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<blockquote data-quote="Murdoch" data-source="post: 427655" data-attributes="member: 24445"><p>My advice to you is create a spreadsheet and put in a figure for all your fixed annual costs like:</p><p></p><p>PL ins</p><p></p><p>PI ins</p><p></p><p>Vehicle ins</p><p></p><p>Vehicle tax</p><p></p><p>Vehicle servicing</p><p></p><p>Mobile phone contract</p><p></p><p>Accountants fees</p><p></p><p>Scheme membership</p><p></p><p>Calibration</p><p></p><p>Website set up and first year</p><p></p><p>Then your variable costs like,:</p><p></p><p>Fuel</p><p></p><p>Tools</p><p></p><p>Advertising</p><p></p><p>Business cards</p><p></p><p>Logo'd clothing</p><p></p><p>Vehicle tyres etc</p><p></p><p>Replacing tools</p><p></p><p>Buying new tools</p><p></p><p>Etc</p><p></p><p>You need to do this to be able to assess your overheads and don't be surprised if it comes to about £6k </p><p></p><p>You also need a separate bank account with cash in it - at least £2k </p><p></p><p>And this assumed you have a van.</p><p></p><p>My only other tip is to save for your tax and NI bill - I buy premium bonds every month. Easy to buy and easy to cash in when you need to plus you may win a prize - I won £25 this month!</p></blockquote><p></p>
[QUOTE="Murdoch, post: 427655, member: 24445"] My advice to you is create a spreadsheet and put in a figure for all your fixed annual costs like: PL ins PI ins Vehicle ins Vehicle tax Vehicle servicing Mobile phone contract Accountants fees Scheme membership Calibration Website set up and first year Then your variable costs like,: Fuel Tools Advertising Business cards Logo'd clothing Vehicle tyres etc Replacing tools Buying new tools Etc You need to do this to be able to assess your overheads and don't be surprised if it comes to about £6k You also need a separate bank account with cash in it - at least £2k And this assumed you have a van. My only other tip is to save for your tax and NI bill - I buy premium bonds every month. Easy to buy and easy to cash in when you need to plus you may win a prize - I won £25 this month! [/QUOTE]
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