1. Strong communication skills
Clear and effective communication is crucial for self-employed success, whether you’re pitching to customers, networking, or negotiating contracts. Successful individuals can articulate their value proposition and build strong relationships.
• Practice active listening to understand customers’ needs better.
• Take courses or attend workshops on communication and presentation skills.
2. Financial acumen
Understanding how to manage finances is vital. From cashflow forecasts, budgeting and pricing your services to managing taxes and VAT, having financial know-how helps you maintain a healthy bottom line.
• Learn the basics of bookkeeping and financial planning.
• Use accounting software packages to log your income and expenses.
• Consult professionals like JRMA (https://jrma.co.uk) for guidance on running and managing your self-employed business, including training on using accounting software packages.
3. Resilience and adaptability
Being self-employed has its ups and downs. There will be setbacks, market changes, and unexpected challenges. Resilient individuals bounce back from failures, learn from them, and adapt to new circumstances quickly.
How to develop this trait:
• Embrace challenges as opportunities for growth.
• Develop a problem-solving mindset to tackle issues head-on.
• Seek support from mentors, peers, or professional networks during tough times.
An accountant will be able to help with the above points, such as JRMA.
We specialise in assisting self-employed individuals in setting up and running their businesses efficiently. From processing bookkeeping and payroll to managing your VAT and providing training on how to use accounting software, we are highly experienced in helping successful self-employed people.