Borrowing privately as a self-employed person




Many people today prefer to start their own business rather than being dependent on benefits. Certainly if you have gained a lot of useful work experience or have come up with a wonderful new concept for your own company, your own business is certainly a good idea. You know what you want in life. You have a lot to offer your potential customers and you are ready to get started. But before you can open your case, you still have a long way to go. For example, it is necessary to prepare a business plan and of course it is necessary to keep in mind how much starting capital you need to really get started. Unless you can take over a successful existing case, there are a lot of points to take into account.

Which expenses should you think of for business loans?

Which expenses should you think of for business loans?

Of course we will not tell you anything new when we say that this depends on the type of company you want to start. Nevertheless, we are happy to provide you with a list of things that you certainly should not lose sight of as a self-employed person when you apply for business loans.

Your location

Your location

You may still be so good at your job, you will not get many customers if the location of your company is not optimally located. Unfortunately, such a top location is not cheap. This is certainly an expense item that you must include in your financial plan. Some self-employed people choose to rent a property in an attractive location where many potential customers come to visit. This monthly release can become very difficult to carry over time. That is why it can be a good idea to think about business loans for the purchase of a property in a well-located location.

Operating costs

Operating costs

You should think of all the materials and services you need to practice your profession. How much your operating costs amount to depends on which service or product you want to market. It is logical that a construction worker needs much more tools and machines than, say, a copywriter who only needs a computer or who already has it.

And what about my pension as a self-employed person?

And what about my pension as a self-employed person?

Being self-employed has many advantages. You are your own boss. That brings a lot of freedom, but also a lot of responsibility. Whoever works for a company or a boss sometimes criticizes his or her supervisor. Employees often find that the difference between the gross wage and the net wage is quite high. In addition, these people are often unhappy about the high amount that you have to pay each month in health insurance. Whoever works as a self-employed person, receives the money from his or her work delivered directly into the hand or into the bank account. Novice freelancers often do not think that this money cannot be considered entirely as a salary. As a self-employed person you have a lot of freedom but you also have to think about your pension and other aspects of social security. In fact it comes down to this: as a self-employed person you are your own employer and you have to pay social security contributions yourself and make pension savings. You are not employed by an employer who arranges this for you. You are your own employee. This is often forgotten when, as a self-employed person, you enter into a pension discussion with someone who is employed.

Social security is a stumbling point for more than one self-employed person

Social security is a stumbling point for more than one self-employed person

The contributions that a self-employed person has to pay to social security are comparable to what an employer pays for his employees. A starting entrepreneur sometimes takes insufficient account of this. When there is money in your account, it is tempting to spend it. However, it is important that as an independent entrepreneur you always keep an overview of your administrative, social and tax obligations. Only after you have paid for your social security, your pension and your taxes, do you have insight into what your own salary is at the end of the month. For many people this is lower than what they had previously thought.

Self-employed persons have been legally entitled to a pension scheme for several years

Self-employed persons have been legally entitled to a pension scheme for several years

For years it seemed to remain an eternal pension discussion. After paying social security contributions, taxes and their pension contributions, many freelancers have little left to live on. That is why there was a great temptation for self-employed people not to make down payments to a private pension savings fund during their career. As a result, their income dropped dramatically after reaching retirement age. That is why it is good to know that as a self-employed person you can currently enjoy a pension after your career. The pension is regulated by law in the Netherlands from 2015.

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