This week, I answer a listener question about preparing for self-employment. You may also recall the session from a couple of weeks ago about adding a sideline income – this week’s show will help with that too…

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In this session:

Regular listener Andy wants to know what he might need to put in place before going self employed, particularly bearing in mind that he may not be able to draw a regular monthly income at least in the early stages of his business.

In this session, you'll discover:

• The easiest thing to forget when you're preparing for self-employment
• The one thing you'll need to to do to survive as a self-employed person
• Why it might be best to start with some money behind you
• One big decision which will dictate your tax situation
• Why it is so important to keep good records form the start
• Some things you should be sure of if you're working from home
• The insurance you should think about
• What you need to know about pensions, and…
• Why you need to register with NICO.

Remember that a full transcript of the show is available by clicking the big blue button below:

Resources mentioned in this show

• Book: Emyth Revisited – Michael Gerber (affiliate link)
• Accounting software: FreeAgent (affiliate link)
• Accounting software: Xero
• Podcast: Auto-enrolment
• Website: Gov.uk – registering as self-employed

Join the conversation

I love to read and respond to your comments, so please do join in and share. Question: Are you preparing for self-employment? If so, what steps have you taken?

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No reviews this week due to recording a couple of shows in quick succession.

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