Earlier this week I was talking to someone about starting up in business / working for themselves. This girl would be great, she is passionate about what she does; is a real expert in her field; she’s a great communicator / personality, and clients would love her.
But she’s holding back, perhaps not confident that it’ll work.
It got me to thinking – what stops a start-up?
For some it will be the loss of security of income. It can be tough when you’ve got a mortgage and a young family to give up a salary to chase the dream.
For others it can be a lack of confidence.
For many it is a lack of funding, and in this present financial climate, an inability to raise the capital required.
And for some it’s simply down to a lack of knowledge about how to go about working for themselves.
In these tough times of austerity and government spending reviews, one thing is certain. Hundreds of thousands of people are going to find themselves out of work. For some this will present an ideal opportunity to take the plunge and go for it.
So what do we need to do to encourage and support these entrepreneurs?
More Blogs
How to Correct Mistakes on Your Self Assessment Tax Return
This guide will explain how to correct mistakes on your Self Assessment tax return, detail the deadlines for making these corrections, and discuss the implications of not correcting errors. Additionally, we’ll highlight how QAccounting can support you in ensuring your tax return is accurate.
Holiday Financial Planning for Self-Employed Individuals
In this blog, we will explore practical strategies for navigating these challenges, ensuring you maintain financial stability and capitalise on opportunities for growth as the year comes to a close.
Do I Legally Need an Accountant for My Limited Company?
This blog will explain whether a limited company in the UK is legally required to hire an accountant.