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Self-Employed or Starting a Small Business?

Wednesday July 2016

Did you know that almost one in seven people in the UK are self-employed?

Approximately 13,500 businesses employ 0 to 49 employees and accounted for nearly 98% of the total number of businesses in 2014. This is an increase of 35% in the number of small and micro businesses since 2009.

So why start a micro business or become self-employed?

The benefits of a micro business or becoming self-employed include:

  • Flexible working hours
  • Ability to choose your work
  • Developing a relationship with customers who you want to work with
  • Ability to respond quickly to opportunities
  • Making a greater impact

However there are drawbacks which include:

  • No sick pay, holiday pay or redundancy pay
  • Little or no support, training, no back up if you can’t
    work
  • Not a 9 to 5 job – it’s 24 hours a day
  • No company contribution to a pension
  • What if I can’t get paid on time?

Micro-businesses and self-employed people need assistance and if you are starting up or feeling the pressure get in touch with us as we will be able to support you.

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