Hi all, I have a burning question that I hope someone may be able to help me with? I have set up a CIC so I can help people with their mental health, however until I have funding secured It makes my pricing complicated as in order to take a sustainable wage I would need to be charging very high amounts. Has anyone any advice as to whether you can trade as a sole trader at the same time or at least until I secure funding?
What is the service you plan to deliver? Can I ask what trading as a sole trader as opposed through the CIC would bring ?
Its can be tough to get get a successful mix of fee's and additional external funding and to an extent many/most CICs have this as an ongoing challenge.
Happy to help if you can tell us a bit more, best of luck!