Sorry to relive an old thread. But I also want to add my story.
I started up 6 years ago now, and when I first started I hit the ground running. I had alot of savings so I could afford the kit, i had alot of cash flow and i was also lucky enough to have an older sister that was self employed and she passed on my details to her large number of clients. But when i decided to move house my cash flow bottomed out and i really started to struggle afordjng to go to jobs so one after the other i was p'ing off my clients and i lost alot of good customers. Round that time wasn't my worst time, as i often had the energy to pull out of it. Mu bad times have been over the last couple of years whereby most of the time i have not earned a personal income, and its been a vicious cycle- start the month off doing the smaller 'money spinner' jobs to free up cash flow then round about mid month i can afford to move onto some bigger jobs, but these often take longer to pay, so its not by getting on for the end of the month that I've got some decent money in the bank, but uh oh, out of time gotta pay the bills- that cleans me out and i start the next month in the same position, damn it.
this happening over and over again has lead to debilitating stress levels, I've had all the physical symptoms and has generally made me feel angry alot of the time with people who get in my way, ques in the post office machinery etc. I even had a big fall out with my father mid last year, and i feel bad about that. I've never been to the doctors about this but i know i should have done really.
I just feel i have wasted the last few years, and i have put my other half through so much its a wonder she has stayed with me.
We are looking to start up a family this year so i have taken up a post this year that will leave me a bit of time to do private work so it will mean i don't lose my industrial unit, truck and equipment, because if i did i would never forgive myself. If i had a son or daughter who wanted to be self employed id be sure to educate them the best i could about the pit falls that leads to stress and depression, and avoid them!