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Old 07-07-2009, 03:21 PM   #61
noewhan
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Good advice, but also be very careful. Look into failed businesses, and why they failed.
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Old 07-07-2009, 03:54 PM   #62
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Good advice, but also be very careful. Look into failed businesses, and why they failed.
too many people taking too many loans
also
too many people doing the same thing with no originality to their name .
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Old 07-07-2009, 06:44 PM   #63
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Default Done this and it's no bed of roses.

Sorry to sound negative but I've ran a business from home for 13yrs.I started it out of nothing and it was very successful.Now this awful recession has hit it has dwindled my business down to 99.9%.Depending on the business in this economic climate there probably will be some sucess'sDon't think running a business is easy it can be 16 hours a day and it becomes your life.You have to divide your business from your life.In fact My business will probably be closed down and things are not great financially.All what was saved has gone.So I'll be back if I can in the greater working world.Because of this I stand to lose my home.Sounds negative but to be honest even letter's to Downing Street have just been send back with a feeble reply.The news are only reporting big business failures not small ones.I thought I was free and when it was working well it was.I do have a hobby for cake designing but now I've no investments to do it as a business.If I pray one I must do it every hour of the day.
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Old 09-07-2009, 10:01 PM   #64
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What kind of stuff do you write?
Well firstly I own a popular pro wrestling news website, which earns most of my money through advertising. This is my foundation.

I then work on a Freelance basis where webmasters hire me to write them articles in order to show up in search engines. So if they make a site selling mugs, I must churn out articles about mugs, focusing on their keyword. In that respect I can label myself a Search Engine Optimization specialist, but I just go with writer, it sounds cooler.

On the side I'm teaching myself to write screenplays. I'm hell bent on getting Icke's stuff on the big screen LOL
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Old 09-07-2009, 10:02 PM   #65
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Originally Posted by joyce7 View Post
Sorry to sound negative but I've ran a business from home for 13yrs.I started it out of nothing and it was very successful.Now this awful recession has hit it has dwindled my business down to 99.9%.Depending on the business in this economic climate there probably will be some sucess'sDon't think running a business is easy it can be 16 hours a day and it becomes your life.You have to divide your business from your life.In fact My business will probably be closed down and things are not great financially.All what was saved has gone.So I'll be back if I can in the greater working world.Because of this I stand to lose my home.Sounds negative but to be honest even letter's to Downing Street have just been send back with a feeble reply.The news are only reporting big business failures not small ones.I thought I was free and when it was working well it was.I do have a hobby for cake designing but now I've no investments to do it as a business.If I pray one I must do it every hour of the day.
What was your business?
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Old 09-07-2009, 11:33 PM   #66
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Long Post: apologies in advance.


I registered as SE in November of last year so I could be a distributor for eco products. Then my personal life took a major nose dive. I had to deal with social workers, CAFCASS, solicitors, child court, my current relationship was cracking under the strain and the final blow was my miscarriage.

As I havent done anything with the business I've decided to sack it. Now I'm worried about HMRC. I can give them accounts (easy really seeing as theirs no income and very little outgoings to declare) but I dont seem to have an SE number or one of those cards that was mentioned in an earlier thread.

Now that my annus horribulus is over my partner and I have decided that it would not be viable for me to work too as p/t work would bring us no extra benefit and f/t work means that our little boy would have to go to full time childcare which is totally unacceptable to us. I have decided to become a full time writer. Actually I have been writing al my life but now I am going to start submitting my work to competitions and magazines. Can I register as SE for this? And do I have to "de-register" from the other business first.

Any advice would be fantastic!!!
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Old 10-07-2009, 08:11 AM   #67
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Sorry to sound negative but I've ran a business from home for 13yrs.I started it out of nothing and it was very successful.Now this awful recession has hit it has dwindled my business down to 99.9%.Depending on the business in this economic climate there probably will be some sucess'sDon't think running a business is easy it can be 16 hours a day and it becomes your life.You have to divide your business from your life.In fact My business will probably be closed down and things are not great financially.All what was saved has gone.So I'll be back if I can in the greater working world.Because of this I stand to lose my home.Sounds negative but to be honest even letter's to Downing Street have just been send back with a feeble reply.The news are only reporting big business failures not small ones.I thought I was free and when it was working well it was.I do have a hobby for cake designing but now I've no investments to do it as a business.If I pray one I must do it every hour of the day.
It gets me when i hear stories like this , I feel for you i truly do .

