Budget from a Self-Employed Perspective

Welcome to a short POSITIVE round up of the main Budget of the year, from a Self-Employed perspective.

The short answer is there is not a lot of change that is going to happen today, in terms of business.

The very exciting news, is the Chancellor talked about innovation and technology and how he wants to support the businesses of this country. Which is always good to hear.

He was aiming at high growth, as he is trying to improve the productivity of UK, which is a bit flat-lining at the moment.

If you’re planning to grow your business, now is a fantastic time to do it.

A couple of technicalities! If you pay business rates or capital gains, then it is worth checking out the small print next week, when the journalists and accountants have had a chance to go through it.

For the rest of us, if you have a van your fine. If you have a diesel car, then they are increasing the duty slightly. Fuel duty overall is staying the same.

So it is quite an exciting time for the future.

There is nothing detrimental in the budget for the self-employed, which is really great news.

To increase productivity, I am going to sign up for fibre-optic broadband, which is now available in my local area.

If you liked this explanation and would like more explanations of money.

Please go to iexplainmoney.co.uk

All the best, Jenny

 

 

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It’s Black Friday next week…


 

It’s Black Friday next week. Friday 24th November 2017.

 

It is also the Autumn Budget, which to be honest, I am a bit more excited about.

 

I will give you a short, positive, round up of the Budget.

It is up to you to do some thinking about Black Friday!

 

Yes there probably are deals.

I would go to MoneySavingExpert.com for the best deals and to find out about codes and coupons.

 

Thinking about it now.  Is there anything you need to buy, or planning to buy in the next 6 weeks?

Because if you are, it worth looking at it next Friday, even if it is just free delivery.

 

Don’t worry if you don’t get all your shopping done on Friday.

I am sure local businesses will really benefit from the shopping you do in December.

 

Enjoy, Jenny

 

 

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Intuition versus Logic in Business?

Intuition versus Logic in Business?

If you want to be wildly successful, in the business of your dreams, you do actually need both.

 

Intuition is creativity, inspiration, passion.  It all sounds very exciting.

 

Logic is work-ability and day to day practicality.  It ensures you make money.

 

Not so exciting for many people!

 

In fact, we tend to go one way of the other.

 

If you do want to be wildly successful,

then focus your time and money on both intuition and logic.

 

For support, contact me, Jenny@jennybracelin.co.uk

 

Thank you, Jenny

 

 

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Why Isn’t My Business Working? This Time It Is Personal!

Why isn’t my business working?  This time it is personal!

 

For the last few years, I have been testing ideas.  Nothing has quite taken off.

 

Which is incredibly embarrassing as a business adviser.

Even more so, as I knew what wasn’t working, just couldn’t seem to fix it.

I set myself a deadline.  When that passed, I knew I had to take drastic action.

 

I re-did my money coaching on myself, with the help of a friend.

 

It has been more than 20 years since I created it and a lot has changed in my life.

 

The biggest change, is I am now happily married.

 

What I discovered, is I thought I couldn’t be happily married AND very successful in business.  Which obviously isn’t true.

 

Does explain why I kept sabotaging my business – I didn’t want my relationship to end.

So I created a new belief.

I was hoping to be one of those people, where everything spontaneously starts working and the money rolls in.

 

What actually happened.  With my new attitude, I did things differently and found solutions to long standing problems with my business.

 

I also got my confidence back and lots more clients.

 

I am sharing this video, as I think it is important to share the lows as well as the highs in business.

 

And to thank all the people who have supported me on this journey.

Thank You, Jenny

 

 

 

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What is Making Tax Digital in 2017?

Making Tax Digital (MTD) in 2017

 

Making Tax Digital is the Tax Office’s vision for the future.

They want to be a world leader in tax administration!

 

The simplest way to think of it? Online Banking for Tax

 

Where you have own account and you log in and do what you need to do.

 

They did try creating software, but it looks like they have given up on that one.

Manual bookkeeping should be no problem.

 

The most likely scenario? To enter your figures every 3 months.  Not until 2020.

 

If you pay VAT or have staff?  You will need to do it quarterly along with your VAT returns, but still not until 2018.

 

Right now, you don’t need to worry about it.

 

Just know they are making changes, so worth keeping up to date.

 

Follow my blog and I will keep you up to date.

The Tax Office should notify you by letter when it affects your business.

 

So don’t worry about it and carry on doing your books, however you do them.

