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30 October 2012, 12:01
BDG, it's not always that easy or affordable to start up your own business. Depending on your given skill or speciality, you need to 1st research if there is a market & if the market can take another business or if it may saturate the market & lower the price of the service.
Having recently set up on my own (to supplement my income from my full time job), my basic start up costs were more than 1 months salary & I had to buy stuff 1 bit at a time. I still want to get a van but a) I can't justify it at the minute & b) I couldn't afford the extra expense (tax, mot & insurance)
I got there in the end (although didn't break even for start up costs in year 1) but it cost a lot more than I thought.
It does take balls to take the plunge & if I'm honest, knowing what I do now, I'm not sure i would bother.
Having recently set up on my own (to supplement my income from my full time job), my basic start up costs were more than 1 months salary & I had to buy stuff 1 bit at a time. I still want to get a van but a) I can't justify it at the minute & b) I couldn't afford the extra expense (tax, mot & insurance)
I got there in the end (although didn't break even for start up costs in year 1) but it cost a lot more than I thought.
It does take balls to take the plunge & if I'm honest, knowing what I do now, I'm not sure i would bother.