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mate, i second everything the lads are saying. on a different note though. when i had my company in germany, it was registered as ...ltd. i also had anorris ltd which was a seperate entity. what this means is that your assetts are protected - regardless, as any misgivings fall on your personally registered company. i haven't set up any business's at home so maybe somebody else can shed light - and perhaps look into what i'm talking about for yourselves.
and as far as the own business goes - i say do it. go for it. i've done it twice and there is nothing more rewarding - it is difficult. there were times i opened the fridge and thought fk..!! mustard - again!! then again there were times i went to the bank and it really was happy days..!
it is what you make of it mate, how much effort you put in and of course, luck. another thing. many will say 'now is not the time'... it wasn't 'the time' when i set up, nor was it 'the time' when i bought my 1st house - when is the time then - when you retire..??? do it..!
choooooooo,
andy.
p.s. it doesn't matter how hungry you have to go - pay the boys first!
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