Self Employment: Making Money And Earnings
Business : Self Employment One factor that many people find difficult when becoming self employed is working out how much to charge for their skills! When you are employed by others they tell you what they will pay within reason (sometimes at annual meetings you can influence increase and so on but often in big companies these meetings are pretty artificial and your new salary already determined from on high). Therefore it can be a bit of a shock to set your own level. In the first year why not work out your fees so that you will earn at least as much as in your previous job, but not massicely above this, assuming that you will be working on average 3 days out of 5 (it may take a month or so to get your first piece of work). Note however that you should be flexible - if you are finding work easy to come by then you can increase your rate and otherwise decrease. With each year of experience you gain you should be looking to and able to increase your rate, and after a few years earning 50% - 100% more than you used to in your old job is not at all an unrealistic target!
Questions about self employment:
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