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New to freelancing? Learn how to create and send professionally formatted freelance invoices to ensure you get paid on time - find out the dos and don’ts. How to invoice as a freelancer 10 min read Beginner's Guide Table of Contents Categories How to format a freelancer invoice Invoice header Contact information Unique invoice number and date Description of services Payment terms and options Dos and don’ts of invoicing Sending an invoice Invoicing international clients Invoicing for freelance work Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Securing your first freelance client is a great feeling. You’ve reached a huge milestone in your self-employment journey, completed exemplary work on time, and the client is thrilled. Go you! Now that you’ve wrapped up your work, it’s time for your client to uphold their end of the bargain and pay you. For them to do this, you need to send them an invoice. But, if you don’t have any experience sending invoices in the past, it can be a little confusing knowing the correct invoice etiquette. As part of your new career, it’s important you know how to write an invoice for freelance work. It’s one of the main things to consider when starting your business . It needs to be in the correct freelance invoice format and include all the relevant information so it continues to present you as a competent professional. In this guide, we’ll outline how to invoice as a freelancer so you spend less time scratching your head over the admin stuff and you can get on with doing what you do best - producing great work for your clients. How to format a freelancer invoice There isn’t really a science to formatting an invoice, but there are steps you should follow so you and your client have everything needed. The main thing to consider is that it’s clear and professional and includes all the necessary information related to you, your client and the work you did for them. Below, we’ll take a look at the key components you’ll need to include when setting up as a freelancer and creating and formatting your freelance invoice. Invoice header At the top, a header ensures your invoice stands out. It should include your name (or the name of your business) and a logo if you have one. It should also clearly state that the document is an invoice, which lets the recipient know that it’s important and shouldn’t be dismissed. A strong header ensures brand consistency and continues to establish your credibility, so don’t overlook this first component. Contact information Just like when you write a letter, you need to include your contact information at the top of your invoice. Your client may already have this information, but it’s important to include it again so your invoice is professional. It also helps with your client’s confidence so they know exactly who the invoice is from and how they can easily get in touch with you if they have a question or update. The contact information you should include on your invoice is: Full name Business name (if you have one) Postal address Email address Telephone number Not only this, but also like a letter you should include your client’s contact information. This makes sure you keep a formal record of who you send invoices to and helps prevent mistakes. Unique invoice number and date Next, you need to make sure you and the client can accurately file and identify invoices. This is for both your benefit and the client’s benefit. The invoice number can be in any format you like. This could simply be in numerical order, e.g. #001 ; relate specifically to the client, e.g. #CLIENTA -1; or a custom format depending on how you wish to identify invoices. You should also include the date the invoice is issued. This helps with your and your client’s record-keeping. Description of services The next piece of information you need to include is a description of the services you provided to the client. This ensures your client knows exactly what they’re paying for. For clarity and simplicity, it’s often best to break this information down into a table. The information in the table should include: Description of the services provided Agreed hourly or total project rate Total hours worked (if hourly rate) Total billable amount per task VAT (if applicable) This information clearly shows the client the work that’s been completed and the breakdown of the costs, which should prevent questions or disputes. It also ensures you remain tax-compliant where necessary. Payment terms and options It’s vital to include the date the invoice should be paid, which is something you and your client may have discussed during the hiring process. If not, it’s common to use a period of time such as 30 days or 10 working days from the date of issue. Alternatively, you may wish to give a specific date for when the client will need to pay the invoice. Some professionals choose to include a short message stating that invoices that aren’t paid on time will incur a freelance invoice late fee. This could be a flat rate or a percentage of the total invoice amount for every day the invoice is overdue. Possibly the single most important piece of information to include on your invoice is the payment options. This will include how you want clients to pay you, such as via bank transfer, cash, debit/debit card payment or PayPal. You may also offer a variety of options. Most freelancers ask to be paid by bank transfer, and you should include the relevant information on the invoice. If you work with international clients, you’ll also need to include additional information so they can pay you too. This should include: Bank Name Account Name Account Number SWIFT/BIC Code (for international payments) IBAN (for international payments) You should be able to find this information in your online banking or located on a bank statement. Dos and don’ts of invoicing Invoicing can be a little daunting at first, but it’s an important part of the freelance process – otherwise, you simply won’t get paid. Here are some key dos and don’ts for your freelance invoice: Dos Give your client a heads-up that your invoice will be sent soon Keep copies of all your invoices Send payment reminder emails a week in advance of the due date Send regular follow-up emails for overdue invoices Stick to the guidelines stated in the invoice Include a message of thanks Don’ts Be late sending your invoice Forget to include any of the information listed above Forget to double-check all details before sending Forget to actually send your invoice Change any fees or terms without prior agreement Hold back if invoices are overdue Sending an invoice Before sending your invoice, it’s best to send it in a file format that can’t be edited, such as a PDF. Then, check with your client as to whether they’d like you to send the invoice to them or to a specific email address or person. You may also want to send a paper copy to the business, though this is far less common these days. If you’ve completed work for an individual or another freelancer, you can also send invoices to a private person. During your freelance career, you may consider whether you should register as a limited company , which can have many advantages as you grow. This will also have an impact on how you invoice clients, such as the need to include VAT. For more information read our guide to what’s best: self employed vs limited company . Invoicing international clients When invoicing international clients, you’ll want to include all of the same information outlined above. However, there are a few key differences and additions to be aware of to make sure you’ve paid the right amount and there aren’t any misunderstandings. These include: Make sure you use the currency in which you’re charging your client The accepted payment method Your SWIFT/BIC code and IBAN if your client is paying via bank transfer Whether or not VAT or other local taxes are required Whether there are fees for foreign payments and who is responsible for those fees Without this information you face delays, being paid the incorrect amount or not being paid at all. Invoicing for freelance work At first, invoicing as a freelancer can feel a little strange. But, it’s an important part of the process – it’s also one that’s important to get the right first time. If you don’t include all the relevant information on your invoices, it can cause confusion, delays and – worst of all - risk you not being paid on time. And during your new venture as a freelancer, you need to make sure you get paid when you expect to get paid, as delays can cause a domino effect when it comes to paying your personal bills and finances. If you’re looking to go freelance and register as a limited company, Start Up A-Z is here to help. With us, you can form your company for free - we’re here to support you at every stage. Recommended Readings

Learn how to start freelancing with no experience with our actionable tips and advice, and find out which freelance jobs could be the best to pursue too. How to start freelancing with no experience in 2024 12 min read Beginner's Guide Table of Contents Categories Can I be a freelancer with no experience? 7 tips on becoming a freelancer with no experience 1. Identify your transferable skills 2. Create a strategy and pricing structure 3. Build your online presence and be active 4. Build a portfolio and grow your testimonials to show off your work 5. Find your first freelancing jobs 6. Connect with the community and team up with others 7. Research and expand your knowledge Best freelance jobs that require no experience Start your freelance journey with SUAZ Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office When looking to start a new career, it can be all too easy to let imposter syndrome get the better of you. But the only way to gain experience in a new field is to embrace the unknown. If you’re wondering ‘can you freelance with no experience?’ The answer is absolutely yes - how else are you going to share your skills and passion with the world? There are now a total of 2,046,000 freelancers in the UK - an increase of 11% since 2022. It’s easy to see why freelancing is on the rise - the benefits are truly unmatched. You’ll gain the flexibility to work wherever you like, the opportunity to share your passion and work on projects you truly care about. But as a newbie to the freelance world, you’ll first need to find freelance jobs with no experience. Below, we’ll uncover exactly how to start freelancing with no experience and some of the best freelance jobs with no experience for you to build a winning portfolio to grow your career. Can I be a freelancer with no experience? Think of it this way, everyone is a beginner at first. Having no experience in a particular field shouldn’t hold you back - everyone has to start somewhere! Chances are you already have transferable skills that you can apply to numerous freelance opportunities. Many freelance jobs don’t require extensive former experience to get started. Perhaps you’ll embark on freelance social media management, or you’re looking to give freelance copywriting a try. Before you embark on your freelance adventure, it’s vital that you have a strategic plan in place to improve your chances of success. With a proactive approach and determination, you can establish yourself as a freelancer and grow a loyal client base. 7 tips on becoming a freelancer with no experience We’ve put together a list of tips on how to start freelancing with no experience, along with expert advice shared by other, experienced freelancers. With these tips, you’ll soon be ready to embark on your new exciting chapter. 