Lessons I have learnt whilst setting up VirtuVA

Lessons I have learnt blog

We are facing uncertain times at the moment. Fears about our jobs, money, our family and our health. With the ranks of the self-employed expected to rise during these uncertain times, when better to talk about the main lessons I have learnt during my business journey?

VirtuVA is a relatively new business – and I am a relatively new business owner. It took a big leap of faith to make the transition from an employee to a freelancer/business owner – it’s scary stuff! A lot of lessons to be learnt. But do you know what – it’s so worth it.

Do they resonate?

Lesson I have learnt:

Profit can be slow

Yes, it can. What’s the point in not being honest? There are costs for setting up, laptops, office furniture, software, even buying your own pens and paper (no more stealing the office ones!). All things that we take for granted when working as an employee. Apparently it can take up to 2 years for a start-up business to become truly profitable. Hang on in there!

Lesson I have learnt:

Not all hours are billable hours

A lot of start-up freelancers seriously underestimate the number of man & women hours needed for marketing, accounting, business planning, networking, even taking the time to write posts like these. These things are not earning me money. But what I am (hopefully!) doing is getting my fabulous business exposure, getting my name out there. Who knows where this post may lead?

Lesson I have learnt:

Technology

I consider myself pretty good on the technology side. But when you are working as an employee you tend to just use the technology and software that they have internally – meaning you are not really introduced to the wide scope of tech that exists out there. Since going freelance, my eyes have been opened to all sorts of new and different software that I wouldn’t have been exposed to as a PAYE employee. This means that I am able to offer a wider range of services to my clients.

Lesson I have learnt:

It can be a little isolating

I miss the office banter – even down to ‘did you see what Shirley did on EastEnders last night – omg!’ Therefore, I have gone out my way to make connections with other freelancers in my area, ones that I can meet for coffee. There are even some fab networking groups on the likes of Facebook (*other social networking platforms are available!*) which means that although you can’t necessarily see someone face to face to rant at, they are just on the other end of the keyboard.

Lesson I have learnt:

Don’t be afraid

It took a huge leap of faith to decide to set up as a business owner. Gone is the safety net of a guaranteed monthly wage, holiday pay, sick pay etc. But I wouldn’t change it for the world. It has given me FLEXIBILITY! To be able to attend my son’s sports day, nativity, medical appointments – without having to beg for a day off! I can even book a cheeky massage in the middle of the day.

So, to sum it all up, being self-employed is ace! It may not work for everyone, but it works for me and my family, giving us the flexibility we sorely need.

What are the biggest lessons you have learnt since being a business owner?

Save your precious time – contact me now on 07792 152879 or hayley@virtuva.co.uk for a free, no-obligation 30-minute discovery call.

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