Need help & advice on getting some financial help.

BrassicWoman

D10R wrote: »

BrassicWoman

No, the business wouldn't get any of the financial help. The business isn't failing, it's still growing and getting better so sooner or later it will be making plenty and paying back into the system.

I'm not a "taker" like you're suggesting. What you're suggesting is give up on something I've worked several years on with lots of hard work, throw it away and look for a job with my poor grades which would result in me needing help financial with JSA which is even more tax payers money. I've left this for several years before seeking help financially, tried to avoid it as much as I can.

Thanks for your judgment though...

It seems more fact than judgement. If, after several years, the business is not turning enough profit to pay you a living wage, it is not a successful business in financial terms. That's nothing to do with you being lazy, you don't seem to be, but everything to do with the business not being successful. Effort does not always equal results.

Even a minimum wage job would pay a higher hourly rate that the business - is that not correct? I can only go on the data you are giving us; and you seem to want to be subsidised to carry on with this hobby business.

What in that is incorrect, please?

FBaby

I don't have any idea when it will be able to pay me a wage, the money its making is going back into the business to try and get it to be stage where it can pay me a wage. I would certainly hope it would be by the end of this year, at the very latest end of 2018.

You haven't done a proper forecast analysis of your expected profit? What are you basing your hopes on?

If you claim tax credits on the basis of your income from the business, they might ask for evidence of how much time you spend to make it flourish. 30 hours a week of marketing for 3 months for instance would look suspicious after the business has been in place for a few years.