1. Identify your transferable skills If you have no direct experience in freelancing, identifying your transferable skills is vital. You may be surprised how many skills you already have that could be applied to a freelance position. For example, you may have great communication skills or be a problem-solving whizz. You can then take these skills and apply them to different freelance jobs - for example, strong communication skills are key for copywriting where you’ll need to explain complex ideas clearly and concisely. Giada Del Drago , Life Coach and Consultant, says, ‘The best way to identify transferable skills is to look back through your CV and see which skills you’ve used in different jobs. These can then be your professional strengths or even your USP.’ Recognising these transferable skills can be a great confidence booster and can also help pitch yourself to potential clients. Emma Georgiou , Executive Coach, Consultant and Trainer has shared the following tips for identifying transferable skills: Look at your CV and consider the experiences that you have. Consider what skills you acquired in each role e.g. problem-solving, leadership, coaching, technical abilities. This can be split into hard skills (knowledge / expertise) and soft skills (interpersonal and behavioural). Consult others around you – ask family, friends and former colleagues who know you well. They may be able to identify other skills that you have learned that may not be obvious to you. In the work setting you can also look at feedback you’ve received as part of reviews, as this often uncovers your skills. Once you’ve identified your list of skills, create a document with them in, and add to it once you learn something new. If looking for a new job, cross-check the job description with your skills list and look for alignment. 2. Create a strategy and pricing structure As a newbie to the freelance world, you’ll need to create a strategy and pricing structure that aligns with your personal goals, current circumstances and market trends. To begin with, you may choose to freelance alongside your current job or studies, allowing you to test the waters and decide whether you enjoy freelancing before fully committing to it. Initially, it’s worth prioritising building a strong portfolio of work and gathering client testimonials over making as much money as you can. You may choose to offer your services at a lower rate to begin with, to build a client base. As your confidence and experience grows, you can then adjust your pricing to reflect your expertise. Take a look at our guide to setting up a freelance business for more information on setting a price for your services. 3. Build your online presence and be active Building an online presence is crucial as a freelancer. You can use social media to shout about your successes, advertise your services and keep informed about the latest trends and developments in your industry. Networking platforms like LinkedIn can connect you with potential clients and other professionals, for you to attract new opportunities. Being active on platforms like Facebook and Instagram can help you market your services and connect with potential clients. Make sure you also prioritise creating a website that showcases your work and skills. Your website serves as a central hub and digital portfolio for your previous work, testimonials and contact information. 4. Build a portfolio and grow your testimonials to show off your work Your portfolio and testimonials are key components of your freelancer toolkit, there to prove your credibility and talent to potential clients. Take the time to put together a portfolio that showcases your best work - the more variety the better, to appeal to different industries. Testimonials are equally as important, as endorsements of your professionalism and quality of work from those who have previously worked with you. With no freelance experience, you may wonder where you’re expected to get testimonials from. Why not ask a previous employer or colleague for a recommendation to include on your website? Once you’ve got a client base to your name, you can request feedback once you’ve completed a project. 5. Find your first freelancing jobs Deciding to become a freelancer is one thing, but finding freelancing jobs is a different ballgame. There are numerous ways you can find your first freelancing gigs , both online and in person. Here are some ideas on where to start: Freelancing platforms: These are sites dedicated to helping freelancers find new projects to work on. Platforms such as Upwork and Fiverr are popular freelancing platforms to market your services, connect with potential clients and manage payments. Job boards: Job boards like Indeed and Reed often list freelance jobs. But unlike freelancing platforms, you’ll need to manage client communications and payments yourself. Cold pitching: Many shy away from cold pitching due to being left on read, but it can be a simple and effective way to build new connections and land yourself projects you’d otherwise miss out on. Before reaching out to a potential client, be sure to do the research first. Make sure you know about their business and that their values align with your own, so you sound genuinely interested in working with them. 6. Connect with the community and team up with others Freelance work can feel isolating at times, especially if you work from home. Joining a freelance community can provide you with a network of like-minded professionals who you can rely on and learn from. Your network may even share job opportunities and can recommend you to their network when they’re not available for a project. Taking advantage of a freelance community can help keep you motivated, offer emotional support where needed and help you grow and develop your skills. You’ll have an outlet to discuss any concerns you may have, people to bounce ideas off with, and a space to share knowledge as you advance in your career. 7. Research and expand your knowledge When starting out as a freelancer, researching and expanding your knowledge is crucial. The more you know, the stronger foundation you’ll have for your freelance business. First, research the industry you’re looking to operate in and the pain points and typical goals of potential clients. Next, research and keep on top of the latest trends and advancements in your industry to ensure you’re producing work that hits the mark. From there, you can tailor the services you offer to these needs and position yourself as a valuable asset to your clients. Best freelance jobs that require no experience Looking for the best freelance jobs with no experience? There are numerous fields you can explore that can make the most of your transferable skills. When it comes to the types of jobs out there, the largest occupational group for freelancers is those in artistic, literary and media occupations which now account for 16% of all freelancers . For those who prefer to work from home (or abroad!), there are plenty of freelance remote jobs with no experience out there that may suit you. We’ve compiled a list of some of the best freelance jobs with no experience below, for you to consider: Copywriter: You’ll find plenty of entry-level writing gigs on platforms like Upwork and Fiverr. The more you write, the better your work will become. Learning the basics of SEO and optimising your copy for search will impress potential clients. Virtual Assistant: If you’re an organised person who lives by to-do lists, you could use your skills to assist businesses with day-to-day admin tasks. These jobs may include email management, data entry and scheduling meetings. Virtual Assistant roles can often be done remotely. Social media management: You could help brands build their social media presence by managing their social media platforms, creating and scheduling content, interacting with followers and analysing performance. It’s likely you’ll be able to work remotely too. Graphic design: Perhaps you’re a whizz with Photoshop or naturally artistic, if so, becoming a freelance graphic designer could be for you. You can even use free or inexpensive tools like Canva to get you started. Why not build a portfolio of your designs to pitch to potential clients? Customer service: Customer service representatives provide email, phone or chat support to customers on behalf of a company. You’ll be there to provide support, answer questions and resolve issues. It’s likely you’ll have a stricter schedule than other freelance positions, but you may be able to choose your hours and work remotely. Online tutor: If you have a knack for a certain subject, you could teach it online. You can make your home your classroom through platforms like MyTutor and iTalki, allowing you to connect with students across the globe. This is a flexible freelance option, and a rewarding one too. Proofreader: If you have an eye for detail and a way with words, you could look to become a freelance proofreader. You’ll be sent content to review for grammar and spelling errors, and can often work remotely. Start your freelance journey with SUAZ Taking the leap into freelancing can feel daunting, but the benefits are certainly worth it. Chances are you already have plenty of transferable skills that can stand you in good stead for your freelance career. So, what are you waiting for? There’s no better time to make your business dreams a reality. Form your business today with SUAZ, and take the freelance world by storm. Recommended Readings

Discover the passionate people behind our commitment to simplifying your business journey. Learn about our team's passion for delivering exceptional service. Meet the SUAZ Team We're excited to introduce you to the dedicated professionals who drive our company forward. Here, you'll get to know the faces and stories behind our mission to simplify and support your business journey, ensuring you receive the best possible service at every step. Explore our team's expertise and passion, which are at the heart of everything we do at SUAZ. “I started a business at a young age and found out the hard way about how not to do things with my first business. I have since started a number of successful businesses, learning more along the way, and now I want to help others to give them the best chance of success.” “I love helping start-ups because I thrive on the innovation and passion they bring. My role allows me to contribute to their growth, solve unique challenges, and witness their transformation from ideas to successful businesses. It's rewarding to be part of their journey and see tangible impacts” "I work closely with start ups at all stages of the process, from assisting with a formation application process to facilitating support in the early stages of a launch. Being part of the full start up journey and helping a business to grow is really rewarding." “I have worked with businesses of all shapes and sizes to plan and execute a Marketing Strategy, but supporting new businesses and helping them to market is so much more rewarding than just being a cog in a multi-national business machine. I want to help new business owners and give them a head start in their journey.” “Working with start-ups is truly rewarding. It brings fresh opportunities for learning and creativity, allowing me to constantly expand my skill set and knowledge. Moreover, working with start-ups not only enhances my career but also provides a deep sense of satisfaction and fulfillment in contributing to the success of these budding businesses. ” "I help start-ups by organising, delivering on time and within budget by tailoring project plans to fit their requirements. Having worked with all kinds of businesses from small to multinational businesses previously and now helping new businesses where I can at the start of their journey is personally extremely rewarding." I love helping startups with their dynamic, impactful environments offering autonomy, learning, and growth. The fast-paced nature fuels our entrepreneurial spirit, while the close-knit community fosters collaboration and recognition. Contributing to their success is fulfilling, with the potential for significant impact and rewards, making every effort meaningful and gratifying.

