Reply to thread

Message: <blockquote data-quote="Geoffc" data-source="post: 257055" data-attributes="member: 8705">I don't intend to be rude, but I'm worried that your still missing the point slightly. If this is a business rather than a hobby £800 isn't a huge amount for half a weeks work by the time you've done a pre-meet, shoot and processed the results. Take 20%+ off straight away as I take it you're going to pay tax and national insurance. Remove something for equipment purchase and maintenace. Don't forget any insurance is now business rate. You'll need to do your accounts and file returns which is more time. As a professional self employed person budget 6 weeks holiday and sickness per annum (more insurance required for long term sickness protection if you're doing properly). If you shoot a wedding every single Saturday of the year that's £41,600 per annum at £800 per slot before those deductions. Holidays and slack periods will dent that. Hopefully you also do some other commissions to make up the shortfall.  Personally £800 per week revenue before deductions does not make me want to give up my current job.There is a saying in business along the lines of sanity or vanity. Vanity is where you turn over lots of revenue but make no profit. Sanity is where you turn over less but make a nice margin for your trouble.In case you hadn't guessed part of my job is working out the true cost of delivering services as part of large IT contracts. My glass starts half full and I work down from there.</blockquote>

Verification