Share this content
Tags:

Summer holidays are over!

3rd Sep 2013
Share this content

I am so glad the summer holidays are over!  Looking after my niece and nephew as well as my two girls was hard work and it was only 2 days a week.  I have the utmost respect for teachers and other child carers.

I also went through a month of dithering whether I wanted to carry on with starting with my own practice or whether I should look for a part or even a full time job and actually started looking on job sites for potential jobs.  It has been a while since I worked full time and so much has changed since then that I wonder whether I will really would be up to speed working for myself.

However, more recently, I spoke to someone with whom I am considering having continuity in practice agreement with and speaking to her has inspired to carry on. Another thing that has happened is speaking to my husband, he insisted that I need to get back to work by the end of next year (assuming I get a job) so that has given me even more incentive to make this work and a deadline to do it in.

I have to remember why I want to set up in practice on my own in the first place. It’s so that I can spend more time with the girls and be more involved with them as they grow up.  I think one of the first things I need to do is make a business plan detailing how much income I need per month for it to be worthwhile.

With my younger daughter going into nursery soon, I think I will finally have a bit more free time to get myself sorted and set up.  Although there is a lot of other things that I need to sort out as well, so I will need to learn to prioritise.  Just by writing all this down, I’m starting to get excited about it again rather than thinking that I’m living in Groundhog Day.

Tags:

You might also be interested in

Replies (5)

Please login or register to join the discussion.

avatar
By Old Greying Accountant
03rd Sep 2013 22:33

I'm not glad ...

... roads will be clogged again and my ten minute drive will be back to 20-30 minutes.

Also, bank balnce will take a bashing, it enjoyed the summer respite.

Still, the wife will be able to get on top of the filing again, although that is a double edged sword as I enjoy the quiet sanctuary of my office, at least it is only a couple of morings a week!

As for your husband, tell him to poke it - the cost of childcare will outweigh any income gains, and your own business has flexibility and growth potential.

Thanks (0)
By coolmanwithbeard
03rd Sep 2013 23:49

Aplan might be good..

A plan might be good but really income and client engagement are always a finger in the air, you can plan what you need though, how you will work and what needs to be achieved to start.

Having said all that when I started it was an ex client of a previous practice who rang me and said would I take him on as he had heard I was starting up. I said I wasn't starting yet but I would get back to him when I did, 3 days pondering a list of stuff to achieve to open was binned and I rang him back. He had just dropped his books off with his current provider but would go and get them back - the next day he was on my doorstep!

I suppose I'm just saying don't use planning as avoidance, you obviously need to get your practising certificate and insurance in place (I didn't need the former and a quick phone call sorted the latter). I did his accounts in excel and pumped my remaining cash into a tax program and I was off.

A practise starts with one client and is now  - well not as I planned but who cares I'm happy and I don't get much grumbling from clients so here I am.

Have fun :P

 

Mike

Thanks (0)
Man of Kent
By Kent accountant
04th Sep 2013 09:14

I'm glad

that the school holidays are over too!

It will allow me to focus on work and not days at the beach (15 mins away) games of cricket in the garden in the afternoon and nights spent camping in the garden with very excited children.

I enjoy the school holidays but six weeks is plenty.

Stick with the practice - the benefits of being your own boss far outweigh those of employment.

@OGA - my commute to the office is still the same  - around 30 seconds :)

 

 

Thanks (0)
avatar
By louise
07th Sep 2013 09:35

I was in a similar boat
What have you got to lose? I was in a similar situation about 2 years ago. I have a 5 & 3 year old with whom I wanted to spend more time with. So far most of my clients have come from recommendations. I'm glad I've done it. If you want any advice just ask x

Thanks (0)
By Sarah Offord
13th Sep 2013 13:20

Need a push!

When I decided to start up in practice (whilst on maternity leave with daughter No1) I managed 3 months before I started panicking and went back to a full time job. 3 more months down the line I fell pregnant with daughter no. 2 and managed to find a part-time financial controller job which gave me two full days a week at home with my eldest daughter. While I was on maternity leave with daughter no.2 I was made redundant from my part time job. Having tinkered about with my practice in the background while all of this was going on, I was suddenly forced to push the practice forward and try to make a living out of it.

It occurred to me at this point, I hadn't really committed fully to running a practice, I presume because I was scared I would fail and the financial repercussions of relying on my husband's income alone would have been catastrophic. After all, it's so much easier to not try, than to try and end up failing.

Somehow (not sure how) I have managed to survive to the point I have a small practice which earns a living and fits in around the school terms (with the occasional afternoon off for school trips/plays/sports days/to sit around at home in my PJs watching Jeremy Kyle). Both my girl's are at school now and although it has been a tough old slog, it has definitely been worth it! It won't be all that long until they are independent enough to not need me so much so I'm glad I've had the chance to be with them when they did need me.

Hope that helps! Feel free to get in touch if you want a chat!

SD

Thanks (0)