The Companies House register has shrunk for the first time since quarterly reporting began in 2012. Read what it means for future entrepreneurs. Companies House register drops for the first time since 2012 5 min read Company Formations, Business Trends Table of Contents Categories Year-on-Year changes What to do if you’re thinking of starting a business Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office The Companies House register has shrunk for the first time since 2012 - a stark indicator of the economic headwinds facing UK businesses. While various factors contribute to this downturn, it's difficult to ignore the impact of fiscal policies. Rachel Reeves' budget, while aiming to stimulate growth in certain sectors, has introduced measures that may inadvertently be dampening entrepreneurial spirit. For many, the cost and complexity of setting up a business now feels more daunting, especially amidst ongoing economic uncertainty. Moreover, the current economic climate, alongside rising inflation and fluctuating interest rates, is creating a high-risk environment for startups. Potential entrepreneurs are likely weighing the increased costs of borrowing and the challenges of securing initial funding against the backdrop of a potentially shrinking consumer market. A decrease in new company registrations signals a potential slowdown in innovation. Without a steady influx of new businesses, the UK economy risks stagnation, particularly in sectors reliant on entrepreneurial dynamism. How company formation registrations have changed year-on-year: Since the start of the year, there has been close to an even split between businesses starting and businesses closing. And when looking at the first two weeks of March alone, over 34,000 businesses have dissolved. No. of businesses set up from January 1st to 13th March 2025 No. of businesses dissolved from January 1st to 13th March 2025 166,944 164,357 This time a year ago, there were 18% more businesses set up, with fewer dissolving. No. of businesses set up from Jan 1st to 13th March 2024 No. of businesses dissolved from January 1st to 13th March 2024 197,292 138,302 Source: Companies House Looking ahead, this trend could significantly impact business confidence throughout the year. If the government doesn't address the underlying concerns of aspiring entrepreneurs, we may see a continued decline in new formations. This would not only affect the overall economic health but also exacerbate regional disparities, as certain areas may struggle more than others to attract new businesses. What to do if you’re thinking of starting a business If you’re looking to start your own business this year, there are a few things you’ll need to take care of. Following these steps can improve your chances of success and give you peace of mind that you’ve taken care of everything. Forming your company: You’ll need to legally form your company through Companies House which willcost you a £50 registration fee. Here at SUAZ, we can take care of this for free, you’ll just need to decide on your business name. Set up a business bank account: There are a variety of banks that offer great incentives for having a business bank account. We’ve listed a few in our starting a business guide. Choose your business legal structure: From sole trader to private limited company to public limited company, it’s important to understand the right legal structure for your business, with each having its own benefits and challenges. Check out our guide on legal considerations when starting a business. Understand your tax obligations: Every business in the UK, regardless of its size or structure, needs to be registered with HMRC. You’ll need to file annual returns and keep on top of your taxes. Limited companies are required to pay corporation tax on their profits, and you may need to register for VAT if your business turnover exceeds the VAT threshold . Here at SUAZ we’re on hand to help form your company at no expense. Recommended Readings

Suaz respects your privacy and choices! Transparent Cookie Policy: learn how cookies work, manage preferences and personalize your experience. Learn more! COOKIE POLICY Last updated October 04, 2024 This Cookie Policy explains how SKILLSERVE TECH LTD ("Company," "we," "us," and "our") uses cookies and similar technologies to recognize you when you visit our website at https://www.suaz.co.uk ("Website"). It explains what these technologies are and why we use them, as well as your rights to control our use of them. In some cases we may use cookies to collect personal information, or that becomes personal information if we combine it with other information. What are cookies? Cookies are small data files that are placed on your computer or mobile device when you visit a website. Cookies are widely used by website owners in order to make their websites work, or to work more efficiently, as well as to provide reporting information. 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Learn how to find freelance work and respond to inquiries with our comprehensive guide. Use our step by step advice to help set yourself up for success. How to Find Freelance Work & Respond to Enquiries 12 min read Beginner's Guide Table of Contents Categories Six tips for finding freelance work in 2024 1. Speak to everyone you know 2. Build a website and showcase your work to help with others share your services 3. Use social media to build connections and your business brand 4. Explore the best freelance jobs and websites 5. Go out and meet people 6. Embrace cold pitching 7. Schedule time to build your freelance base of contacts What is the best way to respond to freelance enquiries? 1. Ensure you understand the project 2. Craft a winning proposal 3. Negotiating with prospective clients 4. Following up with your prospective client Continuing your freelance journey with help from SUAZ Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office If you’re looking to turn your passion into cash, freelancing could be the solution you’re searching for. The promise of flexible working, a better work-life balance and diverse projects is encouraging more and more professionals to take the leap into the freelance world. But the success of your freelance business relies on regular clients and a steady income, which can be tough to secure early on. Trying to find freelance work in the UK? With our tips and tricks, your next client could be just around the corner. We’ve put together this complete guide on how to find freelance work, so you know where to score the best opportunities and build your network. We’ve even asked freelancers for their thoughts too, so you have advice from those who have been in your shoes. Six tips for finding freelance work in 2024 Knowing how to effectively search for and secure freelance jobs is a crucial trick of the trade. Wondering how to find clients as a freelancer? We’ve put together our six top tips on how and where to find freelance work and how to keep clients coming back to you time and time again. 1. Speak to everyone you know Make sure you use your own network to your advantage. Tapping into both your professional and personal network can encourage word-of-mouth marketing. Your connections can spread the word of your expertise and recommend your services to their own network, which can help expand your client base. Why not reach out to friends and family, or even former colleagues to get your name out there? Those who know you best can shout about your successes, and you may find opportunities you otherwise wouldn’t have known about. Freelancing is built on trust and reputation, so having others speak about your talents to their network can be a valuable asset to grow your freelance career. Freelance Copywriter & Content Consultant Jess Peace says, “Comment and show up for fellow freelancers in your field. It costs absolutely nothing to be nice. You gain valuable insights from people doing what you do. And the more people get to know you and what you're about, the more likely you are to be referred to and remembered when someone needs a freelancer.” 2. Build a website and showcase your work to help with others share your services Your website is your online portfolio, there to showcase your skills and shout about your successes. But as a freelancer, your website is also a valuable, accessible tool for attracting work. With strong testimonials and examples to browse, your website can demonstrate your expertise and build trust with potential clients. A key element of your website should be testimonials, which provide social proof of your skills and experience. They serve as endorsements from others who have worked with you, which can go on to persuade others to do the same. If your testimonials are limited, here are some tips on how to ask for recommendations from others: Time it right: Ask for a testimonial from your client when you’ve just completed a project, so your work is at the front of their mind. This ensures their feedback is specific, genuine and relevant. Be specific: If you’re looking to get a certain message across on your website or highlight a particular talent, request testimonials that highlight this. For example, you could ask your client to focus on how well you meet deadlines or your creative approach to projects. Provide a template: Creating a feedback form or template that your clients can fill in can speed up the process. You can ask them specific questions and make it easier for them to provide specific feedback. 3. Use social media to build connections and your business brand Social media is now the top sales generator for one in four small businesses in the UK, making it a powerful tool for growing your freelance business and brand. Using social media platforms strategically can boost your brand visibility and help you build connections within your industry. Freelance Content Specialist, Jessica Hodkinson says, “Networking on LinkedIn has been a big part of my technique to finding contracts and building connections with people. A recent example is that I started doing a small amount of work for someone who then introduced me to two people - the conversations that we had then turned into winning projects. Commenting on posts that raise topics of interest and joining groups and posting on a regular basis can help you build your own personal brand.” Here are just some of the ways social media can help you find freelance work online: Visibility: You can use social media as your business’ voice, to showcase your skills and knowledge on a global scale. You can promote your services on platforms like LinkedIn, share updates and industry insights to keep your name on the top of your clients’ or potential clients' radar. Networking: Social media is a great way to connect with potential clients, participate in industry discussions and keep in the know about the latest advancements, events and trends in your industry. Your reputation: Actively participating in industry groups and discussions can help position you as an expert in your field. You can use social media to share your knowledge and enhance your credibility, in the hope that potential clients will come across your posts and view you as a knowledgeable professional. 4. Explore the best freelance jobs and websites A more traditional approach to finding freelance jobs is searching freelance platforms and freelance job boards. Freelance platforms are essentially marketplaces that focus on freelancing as a whole. Platforms such as Fiverr and Upwork allow you to create a profile, showcase your work, bid on projects, message clients directly and manage payments. Whereas freelance job boards are more straightforward, listing available freelance jobs without the extra features. You can browse job boards like Indeed to find freelance gigs and negotiate rates, but it’s likely you’ll have to manually handle processes like payments yourself compared to using a freelance platform. Being active on both freelance platforms and job boards can offer you the best chance of finding new freelance opportunities. Freelance platforms tick all the boxes and can make your job feel simpler, including being able to manage client relationships through built-in messaging options and payment systems. Whereas, job boards offer a wider range of job listings you may otherwise miss if you were to rely on freelance platforms alone. 