Well the inability to work from my home,is the reason for my high office rental costs. I’m already “all in” for about $15000 in renovations when I opened shop and the approximately $1400 office rent. It’s too big a space for me, but was what was available at the time when I needed to open right quick like or stop doing electrology . Those were my options. I chose to rent the office, but that plus hydro, insurance costs , hot water heater, spore testing supplies purchases etc means I have to make $2000-$2400 a month before earning a single dollar to support my family.
Yes, there are some months I can count that money will NOT be coming in, those being December and January, and oddly enough, July and august. I have to come up with enough excess the better months to cover the shortfalls in those months and I’m not doing it. The return of my various students helps a bit in September.
Then, you have what happened to me this year. You see I’m not just an electrologist and businesswoman , I’m also a parent with sole custody of 2 children on the autism spectrum, one, severely so. I literally spent so much time working for nothing to bring home that I couldnt afford proper child care, and, my severely autistic child taken from me for 3 months. I had to hire lawyers ( $3500) and show his care in order to get him back. I stood a very good change of losing him permanently. My children, are hands down the most precious thing in the world to me. I will be a custodial parent to the developmentally disabled for the rest of my natural life no matter how old I get. This is my expected life outcome.
Will I close it at this point? I’ve gotten through the “crunch” with some help from my partner. Despite the challenges I think I have bettered my sales figures over last year, and I dont have $15k in renovation costs to subtract . I can survive. And when it comes right down to it, my professional practice has become my pride and Joy. I have a good bunch of very loyal clients who have made significant progress on schedule toward their goals.
At present I am considering uprooting, most probably to Vancouver Island ( Nanaimo or Victoria). But because of further custody issues with my youngest, am having to put off those plans, possibly for up to 7 years. If that happens ( which it looks like it might) I’m on the lookout for a less expensive office space that more closely suits my needs. It would also put me established here too long to back out and establish the practice elsewhere.
And that is the thing, I really dont like the City of ottawa.I want to leave. I want to leave soon. And one way or another that is exactly what I am going to do.
As for the no show, late, or non-paying clients, I can comisserate. I had to fire one of my clients on Saturday for exactly these reasons. However having specific, enforced policies on payment, no show late or missed appointments is to your benefit.Dont lose a moments sleep over it either.
When self employed one has to remember who it is FOR. It is not the clients who your business is for, it is for you to earn an income ( no matter how small) . Your “cost of doing business” that is the threshold you must reach before you earn anything, has to be proportional to the reward. If all of what you are making is only paying for the cost of doing business, that is no good and eventually you will close, as I may have to at some point.