Becoming a craftsman entrepreneur

Contractor working on window in new home

Editor’s Note: Here at Dispatches, we are always looking for ways to help our readers do things. For some of our readers, that means helping navigate the working world, for others, it means assisting in the ever challenging question, “what’s for dinner?” For still others, it means figuring out how to balance family life with everything else. In an effort to aid in all of these endeavors, we have collaborated on this article written specifically for our readers.

Becoming a craftsman entrepreneur or contractor is not as scary as it sounds. With a plan, solid project list, reliable equipment and a good team in place you can increase your chances of success. 

Don’t Dive In Without a Plan
Without a plan in place, you will be much more likely to fail as a craftsman entrepreneur or contractor. You need to plan out what you’re going to do and what your time is worth so you know what to charge your customers. Outline the steps that you plan to take and the kind of work you’re willing to do and what the rates will be. Figure out your expenses and make sure you’re taking in more than is going out for expenses. 

Embrace Your Ability to Take on Numerous Projects
If you’re going to become independent, it makes sense to embrace all the advantages that come with that. You will now be able to take on all kinds of work. Different projects give you different challenges, and it definitely keeps things interesting. That’s not to say it’s easy; it definitely isn’t. But if you’re someone who got bored when doing your old job, this could be exactly the kind of change you need in your career.

Invest in Equipment
The equipment that you use as a craftsman entrepreneur or contractor is key. It doesn’t matter whether you’re a painter or a window fitter, you need the equipment that allows you to do your job. You should make these kinds of investments before you even become a craftsman entrepreneur or contractor. That way, you’ll be able to get off to the best start and impress your first clients. That’s important because you will need to start building your reputation immediately.

Get Assistance with Accounts and Taxes
Money matters when you work for yourself. You can’t expect to get ahead if you don’t have your accounts in order. It could be worth hiring an accountant when you need some assistance. This is something many craftsman entrepreneur or contractors do because they want to make sure that they’re making enough money. These accountants can also take care of complex tax situations too. If you fail to pay your taxes, you’ll be in trouble, so don’t let this happen to you. 

Have a Set Time Schedule and Work Area in Place
When you’re not employed by a company, and you work for yourself, organizing your schedule is up to you. You can’t rely on anyone else to help you out. So, you should have a time schedule and work area in place before you start. This will give you some form of discipline that you’ll need if you’re going to succeed. It’s all about finding ways to motivate yourself and stay on top of your work.

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