5. Go out and meet people A simple but often underrated way to find freelance work in the UK is by meeting people face to face. It may sound like an obvious one, but many rely on searching online for freelance gigs and forget the benefits that come with meeting potential clients face to face that may not be available online. Ray Saddiq, Founder of The Social Diary , says, ‘It’s good to turn up to events relevant to your industry or your clients’ industries. Meeting people face-to-face is so powerful. Networking, sitting down and talking to potential clients, and openly discussing the services you can offer. Solving problems on the spot when you meet them can be incredibly effective.’ Here are some key benefits of how in-person interactions could benefit you as a freelancer: New relationships: In-person interactions can help you build a closer, more authentic relationship with your clients or potential clients. You can show your professionalism and personality firsthand which may encourage others to want to work with you. Networking: Events such as conferences and industry meetups can introduce you to like minded professionals in your industry. These interactions may lead to freelance opportunities such as partnerships, referrals or even new clients. Local opportunities: Meeting face-to-face may open the door to local opportunities you wouldn’t have found online. Events can introduce you to local business owners who may benefit from your expertise. 6. Embrace cold pitching While the idea may sound intimidating, cold pitching can be an effective way to get your name out there and find freelance opportunities you’d otherwise miss. Cold pitching is a way to demonstrate your passion and confidence in your craft, by proposing services and solutions to businesses directly. Instead of waiting for a job ad to appear, you’re showcasing your skills to potential clients in the hope they’ll take a chance on you - you may even be offered a job that otherwise wouldn’t exist. Senior Freelance SEO Copywriter, Kiri Nowak-Smith says “My best piece of advice with cold pitching is not to give up. Keep doing it. Keep doing it even when you’ve got work because you need a steady flow of leads to come in. You want to be proactive rather than reactive. Don’t just message people in a blind panic when the work dries up. Stay one step ahead of the game and keep cold-pitching people even when you’re fully booked with work. Just adapt your pitch so that you’re aiming to make people aware of what you do rather than asking to work together. Set yourself daily targets. For example, today I am going to research ten contacts and send them a cold message (that appears to be very warm!).” Before reaching out to potential clients, make sure you thoroughly research each individual or business you’re looking to contact. Understand their pain points so you can specifically outline what your services will offer them and the benefits they’ll gain. While finding work is a priority, make sure you only pitch to companies whose mission and values align with your own. This improves your chances of a successful client-freelancer relationship and makes your pitch sound genuine too. 7. Schedule time to build your freelance base of contacts Scheduling regular time to build your freelance network can help you maintain a steady income and in turn, make the process feel less overwhelming. You could dedicate a specific time each week to reach out to companies, browse job boards or freelance platforms and focus on networking. A proactive approach ensures you stay informed with the latest trends in your industry, expand your freelance contacts and boost your reputation as a result. What is the best way to respond to freelance enquiries? There is no one size fits all approach when it comes to responding to freelance enquiries. Each potential client you come in contact with will have unique pain points and their own communication style, so tailoring your responses accordingly is key to building strong relationships from the start. If you’re looking to answer freelance enquiries effectively, the following tips can help guide your responses. 1. Ensure you understand the project Before committing to a new project, it’s vital that you understand the full scope of work and feel confident that you’re the right person for the job. Knowing exactly what is expected of you will ensure you can respond to the potential client confidently. Here are some questions you could ask the prospective client to ensure you have all the information you need: What are the key deliverables? What is the budget for the project? Can you give me a list of deadlines I need to meet? What are the project’s goals and objectives? Who is the target audience or key buyer personas for the project? 2. Craft a winning proposal Your proposal is your chance to show potential clients what you’re made of. A well-crafted proposal should demonstrate that you understand your client’s needs and how you plan to fulfil them. Detail your approach to solving the client’s pain points, your experience and how you’ll bring value. First, summarise the client’s objectives to make it clear you understand what they’re looking to achieve. From there, you can detail how you plan to meet those goals, as well as your former experience and skills. 3. Negotiating with prospective clients As a freelancer, negotiating with potential clients is a valuable skill that can help you manage your workload and expectations and in turn, remind you of your worth. Key aspects you may find you need to negotiate include rates, deadlines, scope of work and payment terms. When it comes to pricing, make sure you understand the client’s budget beforehand and have evidence to hand of the value your work delivers. That way, should you need to negotiate on price you have the evidence to justify your rates. With deadlines, make sure you have a clear picture of when work is due and have deadlines in writing to cover yourself. Remember to be confident in your worth, listen to clients’ needs and be open to compromising on deadlines and cost without devaluing your services. 4. Following up with your prospective client Once you’ve sent off your proposal or had an initial chat with a potential client, there’s no doubt you’ll be eagerly waiting for a response. Don’t be afraid to follow up with them - in fact, doing so demonstrates your genuine interest in working with them as well as your passion and professionalism. Following up with them gives you the chance to answer any questions you may have as well as confirming you have everything you need to get to work on the project. Typically speaking, a good timeframe to follow up is within 5-7 business days, following your last interaction. Continuing your freelance journey with help from SUAZ The freedom and flexibility that comes with freelancing are truly unbeatable, but finding work can feel tricky to begin with. We’re hoping our tips above will give you the confidence to share your passion with the world and score some great opportunities. If you need some extra support to get things going, there’s no better place to start than SUAZ. Our company formation service can help you start your freelance business, with professional advice and guidance whenever you need it. Apply to form your freelance business today . Recommended Readings

Learn the key differences of paying tax, personal liability and more if you’re weighing up whether to run a business as a sole trader or a limited company. Self Employed vs Limited Company - What’s Best? 12 min read Company Formations Table of Contents Categories What’s the difference between a sole trader and a limited company? Tax differences between self-employed and a limited company Tax if you’re a sole trader How much can you earn self-employed before paying tax? Tax if you’re a registered limited company VAT Could I change from a sole trader to a limited company? Greater pension options Reduced risk of personal insolvency You could sell your business Weighing up your options to form a company Let SUAZ help you on your business journey Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office No feeling compares to taking the leap to start your own business. Financial freedom, flexible working hours and the ability to build a culture you care about - the list of benefits is endless. From doing your research, you’ll know there are several big decisions you’ll need to make as a business owner - and we’re not just talking about the paint colours of your new office. You’ll need to decide on the structure of your new business, and weigh up the pros and cons of a self employed vs limited company. Below, we’ll uncover the difference between a sole trader and limited company, so you can figure out which business structure works best for your new venture. What’s the difference between a sole trader and a limited company? While operating as a sole trader or limited company won’t change your role as a business owner, there are numerous differences to consider when you compare limited company vs self employed in the UK. We’ve put together this table to outline the differences between a sole trader and limited company, so you can match your needs to a business structure that works for you. Sole trader Limited company You’ll need to register with HMRC to let them know you’re self-employed Limited companies are treated as separate legal entities, meaning you aren’t personally responsible for your business’ losses or debts You’ll be personally liable for any business debts or financial losses Most limited companies are ‘limited by shares’, meaning they’re owned by shareholders. You can own 100% of the company, or a percentage of it depending on the weighting between shareholders If you’re sued, your personal assets may be at risk It will cost you money to register as a limited company (a £50 registration fee) but SUAZ covers the cost to make it more affordable for you to chase your dream It doesn’t cost you anything to get started as a sole trader - but remember, you’re personally liable should things go wrong financially When your business is registered you become a director of the company Tax differences between self-employed and a limited company A key difference between becoming self-employed and forming a limited company is tax. Below, we’ll explore some of the tax implications of a self employed vs limited company. Tax if you’re a sole trader As a sole trader, you’re responsible for keeping on top of your taxes. How much tax you pay will depend on the profit you make and how much income you earn each financial year (which runs April-April). Once your income exceeds the tax-free personal allowance threshold, which is £12,570, you’ll need to pay tax on anything you earn over that amount. Sole traders pay between 20-45% income tax, whereas limited companies pay only 19% corporation tax, making them more tax efficient. Those who are self-employed are also required to pay National Insurance Contributions (NICs) and the class you pay depends on the profit you make. If you make a profit of £6,725 or more a year, Class 2 contributions are treated as having been paid to protect your NI record, so you don’t need to pay Class 2 contributions. If you earn less than this a year, you don’t need to pay anything but can choose to make voluntary Class 2 contributions to protect your NI record, so you qualify for certain benefits and the state pension. Make more than £12,570 