If you’re thinking of working in the construction industry, there are plenty of opportunities for people who want to be employees of a medium to a large company. However, if you’d like to maximize your income and have a more flexible work/life balance, you may want to consider setting up in business as a qualified, licensed contractor.
You’ll need to follow the rules and regulations of your state. For some, shadowing experienced building contractors is helpful. Regardless, you will want to get licensed first by an approved body in your region. If you’re based in states like Alabama, learn more about getting qualified at contractortrainingcentre.com.
Depending on where you live, you may need to pass several exams in your chosen field, or prove your skill-sets based on your experience. Expect to be asked for a background check, a review of your business or personal finances, and be prepared to put up money for insurance or a bond.
Think again. In many states, if you’re caught operating without a license you could be fined, put on probation or face jail for up to a year. Get caught a second time and you could be looking at a five-year sentence.
Aside from having a building contractor license, it’s wise to think about whether you have a personality that’s suited to being self-employed. You’ll need to be flexible, honest, direct and be able to build trust with others quickly. If you’re hard-working, motivated and do an excellent job, that’ll help too.
Your ability to build and maintain relationships – not just with potential customers, but also subcontractors, vendors, and suppliers – is vital.
Once you’ve got your building license, the world of construction opens up and you’ll find:
However, there are drawbacks to being self-employed:
Remember that as a self-employed contractor, you’ll have to contend with:
If you’re ready to enter this lucrative career, start by studying for the exam. Passing the contractor exams gives you a proper grounding in all aspects of construction, as well as many relevant business practices. To find out which licenses are required in your local area, contact your planning and development board, or contractors’ state license board.
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