Mandatory and recommended tasks to officially launch your freelance business
Work your way through the tasks for this stage, and jump into the community to get further support from your fellows
Whilst doing your own accounts is entirely possible, there are some complexities around tax, formations, liabilities and laws where working with a professional will make things so much easier.
There are multiple ways of starting a business in the UK. Most will opt for being a sole-trader, but understand the differences before you make a decision.
You'll need to register for self-assessment when you start working for yourself.
Keeping track of your spending, communication, income and contracts is going to be essential now.
Whilst not legally required for sole traders, using a business bank account helps keep things simple for reporting and accounting.
Whilst you'll not need to pay your tax for a little while yet - it's essential to understand what tax you'll be paying, and start to put it aside, so you don't end up with a surprise bill.
Just because you're available to work, doesn't mean the work will appear. You'll need to put a marketing plan in place to generate new business.
Your existing professional network is often the most significant source of work - so start by letting your contacts know you're in business.
It's important to celebrate milestones, large and small, along your journey. Let's celebrate the official launch of your freelancing career!
Jump into the community to get further support from your fellows, on Launching your freelancing business
If you've completed your tasks, or are ready to skip ahead, you can unlock the next stage.