Working on a self-employed basis can be very rewarding however it can also come with a list as long as your arm of little things you should be considering when working for yourself. It can sometimes be a little daunting and it is often the reason so many people choose not to become self-employed. You shouldn’t let this put you off though. If you have the skills to work from home you just need to make sure you are making the considerations that you need to and then put a plan into place. It’s kind of like having a company set of rules, you just need to set them up for yourself.
Keep A Record Of Everything
When you’re working self-employed you should be keeping a record of absolutely everything. Whether it’s the invoices you’re sending, travels tickets, receipts for office supplies, a list of clients, a list of due monies you need to keep a note. It will come in handy when you come to complete your annual taxes if you have everything in order and keep it this way throughout the year you will find it a much less tedious and stressful job. Some people seek the help of Personal Tax Specialists when it comes to completing their taxes, if you do decide to go down this route it would be useful to be able to handover all your recordings for them to work with.
Something that can be difficult for even the most experienced self-employed person is advertising and getting yourself out there. You need to put a plan in place if you haven’t already with regards to how you are going to get work Depending on what type of work you deal with will depend on the methods of advertising. Some of the most popular methods include Facebook, Instagram, Linked In and People Per Hour. Another great way to be able to showcase your work and attract customers is to have a dynamic website, you will be more successful in this digital world if you have an online presence.
Of course, as a self-employed person, there are a few benefits that you would normally get from working for a company that you may not get working for yourself. Things like sick pay, extra maternity pay and paid holidays aren’t usually something you can get as a self-employed person so you should definitely make plans to cover yourself for these types of occurrences. It’s a good idea to have a savings fund where you are able to dip into it if you have to take time away from work for any reason, this way you’re preventing yourself from being left short. One of the biggest and easiest mistakes to make when you can work remotely is to take too much time away from work and then not have the income to do what you want or need to do.
These are just a few of the considerations you should be making as a self-employed person, do you have any other considerations that you should think about? Please share them in the comments below.