Business Growing Pains: The Money Bin

Eight years and nearly eight successful self-assessment tax returns. I’ll admit, it was a bit of a learning curve to start with. The terminology alone used by the HMRC is a hurdle the size of Everest. The text may as well have been hieroglyphics to any self-respecting new self-employed individual. Gradually, with the help of Google and business friends, over time this got easier to understand. Eventually I had a system in place where each years’ tax return was a doddle. So-to-speak. Paying back the tax, not so much, but at least I knew where I stood with the strange terms coined by the HMRC.

Enter 2017. This year, things needed to change due to the nature, gradual growing success and time availability for my business. I needed to open a business bank account, I needed to register for VAT, go on as a Limited Company and I needed to move my websites to a dedicated server. Lots to do in a short space of time. As it happened, I concluded that all-at-once was impossible – so I staggered the processes to ensure successful implementation.

But these hurdles, and more, have brought some serious drags in my time and energy as a business owner. Things that should be easier and things that are complicated immensely by big-dog-companies (who should have a responsibility to make easier for younger businesses). Sadly, its the aforementioned big-dog-compamnies that maintain and add-to stresses and obstacles for the underdogs. But if I can share my experiences to help others that may suffer the same obstacles – then perhaps this is all a little more worthwhile. And I’m starting with the biggest dog of all. The bank.

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Crowns

I haven’t had much time to write over the last few months… But in the meantime, there have been so many blog posts I have wanted to write, but just haven’t been able to put fingers to keys. My hope is that, unless the momentum dies out from those stories, they will be told in the coming weeks and months.

But while there are but a few hours remaining for 2016, there is one post that I wanted to get out there before all of the others. As with all of my posts, this is primarily for my own sake and sanity, but I welcome anyone who wants to read along for the fun of it.

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