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Tag Archive business coaching

You can set up your business with some business coaching

How do I start my own business?

As a business coach and a business owner, I get a lot of people telling me they’d love to work for themselves. Many people ask me how it’s done. So I thought I’d share my story, insights and knowledge. Here are the questions you should ask yourself:

 

Why do you want to work for yourself?

Knowing exactly why you are choosing this path can be helpful. Try to think about what your top 5 core values are for your business practice. This is basically your vision for your business and will help you decide if you are doing this to try to be more in control of your life and schedule, or because you want a business venture, or because you like the idea of being able to wear PJs and work from home! Here is a list that is nowhere near exhaustive.

 

Should you ease into it or throw yourself in?

People often ask if they should quit their 9-5 job and begin being their own boss. It depends entirely on the industry in which your business is location and your financial needs. It also depends on whether or not your boss will let you go part-time whilst you set up your new venture. If you are someone who values financial security, then you might prefer to ease yourself in. If you are someone who just wants to work in your current job until you are ready to launch, then that might be seen as the middle group.

But if you are someone who thinks that, unless they take drastic action, they won’t actually do it, then possible throwing yourself in completely might be right for you. But only you can know what is right. If you are unsure, I suggest you get some business coaching before making such a big decision as quitting your 9-5 job!

 

 

What practical things do I need to know at the start?

Once you decide on an industry, your business location, and your core business values, you can get started! You need to register your business with HMRC so that you can start paying tax. It is advisable to get an accountant, particularly for the first year. This is because, for the £250-400 you spend on an accountant, they will be able to advise you correctly about what you can claim against your taxes (expenses and business set up fees) and what you cannot.

 

You should also make sure you set aside enough of your income to pay your tax and NI. HMRC require you to pay your tax bill in the January following the last tax year. (I.e. for the tax year April 2018- April 2019, you pay your tax bill before the end of January 2020.)

 

I would also advise you to have a website and social media pages to promote your business. You could also get references from former employers to show to your first clients before you have any testimonials or online reviews. Once you’ve been in business a while, as clients you are working with if they would mind writing a review.

 

Many people also advise you need a marketing plan and business plan. These are particularly important if you have investors, as they will want to see that you have ensured your business will grow year on year.

 

Let’s Go!

If you would like some business coaching to help you get started, please email hello@bexharper.com

 

 

glasses onto of a laptop to indicate taking a break, resting, and self-care is happening rather than work

Why are we burning ourselves out?

I’ve previously written a number of posts about health and wellbeing. However, there is still one thing that baffles me: why are we burning ourselves out? Well, for one thing, our fast-paced modern society expects everything to happen immediately. We want that person to respond to our text or to get things done all at once. But, unfortunately, one thing that hasn’t changed: there are only 24 hours in a day!

Over the past 10 years, I’ve taken numerous steps to trying to improve my wellbeing and quality of life. I’ve given up drinking caffeine, set regular goals to be sure I am going in the right direction. I’ve decluttered my life significantly to only keep the things that make me happy. In fact, you could say, I’ve done it all. But I’ve noticed, through coaching others and my own journey one thing in particular. This is how, once high achievers finish one goal, they go onto the next one without taking the time to appreciate what they have accomplished. Subsequently, many high achievers find themselves burnt out, developing chronic illnesses or even life-threatening illnesses, such as cancer or heart disease.

So what’s the solution? Well, there is no one or easy answer to this. But definitely getting to grips with the stressors in your life; carving out free-time to get a clearer work-life balance and celebrating your achievements can all help. A journal or workbook can help.

Here are some suggestions for journaling to helping you achieve this:
  1. What are you grateful for today?
  2. What self-care are you going to do for yourself tomorrow?
  3. What would you really like to be praised for today?
  4. How can you be forgiving today?
  5. Which tasks can you delegate, delete or delay?
  6. Will the world end if I take today or tomorrow off work?

These can be powerful questions for helping you to run a business, pass exams, manage a project, or just cope with a job that you hate. It’s important to enjoy your life. Life is short and no-one died saying they wish they worked more hours! So, if you are really struggling, reach out to friends, family, a therapist or life/business coach and see how you can get the support you need.

Like most therapists have their own therapists, most coaches have their own coaches. I could have coaching on anything, but I specific choose to focus on health and wellbeing in my sessions with my coach, because I feel that once you are feeling energetic, healthy and calm, the rest falls into place: be that your business, your love life, your parenting, your job. In order to do any of these well, you must be well. So, for me personally, health and wellbeing are a must.

Good luck, and if you do decide you would life to try a discovery coaching session, drop me an email: hello@bexharper.com – I look forward to hearing from you.

Why Your Business Needs A VA!

As a business coach, I have helped numerous people set up small businesses. At the start, you have the exciting thrill of setting up your project. But as time goes on, the workload can become overwhelming and it is harder to get a desirable work-life balance.

One solution can be hiring someone to do your admin, but employing staff can be extremely expensive. So, more and more businesses are contracting VAs to do their admin work for them, because, as VAs are self-employed, they pay for their own taxes, insurance, equipment and CPD themselves.

VAs can manage your invoicing, taxes, email inbox and blogs for you, but they can do so much more than that! Everything from arranging your business trip, to creating twitter posts, and from formatting documents, to scheduling meetings with clients, they are the jack of all admin trades and the master of many!

Passing on admin to a VA can give you a better work-life balance. Business coach Bex Harper explains how hiring a VA can help your work-life balance. Passing on admin to a VA can give you a better work-life balance. Image: photo of two women, relaxing on a wooden deck, instead of working.

Benefits of having a VA

The many benefits that outsourcing your work to an VA include:

  1. creating more time for yourself (to spend relaxing) and your business (to invest in increasing your turnover)!
  2. efficiency by outsourcing work to someone who is an expert in administration and organisational systems.
  3. giving yourself the mental space concentrate on tasks that attract the greatest revenue for your business.
  4. know that someone is on-hand and having someone to psychologically be present to support you. This can combat the feeling of being alone if you are a sole trader.
  5. having peace of mind that someone is dedicating themselves to the tasks you find time-consuming, boring, or just aren’t so good at!
  6. to decrease the amount of tasks you are juggling and having to remember: the more you have to remember, the more likely you are to be stressed!
  7. knowing that you can earn more money in the time you would be up to your neck in paperwork, as a VA can often do admin tasks far faster than us non-admin types!

When you outsource a task to someone, it is important to make sure you are comfortable handing the work over to someone and that you are happy to leave your business in the hands of someone who is trustworthy. It is also important to make sure you contract around what you want and what your expectations are for your VA. As, every business has different needs and if you are investing in getting a VA, it is important to make sure your VA is able to handle your needs.

My Recommendation

Lots of people ask me who handles my business admin and, for other small UK-based businesses, I’m very proud to recommend HMR VA Services. They provide a professional and friendly service, and have excellent contracting and clear communication. To find out how they can help, drop them a line today, on 07375119311, or email: hmr@hmrvaservices.com.

Christmas and New Year Closure

Bex Harper Tutoring and Coaching wishes you a Merry Christmas, a Happy New Year and a fantastic 2019! We will be closed on the following dates:

22nd December 2018 to 2nd January 2019 (inclusive)

If you need to contact us via text or email, you shall receive a response on 3rd January.