Pete Howlett
Well-known member
For the self employed in the UK we pay forward our taxes and rarely get rebates. The next 12 instruments I build will pay my tax bill, settle loans and cover the necessary purchase of materials and consumables. My landlord has had a safety check of the premises done and another instrument will pay for the remedial work I am responsible for in my 3 units. It will be summer before I see any profit in the business. This is the cost of doing something very few people get to do. AT least I have heat in my home and workshop. An actor I follow on instagram has no heating in her house and is miserable and depressed because she is living from hand to mouth pursuing her dream.
Be debt free with $30K in start up money before you consider becoming a bespoke ukulele maker. Even after this and you have made your first few faltering sales and are learning your 'value' in the the shark pool, you will very soon realise that the most important process in the whole cycle of making and selling is banking.
Be debt free with $30K in start up money before you consider becoming a bespoke ukulele maker. Even after this and you have made your first few faltering sales and are learning your 'value' in the the shark pool, you will very soon realise that the most important process in the whole cycle of making and selling is banking.