The Norris - Firms & Entrepreneurship

So, employment, how does it work?

There are many ways for us to earn financial compense for our work;

Self-Employment (Freelancer) Working on a contractial basis for other people for limited amounts of time/work.

Partnerships, Much akin to Self-Employment but this time with more than one person, be it 2 or 12. The only downside to this is that everybody in a partnership is liable for all the other partners debts, corporate or personal. This means partnerships often show trust betweeen partners, displaying to their clients that they themselves are trustworthy.

Limited Liability Firm, Like a partnership however people in this company are only liable for the amount that they put into the firm. A LTD firm must also publish their finances/accounts publicly by an external accountant (Auditor). They must also publish Annual Returns yearly. Annual Returns are Profit/Loss Account, Balance Sheet Statement, List of Directors and their Addresses plus any other directorships that they held/hold. All of this data must be lodged with Companies House which is a Gov run repository. You can be a part of a LTD firm as a sole trader.

By Law, A LTD firm has the same rights as a human being. This can have serious rammifications.

Public Liability Company PLC This is a company who's shares are freely traded on the stock market. 

Part 2 - Entrepreneurship & Business Engagement

Filling a gap in the market, Be it geographical, through specialism, Ability or Product.  (My thoughts are make others compete with you, rather than compete with others)

Make an aim, Money? Kudos? Philanthropy?

Fail, Don't regret.

Strike whilst the Iron is hot...


Have Desire! Not just half an inch thick, but really have the desire and drive for success. Don't sit back and wait! Time Waiteth for no man.

Tenacity - There will be problems, probably alot of them! Don't give up. Work through issues calmly.

Don't be precious! Take critizism, allow change and alteration. This shows you can Listen to others!

ACT - TAKE ACTION, again, Just Do It!

It's who you know. Network, meet people, talk to people, get in the door. 

Facilities to use! 

LinkedIn

Trade Associations

Up coming individuals

Business Leaders

Key Supporters (To business)












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