a year? You’ll need to pay Class 4 Contributions, which for the 2024-25 tax year are as follows: 6% on profits of £12,570 up to £50,270 2% on profits over £50,270 How much can you earn self-employed before paying tax? You’ll pay tax on anything you earn over the standard Personal Allowance, which for the 2024/25 tax year is £12,570. Tax if you’re a registered limited company As a limited company, you’ll pay corporation tax, which is typically less than the income tax you’d pay as a sole trader. If your business made more than £250,000, you’ll pay the main rate of corporation tax which is 25%. If your company’s profits were £50,000 or less, you’ll pay the small profits rate of 19%. As a company director, you may choose to pay yourself a mix of salary and dividends, meaning your salary amount is smaller, and in turn, you’ll pay less tax. Dividends are taxed at a lower rate , allowing you to maximise your take-home pay. This method also lowers the amount of National Insurance you’ll pay. As the director of your limited company, you’ll pay two types of National Insurance contributions - the company itself will pay NIC as an employer, and you’ll also pay it on your salary. You’ll be responsible for paying National Insurance through HMRC’s PAYE (Pay as You Earn) system, as part of your business’ payroll. Limited companies are also required to file annual reports to Companies House, which become available to the public. These accounts include details on your profits and losses, a balance sheet, a director’s report, an auditor’s report and your name and signature. VAT Whether you’re a sole trader or limited company, you’ll need to register for value added tax (VAT) if your turnover goes over £90,000 - the VAT threshold. You can also choose to register for VAT if your turnover is less than £90,000, known as voluntary registration. Currently, in the UK, the rate of VAT is 20%. A good way to think of it is your business isn’t paying VAT - instead, you’re charging your customer, for you to then pay HMRC. You’ll then complete a VAT tax return, usually quarterly, to let HMRC know how much VAT you’ve charged. You’ll need to include your total sales and purchases, the amount of VAT you owe, the amount of VAT you can reclaim and the amount of VAT HMRC owes you. You can submit your VAT return using compatible accounting software, through an agent or accountant, or by using your online VAT account . Could I change from a sole trader to a limited company? You have the freedom to operate as a sole trader initially while you find your feet, and later decide to register your business as a limited company. Just because you started out as a sole trader, it doesn’t mean you can’t change your mind further down the line. But, it’s important to be aware of the challenges many new businesses face. According to the UK’s self employed survival rates for 2025 , a significant number of sole traders close within the first few years. Understanding these survival rates can help you plan your business journey more effectively. Changing from a sole trader to a limited company could shield you from financial risk. This is because a limited company is treated as a separate legal entity from its director, meaning you won’t be personally liable should your business suffer financially. You may also benefit financially when it comes to business tax. Rather than paying between 20-45% income tax, you’ll pay corporation tax at 19%. As a director, you can also choose to take home a smaller salary and receive your additional income as dividends to help lower your tax bill. There are further benefits to registering as a limited company including: Greater pension options As a sole trader, you’ll only be eligible for a personal pension and you can’t deduct your pension contributions as an expense of your business. This means your contributions will need to come from your take-home pay after tax. You’ll still be eligible for the State Pension as long as you have ten qualifying years on your National Insurance record to get any state pension, and at least 35 years to receive the full State Pension. Operating as a limited company can unlock greater pension options. Your pension contributions can be treated as an allowable business expense if the payments are ‘ wholly and exclusively ’ for the purposes of the profession, trade or vocation. What does this mean exactly? Well, you can offset the pension contributions against your business profits and in turn reduce your corporation tax bill. As a limited company, you may also have the chance to join or provide a small self-administered scheme, known as an SSAS pension - a type of workplace pension that is independently managed by the company that sets it up. Reduced risk of personal insolvency As we mentioned earlier, as a limited company you have the legal protection that should your business face financial difficulties, you won’t be personally affected. This is known as limited liability , which protects you should your business ever struggle with debts, financial losses or liabilities, the business itself is responsible for them - not you individually. This is because, in the eyes of the law, your business is classed as an ‘individual’ and separate legal entity. You could sell your business You never know what the future holds - one day you may feel ready for something new and choose to sell your limited company. Remember, if you have more than one owner, all shareholders will need to agree to the sale first. You may also need to pay capital gains tax if you make a ‘capital gain’ when selling your business. Weighing up your options to form a company Deciding which business structure suits you best can feel tricky, especially when you consider the differences between a sole trader and limited company. To help you weigh up your options, we’ve put together this comparative table comparing a self employed vs limited company. Advantages Disadvantages Sole trader You’ll have full flexibility and control over your business without the input of shareholders You don’t need to register your business with Companies House, meaning you’ll have less paperwork to complete You keep all profits after tax You aren’t legally separate from your business, so you’ll be personally liable for any business debts Your personal assets are tied to your business The tax you pay will depend on your income (between 20-45%) Limited company As the owner of a limited company, you’re financially protected should your business suffer financially Your personal assets aren’t tied to your business Your limited company is treated as an ‘individual’ and is a separate legal entity You’ll pay corporation tax at a flat rate (19%) Control is shared between owners, known as ‘members’ You have to register your company with Companies House and pay a registration fee (unless you register with SUAZ - we’ll cover the registration fee for you) Your profits are taxed via corporation tax, income tax and National Insurance Let SUAZ help you on your business journey If you’re looking to start your own business, there’s no reason to wait. Why not let SUAZ help you on your road to success? We can help you form your limited company and even take care of the registration fee, completely free of charge. Apply to form your company and reap the rewards you deserve. Recommended Readings

A business plan is a crucial part of starting a business, especially if you're looking to externally finance your business. Explore how to write a perfect one. What is a Business Plan and How Do You Write One? 15 min read Beginner's Guide Table of Contents Categories What is a business plan? Why is a business plan important? Top tips for creating a business plan Be concise Be passionate Use data to back yourself up Take time on the research Be objective in your research Know your finances Change your plan if needed How to write a business plan in 7 steps Step 1. Your executive summary Step 2. Company description Step 3. Analyse the market Step 4. Explain the structure of your business Step 5. Explain your products/services Step 6. Financial plan Step 7. SWOT analysis Step 8. Appendices Business plan FAQs What makes a good business plan? Can you write a business plan yourself? Make your business dreams a reality Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office While you could jump headfirst into starting a business without any planning, we wouldn’t recommend it. Would you go on holiday without packing your suitcase first? Your business plan will cover all the exciting plans you have for your new business. It’s there to turn your dreams into actions by detailing your company’s objectives and how you plan to achieve them. It can also serve as a reminder of why you’re starting your business in the first place, to offer you determination should self-doubt creep in. But what exactly is a business plan? In this guide we’ll explain how to write a business plan and why it’s so important, so you’ll know exactly what to include. What is a business plan? A business plan is a written document detailing your business’ plans for the future. The aim is to outline your company’s strategy and objectives, and the steps you’ll take to achieve your goals. It will also explain how you plan to measure progress and what success will look like for your business. If you’re planning to apply for a business loan from a bank, they’ll ask to see your business plan to gain insight into what you’re looking to use the borrowed funds for. They’ll also want proof of how you plan to grow your business, to see if you have a higher chance of paying back the money you owe. For more information, take a look at our guide to business loans . Why is a business plan important? As you may have pieced together, a business plan is an important step in becoming an entrepreneur. Here are just some of the benefits of having a business plan: Offers direction: Your business plan works like your business’ sat-nav - there to guide you through each stage of your company’s journey. It serves as a strong point of reference if you need to remind yourself of how something works, as it should detail all the key elements of running your business, from your shareholders’ details to your goals and objectives. Holds you accountable: If you set yourself a goal, you’ll want the satisfaction of achieving it, right? A detailed business plan should outline your objectives and plans, to inform the choices you make for your business. If the going gets tough or you lose motivation, you can refer back to your business plan to remind you of why you started your business and what you set out to achieve. Helps you secure funding: As mentioned, your business plan can help you get funding or bring on new investors. Investors will want to see your business plan to know you have plans in place for success. Banks will ask to see your business plan before lending you money too. Helps you understand your customers: Your business plan can explain exactly who you’re looking to target with your product or service. What do your customers care about? What are they looking for from your business? Understanding your buyer can help you connect with them and appeal to their interests and values. Top tips for creating a business plan Now you know the value of writing a business plan, you’re ready to start putting your document together. Here are some tips to keep in mind before you get started. Be concise Your business plan doesn’t need to sound formal or complex. After all, it’s designed to clearly explain your business’ goals and purpose as clearly as possible. Keep your language clear and concise so stakeholders know exactly what you mean and resonate with your points. Be passionate Your business plan is your opportunity to showcase your commitment to your new venture and show others how much you care. The more passion you show for your new business, the more others are likely to understand your business’ purpose and mission. Use data to back yourself up The more evidence you have to back up your points, the more authoritative and well-researched your business plan will be. Data allows you to find benchmarks and set performance goals for your business, to outline exactly what success looks like. Take time on the research There’s no such thing as too much research! Get to know your competitors, the industry, and what you want your business to be. The longer you spend on research, the better you’ll know your company and the industry it sits in. Be objective in your research Make sure you include both the positives and negatives from your research. By covering the potential pitfalls you may face in your industry, you’ll show your stakeholders you’ve considered the obstacles you may face as a business. Know your finances The financial section of your business plan details your forecasted sales, expenses and cash-flows. If you’re looking to attract investors you’ll need to nail this section, as they’re likely to read it to decide whether their investment is safe. Looking to secure a bank loan? Banks will look at the finances section of your business plan to get a clear picture of your financial situation and plans, to ensure you’ll have means to pay back the money you’re looking to borrow. Change your plan if needed Remember you have the freedom to go back and change your business plan. Perhaps further down the road you realise your target market isn’t quite what you expected, or you’ve decided to tweak your service offering to appeal to a wider audience. You can go back and adjust your plan so it remains an accurate representation of your business’ goals and purpose. How to write a business plan in 7 steps While staring at a blank document can transport you back to late-night essay writing, try not to panic - you aren’t looking to meet a uni deadline! Instead, that blank page is the start of a new, exciting chapter. We’ve broken down how to write a business plan into bite-size chunks, to make the process feel manageable and straightforward. Step 1. Your executive summary The executive summary is the introduction to your business plan. Its purpose is to summarise key information about your company and its goals, to encourage people to read the rest of your business plan. In your executive summary you’ll cover what your business is and its opportunities for growth in your industry. Introduce yourself and other key stakeholders and their roles in your business. Explain how you plan to promote your business and your product or service, and how you’ll fund your business plans. Keep in mind that your executive summary shouldn’t be more than a page long, but should still cover the important stuff - like who you are as a business and your plans. The stronger your executive summary, the more likely customers are to trust and connect with your brand. Step 2. Company description Here, you’ll include an in-depth description of exactly who your business is. It's your opportunity to explore your business’ values and what’s important to you as a business owner. You can tell your business’ story, such as what inspired you to start your business, and your goals for the future. It’s also important to clarify the legal structure of your business, such as whether you’re a limited company . Step 3. Analyse the market Next, you’ll explain the market research you conducted to identify your business’ target market, industry and competitors. You should cover how you expect your product or service to be received, your business’ position in your industry and how competitive the market is. This section of your business plan is your chance to show your awareness of the market, any obstacles you may face and how your business will stand out in a competitive landscape. Step 4. Explain the structure of your business Now you’ll need to explain the management structure of your business and who’s in charge of business operations. Explain the legal structure of your business - if you’ve formed a limited company for example, you may want to touch on the advantages of limited liability . You could include an organisational chart to explain your company’s management structure, including the roles and responsibilities of each member of your team. You can then explain how each individual will work towards meeting your business’ goals. Step 5. Explain your products/services This is your opportunity to dive into the benefits of your product or service and how you’ll meet the needs of your customers. Explain the unique selling points (USPs) of your product or service that differentiates you from your competitors and how you’ll fill any gaps in the market. Step 6. Financial plan The next section of your business plan is your financial plan. Even if you’re certain your business idea will transform the market, your business won’t survive without making a profit. Your financial plan should reassure investors that your business is viable and a safe investment for them. You’ll typically look to include your income statement, balance sheet and cash flow statement. Your income statement will explore your revenue sources and business expenses over a set period of time. This allows investors to see your business’ profits and losses over time. Haven’t started your business yet? You can include predictions instead, such as how much money you expect to make and any losses you anticipate. Your balance sheet covers how much equity you have in your business. You can calculate your equity by noting your business’ assets (what you own) and your liabilities (the money you owe). You can then use the following calculation to work out your equity. Assets - liabilities = equity. Finally, your cash flow statement details the money that is coming in and going out of your business. When the cash you have coming into your business is more than the cash you have going out, your cash flow is positive. Whereas, when you’re losing more money than you’re making, the cash flow is negative. Your cash flow statement can help you put together a plan should you have a negative cash flow, to keep your business afloat should you suffer financial loss. Step 7. SWOT analysis Including a SWOT analysis in your business plan shows self-awareness and your drive to succeed. SWOT analysis explores your strengths, weaknesses, opportunities and threats. Often, these four frameworks are presented as a grid, with bullet points that list the information, so you don’t need to worry about writing detailed paragraphs for each section. This section of your business plan allows you to reflect on your company’s strengths and weaknesses, and any factors that may limit your chances of success. Step 8. Appendices You made it to the end - congrats! Your final section, the appendices, should include any additional information or documents you think will be valuable to your reader. Perhaps you have market research data you’d like to include that is particularly significant to your business decisions. This section allows you to share any extra information that informed your business plans. Business plan FAQs What makes a good business plan? A good business plan should be both concise and informative, to clearly explain your company’s plans and objectives. A strong business plan is: Clear and concise - avoid awkward phrasing and making things too wordy Backed by data - make sure your statements or claims are supported by data Realistic - your business’ goals should be attainable Detailed - concise doesn’t mean you should skip the details. Explain your business’ goals clearly and how you plan to achieve them Can you write a business plan yourself? You can absolutely write a business plan yourself! You don’t need to be a literary genius to get your business’ goals and motivations onto the page. You may benefit from having someone else, like a friend or family member, read through your business plan to check for any errors and make sure it reads clearly. If you have any worries about how to approach or structure your business plan, you can reach out to our friendly team here at SUAZ. We’re always happy to help you achieve your business goals. Make your business dreams a reality If you have a business idea that you’re truly passionate about, what are you waiting for? Forming a business can be life-changing and we’re sure you have what it takes to succeed. Our expert company formation service can take care of the complicated stuff, so your business will be up and running in no time. There’s no reason to wait - form your company today . Recommended Readings

Thinking of registering a company in the UK? This guide will show you how easy it can be to form a limited company. How to Register & Form a Limited Company: A Complete Guide 5 min read Company Formations Table of Contents Categories Having a company formation agent do it for you Step 1: Check name availability Step 2: Select a company formation package Step 3: Enter the required information Step 4: Checkout Does it cost money to register a company? Can you register a limited company yourself? How to register a limited company yourself Step 1: Prepare the requirements Step 2: Check your eligibility Step 3. Create a government gateway user ID Step 4. Choose a unique company name Step 5: Provide a registered office address Step 6: Tell them what your business does Step 7: Determine company directors and shareholders Step 8: Prepare Articles of Association and Memorandum of Association Step 9: Complete the incorporation process Step 10: Get the certificate of Incorporation To conclude… Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Thinking of registering a company in the UK? This guide will show you how easy it can be to form a limited company. Whether you decide to work with a company formation agent or do it alone, it’s a piece of cake when the steps are completely laid out. So, keep reading as we'll discuss everything you need to get started. Having a company formation agent do it for you Setting up a limited company may seem complicated, especially if you have no experience with it. But, it's a walk in the park with the help of a company formation agent. Working with a company formation agent can help you navigate the complex legal and regulatory stuff, and make sure that you're doing everything by the book. Here at Startup A-Z (SUAZ), for example, we offer dedicated help and support to make sure you’re in the right direction. Additional services, like a virtual office , are also available whenever you need it. The best part – through us, you can form a limited company for free ! You can save a lot of time by handing the formation of your company to dependable agents like us. We stay up-to-date with the latest regulations and requirements. We ensure you comply, so it reduces the risk of errors or delays. This can be particularly helpful if you don't know much about how a limited company is formed. Now, let us walk you through the step-by-step guide on how to register a limited company in the UK using our process. Step 1: Check name availability Coming up with a name is one of the most exciting parts of forming your limited company. Your company name should be unique, suitable, and memorable, while aligning with your values and branding. Before registering, you’ll want to check if someone else has already taken the name you came up with.. Use the name availability checker tool on our website and pop in your preferred name in the search field. Keep in mind that certain words, like "king," are considered as sensitive and may have some restrictions. To make things easier, you can go through the rules for picking a company name . You can find all the nitty-gritty details on name restrictions and requirements on the government’s website. Did you also know that your company can also have a trading name? It's essentially a special name that represents your brand, known as a 'Doing Business As' (DBA) name. It's