Before I comment I need you to know that this next section of this post is not aimed at you , but in a way is more of a generalisation of what goes wrong with many businesses and the next bit will be how not to get in this situation again .

Many businesses do develop into large businesses . When I say "large" Im not talking about Tescos or asda etc big .
Im talking about getting 2 vehicles / or / more than 2 people in the company and above ----------Now that covers nearly 97% of all businesses doesnt it ?
yep !
well , when companies get large --- ( and you will soon see why I call even these tiny numbers large ) they usually end up with all their money in bank accounts / relly upon banks / usually have some sort of loan here and there / have to pay others for working for them ON TIME / have all sorts of fees to pay / health and safety inspections / and ofetn have clients that dont always pay on time / and most importantly --specialise in one area alone .

specialising is OK --------but it is a limited product .
for instants , you might get a house alarm from a specialist company , but what happens to that company when better and more competative companies come along with cheaper prices ?

what does that company have for a back up ?
I will tell you .-----------------------NOTHING !
Only advertising and going cheeper , thus eventually dwindling away into the sand .

all the points I mentioned above have been on top of my research as a self employed person a few years ago .

specialising in one subject is a very risky thing to do .
one must always have backup plans , IE , try to do 2 or more things , and not just one thing .

money in banks is well risky , some have learned too late .
loans are risky and should never be taken out as part of creating a business !
how can one earn / if all the business is based on a loan ?
technicly ----everything is based upon a concept that that the company isowned by something and someone else until that money is payed back .




the way to avoid a downfall is to start off the business with next to no money !
make everything , even if it means writing it all and drawing 1st hand pictures , with as little money as possible .
make a wide range of services ! this is important because if one service is no longer required by the market , back up systems will and should still do fine and atleast pull ya through hard times .
PEOPLE ------------ try not to get more than your self and your wife or husband involed with self employement as this can add to in goings and out goings . outgoings dwindle profit .

why employ 100 people ? what good would it do ? ok fine a get rich idea , but if that idea then comes crashing down in a ressession , how has being rich done anything good when the guy next door still might be earning small ammounts as a lone self employed man and still has his house being payed for or atleast has the interest payed on his house ?

being mainly ------a single operative is the best key .

get no loans !
higher no property to do this on !
donty go for all contracts asap , or all work might has been done and then there might be a quiet spell .spread out your work .
dont trust banks --------nuff said on this one .
dont go big , just go large enough to support your self and family .
create more than one service .

the best services are those that are needed during a ressesion because these types servive the course .


I hope that some of these points have helped you , even though I sure its no comfort to your situation , however it could be used in the future if needed .
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Old 10-07-2009, 08:14 AM   #68
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Originally Posted by brighteyes View Post
Long Post: apologies in advance.


I registered as SE in November of last year so I could be a distributor for eco products. Then my personal life took a major nose dive. I had to deal with social workers, CAFCASS, solicitors, child court, my current relationship was cracking under the strain and the final blow was my miscarriage.

As I havent done anything with the business I've decided to sack it. Now I'm worried about HMRC. I can give them accounts (easy really seeing as theirs no income and very little outgoings to declare) but I dont seem to have an SE number or one of those cards that was mentioned in an earlier thread.

Now that my annus horribulus is over my partner and I have decided that it would not be viable for me to work too as p/t work would bring us no extra benefit and f/t work means that our little boy would have to go to full time childcare which is totally unacceptable to us. I have decided to become a full time writer. Actually I have been writing al my life but now I am going to start submitting my work to competitions and magazines. Can I register as SE for this? And do I have to "de-register" from the other business first.

Any advice would be fantastic!!!

If you go self employed as a writer -------------call it -----free lance creative writing.
otherwise they might think that you are a writer for a company instead of being self employed .
keep your 1st 2 year estimates of earnings LOW !

otherwise they might not pay you according to your entitlement .

employement number ?

yeah , just go to the tax office and get one .

its no big deal , if you never had one , and have earned loads of money , i do recomend that you tell them etc

otherwise dont worry ,
just get ya number , and keep all receipts .
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Old 10-07-2009, 09:22 AM   #69
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If you go self employed as a writer -------------call it -----free lance creative writing.
otherwise they might think that you are a writer for a company instead of being self employed .
keep your 1st 2 year estimates of earnings LOW !

otherwise they might not pay you according to your entitlement .

employement number ?

yeah , just go to the tax office and get one .

its no big deal , if you never had one , and have earned loads of money , i do recomend that you tell them etc

otherwise dont worry ,
just get ya number , and keep all receipts .
Thanks tracker.

