Turning 60 needn't be a watershed to dread – there are loads of...
- Jasmine: Masterclass at the Vaudeville Theatre: wonderful play, Tyne Daley is fabulous!! You must get a ticket asap http://t.co/0bYt9t0T (9th Feb 2012 - 23:11)
- Jasmine: RT @Moneymagpie: Is pampering a waste of time and money?... http://t.co/ed9x4am7 <<Yes! (first time I've agreed with Burchill!) (9th Feb 2012 - 23:10)
- Jasmine: @zoerobinson1 Ooh well done! (9th Feb 2012 - 23:09)
- Moneymagpie: Is pampering a waste of time and money?: She’s probably one of the UK’s most controversial columnists and now Ju... http://t.co/ng22TMxL (9th Feb 2012 - 14:00)
- Moneymagpie: Moneymagpie has come up with 50 ways you can save money at home without making drastic changes to your life. Use... http://t.co/qZ4XX0nQ (9th Feb 2012 - 10:42)
- Moneymagpie: @concordextra Glad we can help! (9th Feb 2012 - 10:34)
- Moneymagpie: Sign up to http://t.co/Lw3lOEJD and you can leave feedback on the best and worst places to shop. Find out about... http://t.co/TLXSQxFu (9th Feb 2012 - 10:07)
- Moneymagpie: Online exclusive! Get 10% off all online orders at Superdrug until Valentine's Day only:... http://t.co/PDssmTM5 (9th Feb 2012 - 09:19)
- Moneymagpie: Get this - cheap and cheerful, energy-saving wind-up torches!... http://t.co/IVA5ZQkR (8th Feb 2012 - 22:19)
- Jasmine: @Brandamplifier Hey, I can't remember if I sent over this piece about the birth of PR. If not, here it is! http://t.co/00XpXX3l (8th Feb 2012 - 22:15)
- Moneymagpie: Illuminations To Go: The advent of low-cost LEDs in torches has brought about something of a revolution in porta... http://t.co/0epWMyC8 (8th Feb 2012 - 18:01)
- Jasmine: @Poorlybee Nice! Spooky thing, tho, your tweet has also been sent by someone called Ellen (8th Feb 2012 - 16:43)
- Jasmine: @Poorlybee No...it was oh...sorry...must stop going thro that mail (although honestly, I didn't know which you meant...trying to look clever (8th Feb 2012 - 16:33)
- Jasmine: @Poorlybee Oh (8th Feb 2012 - 16:23)
- Jasmine: Another nasty spam bot. This time says "@x We want to Hire YOU to Tweet at [dodgy virus-filled link]". Watch out. (8th Feb 2012 - 16:23)
- Jasmine: Good for Russell Brand if he isn't taking money from Perry's estate. Respect. Like Billie Piper with Chris Evans. Quite right. (8th Feb 2012 - 16:21)
- Moneymagpie: Premier Inn are celebrating the leap year by releasing 29,000 rooms from £29 for stays between 29th February and... http://t.co/R8jGtk4f (8th Feb 2012 - 16:10)
- Moneymagpie: @oddbohemian Yes, very good point. Tell other people, don't do it myself! (8th Feb 2012 - 15:49)
- Moneymagpie: @oddbohemian very practical! (8th Feb 2012 - 15:48)
- Moneymagpie: Valentine’s flowers: where to find the best bouquets: Flowers make up almost two thirds of all Valentine spendin... http://t.co/2U93D3z9 (8th Feb 2012 - 15:47)
- Moneymagpie: The cupcake challenge! With only 3 of us in the office, can we eat all 9 (!) of this box of cupcakes given to us... http://t.co/S24jKrnR (8th Feb 2012 - 15:26)
- Jasmine: @michaelbeddoes nice! (8th Feb 2012 - 15:14)
- Jasmine: RT @michaelbeddoes: If @pauljchambers isn't cleared,a peaceful protest should happen with people showing their usernames and a joke (8th Feb 2012 - 15:12)
- Jasmine: RT @ajhmurray: If this goes against Paul I suggest that all of us put in our bio my tweets may well be jokes. Seriously. #twitterjoketrial (8th Feb 2012 - 15:00)
- Jasmine: Ah Romance. So far today I've had Valentine's press releases about debt, divorce, credit ratings and how to be a low-cost lover. *sigh* (8th Feb 2012 - 14:59)
- Moneymagpie: I used a nice thick scarf to block drafts from my big window today. Time to take a leaf out of our own article on... http://t.co/xBccpM4T (8th Feb 2012 - 14:35)
- Moneymagpie: Looking for advice on ways to pay off debt? Moneymagpie has seven simple debt solutions which can help you to be... http://t.co/Zgn11p41 (8th Feb 2012 - 14:08)
- Jasmine: The Euro is extraordinary. Now at 8-week high v the dollar a/c HIFX (8th Feb 2012 - 10:42)
- Moneymagpie: Don't forget to make the most of Moneymagpie's special 10% discount at eFlorist. Whether you're after a... http://t.co/QZAUmQ1H (8th Feb 2012 - 10:22)
- Moneymagpie: With Valentine's day fast approaching take a look at Bloomin' Delightful's stunning bouquets starting at just... http://t.co/vODdCbIP (8th Feb 2012 - 10:17)
