Welding is an important sector. It supports a multitude of industries, and the work can only get carried out by qualified professionals. If you have experience of welding, and you’ve worked for many different companies, you may be thinking that it’s time for a change. In fact, there might be an entrepreneurial spark (pardon the pun) inside of you!
If you are giving serious consideration to working for yourself, it might scare you to give up your day job. The thing is, welding contractors can easily get work on a variety of projects. So, should you become a sole trader and contract your services out to individual clients? The short answer is yes. Keep reading to learn more about the detailed response to that question.
The freedom to choose your work schedules
It’s no secret that you don’t have much flexibility when you’re working for just one entity. But, imagine what life could be like if you can easily decide when to work and who you weld for? Well, that’s exactly what you can do when you become a welding contractor.
You can also choose to work for clients on an ad-hoc basis or on long-term welding projects with other welders.
You’ll get paid more as a contractor
Despite the fact that being a welding contractor isn’t a “permanent” job, one thing you will notice is that you get paid more as a sole trader. Even taking into account your overheads like insurance and traveling expenses, your net profit will amount to higher figures than if you were employed to work directly for just one company.
There is never a shortage of work
One of the advantages of being a welder is that you can work in a variety of industries. As such, that means you will never be short of work! You might not realize it, but welding is one of the few niches that are virtually recession-proof!
Getting started as a welding contractor
Now that you know the advantages of working for yourself as a welding contractor, you need to learn how to get started. Fortunately, the process is quite straightforward!
To start with, you need to invest in the tools of your trade. That means you’ll need welding apparatus such as MIG welder and a protective helmet. You can find out more from Weldingoutfitter.com so that you select the right equipment for your style of welding.
Next, you’ll need to register as a sole trader or form an incorporated company. Consider discussing this with an accountant to determine which legal entity is right for your business. There are different tax liabilities for both options, so you need to find out which is the better option for the volume and type of work that you’re planning to do.
Once you’ve registered your business, it’s important to take out appropriate insurance cover. That way, if something happened during your work, you’ll have legal protection if your client decides to sue you!
Last, but not least, you have to market your services. While having a website helps, it pays to network with construction companies, electricians, and other service providers. Doing so in person usually affords you better prospects than only marketing yourself online.