Advice on starting out as a Sole Trader whilst remaining employed as PAYE 24 November 2022 at 5:31PM in Boost your income

bjelder

Exactly as title. I am hoping to start out as a Sole Trader and provide some consultancy work in Fire Risk Assessment to build experience and customer base. However, for financial security, I would hope to achieve and build success and momentum befoer I give up my full time employed work (PAYE).I would be confident that I can keep track of the accounting for this additional business earnings but what should I look out for (pitfalls) in starting out this way?