My Top Tips and Essentials for going Self-Employed
Going self employed could be one of the biggest decisions you will make in your life-time.
It should not be taken lightly as this is your future and lively hood not just for you but your family too.
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You should be confident in your ability to do the work that you have been trained for.
Now this might seem like obvious but many people who are tradesmen only have a limited amount of training and can at best only take on small jobs. I recommend to get as much training for your particular trade as possible the more skills in a particular field you have the more likely you are to obtain more work. Attained training courses on a frequent basis especially in the beginning although we all can never stop learning the key to success.
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Before you take the step hunt around to get some contract work or get the word out that you will be a self-employed on a certain date
You will want to be in a position that once you are ready, to have work already lined up with some good contracts and hopefully some private customers wanting your services. Getting work straight away should be a priority you don’t want to be waiting for that phone call in order to start. You should check my free report for finding work
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As soon as you know the date you will need to inform the Inland Revenue or your tax department in your country.
It is law so get it done straight away to avoid any repercussions later on down the line you might decide that you will want to have an accountant from the start, but you can do online assessments in the beginning if you want to save money if you are not sure get some advice from professional services or other self employed people on what you need to do. Go to my tax category for more information with all your tax questions self employed tax guide
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Grants find out what there is that you might be able to have to give your business a financial boost
Grants can help you in the early stages especially if you need tools or equipment for your business don’t over do the budget but you do need to have a good start tools are essential to do the work so prioritise on what is more important for you to start getting an income in straight away. Get more information on grants and training you can find more links for apprenticeships and training at my resource centre
• Marketing your business to expand clients and customers
Thing about how you are going to market your services both on and offline to maximise your effects to get more business, again don’t over do it look for ways that you can advertise for free and low cost advertising at first. Once you start earning money you can decide to increase your outlay. And to look at other methods that will be of maximum benefit to you and your business. Get a professional website to brand and promote your business. The Tradesmen Website Solution
• Have a realistic budget to start
When you start out it easy to start spending money on this and that but i can not express enough the importance of keeping your costs to a minimum until you can realistically put more money into your business. You want this business to be your future not a 5 minute wonder.
• Business Plan
You might want to consider putting in place a business plan for the above detailing what you are going to do how you are going to do it. Have a realistic plan on what and how you are going to achieve your goals and business expectations in the beginning then consider where you want to go with your business.
I hope this has been helpful if you need any help in moving forward please don’t hesitate to contact me. Or leave any comments below.
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