MireilleThe attraction of being self-employed is undeniable and there are few industries where there’s as much opportunity as in construction. But there’s plenty of groundwork to lay before you grab your hard hat and declare yourself open for business.
Below, we’ll share our expert tips on what it takes to thrive as your own boss.
- Get licensed
This industry runs on qualifications, so you’ll need to ensure your skills are top-notch, whether you’re a dab hand at laying bricks or a whiz with electrics. Apprenticeships, trade schools and even online courses can help you hone your craft.
But qualifications aren’t everything. You’ll also need the necessary licenses to operate legally. It can vary depending on your trade, so research what’s required in your area.
- Invest in the right tools
Budget for high-quality tools that are built to last. Start with the essentials for your chosen trade – a good set of chisels for a joiner or a reliable spirit level for a bricklayer.
Bear in mind that buying specialist tools like wall chasers for intricate electrical work might be necessary depending on the projects you take on. As your business grows, so can your toolbox. But be savvy – good quality tools should always be an investment, not an expense.
- Take out cover
Building sites are inherently risky places, so it’s crucial you get the right cover as a self-employed construction worker. Public liability insurance is a non-negotiable to protect yourself and your clients from financial ruin in case of an accident.
Don’t underestimate the importance of good health insurance either. Self-employed means no sick pay, so having cover for unexpected medical issues can give you peace of mind.
- Manage your finances
Being your own boss is fantastic but it also means being responsible for your finances, including everything from estimating costs to invoicing clients and filing tax returns.
Brush up on your business acumen or consider hiring an accountant to help navigate the financial side of things. Remember, a healthy financial foundation is crucial for the long-term success of your self-employed venture.
- Spread the word
Remember, success in this industry relies heavily on reputation. Network with other tradespeople, architects and suppliers. Let people know you’re open for business and be prepared to go the extra mile for your clients.
With hard work, dedication and some elbow grease, you can build a thriving self-employed career in construction.
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