Running your own business can give you the freedom and peace of mind that no ordinary job can offer. Below, we’ve rounded up ten top tips for sole traders to consider…
1.Set up your business as soon as possible
Becoming a sole trader is simple – all you have to do is sign up on the Government website, and then keep a record of your business’ sales and expenses and submit a Self Assessment tax return at the end of every business year. The good news is that, after paying tax, you’ll get to keep 100% of your profits, so getting organised and signing up your business as soon as possible makes sense. Otherwise, you may have to submit the previous year’s finances and back-pay your tax, which can be time-consuming, stressful and costly.
There are a whole host of benefits of working for yourself, but one drawback is self-motivation. If you’re struggling to know where to start, create a calendar and organise where you’ll need to be, what you should be doing and how long you’ll need to do it for.
3.Get the best deals
Just as you would for your personal finances, you should shop around to get the best value for money on things like rent, marketing and insurance. If you have a van, for example, then you can find cheap fleet insurance quotes on websites such as Be Wiser. It pays to use price comparison websites and haggle to get the best deal – it almost always results in a discount.
4.Start your own website
Your website is your online shop front – it's where people will go to find out about what you do. Whether you're a mechanic or a hairdresser, a website is essential – use a web design tool such as Web.com or hire a professional web design company to create one for you.
5.Do some marketing
Nobody is going to buy from you if they don't know you exist, so do some marketing to get the word out. Consider printing off leaflets, set up social media handles for your business and put an advert in the local newspaper – every little helps in the early days of a company.
6.Save money when you can
Taking out a small business loan can work, but it pays to have money set aside for when you need new equipment or want to expand. Rather than boosting your salary or splashing out on expensive work meals and outings, save money as and when you can for a “rainy day”.
7.Collect money as soon as possible
Whenever you’re hired for a job, you should send out an invoice for the work – that way, you’ll be able to collect money and avoid being scammed. We recommend sticking to email-based invoices, as that way, customers can’t argue that their invoice was “lost in the post”.
8.Monitor your competitors
When you're in the early days of running a business, it's crucial that you identify your competition. Look around to see who else is offering services similar to yours, monitor their marketing and online activity, and see what they're doing differently to you. You can learn a lot about your industry by copying best practices from your competition, so don't be afraid.
9.Set up a bank account
Although you don’t technically need a separate bank account as a sole trader, having one can keep your personal and business finances from intertwining. Get business earnings paid into a separate account that you can monitor, and then transfer wages into your personal account. That way, you’ll be less tempted to spend money you’ve earned for your business.
A one-man-band business can be great fun, but it can also be lonely. Network with other business owners and industry friends, as they’ll not only keep you company when you’re sick of working alone, but they could become useful contacts when looking for new work.
There are lots of traders who know that they are not making any real progress in the Forex industry. If you look at these traders, you will find that all of them are trading the market and they are not controlling their emotions in Forex. It is a big battle that you have to win in the market if you want to trade the market for more profit. There are lots of people who do not understand this concept and thus lose a lot of money. This article will tell you how you can battle your temptation in Forex. We know you can get emotional when you are losing our money but it is all part of your trading career. This market is volatile and you cannot expect that you will make the profit every time when you place your trade. This article will tell you how you can battle your temptation in Forex when you are trading. It may seem hard but you can make it under your mind when you have known the techniques.
Emotions are often considered as the most dangerous enemy of the Forex traders. The majority of the successful traders in the United Kingdom often consider trading as a psychological challenge. You need to learn how to control the risk factors and make the consistent profit. Things are not so simple when it comes to real life trading. You have to develop a strong basic foundation and learn different Forex trading strategies to deal with the dynamic nature of this market. Being new to this industry you can take some professional course from the expert traders in the UK. Always remember when you invest money in yourself you have nothing to lose.
Build a simple system
Trading is all about managing your risk in an organized way. People in the United Kingdom are extremely concerned about their investment and they don’t want to take unnecessary risk. For this very reason, they always trade this market with a simple trading system. You might have learned many Forex trading strategies but it’s your duty to get the best things from each system to build a simple trading strategy. Always consider trading as your business to make a consistent profit.
Do not trade when you are emotional
We know that you will get emotional every time you lose the trade. That is why we are not saying that you cannot get emotional in trading. There will be times when you will feel emotional and you would want to trade the market. It is the risky time that you should not trade. In such situation, you should take a break just like the pro traders in the UK. If you feel like you are losing your money in Forex, take a breath and stop trading for a moment. It will give you the time to gasp down about the recent changes in the market.
