After being made redundant due to the Covid-19 pandemic, Steven decided to utilise the skills and knowledge he had built up over the years to set up his own business.
Working as a virtual assistant to mortgage advisers, Steven found himself furloughed in the early weeks of the pandemic, losing his job completely a few months later.
Having never experienced unemployment before and also battling depression, Steven had to figure out what he wanted to do. In contact with previous clients who were still keen to work with him, Steven decided he could put his three years of experience to use, and set up Precision Admin Services, offering admin support to mortgage providers.
The idea of being his own boss and having flexibility in his working life which he felt could help to improve his mental health, began to appeal to him and so he decided to access expert business help.
Reaching out to The Prince’s Trust, Steven took part in the Enterprise course – which shows young people the right way to set up their own business, teaches them important skills and helps them access grants.
Steven said: “I’ve worked since the age of 16 so being furloughed, then being made redundant was a shock to the system. Over the last year I have suffered from depression and so the combination of my poor mental health and losing my job meant I was extremely low. I had to decide what I wanted to do, and I realised that as well as having the skills and experience, I liked my job. I decided to pursue being self-employed, but finance and a lack of business knowledge was a barrier.”
Now, Steven is looking into applying for grants and he is more confident about going out on his own and being his own boss. He is also in a much healthier and happier place with his mental health and is looking forward to the future.
He added: “Everything I’ve learned from The Trust’s Enterprise course has put me in good stead to open my business and get back to helping people with the knowledge I have.”