Your guide to mystery shopping success

Moneymagpie's exciting new eBook reveals how you could be earning £££s and enjoying freebies as a mystery shopper. Enter the code MAG10 at checkout and pay just £3.49 (usual price £7!). Order here..

  • Jasmine: consumers pay over £9 billion a year in fees and lost interest on their current accounts a/c Which? (24th May 2012 - 10:27)
  • Moneymagpie: Good morning Moneymagpies! We know how keen you all are to pull in a bit of extra cash, so we've been coming up... http://t.co/uBIx1X0W (24th May 2012 - 08:37)
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  • Jasmine: Good idea of Consumer Focus promote Credit Unions through Post Offices. We need to use Credit Unions a LOT more http://t.co/Hl2Vl7Os (24th May 2012 - 07:01)
  • Moneymagpie: Did you see Jasmine Birtles on Sky News this morning? We will let you know next time she's on the box! (23rd May 2012 - 14:05)
  • Jasmine: @mokbeehive Oh well, thanks for trying! Hope all good with you :) (23rd May 2012 - 14:04)
  • Jasmine: @RetirementAngel Sure tweet the link (23rd May 2012 - 13:58)
  • Jasmine: @TiraLondon Yes there should be a law against it! (23rd May 2012 - 12:42)
  • Jasmine: Lots of people having shouting arguments on mobiles outside my window today. Lighten up! This is not the weather for shouting! (23rd May 2012 - 10:53)
  • Jasmine: @EamonnHolmes :) X (23rd May 2012 - 09:48)
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  • Jasmine: A Loan Again Naturally #librarypop (22nd May 2012 - 16:09)
  • Jasmine: The Book of Love #librarypop (22nd May 2012 - 16:08)
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Small Business

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.

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