Having your own business, being your own boss and going self-employed can be a super exciting prospect. Now, more than ever, individuals are taking the leap into self-employment and utilizing the tools we have available in order to create and maintain successful businesses.
Photo by STIL on Unsplash
There seems to be a wave of bloggers, creatives, artists, YouTuber’s and online business owners all making money from their own creations and that’s absolutely brilliant, being self-employed myself, it’s always encouraging to see people succeed in such a difficult industry because I know how hard it can be sometimes. Here are some of my own tips for people who are thinking about or in the early stages of self-employment, which I wish someone had told me right at the beginning too!
Note absolutely everything down
Whether you hit the tax threshold or not with your business, if you’re self-employed, at the end of every financial year, you will have to fill out a self-assessment tax return which includes adding up all of your payments received over the course of the year and anything you’ve spent yourself towards your business.
Depending on which type of business you own, it might be helpful to keep receipts or confirmation emails of all the sales you’ve had but personally, I have a dedicated notebook where I write down all my blogging payments, the date, who it’s from and the method of payment. Might seem old fashioned but it does the job! And speaking of self-assessment…
HMRC
Those can be really tricky. Really tricky. Like pull your hair out and cry into a pizza type tricky. Especially if you’re new to them and don’t really understand what the jargon means. Like I didn’t (and still don’t to some degree). And unless you have someone in your family or friends who works with this sort of stuff and can help, it can be a pretty stressful thing to do it alone.
Anything HMRC related can be complicated but there is information and help you can get to make it that little bit easier on you! Talk Tax * are a great website which provide hard to reach HMRC contact numbers and write helpful articles are self-assessment, policy changes and more.
IRS
For my friends in the United States, you face an equally challenging adversary in the realm of taxes — the IRS. Otherwise known as the Internal Revenue Service, the IRS is a government agency tasked by the Department of the Treasury to collect taxes and enforce the tax code.
With tax legislation being so complicated and ever-changing, the idea of filing taxes can induce anxiety in even the most savvy of financial gurus. The good news is that there is TurboTax Live, an online program that allows you to get money-saving answers and advice without ever having to leave your home in New York City, Chicago, Los Angeles, or anywhere else in the United States.
Be organized
If you’re working for yourself then it’s down to you to keep organized because nobody else is going to do it for you. That sounds awfully blunt and pushy but it’s true (unless you have like, a business partner or a family member who helps out).
Going at it alone is great but it can certainly take its toll if you find yourself un-organized at any point and letting things get on top of you can make you feel like you’re drowning. I find really constructive ways to keep organized is making sure your work “space” is tidy every day, make lists, keep notebooks and make sure the folders on your laptop (if you work predominantly from a computer) are in good order.
Have a routine and look after yourself
Something I’ve been really guilty of when it comes to working for myself is letting the work take over and not giving myself any time to do anything else and being in constant GO mode all day, every day. I found myself thinking about work related things all the time, not focusing on the movie I was watching and shoveling my lunch down so I could get back to it and I know that’s such an unhealthy approach.
Thankfully, I’ve learnt ways to take care of myself better now, which include getting up earlier, doing Yoga in the morning, always taking a break at lunch and watching something I enjoy and not doing work late into the night.
Are you self-employed? If so, do you have any tips to add onto this list? Would you like to be your own boss or do you prefer to work for a company? Any plans on starting up a business? Let me know!
* This is a sponsored post
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I have tried several ways to make money at home. The most important thing is to organize your schedule correctly, because if you are at home, then there are a lot of moments that can distract and interfere, but this is in the beginning. In general, it is very convenient to decide for yourself what time and how much you work. Good luck everyone!
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Great intro, it would be great to see a more in depth post about the steps bloggers have to take to be self employed. I mean where do you start? I would love to make money from my blog, but just do not know what is involved in setting up a company etc. It is a very scary and daunting thought.
I have plenty of blog posts about turning your blog into a business and where to find blogging opportunities if that’s what you mean?
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My parents are self-employed and HMRC are so difficult to deal with! Would love to be my own boss too, and if I ever do I’ll be coming back to this post.
