Self Employment Business Plan

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These include: Your primary occupation may affect your part-time self-employment (if you’re employed, a student, unemployed) side gig.

In any case, you should make sure you are thoroughly informed on what needs to be taken into account before you begin working part-time on your side job with regards to taxation and national insurance.

Check in advance whether you need a permit or special qualification to do your part-time self-employed work, and if so, which ones.

Do you want to pursue a profession that requires a permit?

In any case, you need to consider how much money and time you want to invest, what for, how much you want to earn in return, and how long it is likely to take you to reach your goal.

In short: you need a concept for your planned part-time side job (a “business plan”). You must organise your thoughts and recognise whether and under what circumstances your planned part-time work is worthwhile and what you have to do in order to achieve your goals.Whilst it is perfectly legal to have a part-time self-employed side job, be sure to consult your work contract to ensure that your company has not expressly forbidden it.If the business area that your part-time self-employed work is in is the same as your main job, you must also make sure that there are no non-compete clauses and that you aren’t engaging in a conflict of interest.So, you want to be self-employed but don’t know where to start?In principle, there are no restrictions for part-time self-employment.You remain in an employment relationship, but still start your own business on the side.In summary, these are the benefits offered by starting out your self-employed business on a part-time basis: Maybe you’re unsure whether or not your business idea is solid. You still have the opportunity to make changes to the business model if necessary.Part-time self-employment is a popular option, and for good reason.Enterprises which begin as part-time before becoming full-time tend to last longer.The plan will also help you to identify the risks you are taking with your side gig. Can you raise it yourself or do you need a bank loan?You may need to rent and furnish an office or workshop.

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