You're far from boring mate. I've been running my electrical business as a sole trader for 3 years now and the knowledge you're sharing is invaluable to people like me. Running a small business is HARD so how you manage to find the time to do these videos is beyond me. Like you said, you're the only spark out there that is putting out actual useful business content. Always look forward to your videos bud. 😊
Windows XP machines, RS232, floppy disks. Monitoring equipment. You have a great range. I still note the business video you put out regarding annual salary- earnings. It was just when you handed in your notice. For me- keep doing what you’re doin’. The content is very valuable indeed.
thats some good bookkeeping tips there. its a lot simpler than the methoods i have been using prevoulsy i will have to adapt. you give off that hustle energy that i miss being a hybrid of paye and self employed. i will have too jump back being fully self employed but when circumstances allow it.
Nice and simple system you have there. I use a similar system, although the tax returns here in Iceland are much more complicated. In many ways it's easier as everyone here has a unique Government ID for individuals and businesses called a Kennitala. Any invoices have this Kennitala attached so when it comes to tax returns the Government already knows what you've spent and received so the electronic forms they send are already pre-populated. You just have to adjust for cash payments. However there are so many crazy exceptions and rules that even seasoned accountants can struggle. The bottom line is, the Icelandic Government would tax the air I breathe if they could
I moved to Xero a couple of years back and have never looked back, it makes the boring accoubts bit so much easier. I don’t know were you are in your business career but I quite quickly realised I could make more money doing my job than it cost me to pay someone to do admin. So I’ve focused on being an engineer since and paid the cost if an admin person.
I run a small lean business with just me , I also like to spend a couple of days a week on the office tossing it off , I did have a bigger firm years ago and still liked to cook my own books
Nice video Jamie, I’m trying to get some tips as I’ve been a sole trader now for 4 and a half years but am now starting a small LTD with business partner. I’m trying to look at the best way to run it as we will have two other guys working for us too. I’m already fairly organised with what I do but I need to find more efficient ways of running the admin side of things as there will be a lot more to do. Like your old school stamping system 🤣 have you ever heard of tradify? I hear that’s meant to be very good 😜
I might get myself a code , of you want to have all your data on somebody’s computer and tied to a monthly fee for easy to do your self stuff tradify is your friend
Maybe people watch you because you have something interesting to say! Hasn't HMRC made you go digital with the VAT we have had to use Xero but our accountant does it all for us. I put it on a spreadsheet under sheets subsistence, admin diesel, plant workwear tools, materials purchased, van costs and invoices out. Then have folders for each split into each of the VAT quarters and put a PDF of the invoice/receipt. Usually get an HMRC VAT repayment back in about a week. I just keep on top of it every couple of days.
Yea I am just the bookkeeper the accountant does the actual vat and they are all digital , maybe I’ll have to slap a boring accountant bit in all my future videos
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Nottinghamshire Bawbag I would like to see a fault finding video on PLCs if possible many thanks from Glaswegian train Bawbag
@@jamieblatantsparky I’m an old dinosaur been in construction and electrical for near on fourth years the game has just fallen off the the cliff over the last years , far easier life for me now either that or early retirement…your quite a switched on feller seem have a great knowledge base of what you do..far to many bengals lancers about now …stay safe get Cory bk soon 👍
out of curiosity - how do you handle operating expenses e.g. insurance costs and reconciling them against the bank statement ? also what if you buy bulk of a particular product and the cost is spread across multiple jobs?
Wonder if your 'dying' PC was a failing drive? Maybe clone your drive and replace with cheap SSD. I extended the life of many PCs in a school with SSD and RAM upgrades.
@@jamieblatantsparky ssd can die. They have a limited number of cycles, so a migration can sometimes help before they fail totally. Some users make the mistake of defragging SSDs which you should never do, not like the old spinners….. Hope you sort it
That's what never understood , when I did my apprenticeship back in the 90's , you were taught nothing about running the business side of being a electrician, even how to do a invoice . It's like you would always be employed by someone. Nice content.
You're far from boring mate. I've been running my electrical business as a sole trader for 3 years now and the knowledge you're sharing is invaluable to people like me. Running a small business is HARD so how you manage to find the time to do these videos is beyond me.
Like you said, you're the only spark out there that is putting out actual useful business content.
Always look forward to your videos bud. 😊
You know if you don’t think it’s boring your as boring as me
@@jamieblatantsparky 😬🤣🤣🤣 Keep 'em coming mate. Love it. 💪
Good organisation about self employment book keeping I like the way you explained 👍
It’s a simple and fool proof system
Windows XP machines, RS232, floppy disks. Monitoring equipment. You have a great range.
I still note the business video you put out regarding annual salary- earnings. It was just when you handed in your notice. For me- keep doing what you’re doin’. The content is very valuable indeed.