Amy | hookedonthemusic.com
Thankfully I’ve not had to deal with them THAT much xxx
[…] it is, especially if you’ve never done it before or it’s new to you. I’ve been self-employed and working from home for a few years now and although I’ve not quite perfected my routine, I […]
I’d love to be self-employed with my blog! It’s a long process, but I’m looking forward to the day when I can actually be self-employed!
I’m sure you could get there 🙂 xxx
Reblogged this on Amy Louise Irving and commented:
Any tips on someone who wants to go self-employed, perfect for bloggers!
I’m not self-employed but over the last couple of months I’ve started to earn a little money from my blog and while it’s quite exciting, it’s also very overwhelming! Your tax advice is super useful, thank you for sharing. And thank you for your organisation tips! I definitely am the opposite of you and find myself playing the Sims when I should be blogging, so I’ll need to take your tips on board haha!
Beth x
Haha it totally shouldn’t be overwhelming at the moment, when you have to pay tax that’s when it ramps up! Just make sure you write all your payments down and who they’re from and you’ll be fine 🙂 xxx
Great post 👍
Great tips! And your blog looks great x
Thank you 🙂 xx
Nice post! I’m at the very early stages of blogging on my own platform, so I don’t know a lot about making it a business. This was helpful. 🙂
Glad you found it helpful 🙂
Great post! Very interesting read and some great tips!
Thanks 🙂 xo
These are great tips for people who want to be self-employed. I know a few people who like being their own boss but could USE these tips! It is so important to be organized because there might be times when they need to pull specific paperwork – imagine all of the time that could’ve been wasted! Thanks for sharing your thoughts~
Nancy ♥ exquisitely.me
Haha oh dear! 🙂 xxx
Thanks for the concise post! I want to be a self-employed blogger one day, and it’s good to get an intro to some of the more practical aspects, especially when it comes to what’s expected of you tax wise 🙂
– Stela, stelawrites.com
Thank you, you really do have to be clued up 🙂 xx
I haven’t seen this topic discussed much, and it needs to be! Thank you for sharing! I keep receipts for nearly everything, you could say I hoard them lol but for good reason! Its important to keep all documents in such a way because you will need them come tax time.
Haha! It’s crucial to hoard them if you need them 😉 xx
I think being my own boss would suit me much more than working for someone. I am just so fearful of not making enough money or messing things up. It all seems so complicated.
Thank you for sharing some tips!
Louisa
I’m always fearful of the money aspect. I think I know that I’m not making as much money as I probably should / want to be but I’m continuing to work super hard xx
Been self employed since 2013 I love being my own boss! Organisation is key though, from filing every single book receipt and logging it in outgoings, to knowing what your workload is like from week to week! I think it’s dead important that you’re working week isn’t 100 hours and not much money to show for it! Nothing worse than that!
I hate that! I can totally relate I hate getting to the end of the month and thinking UGH xx
Thanks for putting together this list! I’m looking at going self employed as a freelance writer so any tips are most welcome!
Good luck! 🙂 xx
defo the thought of taxes etc is so daunting but thanks for sharing the Talk Tax website 🙂 really helpful and positive x
Thank you! 🙂 xx
great post!! btw, i love your stationery. i bet being self-employed can be challenging because it can be hard to separate work like from rest. you’re right tho it’s best to have a routine!
xo, Nora
http://simplymissnora.com/
It really is, it’s hard to switch off sometimes! xx
These are great tips! I would absolutely love to work for myself in the future!
I hope you get there! 🙂
This is a fantastic post Jenny, I love the advice, a lot of it rings true. I am a carer right now so only work part time but in the not so distant future I would love to work for myself and really expand on what I am passionate about, but the tax thing terrifies me, it seems such a big complicated list of rules and jargon, so I’ll be checking that site out for tips definitely.
Haha it’s not so scary – just boring more than anything ha ha! There’s plenty of advice around though 🙂 xx
I would love to be self-employed one day – whether it be through blogging or via a different means. Thank you for the tips!x
You’re welcome 🙂 xx
Some useful advice! Thank you!
You’re welcome 🙂
Great post Jenny! Going self employed is my ultimate dream but there are so many things to consider that your post have helpfully addressed. I hope one day I can make the leap and will be sure to keep in mind the advice you have given.
