Quit job to become SE?

vroombroom

Morning folks

I need some advice from you wise people :money:

I currently have two jobs: self employed cleaner by day and supermarket shelf stacker by night (well twilights)

My little cleaning business has the potential to take off - I currenly have 3 domestic clients as well as a long term commercial contract. I do about 16 hrs a week cleaning and my supermarket job is 16 hrs over 4 nights. (All legit and registered before anyone asks lol).

There are perks of both jobs and I enjoy them both but I am knackered doing both - early mornings, late nights - plus a house to run and a 4 year old! I have been thinking of quitting the supermarket to work for myself as I can pretty much pick and chose my jobs and it works nicely round my son at school.

I'm just a bit worried about the no holiday pay/sickness pay etc etc....

What would you do? x

HappyMJ

Budget...

You have a rate that you charge clients and you have living expenses.

Deposit all of the money you get from your clients into a bank account as soon as possible. Don't spend any of it.

Add up all of your living expenses and as long as that amount is less than about 2/3rd's of the income from a normal week of trading then transfer that amount each month from the business account into your personal current account and live on that leaving whatever is left in the business account to be used for holidays and sick days when your income is lower. If your living expenses are higher than 2/3rd's of your income either increase your income by getting more clients or reduce your living expenses.

If you are sick for more than a week you can claim employment and support allowance.

Stevie_Palimo

I'd make sure I had enough income and clients to warrant giving up the super market employment and then concentrate on putting money aside for a rainy day, You could also look at the insurance type of plans that pay you if you cannot work and being self employed if you cannot work yourself and have someone else carry out the job is worth looking into.

vroombroom

Amazing advice as normal, thank you so much.

I do put my clients' pay in to a separate account already and only touch it when I need to top up either petrol or cleaning supplies.


Excellent, thanks again folks. Something to look into and start saving! x

DCFC79

Could you reduce your hours at the supermarket by say half.

vroombroom

DCFC79 wrote: »

Could you reduce your hours at the supermarket by say half.

Unfortunately I wouldn't be able to just yet as I haven't been there for 26 weeks yet!

You lot must be some sort of lucky charm - the commercial contract I clean for have offered me an additional 12 hours work - taking it up to 18 hours which is more than I earn at the shop :-)

Couple of decisions to make I think! x

dawyldthing

The only problem is if the cleaning contract cut back (say they increase it now due to Xmas but the cut it afterwards as an example) whereas the supermarket job is a constant wage coming in

Slinky

dawyldthing wrote: »

The only problem is if the cleaning contract cut back (say they increase it now due to Xmas but the cut it afterwards as an example) whereas the supermarket job is a constant wage coming in

There's always somebody on the lookout for a good cleaner. Just make sure you charge people enough for good quality work.

vroombroom

dawyldthing wrote: »

The only problem is if the cleaning contract cut back (say they increase it now due to Xmas but the cut it afterwards as an example) whereas the supermarket job is a constant wage coming in

That's what I'm worried about! At the moment I get a wage every 4 weeks. I also get holiday pay and sick pay, so it's a very scary thing to think about.

I think I'm going to do both for now and then when I've been there for 6 months (end Nov) Ill see if I can drop a shift. It's going to so tiring as I work till 12, but it takes me 30 mins to get home, so by the time I am settled and stuff I'm in bed for 1am, up at 6:30am to drop OH at work for 8am, son at school for 8:45am then I'm on the go till I pick son up at 3pm, before starting work at 8pm again! x
Pro plus is my friend some days ;-)

cavework

I did it..
gave up a secure job and bit the bullet..
You seem to be supplying what people want , you have regular clients already. I think you could spend the time when you are working for someone else to market and enlarge your cleaning company..
A new business is like a baby...feed it , care for it and most importantly concentrate on it's future and you will get there.
Newly self employed don't get holidays..sickness or any guarantees, what they do get is some control for their future income and a sense of achievement.
xxx

redvision95

Just for some encouragement -
A little over three months ago i was in a similar position, i was a apprentice mechanic during the day with a large chain of auto centers and a Motorcycle courier by night.
At the age of twenty i gave a potential career up and started my own courier business. You have to give a new business your everything, lots of hard work and you will get where you eventually want to be. I now have four bikes on the road delivering anything from fast food to important documents, A van and trailer, Awaiting delivery of my second van and trailer and i employ three full time and four casual workers.
Anyone can do it if they're willing to jump in and put the hard work that is needed into it. Its worth it.