Thank you for reading, Jenny

 

 

 

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£148 investment for £6000 back, not a scam, just very unsexy!

£148 investment for £6000 back – not a scam, just very unsexy!

 

I have spent a fascinating week looking at Her Majesty’s Revenue and Customs (HMRC), the tax office website!

A good time to remind you about National Insurance (NI) and the State Pension.

 

Don’t switch off, this is the best investment you will ever make!

 

£148 gets you £6000-8000 a year, once you reach the right age.  For the rest of your life.

That is a fantastic investment.

 

Yes I am talking about the state pension and what you are entitled to.

 

At the moment they are transitioning how they treat self-employed people.

 

There is a window of opportunity.

 

You have always been able to back pay National Insurance up to 6 years, for years you have missed.

 

Currently it costs you £148. Next April it is likely to cost £730 per year.

 

So this is a great time to do it.

Go to the Gov.uk website or Call 0345 3000 168 for a pension statement

 

If you not sure because you have been part-time, a mum or out of the country – DON’T IGNORE IT, or worry about it – GET A STATEMENT and find out what the situation is.

You can decide from there.

 

Well worth looking into – the best investment you might ever make.

 

All the best, Jenny

 

 

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4. How to Be Your Own Business Adviser – Key Info

 

4. How to Be Your Own Business Adviser – Key Info

 

Every business has key pieces of information that are really useful to know.

Yes, monitoring your money in and money out is useful.

 

But today I am talking about something that is not money orientated!

 

It is usually comes under promotion.

 

For example, how many times you have engaged with people?

Giving talks, posted in social media or invited them to buy?

 

Whatever it is, to get out there and engage with people, to keep the customers coming in.

 

Monitoring and making sure you keep doing it, ensures that the customers keep flowing to your business.

 

What is your most reliable method of finding customers?
It could be as simple as handing out a number of business cards!

 

Thank you very much for watching.

My name is Jenny Bracelin and I am a business adviser and money coach.

 

Please follow me on Facebook, YouTube or sign up to my email newsletter at www.JennyBracelin.co.uk

 

 

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Picture of hope

How Could You Grow Your Business with a £50,000 loan?

How could you grow your business with a £50,000 loan?

 

A reasonable question asked at a business networking meeting recently.

 

There was a lot of shuffling of feet and looking at the floor.

 

I realised the last few years, has taken its toll on everyone.

 

It feels like a very long January, where people are hung-over and tired!

Which is the perfect time to look after your health and plan the year.

 

Customers are buying, just carefully.

 

Listen to them, look at your market and have the courage, to find ways to meet their new needs.

 

For example, retailer John Lewis, is expanding into services.  Having bought your interiors at the shop, they will arrange for tradespeople to install them.

 

With the right product, sold in the right way to the right customers, you will make money and grow your business.

 

Maybe start small, before taking that £50,000 loan.

 

But you can do it.

 

 

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3. How to Be Your Own Business Adviser – Customers

 

Where do your ‘best’ customers come from?

 

By ‘best’, I mean the people who pay you the most money, as opposed to the ones you like best.

 

Because once you know where they come from. You can find more of them.

 

Maybe it is referrals, possibly from just one person?

Perhaps a networking group, social media campaign or even adverts.

Then you can direct your efforts, more fruitfully, into getting more of those customers.

 

More excitingly, you can stop doing those things that don’t work.

 

My name is Jenny Bracelin and I am a business adviser and money coach.

Please follow me on Facebook or sign up to my email newsletter for tips on running your business simply and well.

 

 

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2. How to Be Your Own Business Adviser – The Money

 

2. How to Be Your Own Business Adviser – The Money

Who Are Your Best Customers?

It seems like an obvious question and often people tell me. But when I look at their figures, I find the answer is something different to what they thought!

 

Quite interesting. (see my post on logic and intuition in business for why this happens).

 

Today what I would like you to do is to look at your figures and find out who your best customers are?

 

What I mean by BEST, is the people who pay you the most money, over a period of time.  Whether it is a week, a month or a year.

 

Often I find it is the quiet ones.  The ones you don’t really think about?  They pay you regularly, on time, enjoy what you do and refer you.

 

Those are the customers we are trying to find.

 

Look at your figures and add up how much each customer pays you – you will be surprised at the totals.

 

If you don’t have figures, don’t worry about it.

I have a 15 minutes bookkeeping course, that will talk you through how to set up your books.

 

My name is Jenny Bracelin, thank you for watching.

 

 

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