It may seem like a bad time, but in actual fact the whole Covid situation has meant the stars have kind of aligned and it’s a good time for me and an ex colleague to set up our own business together. It will be low overheads, we won’t need an office, just a website; phone line and that’s it’s really at least to start with. The main issue (like most new businesses I guess) is that it’s going to be several months before we probably start to turnover any meaningful amounts. I can manage financially for a little while, but not indefinitely and certainly not a year, so would need the ability to utilise any income at some stage. I appreciate we need the services of an accountant which we will be engaging, I just want to get a feel for whether it is actually viable for me before I chuck myself in head first really. Although our initial outlay won’t be huge, there are certain things I don’t want to skimp on like the website, so don’t want to plough money in before being 100% sure it’s the right thing. I’m confident we can make it a success, but I need to be fully committed to it for it to work. I suppose my main question is, how do you actually pay yourself? I’ve heard of paying yourself a small salary and then dividends to be more tax efficient, but is this a yearly thing? Also any other tips, however small would be most appreciated.