important to protect your trading name by registering it as a trademark, so nobody else can use it. But still, you can use your registered name and trading name as one, if it's available. By taking this important step, you'll make sure your chosen name stands out from the crowd and is easily searchable. If your desired name is available, you’re ready to move on to the next step. But if it's not, you don’t have to worry as you can just come up with a different name that meets all the requirements. Step 2: Select a company formation package Now that you have a confirmed company name, it's time to choose a company formation package . We offer a range of packages to suit different needs and budgets of your business. We also offer free company formation with no catches! In case you need extra services, we've got a bunch of additional services available too. If you're not quite sure which package is the right fit for you, you may ask us for a super quick assessment that'll have you sorted in less than 30 seconds. Step 3: Enter the required information Once you've chosen your ideal package, it's time to spill the beans and give us all the necessary details. Here's what we’ll need: Personal Information: Full name Email address Date of birth Personal address Country of residence Nationality Company Information: Company name Registered office address Business category Business type Additionally, we need some identification documents to follow the Anti-Money laundering regulations . Just some proof of identification and proof of address will do. Step 4: Checkout After you've given us all the necessary info, it's time to check out. We'll show you a summary of your details, including any cool extras you've added. You can pay using your Business Support Club account , a free platform for small business owners, where your orders will be managed. And in just four easy steps, your company will be registered. Does it cost money to register a company? Yes, the cost of starting a business like a limited company includes a statutory filing fee which typically costs £12. But, when you choose SUAZ for your company formation, we pay this fee on your behalf. You can wave goodbye to the filing fee and save some of your hard-earned cash during the registration process. It's a clever way to make the most of your budget and ensure that registering your company is a breeze. Can you register a limited company yourself? Absolutely! Registering a limited company yourself gives you full control and puts you in the driver's seat - no middleman involved. It means you'll be responsible for providing all the necessary information. But if you choose to work with agents like us, we've got some benefits for you to make the process more straightforward. Our experts will guide you every step of the way, making the whole process simple. We'll take care of the paperwork and ensure that you comply with all the rules and regulations. That way, you can focus on other important aspects of your business. But if you want to know how to register yourself, we will explore the step-by-step process for registering a limited company in the UK in the next section. How to register a limited company yourself Ready to take charge and register a limited company yourself? We'll walk you through the 10-step process, so you can handle the registration all on your own on Companies House’s website . From preparing what they need to completing the process, we'll provide you with the essential information you need to register your company independently. Step 1: Prepare the requirements Here's what you need to have: All the necessary details about yourself, shareholders, directors, and if applicable, the secretary. It's just basic info, nothing too complicated. Now, the filing fee. It's £12, and you can pay it using your card or even through PayPal. Oh, and don't forget your registered office address. That's where the official correspondence will be sent. Make sure you've got a proper address in place. By having all these things ready, you'll ace the registration process like a pro. Step 2: Check your eligibility When you register on Companies House’s website , they'll just ask you a few simple questions to make sure their service is right for you. No need to stress about it, it's just a quick check. If you pass the eligibility criteria, they'll guide you through creating a government gateway user ID. This ID will come in handy for future interactions with them. Step 3. Create a government gateway user ID Now, let's create your government gateway user ID. This will be essential for filing your annual confirmation statement. Even if you were previously a sole trader, you'll need to create a new user ID specifically for your private limited company. Follow the step-by-step instructions to set up your user ID. It's a straightforward process that ensures you're ready to fulfill your obligations as a company. Don't worry, we're here to guide you every step of the way. Step 4. Choose a unique company name Now comes the fun part - choosing a unique and eye-catching name for your company. Make sure it reflects your brand and is available for registration. You can check name availability and existing trademarks on the Companies House’s website. Get creative and find a name that captures the essence of your business. It's time to make your mark! Step 5: Provide a registered office address It’s time to pick an address where you want all your important letters from the government to be delivered. It can be your own address, a rented office space, or virtual office service . Remember, the registered office address must be a real address in the UK, and it should be in the same country where you registered your company. For example, if your company is registered in Scotland, your registered office address should be in Scotland too. Step 6: Tell them what your business does When you're registering your company, they'll ask you some questions about your business. One important thing they'll want to know is the type of business activity you're involved in. To help categorize your business, they use something called an "SIC code" (Standard Industrial Classification code). This code helps describe and classify different types of businesses based on their activities. If you're not sure which SIC code applies to your business, no problem! They have a handy search button where you can just type in a term related to your business. They'll then show you a list of different codes that match your business activities. So, simply provide the information they ask for and choose the SIC code that best fits your business. It's a way to make sure your business is properly categorized. Step 7: Determine company directors and shareholders Let's introduce the key individuals in your company. Directors manage the company, shareholders own shares, and a company secretary is optional. You can have multiple directors and shareholders, including yourself, partners, or investors. Simply supply the information about them. Step 8: Prepare Articles of Association and Memorandum of Association It's time to sort out your company's rules and purpose. The Articles of Association will lay down the internal do's and don'ts, while the Memorandum of Association will state your company's purpose and the agreement among shareholders. No need to worry about drafting these from scratch, as Companies House has ready-to-use templates for you to fill in. Step 9: Complete the incorporation process Just follow Companies House's step-by-step process when registering. They'll provide a summary of the information you've provided, so take a moment to double-check everything. And, don't forget to pay the filing fee that's required. Step 10: Get the certificate of Incorporation Once your application gets the green light, you'll receive a Certificate of Incorporation. This fancy document confirms that your limited company is up and running, and you can use it to prove your company's existence when you need to do important stuff like opening a bank account or sealing deals. Remember, stay in the loop by checking the official government website for the latest updates and tips. Setting up a limited company is a big achievement for your business. By following these steps, you're well on your way to building a successful company. To conclude… Whether you register your company through a company formation agent like us or do it yourself, the choice is yours. Registering a limited company is a wise decision and we’re here to support you with it. You can see more about the benefits of starting a business here . Keep this company formation guide handy for support, and don't forget to stay updated on the latest rules and regulations by visiting the official government website. Recommended Readings

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Compare our UK limited company formation packages and match with your business needs. View our inclusive packages from £5 +VAT. Compare Our Limited Company Formation Packages Our limited company formation packages can help you tick all the boxes to get your business up and running. Embrace the excitement of your new venture by having all the important stuff taken care of in one go. Our company formation service can handle the complicated side of things, so you can focus on the most important thing - your exciting next chapter. What's included What's Included Company formation Digital documents Priority Formation Professional assistance Premium company address PAYE registration VAT registration Corporation tax registration Unlimited digital post forwarding Printed certificate of incorporation Confirmation filing statement Virtual receptionist package Zempler Business Bank Account Quick Formation £ 5 .00 +VAT Buy now Read more Privacy Package £ 14 .99 /mo +VAT Buy now Read more Privacy Plus £ 29 .99 /mo +VAT Buy now Read more Company Pro £ 59 .99 /mo +VAT Buy now Read more Not sure which package would suit you best? Give a member of our team a call - we’re more than happy to talk you through your options. Frequently asked questions Home Page Registered Office Address Start Up A-Z General Company Formation Help After Company Formation Virtual Offices Address Services Business Call Answering Documents Filing SUAZ Homepage FAQs Other Services Filing Confirmation Statement Business Support Club Partnership Director’s Service Address in Manchester Compare Packages Virtual Office Birmingham Virtual Office How can SUAZ offer company formations for free? Here at SUAZ, we believe that it shouldn’t cost you a fortune to follow your dream. We also know that starting a business isn’t cheap, which is why our company formation service is completely free - so you can keep your hard-earned cash to make your business the best it can be. Wondering how we make our money? Our upsells are bonus features that can help your business get a head start. We also introduce you to other businesses and sometimes earn a commission from doing so. When can your business be up and running? We try our best to get your business up and running as quickly as possible. Submissions sent before midday usually come back to us the same day, but this can’t be guaranteed as delays do happen. We try to get all applications back within 36 hours, but if there are issues with your application such as your company name being flagged for extra checks, this can delay the process. Frequently Asked Questions See all FAQs Choose the right company formation package for you today Starting your own business can be life changing. Perhaps being your own boss has always been a dream of yours, or you’ve come up with a business idea that you’re sure will move mountains in your industry. Whatever your circumstances, we like to think our company formation packages can remove any stress or worries you may have around setting up your business. Apply to form your company today and start making your dreams a reality.

