Business Guides - Starting Out
The number of self-employed is rising due to the many benefits. Individuals are either taking up a side hustle or going full employed because of the extra income and the flexibility which supports the work-life balance. Here is how you can become self-employed.
Have you got a passion that you work on? Can you make money from it? Then here is why you should consider turning your side hustle into a legitimate freelance business.
A guide for university students looking at going freelance as a side hustle. Freelancing can be great for students as it can be additional income and it comes with flexibility. Students can also benefit from the real-life work experience.
The guide on getting relevant experience before taking the jump into going freelance give four ways in which you can gain experience. The four ways to get experience include training and courses, doing work for free, creating a portfolio and networking.
A graduate's guide for any prospective freelancer. The guide for graduates focuses on deciding if freelancing is the right path, the pros and cons of freelancing, the business side of freelancing and getting the right skills and experience.
In this guide we explore the advantages and disadvantages of freelancing and give 10 qualities that make a successful freelancer.
Once you are sure the challenges and rewards of freelancing are for you, we recommend that you take an honest look at factors determining the success of your business - you and your skills.
There are several key ways to find your first contract role. This section helps you on your way if you're new to freelancing.
Every business, no matter how small, needs a working plan for the future detailing where you are now, where you want to be and your strategy for growth.
Limited, sole trader, umbrella? An overview of the different options available to you and advice on the best way forward.
Methods of raising finance for your freelance business.
Essential elements for start-ups and existing businesses - Freelance UK speaks to the Forum of Private Business about the best ways to turn your ideas into a commercial reality.
If you are working through a limited company, you will pay yourself a monthly salary (many take a small salary). Those caught by IR35 will pay themselves a 'deemed salary'.
There are various insurances that you might need, but Professional Indemnity is the must have for certain freelance sectors these days.
Traditional lenders require three years of a freelancer's accounts, however Freelance UK has negotiated a special deal, with no arrangement fee with freelancer money specialists, FreelancerMoney.
If you have decided to trade through your own Limited Company then you really ought to have an accountant to help you with the various forms, obligations, taxes etc.
A portfolio is a showcase for your talent and experience. As you move from job to job more frequently by nature as a freelancer, your portfolio will become your strongest selling tool enabling you to demonstrate past successes in why you were a useful or profitable resource.
As you are your own boss, you are the only person responsible for not only ensuring you deal with the day-to-day admin but also that you are compliant with all regulations.
So, you've found your first project, got yourself an accountant and started trading. What else is there? Well, what about training to keep your skills up to date, what happens if you get sick? Click here for ways to mitigate these challenges.