- Moneymagpie: If you're looking to book a hotel room Travelodge have some great rates starting from just £19 per room and if... http://t.co/MJZBcqzY (8th Feb 2012 - 10:12)
- Jasmine: If women have implants for looks then they should pay to have them taken out. not the same as necessary surgery #newsnight (7th Feb 2012 - 22:56)
- Jasmine: RT @stewartfoster: #newsnight is resembling an ad for Foxy Bingo tonight. << true (7th Feb 2012 - 22:53)
- Jasmine: @EvanHD true! (7th Feb 2012 - 22:49)
- Jasmine: @Nico_Macdonald Good point made at the debate this evening. Totally agree about growth coming from production. Needs more encouragement. (7th Feb 2012 - 21:49)
- Jasmine: RT @martin_greig: Man from the Pru is (sort of) coming back 10yrs after 1,600 got chop http://t.co/iuJYlmVB <<hope they don't sell rubbish (7th Feb 2012 - 21:44)
- Jasmine: Very, very good debate at Royal Geog Soc this evening "What hope for the economy?". John Kay marvellous. @EvanHD v gd moderator (7th Feb 2012 - 21:30)
- Moneymagpie: Back at my brother's house, Norman the cat and Harvey the dog are having a nap http://t.co/oGeTICmv (7th Feb 2012 - 18:11)
- Moneymagpie: RT @tescohome: @moneymagpie You forgot to mention us! We do free #insulation and offer 5,000 clubcard points to those on benefits! <<sorry! (7th Feb 2012 - 16:57)
- Moneymagpie: The Moneymagpie newsletter is out. Great Love Film offer x http://t.co/LwWJrqGo http://t.co/kQLV81hW (7th Feb 2012 - 14:38)
Profit? What Profit?
January 29, 2008
If you’re thinking about going into business for yourself, on a small scale with minimum investment, you’re going to need a second source of income. Make no bones about it. Any business worth putting all that effort into is going to take you at least 18 months to go into profit and that’s a WILDLY optimistic estimate.
So, unless you’ve got a significant other earning a packet and happy to pay the bills, or the titchiest mortgage on the planet and you don’t need to eat, you’re going to have carry on with the job you already have if you can. Alternatively go freelance and work on a contract basis, or dust down those long forgotten skills and accept the fact that you won’t be polishing and honing your new business everyday of the week and twice on Sundays. It’s just not feasible. Time and mortgage repayments wait for no man, or woman.
I still do the odd TV job but my main source of income to cover my domestic bills and living expenses each month is painting and decorating, a job I packed in some 15 years ago. I’ve kept it up and it’s got me out of a tight spot once in a while but now I’m doing at least a job a month. And I hate it, but not always for the right reasons.
The cons are simple. Decorating takes me away from the business, which is a voracious beast, consuming every bit of effort I throw at it and then some. Decorating transports me back to a former life, to a world I was thoroughly miserable in and couldn’t wait to escape from.
The prose definitely outweigh the cons. Decorating requires zero effort in the brain department, I’ve been doing it so long, all the skill is physical – be clean, tidy, reliable and do a good job, it’s the easiest thing in the world. So my mind is free to wander, working away on the business while I paint. I can stop to make notes, check my email and take phonecalls. The money’s great! Definitely not minimum wage.
It just took a while to be comfortable with who I am while I’m doing it (how middle class and up your own bottom is that!?), to give myself a good talking to dispel those negative thoughts: Doing another job does not mean the business is a failure. Decorating in 2008 will not transport you back to your old life and make you miserable. But predominantly, have you any idea how lucky you are to possess such a skill?
I could be working for the minimum wage somewhere, having to do far more hours than I do now and being all the more tired for it.
Oh, and I got a lodger. I’d much rather have the place to myself but beggars can’t be choosers and again, I am grateful for the space to do it.
So if you are thinking of going into business then a revisit to your old skills will probably be in order. Otherwise have a look around this website, it’s bursting with good ideas for earning cash doing little jobs that just fit into the nooks and crannies of your busy life.































