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Thread: Self Employed/Small Business

  1. #11
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    Re: Self Employed/Small Business

    I knew early on that I wasn't cut out to be an employee somewhere and went my own way. I've never been sorry about that decision.

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    Re: Self Employed/Small Business

    The rules for simple Security jobs now are simply OTT. For instance, for someone to simply sit & keep a check on some CCTV screens, check people in & out at Reception, issue ID tags & do the rounds to open up & secure the premises each day requires a full CSCS ticket - a qualification that is not cheap to attain & includes all sorts of stuff that is simply not relevant. This is not to demean the higher levels of Security work, but for something that is no more than a glorified Receptionist, it's a bit ridiculous.

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    Re: Self Employed/Small Business

    Quote Originally Posted by FourPart View Post
    The rules for simple Security jobs now are simply OTT. For instance, for someone to simply sit & keep a check on some CCTV screens, check people in & out at Reception, issue ID tags & do the rounds to open up & secure the premises each day requires a full CSCS ticket - a qualification that is not cheap to attain & includes all sorts of stuff that is simply not relevant. This is not to demean the higher levels of Security work, but for something that is no more than a glorified Receptionist, it's a bit ridiculous.
    Are you in the building trade then? Why CSCS?

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    Re: Self Employed/Small Business

    Quote Originally Posted by Bryn Mawr View Post
    Are you in the building trade then? Why CSCS?
    I've often wondered that myself.

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    Re: Self Employed/Small Business

    In my first marriage my then husband wanted to be self employed. I created the business. Did the office end of it. In my second marriage my husband wanted to be self employed. I created the business end of it...and said..here ya go. Good luck...

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    Re: Self Employed/Small Business

    Quote Originally Posted by Guppers View Post
    In my first marriage my then husband wanted to be self employed. I created the business. Did the office end of it. In my second marriage my husband wanted to be self employed. I created the business end of it...and said..here ya go. Good luck...
    Oddly enough, my wife is Office Administrator but I get to do it all :-)

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    Re: Self Employed/Small Business

    And I'm thinking about hiring a bookkeeper/administrator type person. At the rate my business has been growing I hardly have the time and energy to keep up. Just having difficulty with paying out the money.

    If I hire a person and pay them just $25,000.00 annually, worker's compensation insurance alone will be an additional $229.00 per month on top of everything else. That's just ridiculous. Insurance companies is one huge reason wages remain suppressed. Worker's compensation for me @$50,000.00 annually is $655.00 monthly, and of course I don't carry it for myself, but i do have to for any employees.

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    Re: Self Employed/Small Business

    Quote Originally Posted by Ahso! View Post
    And I'm thinking about hiring a bookkeeper/administrator type person. At the rate my business has been growing I hardly have the time and energy to keep up. Just having difficulty with paying out the money.

    If I hire a person and pay them just $25,000.00 annually, worker's compensation insurance alone will be an additional $229.00 per month on top of everything else. That's just ridiculous. Insurance companies is one huge reason wages remain suppressed. Worker's compensation for me @$50,000.00 annually is $655.00 monthly, and of course I don't carry it for myself, but i do have to for any employees.
    I need to amend this: the $229.00 is to insure a person in the field in my line of work. Most insurance companies will not even offer WC in this business. An office worker might well be less expensive that that. I'll have to inquire.

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    Re: Self Employed/Small Business

    One of the big advantages to me was the tax advantages. A corporation is allowed to accumulate "wealth", so I have always paid myself a salary that is just what I need and let the corporation invest the rest. As crazy as it might sound, it is also a lot less expensive to buy my health insurance as an "employer", even though I am the only employee.

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    Re: Self Employed/Small Business

    Register to remove this ad.
    My official year-end sales will be about $3,000.00 above last year's. However, last year I spent $14,000.00 on advertising, while this year I've spent zero. That's a $17,000.00 increase in reality. Nice!, if I do say so myself. Not to mention I've lessened my expenses in other areas as well. Probably closer to about a $23,000.00 difference all together. My taxes will be slightly higher, but a worthwhile trade off.

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