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Business idea but need some help

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90Mike:
Hi folk's my wife could do with some advice on starting up a business  :roll: and its no good her asking me any more i havent got a clue  :? to cut a long story short she wants to start a home cleaning business she has tested the water and looks as though it could be quite profitable in the right area  :D to do this we would require a small loan to start up for a small van getting it sign right and advertising door to door which leads to question number one
1.business loan or normal loan would not need any more than 5k
ok so now we are up are running
2. What happens reguarding tax/vat and then the tax man? :evil:

any help appreciated i know its a bit of a tall order and i done want to take too much of your time but any quick pointers/help would be much appreciated :)

mike

Lord Shagg-Pyle:
Not to sure on the loan side of things, but I think there is a level that can be earned before tax is paid. Perhaps somenone who is elf employed can advise better on that.
One thing to consider us has she had a Criminal Records check done? Some customers/companies may ask before she starts working for them.

sleeplessparadise:
Your wife will need to look into insurance as well for public liability, it shouldn't cost her too much but she wants to cover herself for accidents etc. in people's homes. Tax, she would be classed as self employed unless she is setting up a company and then becoming an employee. If she is going self employed then it's a case of filling in a tax return once a year and the tax office will assess her from that. She needs to keep all fuel receipts, as well as any receipts for other equipment she buys for the business. Ermmm I am sure there is a lot more to it but that's all I can remember at the moment.

muddyjames:
Hi Mike.

I am afraid I have no idea about these things but shall watch the topic because I have a few business ideas I might like to do one day but, why buy a van? how about using your landy for now?

another way wouldbe how my Dads cleaner used to operate and that was use the owners own hoover etc. That way they buy all the cleaning stuff (more profit for you) and have what ever vehicle to run about in as you dont need to carry anything  ;)

Does she own a car at the mo? would that not be suitable for now until say a year down the line it is working out and then buy a van? I believe Molly Maid has blue corsa's for thier worlk. See, thier blue cars with pink writing has been etched onto my brain and I have only ever seen them driving about!! :lol:

But at the end of the day mate, good luck and hope it all works out for you both. Anyone who sets up thier own business gets the thumbs up from me everytime

Budgie:
Ask at your bank and see if they have a "Small Business Advisor", they should be able to talk her through most things to do with setting up.  ;)

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