{"id":3076,"date":"2017-07-14T22:38:24","date_gmt":"2017-07-14T22:38:24","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=3076"},"modified":"2020-02-27T09:31:56","modified_gmt":"2020-02-27T09:31:56","slug":"4-tips-newly-self-employed","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/4-tips-newly-self-employed\/","title":{"rendered":"4 Tips For The Newly Self-Employed"},"content":{"rendered":"

\"4<\/a>
4 Tips For The Newly Self-Employed<\/figcaption><\/figure>
\nIf you are newly self-employed, you may be feeling quite excited about running your own business. Being your own boss is quite a unique feeling, however knowing that you only have yourself to answer to means you need to make all of the decisions. Your new career is potentially the start of something big; you could find yourself making as much money as some people have on the Timothy Sykes millionaire challenge <\/a>, however, you could also find you need to work a lot more than you realized.
\nLet\u2019s take a look at 4 tips that could make a real difference to your new business:
\nRegister Your Business<\/b>
\nYou need to tell the relevant authorities that you\u2019re running a business. You\u2019ll also need to tell them what type of business you\u2019re running, and the value of any business assets you currently have.
\nOnce you\u2019ve registered your business, you will have to start paying taxes, and looking for the right insurance premiums to keep you protected. You\u2019ll also have to notify the relevant authorities where you\u2019re working, and how much work you think you\u2019ll have.
\nFigure Out A Budget<\/b>
\nThink about how much money you currently have, and how much you\u2019re likely to spend on rent, service costs, equipment costs, and any other costs <\/a> that you have. Working out how much money you can spend will help you to make the right decisions. If you don\u2019t have very much money right now, you might want to think about how you can increase your income without spending very much.
\nKnow Who Your Market Is<\/b>
\nAs a new business, one of the best things you can do is understand who your target market is. This is because advertising to the right people can save you a lot of money in the long term. Let\u2019s imagine that you want to open a bakery, who are your target customers? Are they middle aged people with a lot of disposable income, or are they workers who need to buy something quick for their lunch?
\nAnother benefit of knowing who your market is <\/a>, means you can create the right products for potential customers, meaning you\u2019re more likely to make a sale.
\nWork, And Then Work Some More<\/b>
\nIt doesn\u2019t matter what you do, or how many people you have working for you. You need to work at your business, and then work some more. Be prepared to work evenings and weekends, even if you have another job. You need to put the work in.
\nIf you try hard to keep your new business afloat, you\u2019re more likely to succeed. So work first thing in the morning if it means you\u2019ll get a lot more done. Finish late at night having achieved a lot in one day. The first few months of a businesses life can be very hectic, but they can also help you to understand more about your customer base, how efficient you are at different times of the day, and what you\u2019re doing wrong, and right.
\nUse the above tips to help you get ahead, and make a success of your business. Keep at it, and you\u2019re more likely to succeed, and be your own boss for many years to come.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you are newly self-employed, you may be feeling quite excited about running your own business. Being your own boss is quite a unique feeling, however knowing that you only have yourself to answer to means you need to make all of the decisions. Your new career is potentially the start of something big; you […]<\/p>\n","protected":false},"author":7,"featured_media":3079,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[25,1],"tags":[],"acf":[],"yoast_head":"\n4 Tips For The Newly Self-Employed - OpenBusinessCouncil Directory<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.footballthink.com\/4-tips-newly-self-employed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4 Tips For The Newly Self-Employed\" \/>\n<meta property=\"og:description\" content=\"If you are newly self-employed, you may be feeling quite excited about running your own business. Being your own boss is quite a unique feeling, however knowing that you only have yourself to answer to means you need to make all of the decisions. 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