Tag Archive | self employed

BCMA founder member of the Integrated Healthcare Collaborative

IHC

The BCMA is proud to be a founder member of

the Integrated Healthcare Collaborative. 

The Integrated Healthcare Collaborative (IHC) is a collection of leading professional associations and stakeholders within complementary, traditional and natural healthcare, working together on common areas of interest, to increase access to these therapies, promote greater integration with conventional Western medicine, and improve patient outcomes.

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IHC calls for further assistance for self-employed complementary healthcare workers during Covid-19 crisis

The Integrated Healthcare Collaborative (IHC) has welcomed the Government’s announcement of the Coronavirus Self-employment Income Support Scheme on 26th March, as much of the complementary healthcare industry falls into this category.

However, there are concerns that Government action in this area will not reach a considerable number of these workers, leading to financial hardship for this valued subsection of the working population.

This group includes those:

• who became self-employed after April 5th 2019

• who have invested much of their profit in the start-up of their new business

These workers will receive no support unless they fit into the tight constraints of the Universal Credit system, which was originally developed for non-workers.

Some of our members have only been self-employed for this tax year, others have invested their net income, but all have shown commitment to their new careers by financing their training, completing a qualification, and by registering with a professional membership body. We would suggest that, where these criteria have been met, the Government offers some support at this difficult time.

We propose that there is a grant of £550 per month for any complementary healthcare worker who does not currently receive the employment or self-employment grants, but who holds a full membership with one of our recognised complementary healthcare organisations as of 1st January 2020.

This will provide, in some part, analogous provision with Government supported employees and the self-employed. This grant is comparable to those that have not been working, but on Universal Credit at £318 per month, and is currently less than the basic pension. The same grant of £550 could be provided to any workers that currently receive no support because they have chosen to show entrepreneurial spirit and re-invested their income in their new businesses, and therefore show little profit to date. The self-employed grant is wholly based on an ability to show profit, which many small businesses especially at start-up, do not.

This grant should also be provided, therefore, as a top-up to those businesses that have small profits reimbursed by the self-employment income support scheme but that deliver less than £550 per month.

Secondly, where there are part-employed workers that depend on supplementing their paid income with their self-employment, there is now a considerable gap between their situation, and what both the employed and the self-employed receive, with 80% of their usual income protected by the Government’s income protection schemes.

Where income tax is paid annually on self-employment, regardless of any other income, the Government Self-employment Income Support Scheme should provide the standard profit-based grant. This would ensure parity for the part-time self-employed.

Whilst IHC members appreciate the challenge the Government faces in supporting workers in need, but also preventing fraud, we ask it to show fairness and parity in its approach, and accept that some workers do not fall into the narrow boundaries of the current financial relief.

We have therefore written to the Chancellor of the Exchequer, the Rt Hon Rishi Sunak MP, calling for action to limit financial hardship for this subsection of the self-employed, which could prevent many micro businesses going out of business in the aftermath of Covid-19.

BCMA Featured Members #2 Valerie Cheong

Nurturing Your Unique Brand – Wellbeing for the self employed and business owners

Valerie has wValerieorked in a number of fields: financial services and project management before starting her career as a self employed. Having made several career changes, Valerie has learnt to raise her own self awareness so as to make each career transition, a journey worth making. She worked for a number of years with business owners to grow and consolidate their businesses. She then joined a Pan African Trust to help beneficiaries carry out the projects that received funding from her employer.

Having to travel and work with people of different cultural and professional backgrounds, Valerie has learnt to look after her own wellbeing. She used her self help Reiki techniques as well as meditated regularly. She started her training as a Law of Attraction Practitioner so that she can use it to achieve her own personal goals.  She is used to push the boundaries of her comfort zone and adjust to different cultural norms. She is now a Reiki teacher based on Eastern Principles ( Komyo Reiki Kai)

From Valerie’s personal perspective, wellbeing encompasses many aspects – managing change and befriending your worries, time management and learning new tools such as financial planning  are all essential to building your resilience when you are self employed or running  a business.

Self employment can be a daunting project.  Deciding on how to market your services, what prices would you be charging, how to work out how much you need financially to run your business, how to define your Unique Selling Points (USP) and use it to raise your visibility.

Valerie is now using her work experience to coach and mentor her clients who are looking to start their own business or grow their existing business or run their charities. She provides them support to improve their managerial skills, grow their comfort zone as well as their financial literacy. An understanding of financial planning is important for the personal wellbeing of the business owner or founder as finances is part of the lifeline for your self employment or organisation to be successful.

Valerie is a member of the International Coaching Federation and has a certificate in Professional Coaching. She is also a Neuro Linguistic Programming Practitioner and has received training in Coaching for Conflict Resolution. Find out more about Valerie and her work

Valerie is a registered therapist of the BCMA through her membership of the Association of Energy Therapists

Would you like to be a BCMA Featured Member? or find out more about the BCMA? contact Tracy at the BCMA Office