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hows my business doing?

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  • redpete
    redpete Posts: 4,758 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    How much do you need to earn a year?
    How much do you want to earn a year?
    Are you allowing for saving for retirement (or holidays, or...)?
    How much time do you want to spend working each week?
    Do you have savings to rely on if the income is insufficient to start with or there are quiet periods?
    Are you keeping back sufficient to pay income tax and NI?
    Are you claiming the maximum amount for mileage?
    Are you keeping proper accounts?
    Is the work seasonal (e.g. based round school terms or exams)?

    The hourly rate looks reasonable but that's only a very small part of determining how successful a business is.
    loose does not rhyme with choose but lose does and is the word you meant to write.
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