Crochet Diploma Modules 15, 16 and 17

Well that’s it I’ve completed it, these last 3 modules covered starting your own business. Venues (craft fairs, farmers markets, car boots) and Advertising, Online marketing, Social Media, Opening your own shop and monitoring each of these so that you know what’s working best for you.

It covered financing and budgeting from incomings v outgoings to pricing of items (always an issue for crafters) to gaining financial backing to start your own business.

Taxes / VAT and HMRC registering, and how to keep a record to make submitting taxes easier. Anyone registered with the HMRC for their craft? I tried to years ago but because I never actually make a profit to not bother registering till I make a profit of £1000, that is never going to happen so have never revisited it, anyone know if this has changed? I am always in the negative profit as I cannot resist that yarn or new book or new pattern and never charge what I should Ha Ha.

The module also covered how to write up a business plan, which is crucial if you intend to start your own business and require financial backing. This section was very informative and gave you simplistic breakdowns of each section and how to approach it.

So overall, even though I don’t plan to open a shop, or run a stall etc, I found these last three modules very interesting. So if you are planning to start your own business then it’s really useful.

Thanks for reading, stay safe, stay home

Take Care, Marie @ Cosy Crochet

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