours you choose, and what you make depends on a combination of what you charge, and how many times you charge it. In other words, no-one but you can answer that question!

Ideally I dare say you'd make all your appointments within school and nursery hours, so that you didn't have any childcare to pay for, including not working in school holidays either. But are there really that many people wanting to pay to have their nails and spray tans done within school hours. Or are people who can afford to have this done mostly working during the day and wanting you to come to their home in the evening / at weekends? I have no idea ...

One suggestion is that you could perhaps charge more for convenience: ie working for a lower rate in school time than the 'anti-social' hours of evenings and weekends.

You reckon doing 5 spray tans makes you as much money as your regular wage: does that include the cost of the equipment / consumables / petrol to get there / phone calls to confirm appointments etc? These are all things you need to consider.

mumof2:D wrote: »

What other things do I have to do. I know I have to ring TC to inform them of me leaving work when I actually do.

If you've already been charging for the treatments you've given, then you should already have registered with HMRC and declared the extra income to tax credits. If you haven't been charging, I really hope that all these people will carry on wanting your services once you have to charge a realistic rate.

I'd start, however by registering as self-employed with HMRC, since they also deal with tax credits.

mumof2:D wrote: »

Can anyone give me any pointers or info to help me out?I have read over the business link website but I cant get my head round it. My brain doesnt seem to function anymore.

If you worked for a 'reasonable' employer, then it could be worth raising a formal grievance, but only you know if that would get anywhere. You could also see your GP because you don't particularly sound as if you're fit to work, but that might not help if you'd only get SSP.

And starting your own business in that very stressed state really isn't going to be easy, if you're already struggling to get your head round the mechanics of registration, working out a business plan, getting the word out there etc etc etc.

mumof2:D

Savvy_Sue wrote: »

newmum, I know we're sounding harsh about this, but the reality of being self-employed can be VERY harsh. If you're ill, or your children are ill and you can't work as a result, no sick pay. If you take a week (or even a day off), no money. Car breaks down or someone drives into you, you can't get to appointments, no money.

However:

I presume you have applied for Housing Benefit and you're over the limit for that? Who is your landlord, private or social (council / housing association)? If the latter, speak urgently to your Housing Officer, because paying for your childcare isn't going to help if you get a Notice to Quit.

You work the hours you choose, and what you make depends on a combination of what you charge, and how many times you charge it. In other words, no-one but you can answer that question!

Ideally I dare say you'd make all your appointments within school and nursery hours, so that you didn't have any childcare to pay for, including not working in school holidays either. But are there really that many people wanting to pay to have their nails and spray tans done within school hours. Or are people who can afford to have this done mostly working during the day and wanting you to come to their home in the evening / at weekends? I have no idea ...

One suggestion is that you could perhaps charge more for convenience: ie working for a lower rate in school time than the 'anti-social' hours of evenings and weekends.

You reckon doing 5 spray tans makes you as much money as your regular wage: does that include the cost of the equipment / consumables / petrol to get there / phone calls to confirm appointments etc? These are all things you need to consider.

If you've already been charging for the treatments you've given, then you should already have registered with HMRC and declared the extra income to tax credits. If you haven't been charging, I really hope that all these people will carry on wanting your services once you have to charge a realistic rate.

I'd start, however by registering as self-employed with HMRC, since they also deal with tax credits.

If you worked for a 'reasonable' employer, then it could be worth raising a formal grievance, but only you know if that would get anywhere. You could also see your GP because you don't particularly sound as if you're fit to work, but that might not help if you'd only get SSP.

And starting your own business in that very stressed state really isn't going to be easy, if you're already struggling to get your head round the mechanics of registration, working out a business plan, getting the word out there etc etc etc.

Hi,

thank you for your advice, because I am offer a variety of treatments, I wasnt sure how I would calculate my earnings as it all depends of what the client wants on the day. I will ring HMRC and speak to them directly.

Yes, 5 spray tans and covers my weekly wages including all outgoings. The same as my nail treatments. I have had alot of help from other people with regards to working out figures so I understand that part no problem.

I have not charged for any services. I have done treatments on my friends and family. Obviously they go out and people see there nails and tan etc and ask where they have been done. They then get referred to me. I have people ringing me up regarding wedding pampers,pamper parties etc as they have seen the services I have given on others so I have no problem with my work.

I will be getting cards,flyers,car stickers etc and promoting at fayres,wedding and clothes shops,free ad webs etcI have no problem advertising.
I know what records I have to keep and what info I have to save and note down.
I have thought about going to my GP but I didnt bother, I have spoken to my boss on several occasions and nothing has been resolved and it will never be.

I know it is going to be stressful,but I wont be miserable like I am here. This is a fantastic option for me to be doing something that I love. I will be working around school and nursery and also a few evenings. My most busiest nights will be weds/thurs as people are getting prepped for the w/end.
I just thought I would try and make a better life for myself and my children doing something I love.

Thank you

mumof2:D

chalkie99 wrote: »

Hmmmm...

Anyway, people here are just trying to play devils advocate. It is easy to be swayed by friends and family who are always going to tell you what you want to hear. If strangers here can give you an alternative viewpoint at least it is something to think about and focus your mind.

The posts you are quoting are completely different. I said if YOU WORK in a SALON you will not make as much. You have to pay rent,commission etc.

I then went on to say IN THE FUTURE in want to OWN MY OWN SALON.

These 2 posts are completely different. I am not contradicting myself. Obviously if you own your own salon you are making money as people are renting chairs from you,but not if you are renting as the salon owner takes a certain percentage for rent and commission. I have looked into it all.

Also I have done strangers nails. (for free) might I add. I have done a range of services and they have always said to me they will always come back as I will be charging a reasonable rate for the services which competes with salons and they can relax at home.

PlutoinCapricorn

It seems to me that you have done vast amounts of research in certain areas, possible client base and marketing in particular. People who do that are more likely to succeed than those who just rush in without thinking it through and seeing what would be involved.

Pennywise

Don't forget tax. You say 5 tans covers your wage, but I presume you mean your take-home wage? You should aim to put aside 25% of your profits for tax and NIC and only spend/draw 75% of profits.

(Tax and nic rates vary and personal allowance to be allowed for, but 25% is a reasonable approximation for an average earner).

Also don't forget all the hidden costs such as liability insurance, accountancy, bank charges, advertising, etc etc - all adds up.

I know you think you're getting a hard time on here, but everyone is trying to help you. There've been loads of people coming on these and other forums thinking they're going to make shed loads of cash because their friends and family think it's a good idea, but time and time again, they come back a few months later with tails of woe. No-one is trying to put you off, but you do have to lose the rose tinted spectacles. Business is hard and the vast majority of business start ups don't survive. I'd urge you to try it part time first to make sure that you can get real, paying, clients.

pinetree

Hi mumof2 would it be possible for you to work part time at your present job while you get set up, you can still register your SE etc,
as cards, leaflets etc all add up as I have found,

hope all goes well its horrible being in a job you hate but stick it out till your business takes off, at least you can see a way out, good luck:)