Melanie | http://www.frasersfunhouse.com
It’s definitely not a decision to make lightly! xx
Since I’m just going off to University next year I haven’t really thought about being self employed. I’m not really sure its for me, I love being a part of a bigger team and I think thats how I work best. But hats off to everyone who makes that difficult decision to become self employed.
Katie xx
nerdsnumbersnatterings.blogspot.com
I think you can still make that happen even if you are self employed but you’re right it’s definitely not for everyone xx
I personally am not self-employed but it is something I would think about if my blog became successful enough – but you are right about HMRC being a tricky thing! I’ve also found their forms really confusing somethings to fill out whenever I have started a new job! Thankfully both my parents work within the accounting industry, so there’s always someone on hand to decipher it for me!
Ellyn xx | Life Of A Beauty Nerd
That’s SO handy! xxx
Great tips. I’d love to be self-employed, I just need that bright spark of an idea to get me going haha.
Steph x
http://www.wanderlustpulse.com
Haha blogging? 🙂 xx
I work full time and have blogging as a hobby but anyone wanting to do it as a job this post would be great xx
Thank you 🙂 xx
I’m not self-employed, but my parents are and I see how stressed out it makes them and how they don’t switch off. It’s a shame, but that’s owning their own business I guess. Great post for those wanting to know!
Amy | hookedonthemusic.com
It’s a shame they can’t switch off sometimes xx
These are such amazing tips my lovely! I know a lot of people will benefit from this who want to go self employed!
Love, Amie ❤
The Curvaceous Vegan
Thank you 🙂 xxx
These are great tips! I completely agree with every one! I think organization would be my most important tip out of all of yours!
Absolutely 🙂 I’d be totally lost if I wasn’t organised xxx
Some good tips there! Currently, the tax aspect would put me off going self-employed but that might change in the future.
It definitely shouldn’t put you off because you only fill out your return once a year!
I’m currently self employed and tax is the bane of my life x
http://www.ofbeautyandnothingness.co.uk
Annoying isn’t it!
I used to long for the day where I could become self-employed, now after doing it for a year I really wish I hadn’t. I am not motivated nor do I have the willpower to deal with HMRC anymore. I am constantly filled with anxiety, worrying if one day someone is going to knock on the door and drag me off to prison because I filled out my tax form wrong, ahah!
Oh gosh no haha! Don’t worry about that I can guarantee you 100% they won’t drag you to prison xxx
I love the article, I found it very interesting. I have often wondered about becoming self employed but felt I was lacking info. This has given me some brilliant things to think about. Love Iga Berry, http://www.igaberry.com
Thank you 🙂 Glad it was helpful! cxx
Great tips! I would love to be self employed one day but I know I would have to push myself and be strict because I can be a bit lazy sometimes! I do worry that without a boss I would end up just watching Netflix all day instead of doing any actual work haha!
Haha that’s where breaks come in! I still watch Friends during the day, just when I’m eating my lunch! 🙂 xxx
You must be so disciplined, I feel as though if I started watching something I would probably never stop and no work would get done! X
Lovely post, very interesting and informative! 😊
Emily | http://www.thatcreativegenius.wordpress.com
Thank you 🙂 xxx
For me I think the best thing is the fact it’s more flexible, if you’re not feeling it or lacking motivation first thing you can always work later or you don’t have to worry about a midweek appointment or whatever because your time is yours. The tax return definitely isn’t the fun part x
Sophie
http://www.glowsteady.co.uk
Oh totally! I do that a lot. Some days I’m so motivated and work from the second I wake up and other days I can’t bring myself to do anything so I’ve found that it’s better not to force it and just make it up the following day 🙂 xxx
This is such a helpful post, I still need to do my tax return for 2017/18 so I’ll definitely check out that website as I’m really struggling! Great post as always 🙂
http://www.katelovesx.co.uk
Oh no! They’re a nightmare aren’t they, I do mine ASAP so I can get it out the way xxx
Such a great load of suggestions and tips … it’s hard word and a lot of self discipline is needed especially in those early times! Great post! Katie x
Definitely! Thank you 🙂 xxx
Being self-employed is something I really want for my future! Thankyou for this post – great tips 🙂 abbiejadewanders.co.uk
You can definitely get there! It’s so attainable now 🙂 xxx