If you’re starting a construction business, profitability is crucial to succeed. Learn the top 14 ways to increase profit margin for your construction company. How to increase profit margin in construction 15 min read Start-Up Finance Table of Contents Categories What is profit margin? Why are construction profit margins important? What is the average profit margin in UK construction? What affects profit margin? Competition Market conditions Cost Effective project management 14 ways to increase your construction company’s profit margin 1. Calculate overheads 2. Avoid ‘scope creep’ 3. Set profitability goals 4. Rent equipment 5. Implement effective project management 6. Buy the right amount of materials 7. Set realistic timelines 8. Source a robust supply chain 9. Improve productivity 10. Provide training 11. Reduce waste 12. Keep an eye on legislation 13. Reduce extra costs 14. Utilise new technology Remain profitable with SUAZ’s top tips to increase margins Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office There’s more to running a thriving construction business than delivering projects on time and within budget. Maximising your construction company’s profit margin is crucial to stay ahead and competitive within your industry. But with challenges such as rising material costs and unforeseen delays, increasing your profit margin can be tricky. We’ve put together this guide covering 14 practical tips to increase your construction company’s profit margin. You’ll learn how to increase profit margin in construction without compromising on quality. Let’s get started, shall we? What is profit margin? Profit margin is a financial metric used to measure the percentage of revenue that remains as profit once all your expenses have been deducted. So, in simple terms, the higher your profit margin, the more profitable your business is. Several factors can affect your business’ profit margin, such as labour costs and the cost of materials. Why are construction profit margins important? Without a strong profit margin, your construction business may struggle to grow and adapt over time. Your profit margin directly impacts your business’ financial health and longevity, and is an indicator of how well your business is performing financially. A healthy profit margin ensures that you have the funds to cover not only operational costs, but a safety net to fall back on should you have quieter periods. Keeping your costs under control means you’ll have the flexibility to adapt should you need to and withstand financial challenges such as rising material costs. By keeping your profit margin at the front of your mind, you’re setting your business up for success in the long term. What is the average profit margin in UK construction? So, how much profit do construction companies make? Well, according to a 2021 study by consultant Turner & Townsend, the UK has the lowest profit margins in the world, at just 3.9% on average . This is significantly lower than 4.6% in North America and 6.1% in Continental Europe. The UK’s decline in profit margins is likely influenced by market conditions such as Brexit, the War in Ukraine and recovery from the COVID-19 pandemic. These world events have contributed to increased materials prices and a decline in profits across the construction industry. What affects profit margin? There are numerous costs that affect your profit margin that can be split into quantitative and qualitative factors. Quantitative factors that affect your profit margin are figures like your net profits, sales earnings and the cost of materials. Qualitative factors are more out of your control and include market conditions, seasonal changes and consumer preferences. We’ll explore the most common factors that affect profit margin below. Competition To stay competitive in the construction industry, many companies choose to lower their prices to try and attract and retain customers. Lowering your prices can lead to price wars, where your competitors then do the same, which can squeeze your profit margins further. Another key consideration is needing to spend more on advertising and marketing to stand out against your competitors. Market conditions Market conditions can have a major effect on your construction profit margins. For example, if demand for construction is high due to a need for housing, you can charge more for your services, leading to an increase in profit margins. Other considerations include fluctuating prices for materials such as cement and steel, and a change in the job market meaning you’ll need to increase salary offerings to attract new workers. Cost Cost has a big part to play in your profit margins, because it directly impacts the difference between your revenue and expenses. For example, if the cost of your materials or equipment increases but you’re being paid the same rate for a project as before, your profit margins will decrease. Unexpected expenses and fluctuating prices can quickly eat into your profits. Your business plan can help you consider your budget ahead of time and prepare for any unexpected challenges you may encounter on your business journey. Effective project management Effective project management is the key to improved profit margins, by ensuring projects are completed on time, within budget and to the highest standard. By managing projects effectively, you’ll minimise delays, mitigate potential risks (and costly mistakes!) and reduce unnecessary expenses, to boost your profitability for the long term. 14 ways to increase your construction company’s profit margin Looking for how to increase profit margin in construction? We’ve got you covered. Here are some tips and tricks on how to boost your profit margins and improve your chances of business success. 1. Calculate overheads First things first, you’ll need to calculate your overheads to understand where your money is going. By assessing overhead costs, from rent and utilities to any admin expenses, you can make informed decisions about where to best allocate your resources. You’ll know where spending can be reduced without impacting performance, and ultimately improve your profit margins as a result. 2. Avoid ‘scope creep’ ‘Scope creep’ is a term used to describe when a client adds new tasks or deliverables to a project that are outside the existing scope of work. These unforeseen tasks may then be added without adjusting your timelines, resources or budget. Preventing ‘scope creep’ is vital for effective project management, to protect your profit margins. By sticking to the agreed scope of work and setting boundaries, you can avoid any unexpected costs and safeguard your profitability. Remember, it’s best to avoid quoting too low for a project and provide a realistic estimate of cost. You’re always allowed to say no to a potential client if it means the low price compromises the quality of work you’re delivering. 3. Set profitability goals When it comes to setting profitability goals for your construction business, try and make them SMART. SMART stands for specific, measurable, achievable, relevant and time-bound, and ensures your objectives are within reach, within a period of time. For example, instead of aiming to ‘increase profits’, a SMART goal could be ‘increase profits by 3% within the next six months through effective project management’. SMART goals provide clear direction and ensure what you’re working towards is achievable, and can be easily tracked to monitor your progress. 4. Rent equipment As a construction business, chances are you rely on an array of equipment day to day to get the job done. Rather than investing in new equipment each time you need it, have you considered renting it instead? Not only will you save your business money, but you can try out the latest equipment and decide if you like it before making a purchase. 5. Implement effective project management Another way to increase your profit margin is through effective project management. After all, planning is the most important component in any construction project, and poor project management can lead to underestimating the costs required to complete it. For example, should labour, materials or time requirements be missed during the planning phase, additional expenses may arise unexpectedly which can eat into your profit margin. Proper planning can mitigate the chances of any surprises and ensure you stick to your budget. 6. Buy the right amount of materials You may consider your buying choices when looking to increase your profit margins. For example, buying in bulk can help you save significant money, as you’ll spend less per unit, while ensuring a steady supply of materials. Just remember not to give into overspending and buying stock you don’t need or already have. Try to balance discounts with actual demand for your business to maximise the benefits of buying in larger quantities. 7. Set realistic timelines Setting realistic timelines is vital for protecting your profit margins. Make sure the deadlines you set are realistic and leave workers enough time to carry out tasks to the highest standard. Tight deadlines and heavy workloads can lead to workers rushing tasks, which can lead to mistakes and unexpected costs. You may even need to invest in extra resources to finish the job on time. Try to set realistic timelines to help you manage your resources and keep the project within budget for maximum profitability. 8. Source a robust supply chain Have you taken the time to evaluate the effectiveness of your supply chain? You could consider broadening the scope of your procurement and logistics system, to increase your profit margins and reduce costs. In doing so, you can ensure efficient sourcing and delivery of materials and prevent delays. You’ll also foster better supplier relationships, which may open the door to better pricing and priority service from your suppliers. Having a reliable procurement and logistics system can streamline operations, help you stick to project timelines and unlock cost-saving opportunities. 9. Improve productivity Improving productivity across your construction business can maximise time and reduce labour costs. When tasks are organised and carried out effectively, projects are likely to be completed faster - allowing you to use your workforce more efficiently. This reduces the need for any additional staff or overtime and lowers your labour costs as a result. Streamlined processes can also minimise errors, which can save time and resources by not needing to rework projects. 10. Provide training Investing in training for your employees may sound like an unnecessary expense, but doing so can increase profit margins over time. Training can enhance the productivity of your staff, reduce errors and maintain health and safety standards. You may decide to train workers in certain skills or new machinery to improve efficiency and quicker project completion, which can reduce labour costs. Training your team can help you build a skilled and efficient workforce that you can rely on, which in turn can boost your profit margins over time. 11. Reduce waste Reducing waste has more than just an environmental impact - it’s also crucial for improving profitability in the construction industry. Excess waste, such as rubble and leftover materials, can incur additional expenses when it comes to disposal. By managing your waste properly, you’ll pay less in disposal fees and reduce the need for additional materials. You’ll also have cleaner job sites for your team to thrive in, which can boost productivity and avoid delays. 12. Keep an eye on legislation As a construction business, keeping an eye on changes in legislation is crucial. Changes could happen while you’re in the middle of a project, which could impact your profits. Try to keep informed about the latest developments in construction, so you aren’t caught off guard during a major project. A prime example is the government’s focus on decarbonising housing stock and improving the energy efficiency of homes , which is likely to affect development agreements and construction contracts in the future. 13. Reduce extra costs According to the Department for Business and Trade, building material prices are continuing to rise with a 0.8% increase in the building material price index in May 2024. With this in mind, anticipating a rise in material costs may benefit you long term, so you can ensure any rises in costs are covered. Refer back to your business plan and your cash flow projections, so you know how to handle any changes in pricing without affecting your profitability. 14. Utilise new technology Technology can improve efficiency and profitability across several areas of your business, from project management to waste reduction. You can use project management software to keep track of tasks, prevent scope creep and manage costs. Inventory management systems can help you to track materials accurately, to help you avoid overstock and minimise waste. Above all, using the latest technology can offer complete visibility of your projects and spending, allowing you to make smarter, data-led decisions which can boost your profit margins. Remain profitable with SUAZ’s top tips to increase margins Managing a construction business means juggling several plates, from project management to client relationships. Then you’ve got your profit margins to keep in check too - which can feel like a lot to navigate. By implementing efficient project management practices and using SMART goals, you’ll enhance your profit margins for long-term business success. Looking to join the construction sector and make your mark in the industry? SUAZ is here to help. Form your limited company today - you’ll have our support there whenever you need it. Recommended Readings