I'm bricking it.
Author
Discussion

TotalControl

Original Poster:

8,307 posts

229 months

Monday 19th April 2010
quotequote all
Finally, after much oo'ing and ah'ing I have registered my company. I registered it via The 'Companies Warehouse' site. I'm very excited but at the same time properly bricking it. Not sure what the future holds to be honest. I am fairly confident that the last 6 months of planning could well pay off if I set my mind to it.

Really looking forward to getting some results out of this with a lot of hard work now.

ymwoods

2,194 posts

208 months

Monday 19th April 2010
quotequote all
Fantastic mate, lots of sleepless nights and having to make the decision of telling the customer they are being an arse and to ps off, or thinking about the long term custom, and kissing their arse instead.

But seriously...it will be hard, you will have times that you regrett it but taking the plunge is the hardest part for most people and you will get your reward with some hard work. I am currently just starting the hard-work bit and waiting for the reward. loved every second of it.

Altrezia

8,742 posts

242 months

Monday 19th April 2010
quotequote all
I'm in the same boat. Been planning to do it for the last few years, and finally doing it. So exciting! Best of luck with your venture.

-al

WorAl

10,877 posts

219 months

Monday 19th April 2010
quotequote all
Same here, best of luck pal, don't forget to send off the HMRC Docs when they come though......you know like I have, oops. (will do them tonight)

TotalControl

Original Poster:

8,307 posts

229 months

Monday 19th April 2010
quotequote all
Thanks for the responses guys. Much appreciated.

Oh and Al, your thread was why I thought 'Sod it' last night. hehe I shouldn't have read it again. wink

WorAl

10,877 posts

219 months

Monday 19th April 2010
quotequote all
hehe nice job. I'm so pleased I done it, though no firm orders yet (ie PO's placed with me) I have had quite a few enquiries an verbal confirmation of at least one contract. Fingers crossed now though.

Good luck in you venture TC.

TotalControl

Original Poster:

8,307 posts

229 months

Monday 19th April 2010
quotequote all
biggrin Thanks Al. thumbup

I understand there is a lot I am going to have to accomplish to get up and running. However, I'm still finding the £120 I paid for the formation (VAT registering and PAYE setup, which, luckily I can claim back) a bit too much though.

WorAl

10,877 posts

219 months

Monday 19th April 2010
quotequote all
Yep, my current money situation isn't the best at the minute and I have thrown everything I can at the company to get set up etc, however it's left me a little short, just hope I get one of these orders soon, then everything will be 'A-ok' hehe

Frimley111R

19,398 posts

265 months

Monday 19th April 2010
quotequote all
What are you going to be doing?

mrsxllifts

2,501 posts

230 months

Monday 19th April 2010
quotequote all
Good luck to all of you. We took the plunge six years ago and, most of the time, haven't regretted it, except for the few times when you work like a pig til all hours and see no reward and think why the fk did I do this! But trust me, we ran in to a rough patch and I went to work for a big company for a short while, I would recommend it, you definately remember why you left them behind!

TotalControl

Original Poster:

8,307 posts

229 months

Monday 19th April 2010
quotequote all
Frimley111R said:
What are you going to be doing?
I will be looking at setting up IT with children and the elderly. There is so much ground to cover but that is just a general overview. Any criticism is welcome if it makes a man of me. hehe

Altrezia

8,742 posts

242 months

Monday 19th April 2010
quotequote all
Well, if you need a website, then let me know. Perhaps we can help each other out.

AAT1981

380 posts

222 months

Monday 19th April 2010
quotequote all
TotalControl said:
Finally, after much oo'ing and ah'ing I have registered my company. I registered it via The 'Companies Warehouse' site. I'm very excited but at the same time properly bricking it. Not sure what the future holds to be honest. I am fairly confident that the last 6 months of planning could well pay off if I set my mind to it.

Really looking forward to getting some results out of this with a lot of hard work now.
Good luck, I have just done the same and am bricking it, but many people have done it and have good business's


WorAl

10,877 posts

219 months

Tuesday 20th April 2010
quotequote all
Altrezia said:
Well, if you need a website, then let me know. Perhaps we can help each other out.
ears I will need one set up soon too, not got the faintest idea where to even start with it.

andy_s

19,857 posts

290 months

Tuesday 20th April 2010
quotequote all
I've six months a year (spread over the year) to kill. I'd love to do something as I've just finished a distance learning dgree, but am inspirationless at the moment, maybe nothing to do with air travel would be good...

Frimley111R

19,398 posts

265 months

Tuesday 20th April 2010
quotequote all
AAT1981 said:
TotalControl said:
Finally, after much oo'ing and ah'ing I have registered my company. I registered it via The 'Companies Warehouse' site. I'm very excited but at the same time properly bricking it. Not sure what the future holds to be honest. I am fairly confident that the last 6 months of planning could well pay off if I set my mind to it.

Really looking forward to getting some results out of this with a lot of hard work now.
Good luck, I have just done the same and am bricking it, but many people have done it and have good business's
I'm doing something similar but am doing research in my target market and am also working out if the product I want to supply will be at the right price. If so (and including lots of smaller detail issues) I should be good to go. As you say, scary though!!!

Altrezia

8,742 posts

242 months

Tuesday 20th April 2010
quotequote all
WorAl said:
Altrezia said:
Well, if you need a website, then let me know. Perhaps we can help each other out.
ears I will need one set up soon too, not got the faintest idea where to even start with it.
Just send me a PM - I'll help smile

WorAl

10,877 posts

219 months

Wednesday 21st April 2010
quotequote all
Altrezia said:
WorAl said:
Altrezia said:
Well, if you need a website, then let me know. Perhaps we can help each other out.
ears I will need one set up soon too, not got the faintest idea where to even start with it.
Just send me a PM - I'll help smile
PM Sent

Monkeylegend

29,560 posts

262 months

Wednesday 21st April 2010
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Did it 7 years ago and haven't looked back since. There is no better feeling knowing you are not working your proverbials off to make somebody else rich. Not that I have become rich, but that's more than compensated by the freedom it gives you, and the fact that nobody else can tell you what to do.

Good luck to the OP, sure it will go well.

ringram

14,702 posts

279 months

Wednesday 21st April 2010
quotequote all
Biggest tip is to make sure you get purchase orders in writing or email etc.
Enforce payment terms strictly even for "mates"
And make sure your work is signed off as completed or finished etc when done!
Any stragglers can get the "oh our accounts dept automatically escalate late payments for collection" treatment.
You can tell them it will be sorted out once they pay wink

Good customer service is your best draw card. Dont get raped by dodgy clients who just want to take you for a ride. Dispite what you might think given the above comments, genuine clients will pay on time and some pressure when payment it late is fine. Maybe a couple of weeks grace is ok, but dont let it slip more than that!