Branching out and becoming self-employed can be both exciting and frightening but worth it for the extra control you can have over your work. You will, however, need to take note of a few things before you get started as there are a few things you need to keep on top of. If you’re currently a self-employed tradesman, or looking to become self-employed, read on for some tips you may want to take on board.
Even though insurance may seem costly, you never know when you might need it. There are many different types of insurance you can take out, so it is important that you choose what is best suited for you. Remember to also insure your tools, equipment, and anything you may use on a regular basis as well. If you are a little bit confused about what type of insurance to take out, contact a specialist such as Tradewise Insurance who will be able to guide you in the right direction.
Word of mouth is considered to be one of the most effective and free methods of advertising. However, if you are finding that work is a little scarcer than you would like, you may want to consider advertising on places like Gumtree, your local newspaper, or even distributing flyers around your local neighbourhood. If you’re just starting out, it may be difficult to get clients if they don’t even know that you exist – advertising can help you get your name and services out there.
Provision of high quality customer service is paramount when it comes to being self-employed. There are plenty of other tradesmen out there who can take your place in an instant, so it is important to be punctual, and to complete your work to the best of your ability. Build a rapport with your customers, so they will keep you in mind for other jobs they might have and maybe even recommend you to their friends. You never know where putting that extra bit of effort will take you.
Taking care of your accounts may seem boring and time consuming, but it will help you out immensely when it comes to doing your taxes. Make sure you keep strict records of everything you do and keep the receipts and invoices from all your jobs. Put in all of your income as it comes in, and don’t be slack! Arrange for one specific day or time a week to get all of this done and out of the way so you don’t have a backlog of work to do at the end of the month or year.
Being self-employed can be tough, but it can also be a lot of fun. Just make sure you have all the necessary strategies and processes in place and you will be good to go!
Are you currently a self-employed tradesman? Do you have any tips for those who are planning on embarking on a similar path? What have you found most useful and what types of things do you avoid? Leave your thoughts in the comments section below.