This is the final installment of my short guide aimed at helping you to start out self-employed life correctly. Your can read parts 1 + 2 here:
Self Employed Checklist Part 1
Self Employed Checklist Part 2
You’ve now registered with HMRC, chosen your business name, registered for VAT and PAYE (if applicable) and put a record keeping system into place. What about when clients pay you and how to you let people know you exist?
7. Business Stationery
You must make sure that any business stationery you use has on your name and your business name i.e Your Name t/a Your Business. This will include stationery such as letter-heads, business cards, invoices, quotes. It lets people know who you are and helps create a professional image. If you do not have the talent to create your own stationery, seek help from someone. You can only make one first impression with a new client.
8. Bank Account
Where are you going to keep the money that you earn through your business? If you are a sole trader you could pay it into your own personal account, but this could present problems when trying to track payments and receipts. Consider setting up a separate bank account to handle your business’ transaction. Several banks now offer free business banking for extended periods.
9. Website
The internet has brough the business world closer together. You can now trade with anyone anywhere in the world. A well presented and maintained website will help increase your profile and could lead to more sales. There are lots of hosting companies that all offer excellent rates for basic websites. Some of them come with software to help you create your perfect website
10. Social Media
This is another fantastic way to let people know about your business and it’s service/products. Twitter, Facebook & Linked-In are fantastic for small businesses. You should strongly consider creating a social media presence and using it to drive people to your website and make new business contacts. There is an excellent book by Mark Shaw about using Twitter for small business – Twitter Your Business – it’s cheap and very useful!
Don’t lose sight of the reasons that you started your business. Keep re-assessing your goals and adjusting them as needed on your path to success. If you ever need any help with the bookkeeping side of your business, please don’t be afraid to contact me