Retirement, for many of us, looks different. In research we […]
Self-employment can be an appealing career path; the flexibility to work whenever and wherever you want, the unlimited earning potential, the freedom and flexibility to work with the clients and projects of your choice. Whilst working for yourself can be an empowering career decision, it can be a huge risk and proper preparation is key. Here are some factors to consider before launching your own business.
Decide on your strategy and be clear on your offering - conduct market research and identify your target market and the most effective way in which to sell your services. You will need to think about:
A business plan or a SWOT analysis will help assess your business strengths and weaknesses, analysing business opportunities and threats is a useful technique to help you clarify your business idea, spot potential problems and set out your goals.
If you start working for yourself, it’s important you get the right business set up. You need to think about whether to start out as a sole trader or a limited company. Once you have decided on your structure, make sure you research your tax, VAT and IR35 responsibilities.
As you are working for yourself you must be proactive in marketing your business and services. It is important to remain consistent in your image and how you present yourself to your existing and potential clients.
Renovo is the UK’s leading outplacement and career transition specialist. We work with both organisations and individuals to support all their career transition requirements. If you would like to understand how Renovo can help you, please call 0800 612 2011 or email firstname.lastname@example.org