Benefits, self-emplyment, "gainful employment" and "minimum income floor"?

Naf

shegirl wrote: »

Do you work at all? Just curious, as under WTC rules if you are in a couple you need to work a minimum of 24 hours a week to get tax credits,

I'm a full-time student.

shegirl

lyrical_gangster wrote: »

Also why are you still hanging around this thread? You showed everyone you don't belong on this thread and are in no position to offer advice when you questioned the business not making a profit within the first 12-24 months...

A cake making business can easily make a profit in the first 12 months. It's local so marketing is minimal. Made to order so expenses are minimal. Etc etc.

shegirl

Naf wrote: »

I'm a full-time student.

In that case remember she needs to work a minimum of 24 hours a week,as those are the rules for claiming WTC

FBaby

lyrical_gangster wrote: »

I'm talking about employed professionals who have the opportunity to work where they want, as long as the work is completed. You'll find this is the norm amongst professionals such as academics, programming professionals etc - even people who have jobs with companies like Unilever etc.

There is a difference between working at home employed when the you have a timescale by which to produce a piece of work, and running a cake making business when customers want their product at a specific time.

If someone calls in the morning for cakes later that day, I very much doubt the customer will be impressed if the response is 'sorry but I have my kids to look after so it won't be until tomorrow' or the cakes are delivered, but they were cook the night before because it couldn't be done in the morning due to childcare restriction.

It's no surprise so many hobbies turned businesses never go anywhere if the business has to fit around childcare.

Naf

shegirl wrote: »

A cake making business can easily make a profit in the first 12 months. It's local so marketing is minimal. Made to order so expenses are minimal. Etc etc.

Yes and no.

Yes, we do expect to make some profit this year.

No, its not entirely made to order, especially when we're trying to use table-top sales and free-samples to help with advertising.

Naf

FBaby wrote: »

There is a difference between working at home employed when the you have a timescale by which to produce a piece of work, and running a cake making business when customers want their product at a specific time.

If someone calls in the morning for cakes later that day, I very much doubt the customer will be impressed if the response is 'sorry but I have my kids to look after so it won't be until tomorrow' or the cakes are delivered, but they were cook the night before because it couldn't be done in the morning due to childcare restriction.

It's no surprise so many hobbies turned businesses never go anywhere if the business has to fit around childcare.

But if you have to pay for childcare before you're up and running properly then you'll just never take off either, because its too expensive. Its a catch-22; starting up self-employed without having to work around childcare to some degree is only for the well off.

NorthFin

Naf wrote: »

But if you have to pay for childcare before you're up and running properly then you'll just never take off either, because its too expensive. Its a catch-22; starting up self-employed without having to work around childcare to some degree is only for the well off.

But this country wants new businesses and encourages those with children to work as much as they can, this is what the help with childcare costs is all about. Its a great thing we should be grateful for it.

shegirl

I just want to, once again, boast the power of good social media marketing. I am beaming from ear to ear tonight


How's it going for your wife OP?

Naf

shegirl wrote: »

I just want to, once again, boast the power of good social media marketing. I am beaming from ear to ear tonight


How's it going for your wife OP?

I'm working away full-time for the next 12 weeks - I'm only home at the weekend, so she's putting it on the back-burner slightly. Still taking orders and trying for referrals from them; but not so much active promotion - the kids are enough to deal with while I'm away.

AG47

Can I just confirm, is it only after the first year you are expected to make NWM per hr?

Most people make a loss first year trading while you set up?