Tag: self employed

How to step out of your comfort zone and start making your beauty career happen?

3rd September 2019

First steps are always the hardest, no matter which field you are in. If you want to jump-start your beauty career know that you can, and you should. Here is how to work on your own, how to own a salon, and how to get out of the comfort zone as soon as possible.

Embrace a new routine

By going through a new routine you are actually learning a lot more. You are fixing up your efficiency, and are adapting each day per your needs, as well as new demands. You should also move towards your fears and try to do as much as possible to fight them off. Trying over and over again often leads to success. This is why it is important not to give up, even though your pace may be a bit slow, especially at first if you are just starting out.

Whenever you feel like you are a bit scared and that you don’t want to take your career a step further, try to remember this – a whopping 58% of managers in the U.S didn’t go through any management training!

They were simply upgraded to a better position due to their hard work, and determination.

This could also easily be you. Your current boss may give you a better-paid position, or may even ask you to become a manager.

Some can recognize your potential and will advise you on taking it a step further and opening up your own salon.

How to succeed?

You should take the right course since proper education will push you in the right direction. Take a career-, or personality test. There are loads of them on the internet for free. Remember the first step to jump-start your beauty career is to know yourself in and out.

It is also important to be open-minded to some steps which you’d never normally take. Try new strategies, meet new people, and enjoy new acquaintances. Try to remember one thing – the more the merrier.

Also, one encouraging fact which will help you start your own business is knowing the following: The fastest growing sectors in the world are linked to auto shops, dry cleaners, and beauty salons!

Here you can have a look at our government funded courses, that can help you start a career in the beauty industry.

Being employed vs being self-employed in beauty

28th August 2019

Sometimes everyone dreams of being their own boss, don’t we? Often it can seem like it is more than easy to work as a self-employed person, but you should know all the advantages and disadvantages, especially if you are working in the beauty industry. Would this career suit you more if you were working from home or from the salon? Keep on reading to find out.

Self-employed pros:

  • You can earn more per hour than as an employee
  • Freelancers in the UK make around £50,000 a year, which is more than the minimum income
  • You manage your own time
  • You choose who you work with
  • Manage your own time
  • You can work anywhere in the world
  • You work from home, meaning you save time & money for transportation
  • Travel whenever you feel like

self-employed

Self-employed cons:

  • You have to keep track and keep accurate records of everything you earn throughout the year to fill out an annual self-assessment tax return form
  • Need to be really slick and patient when it comes to organizing your free time
  • You need to set-up your own private pensions, funds for maternity leaves etc
  • Mortage complications – you will have to prove you’ve had a steady income in the last three years

Being employed pros:

  • Paid holidays, as well as sick pay and maternity leave
  • Workplace pension
  • Steady working hours
  • You work with colleagues (great if you prefer dynamic surroundings)
  • You probably work the weekends off
  • Pay tax automatically through PAYE

Being employed cons:

  • You can’t choose or arrange your free time
  • Your job isn’t as secure since you have constant competition, as well as a supervisor
  • Always being monitored

Check out our available courses at CPBA: Click here.

Most important things to do when you are self-employed in the UK

13th August 2019

Being self-employed in the UK has a lot of benefits and is recommended if you feel like you have the potential to run your own business. Here is how to become successful, what you need to sort out before starting your company, and some of the most frequent questions.

Sort your taxes

Being self-employed means paying taxes as well as your National Insurance. Everyone can do this but only up to 5 October of your business’ second tax year.

The tax year starts on April 6 and lasts till the 5 of April of the following year.

You will need to calculate on your own how much tax you need to pay, or you can higher an accountant to do this for you. Nowadays there are also some online accountants which may be a bit more affordable.

Self-employed FAQ

 What is NICs?

NICs stands for National Instant Criminal Background Check System which checks a person’s background to see if they are eligable to start their own business.

You should pay £2.95 a week for the 2018/19 tax year. Only those business which make less £6,205 in the 2018/19 tax year will not have to pay for the NI contributions.

If you are self-employed you will also need to pay the 4 NICs. For the 2018/19 tax year, this is 9% on your annual profits which you make anywhere between £8,424 and £46,350.

What is VAT?

VAT stands for value-added tax and is something which you should register if your business makes more than £85,000 annually.

Should you open a business bank account?

Try to keep your business records and finances separate from any personal affairs. Try and open a business bank account where you will pay around £6-£10/month.

Do I need insurance?

You are actually obligated by law to have an insurance policy. The fees will be different depending on the type of business you are, so it is different for everyone.

Have a look at CPBA’s government funded beauty courses here: OUR COURSES