For some people, the idea of working a nine to five job in an office or factory leaves them cold and so they may look at alternatives to this way of earning a living. Becoming self-employed is an option for many people if they have the necessary skills and experience that will be required but specific training may be all that is needed to pursue this ambition.
Once you have decided what your business is going to be you will need to register as a sole trader with HMRC so that they know that you will be completing a self-assessment tax form and paying class 2 and class 4 national insurance contributions. You will of course need a name for your business. Try to make this easy to remember for clients and double check online that there is not another business with the same name.
A visit to the bank is the next step so that you can set up a business bank account. It is worth shopping around as some banks offer special rates for the newly self-employed.
Public liability and professional indemnity insurance are necessary to ensure that you are covered against any injury or damage you may inadvertently cause in the course of your work and can be purchased quite reasonably.