Changing to a New Business Sector

[RichInSpirit]

So after a decade of being a sole trader, and currently more or less stony broke with a rather colourful ICB record, I'm thinking of going into a different business sector. Hopefully without borrowing too much more money.

Feeling excited but also have a sense of trepidation.

Am I mad. ?

 

[RichInSpirit]

Just on the verge of going working PAYE working in a different business sector.
For the moment PAYE might suit me much better than self employed status.
I've done a projected daily budget and i hope to be able to meet all my bills and commitments better than i have been able to in a long time.

 

[Jimbobp]

Depends on the sector you're going to change to. If its construction, it might be a tough road for another few years but an experienced computer programmer should have no issue finding work.

 

[RichInSpirit]

Made the jump to PAYE employment. Nothing too glamorous or well paid. Still have outstanding bits and pieces with Revenue but gradually getting sorted.

I've being keeping a budgeting notebook (on paper)since I went PAYE and I hope to put everything into excel to examine my outgoings.

It's great having a guaranteed income coming in every week and my tax paid !