Interesting that you mentioned in the previous post about starting up with little or no money as this is exactly what I am doing. Luckily I already have the equipment I need at hand.

The eco business that never got off the ground left me less than £100 down on initial outlay so, from a finance point of view, not a major disaster at all.

As I have no access to start up funds anyway (no credit card, no overdraft, no credit history) freelance creative writing is the perfect direction for me. I am also very lucky in that I have a partner who works full time and supports my plan 100%. It is challenging living on one wage but not impossible in our case so any income I earn will be a bonus as opposed to a necessity and, best of all, I dont have to rely on childcare.

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Old 10-07-2009, 09:59 AM   #70
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Thanks tracker.

Interesting that you mentioned in the previous post about starting up with little or no money as this is exactly what I am doing. Luckily I already have the equipment I need at hand.

The eco business that never got off the ground left me less than £100 down on initial outlay so, from a finance point of view, not a major disaster at all.

As I have no access to start up funds anyway (no credit card, no overdraft, no credit history) freelance creative writing is the perfect direction for me. I am also very lucky in that I have a partner who works full time and supports my plan 100%. It is challenging living on one wage but not impossible in our case so any income I earn will be a bonus as opposed to a necessity and, best of all, I dont have to rely on childcare.


Yeah creative writing always sells . Childrens books is one big seller .

creating a busniess is much better when its connected to a hobby , because one might already have nearly all the equipment , which helps somewhat .

I laughed once in a bank , they really fked up , to cut a long story short they asked me about if i had business insurance .
I laughed , because i said it was stupid to think that anything beyond carefull planning and back up is insurance .

Im an engineer .
I have 5 tool sets .
1st ) in the home
2nd ) in the garage
3rd ) in my vehicle for work
4th ) in a lock up somewhere in a universe farfar away from big bro,s eyes .
5th ) at a relations house .

So how can I be robbed ?
what damage would it do other than justify why I have the other 4 ?
how can it stop me working ?

Over the years , and I mean slowly but surely , when every one else went out drinking , sad old tracker bought tools for the job .
chocolate ? no thanks , save that pound and get a spanner lol.

never keep all ya eggs in one basket .

my point is this .

since you obviously have internet , one can always also create online E-books .

sell them cheaper than the shops with big adverts like

- - - - - cut out the middle man and get your quality books cheeper online ------------or something like that .

Spirituality is a big market .
self help
etc

I Know a local man , only had a small garden and small house .
One day he wrote a book called easy gardening -----------or something like that , he was 78 years old and it wasnt a big book , but it got published .

he never wrote before

so if he can do it and I am glad you read that previouse post above .

we all can .

Ontop of some of these points is this one .
DOnt offer your services too cheaply .

A business man ( who I researched on through his claims ) wrote a book about how to start your own business with less than $60 .

He was selling them at $10 each .
guess what ?-------------No one bought them , none were sold .

so for an experiment he raised the book price up to $90 .

guess what ?------------it became a top seller .

how is that for stupidity on behalf of the masses ?

the idea goes like this .

say for instante , there were two brain sergions .
both as qualified as each other both as good .

1st ) offers brain sergery for $100,000 .

2nd ) offers a free play station 3 with a cut down price of $50 .

which one would you choose ?

the top price guy ?
or
the cheepo guy giving away free play stations ?


PMSL

but its true .


Last edited by tracker; 10-07-2009 at 11:20 AM.
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Old 10-07-2009, 11:51 AM   #71
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Well firstly I own a popular pro wrestling news website, which earns most of my money through advertising. This is my foundation.

I then work on a Freelance basis where webmasters hire me to write them articles in order to show up in search engines. So if they make a site selling mugs, I must churn out articles about mugs, focusing on their keyword. In that respect I can label myself a Search Engine Optimization specialist, but I just go with writer, it sounds cooler.

On the side I'm teaching myself to write screenplays. I'm hell bent on getting Icke's stuff on the big screen LOL
I was doing something very similar to the wrestling site, articles, blog etc, but working for someone else. I had to write SEO content. I have tried getting freelance jobs, but the problem is that everyone seems to want you to write an article, I know for a fact that my boss had used the articles freelancers had sumbitted in order to try and get a job without paying them.

Then there is the fact that many freelance job sites charge freelancers who are looking for jobs. Also, I have seen people offering some crap money for writing jobs. I had to edit and proof reviews that were written in India for $1 per hour!

I am getting very demoralised with looking for SEO content work freelance, I have just started, have you got any advice at all please?
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