Its been a hectic week and there is a lot to write about. I attended the Trader’s University course at the weekend, went to see our business mentor and our accountant to discuss long term financial plans and also made some fundamental decisions about our business.
I will write about the trading course in a separate post. It’s half written already, and I will post that here when it’s done.
Our business mentor, gave us some good clarity on the ‘glass ceiling’ we have been bumping against. We are battling with ourselves trying to convince our clients to treat us more like a company but it seems that once they think of as a self employed person, it is very hard for them to change their perspective. The trust is built upon the person, not the company. It might be we have to start again, get some completely new clients and start afresh.
I have been talking to my brother about him doing some work to get our website finished so we can start pointing people to it without having to apologise for it!
Our accountant cum financial planner was very helpful in outlining some of the advantages of pensions, especially tax advantages. I am still not completely convinced about a pension, but the idea of having a flexible tax efficient and disciplined way of investing our money does appeal to me. I will write a post about this as I learn more.
We have also decided to overhaul our insurances as we are both under insured and now we have a baby on the way, it is becoming more important.
So all in all a productive, slightly stressful but sunny week.
Oh yes, I placed my first spread bets yesterday. I’ll let you know how it goes.
