Starting your own business: My story

It's official.

It’s official.

About a month ago, a large envelope from the New Hampshire Secretary of State’s Office came to me in the mail. Inside was a letter and certificate notifying me that I now officially had my own business. As of Nov. 12, 2013, BLH Writing Solutions is free to perform “independent contracting services providing writing and web content” within the state of New Hampshire.

Does this piece of paper make a difference in any way except by adding a small ounce of legitimacy to my self-employed existence? Not really. But it certainly feels nice to know that when people ask me what I do for a living, I can tell them I run my own business.

My experience this year has been relatively crisis-free, but I know there can be lots of challenges to starting a company. As I prepared to launch my business idea, I found the stories from others who started their own business to be helpful. Although I’d like to avoid giving advice here, I’d like to share my story.

The Idea

After a few years in the newspaper business, I began to question the future of the industry. Seeing “journalist” at or near the bottom of those annual job security lists made me nervous and I worked with many talented people who were ahead of me if a promotion ever presented itself. When I gave birth to my daughter, instead of taking maternity leave I left my position, not really knowing what I’d do for work next, just that I wanted to work for myself.

A I considered my options, I kept thinking about a casual conversation I had with one of my regular sources. She told me that good writers were impossible to find and if I ever wanted to change careers, she could refer me to a few businesses looking for writers. This wasn’t the first person to tell me this. People in the business world have told me repeatedly that knowing how to write a letter or an announcement or instructions to staff on a new policy are skills in high demand.

So that’s where I started – writing for people who didn’t have the skills or the time to do it themselves.

The Plan

A few weeks ago I wrote a post on networking, which covers much of what I did during the first six months. I contacted people I had worked for in the past, and people I met through other jobs. I told them if they needed something written, I could do it. I got one client right away, who connected me to a marketing firm looking for a writer. I got a reference to write for a college publication from a friend’s mom, and a college friend, who now edits a trade magazine, gave me a few assignments. The work trickled in slowly at first, but as I met more people, more work came in.

This summer, I did some networking on Facebook and landed my biggest assignment yet.

The Details

As the end of the year approached, I realized I’d have to do my taxes. It was time to get my house in order. I filed my business name, BLH Writing Solutions, with the Secretary of State, which the law says is required to do business in N.H. Then I took a few hours to gather up my receipts, invoices, check stubs and any other materials I could think of and paid a visit to an accountant.

The visit was not uplifting, but it didn’t make me want to hang it all up either. I will have to pay a significant amount to the IRS next year because I didn’t submit quarterly filings. (I was supposed to file quarterly?) But because I did a good job of keeping records, I can deduct most of my expenses without fear. The accountants I spoke with also gave me a good plan moving forward so I don’t make the same mistake next year.

The Next Step

While this first year in business has been a great education for me, it has also made me realize there is so much more to learn. Next year I hope to form a relationship with the New Hampshire Small Business Center to make sure I continue in the right direction. I am also interested in learning more about information offered by SCORE, the Service Corps of Retired Executives, which offers business seminars throughout the state, and the Center for Women’s Business Advancement in Manchester. Stay Work Play also has resources for starting a business in NH on their website.

As far as first years in business go, I am happy with the way mine has gone. I have no regrets about working on my own, but there is one thing I miss about the old days — paid holidays.

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