Plenty of old tec about running xp to this day
thats some good bookkeeping tips there. its a lot simpler than the methoods i have been using prevoulsy i will have to adapt. you give off that hustle energy that i miss being a hybrid of paye and self employed. i will have too jump back being fully self employed but when circumstances allow it.
Before this I have been hybrid for 5 years ish I think mostly PAYE but working I should cover this is a video
Your the only spark who tells people about how you run a successful business
Problem is currently it’s not that successful but we are getting there
Apart from artisan that is!
I like the old paper pen and stamping invoices caper..so much easier to get to grips with for me anyway and always there
KISS keep it simple stupid
Nice and simple system you have there. I use a similar system, although the tax returns here in Iceland are much more complicated. In many ways it's easier as everyone here has a unique Government ID for individuals and businesses called a Kennitala. Any invoices have this Kennitala attached so when it comes to tax returns the Government already knows what you've spent and received so the electronic forms they send are already pre-populated. You just have to adjust for cash payments. However there are so many crazy exceptions and rules that even seasoned accountants can struggle. The bottom line is, the Icelandic Government would tax the air I breathe if they could
International viewers , whatever next
I moved to Xero a couple of years back and have never looked back, it makes the boring accoubts bit so much easier.
I don’t know were you are in your business career but I quite quickly realised I could make more money doing my job than it cost me to pay someone to do admin. So I’ve focused on being an engineer since and paid the cost if an admin person.
I run a small lean business with just me , I also like to spend a couple of days a week on the office tossing it off , I did have a bigger firm years ago and still liked to cook my own books
@@jamieblatantsparky If you enjoy the office time that’s cool, I just prefer doing my job to doing paperwork.
Nice video Jamie, I’m trying to get some tips as I’ve been a sole trader now for 4 and a half years but am now starting a small LTD with business partner. I’m trying to look at the best way to run it as we will have two other guys working for us too. I’m already fairly organised with what I do but I need to find more efficient ways of running the admin side of things as there will be a lot more to do.
Like your old school stamping system 🤣 have you ever heard of tradify? I hear that’s meant to be very good 😜
I might get myself a code , of you want to have all your data on somebody’s computer and tied to a monthly fee for easy to do your self stuff tradify is your friend
Maybe people watch you because you have something interesting to say! Hasn't HMRC made you go digital with the VAT we have had to use Xero but our accountant does it all for us. I put it on a spreadsheet under sheets subsistence, admin diesel, plant workwear tools, materials purchased, van costs and invoices out. Then have folders for each split into each of the VAT quarters and put a PDF of the invoice/receipt. Usually get an HMRC VAT repayment back in about a week. I just keep on top of it every couple of days.
Yea I am just the bookkeeper the accountant does the actual vat and they are all digital , maybe I’ll have to slap a boring accountant bit in all my future videos
Nottinghamshire Bawbag I would like to see a fault finding video on PLCs if possible many thanks from Glaswegian train Bawbag
I have one on my channel I think , of course if I came across one I’ll do more but it’s finding the issues to fix , PLC,s rarely go down
@@jamieblatantsparky true, I know the basics but very rare I have to do much with them
Good luck feller , I’ve just gone other way bk cards in 👍🤔🤔🤔
How come you had enough
@@jamieblatantsparky I’m an old dinosaur been in construction and electrical for near on fourth years the game has just fallen off the the cliff over the last years , far easier life for me now either that or early retirement…your quite a switched on feller seem have a great knowledge base of what you do..far to many bengals lancers about now …stay safe get Cory bk soon 👍
How did you go about transitioning from employee to self employed. Finding customers etc
This series is all about this I cover it in the earlier ones but I’ll add some more in
out of curiosity - how do you handle operating expenses e.g. insurance costs and reconciling them against the bank statement ? also what if you buy bulk of a particular product and the cost is spread across multiple jobs?
Well that’s going in the next video
Can we have the next video on programming the beer keg wash please that was interesting
It’s ongoing mate , it’s currently waiting on parts
@@jamieblatantsparky Legend
Wonder if your 'dying' PC was a failing drive? Maybe clone your drive and replace with cheap SSD. I extended the life of many PCs in a school with SSD and RAM upgrades.
It’s got an Ssd in , it’s got some gremlin in it though I think it mightbe wipe clean time to be honest
@@jamieblatantsparky ssd can die. They have a limited number of cycles, so a migration can sometimes help before they fail totally.
Some users make the mistake of defragging SSDs which you should never do, not like the old spinners…..
Hope you sort it
That's what never understood , when I did my apprenticeship back in the 90's , you were taught nothing about running the business side of being a electrician, even how to do a invoice . It's like you would always be employed by someone. Nice content.
They want you to be an employee now
Stop being a mong and get a book keeper, they can access your online accounts software and all have to do is raise invoices!
I don’t let anyone have access to my accounts apart from me and my account, why would I pay someone to do it it’s easy whe I am so small