Being self-employed is the ultimate dream, I’ve never had much success working for other people 🙈. This is such a helpful post Jenny, you always seem so organised so your the best person to give this kinda advice! Thanks for sharing your tips 💖 xx
Bexa | http://www.hellobexa.com
Haha awh thank you! 🙂 xxx
I can’t recommend self care enough in self employment land. I took the leap last year and it really is crazy hard work, worth it, but very tough! It’s important to recognise when you need a break isn’t it 🙂 x x
Ellis // http://www.elliswoolley.co.uk
Definitely important and just as important to not feel guilty about having a break too! 🙂 xxx
Being self employed is my dream! I really hope I can make the leap this year and start my own journey 🙊 amazing and informative post as always Jenny; you’re definitely a great role model for being organised!! Although I hope you can start to take more self care time in future- I know how hard it can be to turn off from work mode 😔 xxx
Jade | jademarie.co.uk
That’s so exciting I hope it all falls into place for you soon! New ventures are always so exciting 🙂 and me too! It’s so hard but I’m working on it and definitely getting better 🙂 xxx
Thanks Jenny 😊 I hope you can get a routine going and find it easier soon! 😊 xxx
Brilliant advice, there’s so much I wish I knew about before i went Self-Employed, you can read up on so many things but doing it for yourself is a different kettle of fish. I personally found it really hard to keep a routine, and it can get awfully lonely when you work for yourself too, for me my part-time job has been brilliant for removing the element of loneliness and providing me with a constant routine.
Emma x
emmarollason.com
You literally have what I want! I’ve been working from home and self employed for years now and I love it but I do get dreadfully lonely and crave that “work environment” too. I’m looking for a suitable part time job to go alongside it 🙂 xxx
This was so helpful as my boyfriend and I have just set up our own business and whilst we’re trying, it’s hard to know exactly what to do! I’m gonna show him this post when he gets back from work and we’ll 100% be using the tips you’ve given so thank you!
Liz xx
Awh I hope you both find it helpful! If you have any other questions just drop me an email and I’ll try my best to help 🙂 xxx
I’d love to go self employed in the future. I’m currently doing an apprenticeship in Digital Marketing which goes on for another year, but would love to try it after I’ve finished if I can! I have to say I hate having a messy desk haha, so I pretty much keep it tidy everyday – love that tip! This post was super useful to read and will definitely keep note of your other tips too for future reference. I would guess the hardest bit is trying to get that balance, but I’m glad to hear that you seem to have sorted it out now – you definitely deserve a break after all your hard work!
Amy,
https://creativenails.uk
That’s a career where you could definitely go self employed with! xxx
What a wonderful post! I haven’t decided yet what to do when I ”grow up” haha, but I’m clearly dricving myself into a self-employed way. Let’s see, after school 🙂
Haha! Neither do I don’t worry 😉 xxx
HMRC is such a nightmare to be honest! I am so confused over everything! I do some freelance work aside my full time job so i am registered as self-employed as well. Would love to be fully self employed!
It really is, so confusing when you don’t know what you’re looking at!
I love this post. I am taking steps towards setting up my own business, I’m thinking about selling wedding stuff like invitations and flowers so this is a really useful post. It’ll definitely help me to be more clued up on the tax side of things. I feel like I’ll be good at making bounderies for myself or at least I hope I will be.
Abbie
overpeachchic.com
Awh that’s great and so exciting! I hope everything works out for you 🙂 xxx
I don’t know if I’d ever want to be self employed, though I am considering pursuing translation as a career, but this was really interesting. The taxes element sounds pretty time consuming for sure!
Amy x
Some careers will require you to but it’s great once you get into it and have all the info 🙂 xxx
I’d love to take my blog self employed once it makes some money so these tips are so helpful because I literally have zero clue where to start!
If you make money from your blog you HAVE to register as self employed, even if it’s not a lot 🙂 So you will be at some point!
This was really helpful! 💖
I’m so glad! 🙂 xxx
Interesting post.! Too often people skip the basics and focus on trying to make a huge profit which isnt always guaranteed.
Absolutely, it’s not and you’ve always got to focus on the other stuff too.
Great intro to a well needed topic! So many people going self employed these days.
Xx
Thank you 🙂 Agreed, it’s great to see! xxx