Every trader lost money
Losing money in Forex is not going to end your lives. Every trader in this market has lost their money. This market is not easy to understand and you will also lose your money when you are a successful trader. If you can accept this reality, you will be happier with your trading. Having an impeccable trading history is not possible in Forex. You will have many loses but with consistent profit you can make money in your trades.
Take a break after every trade
Many traders trade the market without any break. This is not good and you can lose much money. After you have won some trades on the market, take a break and enjoy your success. If you have lost your money, do not trade the market. You will have a lot of time to think about your mistakes. If you start trading without the break, you will make the same mistakes and you will lose money and get emotional.
If you have a true love for writing, you’ll be familiar with that magical thing that happens when you're writing about something that you're passionate about – the words seem to flow out of their own accord and spin themselves into clever phrases right before your eyes with seemingly no input from you. Wouldn’t it be amazing if you could actually get paid to do that all day?
In the real world, however, it’s never that simple! Actually working as a copywriter means bending your pen to a host of different subjects and styles, many of which will not come naturally to you. Many times, you’ll need to write about subjects or products that you find completely uninspiring, or worse, actually go against what you stand for – imagine being a committed vegetarian and having to churn out some clever copy for a meat product, for example!
On the other hand, working for such a diverse range of clients, companies and brands is sure to keep you on your toes, and present a new challenge every single day. And while it can be very frustrating to have to deal with subject matter you're not particularly keen on, there’s also an immense amount of pride and satisfaction to be had in doing a good job anyway. And as an extra reward, there will always be those pieces that come along that you feel you were just born to write, and let you know you're still definitely working in the right career!
Working as a copywriter for an agency, versus working freelance:
The information age has brought about so many new ways to earn a living, and the field of digital marketingis perhaps the most exciting for someone who wants to work in a creative role from home. Working as a freelance copywriter from the comfort of your own home sounds like a dream come true for anyone who wants a bit more freedom to set their own schedule, work around their kids, or even just avoid the daily commute! And while it can help you do all those things, there are a few benefits to working in a 9 to 5 job that you're really going to miss out on too.
Freelancer copywriters often have more freedom over which projects they choose to take on, when they want to work, and how much they want to take on. Highly creative people often battle to stick to a routine and grind out engaging content on demand, so the option of being your own boss is very appealing. That said, they can also be incredibly talented at the fine art of procrastination, and without a boss to answer to, there’s a real chance that you're just not going to be able to get enough work done to support yourself!
And that’s another big drawback of working freelance – you're going to earn a lotless money. When you throw your hat into the working from home ring, you're suddenly competing with the entire globe, rather than just your city, or even country. There are literally millions of other freelance writers out there, and you're going to have to be willing to work for a lot less to get your foot in the door. And if you use one of the large international freelancing platforms to find your clients, they're going to take a not-inconsiderable cut of your earnings too. Nonetheless, if you're willing to take a bit of a lifestyle knock in order to set your own hours, take as long of a lunch break as you like, and never have to sit in rush hour traffic again, it can definitely be worth it.
Working for an agency in a more stable role comes with all the other perks, like a predictable salary, paid annual leave, and free coffee! (For whatever reason, copywriters and coffee have a close and intimate relationship!) You’re also guaranteed a much steadier flow of work, have the opportunity to socialize with and bounce ideas off coworkers, and you won’t have to fight quite so hard against the urge to procrastinate on challenging pieces and stick to deadlines. There’s also something about just being in a working environment and surrounded with activity that is bound to make you more productive – and once the work week is done, you get to take two full days off – a luxury freelancers can seldom afford!
Perhaps the most exciting part about being a copywriter, whether you work from home or for an agency, is that every day presents an opportunity to learn about something new, and challenges you to create content that your audience is going to respond to. If you love language and finding new ways of expressing ideas, then it’s a versatile and rewarding career path to consider!
Over this past weekend, I decided to play around with Google’s new app called Auto Draw. It’s a vector based app that responds to your tablet or phone sketch and then creates an icon based on recognition of shapes. For instance, let’s say you need a flower icon for a button on your site or an app you’re developing. Simply draw a flower on your tablet/phone and voila, you got a clean vector icon of a flower that can be easily manipulated and edited with a few clicks on the interface. At least, that’s what the video presented and which was what got me very interested.
