Curious how a typical day looks like for an aspiring sewing entrepreneur? In this vlog I take you behind the scenes and give you an honest look into the pros and cons of running a business vs being employed. I’ve spent most of my life as an employed worker, but I’ve also had several stretches where I was self-employed, mostly as a freelance writer and educator, and this time I’m trying to create traction for my sewing business.
In case you don’t know, I’ve been on a six-month-long hiatus from my day-job in communications to work full time on the sewing business. I’ve written more about that experience in this blog post where I also share the financial realties of running a sewing business.
For context, I’m currently making around 1/3 of what an employed position in my line of work would entail, including employee benefits such as paid vacation, extra pension money and additional sick leave pay. Plus as a business owner, I have many expenses too. These things all need to be factored in because otherwise, you’ll end up kidding yourself and will be in for a dire financial shock, especially when you get older or sick.
Plus in Sweden, the tax level on revenue for a sole proprietor is around 60%, since we pay all the taxes and fees ourselves to the government (normally the employer pay 30% and the employee 30% ). As you might already know, the safety net and benefits in Sweden are still one of the best ones in the world, plus we have free education (including university studies) and healthcare. But that also means we pay more in taxes than many other countries. Also, the cost of living is high in Sweden, and on top of that, I live in one of the largest cities which also increases my costs.
Hence why I am still very far off when it comes to making this sewing business financially viable and this is why I am returning to my day-job in March. But I’m not crying over it, I knew that this would be the outcome and luckily I enjoy my work and I also enjoy not having to be stressed out about money.
By the way, I will work 4 days a week for a while in order to finish my next book (about sewing jeans). So that will give me a bit more room for the business and less stress, hopefully.
Now you know a bit more about what’s going on in my life and in the video, I share tons of other stuff too!