Self employment
In the UK, ever more people are choosing self-employment as a way to earn a living – around 4.5 million at the last count. Self-employment puts you in charge of your working life, so in theory, you can choose who you want to work with, the hours that you want to work and where you want to work.
In practice, self-employment can be very hard work, lonely and financially very uncertain. It demands certain personality traits and a great deal of self discipline. It is certainly not right for everyone. That’s why the greater majority of people still choose to work in regular employment.
But if you are considering self-employment, either as a way of progressing your career or to get you back into paid work, the resources here will help you understand what’s involved and to decide whether it really would be right for you.
First steps in considering self employment
If are considering self employment, but aren't sure whether it might be right for you, or even which questions you need to ask, you've come to the right place.
Working freelance
Somewhere between employment and running your own business, freelancing is an option that some people choose as their preferred way of working or as a temporary stop-gap. There are clear advantages but also some very real drawbacks. Would your circumstances and attitude to work make it the right choice for you?
Considering self-employment video series
Part 1 – Your business idea
A short video series. Here we consider the viability of your business idea - what you need for successful self-employment.
Part 2 – Personal implications
A short video series. Here we will look at the implications of self employment on your life and on your loved-ones.
Part 3 – Business costs
A short video series. Thinking about the costs that you would need to cover if you choose self-employment.
Part 4 – Banking and insurance
A short video series. In this segment we will look at the question of banking and insurance for self-employment.
Part 5 – Keeping on top of financial records
Short video series. Here we consider what it takes to keep on top of your finances and avoid the wrath of the taxman.
Part 6 – Raising finance
Short video series. If you would need money to start-up your business, this video provides a brief overview of the options.
Part 7 – Business failure
Short video series. In this final segment, we look briefly at how many new businesses fail, and ask some critical questions that you need to consider sooner, rather than later.
Further thoughts and next steps
Self employment viability checker
After careful consideration, you've decided that you would be well suited to self employment and everyone you talk to likes your business idea. So what more do you need before getting started? Use this checklist to make sure you haven't overlooked anything...
Are you selling services or solving problems?
Self-employment gives you the opportunity to do work that matters and that makes a difference. This article will help you consider how you are going to position and market your business to the right people.
Sole trader or limited company: which would be best for your new business?
The legal structure of your new venture is an important consideration. This article sets out the pros and cons of sole trader status vs a limited company.
Sources of finance for starting a business
Starting your own business will always require some funding. This article explores the options available to you.
Looking for something different? Return to the full list of resources.