The Google Auto Draw app is currently in a beta testing mode where it’s been integrated into the site itself. I found it not as easy to use as the video suggested and tried it on both my iPhone and my iPad. There didn’t seem to be, that I recognized, any ease of use from either device.
My 5-year-old son is a whiz on his iPad so I let him try it out and see if maybe I was a bit too hasty in my critique. He played with it for about 2 minutes and was not in the least bit interested. The shape recognition seems to be lacking in a few areas, but for the most part, it’s very cognitive of what it is you might be trying to draw. The stroke of the lines, curves, and angles are spotless and reminiscent of the Bell System logo from the 80’s. I like that, and it’s a clean and simple rendering that just about anyone can do. In my professional opinion, I think it’s perfect for a less experienced marketing executive looking for fast and inexpensive vector art for a PowerPoint presentation.
I also see Auto Draw being of use to seasoned designers that need instant vector art on the fly. A lot of times I spend valuable minutes looking thru files and folders trying to locate something from a year ago. After testing the Auto Draw app on tablet surfaces, I decided to try it out on my MacMini with a 24” monitor, and it worked so much better. I attest that to the speed if of the processor, video card, and Mighty Mouse. The shape recognition is faster and intuitively accurate, to say the least. It was here where I found the link to download the app itself, and I’ve been using it all week.
It’s a powerful tool in the ever-expanding world of vector based graphics which can be used in print, web building, and multimedia. You can create flow charts to keep your projects organized or for creating visual presentations for clients. However, with the interface being so easy to use, I can’t help but wonder if Google will introduce more apps in the near future putting designers out of work. Honestly, I don’t see that happening but this is definitely a powerful and free vector based app that may sway software developers to follow suit.
There are but few things that make life spicy - having to celebrate anniversaries is one of such. From birthdays to marriages, friendship to festive celebrations and even death, there is always this aura around the anniversaries celebrated. Anniversary milestones are not all equal, various anniversaries call for different types of gifts. Meanwhile, one would ask,' what is so special about marking anniversaries?' You do not know right? That memory of the past and how it all started in a positive light is not something to trade with stupidly. It is equally a time to make your spouse, lover or friend feel amazing and letting your actions reflect your inner feelings that they indeed, are the single most important part of your life.
The celebration of anniversaries come in different colors and forms from going to see a movie to going on a vacation, renewing of vows and of course giving of gifts to make it more thrilling.
Gifts ranging from chocolate and champagne, down to long stemmed roses are best to give someone on an anniversary. Does it look expensive? Right, others may say ' does it worth much to give?' Hell, yes, it does! Knowing how dear, that special person is to you, you would want to go the extra mile to make their day. Anniversary gifts in a whole give people the chance of remembering past lovely moments and also bringing them into the present, which is true.
Roses with scent are the best to give to a loved one on an important day like an anniversary. Ladies are said to be general lovers of scented roses, taking it as a way of being romantic and touchy- you know that feeling right? Moreover, if you want to make their day? Roses, carefully arranged with the sweet fragrance of perfume filling the room and candles set to illuminate the way to the gift, are sure the best. I bet you on it.
People have plenty ideas to make their anniversary a memorable and classic one. White cream, pastel pink, mauve colored rose bouquet with wine like most and chancellor, Domain Perignon Vintage, Glenmorangie Whisky, and chocolates, but don't forget the candles with a scent to add more aura to a couple's anniversary dinner, making it romantic and creating an inevitable love in the atmosphere.
In most cases, instead of a store-bought present, give your partner something truly unique, like a digital collection of your favorite songs (or songs that make you think of him/ her), or keep the dying art of handwriting alive by penning an old-fashioned love letter. If you are the creative type, craft an original song, poem or painting that comes from the heart.
Amidst all the gifts to be given to that special one are sweet smelling roses. Roses, especially red ones still stand the test of time creating more ideas of beauty, love, and romance. The color of traditional roses; red, represents passion. Unbelievably, a pink rose may stand for appreciation and grace, a yellow rose may stand for friendship and happiness, while the white rose may stand for innocence.
People say 'your lady will love you more if you get her teddy bears, chocolates, and candles ' but like hell would they appreciate something to be presented with the chocolate and teddies, and that is a ROSE.
So when next you are thinking of what to get for that special one, consider getting a bouquet of rose.