5 Things You Must Do When You Go Self Employed

what you need to do when becoming self employed

One of the main benefits of becoming self employed is the ease with which you can start up and run your new business.

You can even become a sole trader (another term for self-employed) whilst working as an employee for someone else, so you can test the water and see whether working for yourself suits you.

To help you understand some of the most important issues, you’ll need to tackle, here are 5 things you need to do when you decide to go self employed: (more…)

Setting Up in Business as a Sole Trader

how to start in business as a sole trader

Becoming a sole trader is the simplest way to get your new business off the ground. You can start trading immediately, subject to any industry-specific licences or insurances you might be required to have.

As a sole trader, you will have complete control over your business and finances. You can adapt quickly to any changes in your business, without having to concern yourself with a great deal of bureaucracy. (more…)

Graduate entrepreneurs lack support from universities

UK graduates interested in freelancing or self-employment feel their university should have done more to support them, according to a new study by business insurance broker PolicyBee.

The study, which surveyed just over 1,000 recent graduates, found that 62% of graduates said freelancing or self-employment was not discussed at all by their university’s career department. (more…)

What is a sole trader?

There are around 2.8 million sole traders in the UK. It is the most popular, and simplest, way of starting and running a business.

In this guide, we take a look at what exactly a sole trader is, the key things you need to know about becoming a sole trader, and whether it is the right business structure for you.
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Surge in number of self-employed since 2008

Data released by the Office of National Statistics this week shows that the total number of self-employed has reached an all-time high of 4.2 million, with almost 370,000 extra people working for themselves since the economic downturn started in 2008.
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