Advice to go self employed now ive complete my AM2S

[rjp00_]

yes I totally agree either will be surfice, but I answered his question truthfully, the C and G does hold more weight, after all we are here to answer questions truthfully

Why is this do you know? In what situation would you be benifited by having C&G?

 

[Dustydazzler]

Back in the day C&G were considered the Gold standard amongst employers.

As a sole trader it doens't really make any difference these day, so long as you get your PartPee / Domestic Installer / Full Scope

In my experience being a sole tarder is 50% being a decent sparks & 50% being good at business

 

[timhoward]

I always get asked when I will be able to sign stuff off. So, I believe this is when I get a company setup and become a member of the competence persons scheme, is this correct is this hard/long time consuming to do. Can this be done while still being employed by another company?

As long as you hold all the bits of paper, have public and professional liability insurance, a calibrated MFT and a cheque book it isn't hard to join a CPS. I don't see any immediate reason why you can't get this under way while employed by someone else unless there is something in your terms of employment.
Being honest and realistic, getting a business established with tools, equipment, and stock to tackle most jobs that may come your way is a learning curve in itself and for the first few months I was perpetually spending much more money than I was earning in order to be able to take on jobs. It does get better though as eventually you are setup for a reasonable range of work.

 

[pc1966]

In my experience being a sole trader is 50% being a decent sparks & 50% being good at business

THIS!

You will find the paperwork to run a business tedious and time-consuming but it has to be done. Stuff has to be ordered, bills paid, salary paid, HMRC paid, and most importantly of all, invoices have to be sent out promptly and chased up if unpaid after a moderate time.

If you have a partner who can help out it will be a massive advantage!

 

[Dustydazzler]

THIS!

You will find the paperwork to run a business tedious and time-consuming but it has to be done. Stuff has to be ordered, bills paid, salary paid, HMRC paid, and most importantly of all, invoices have to be sent out promptly and chased up if unpaid after a moderate time.

If you have a partner who can help out it will be a massive advantage!

Doing prices & invoices & chasing up money and doing test paper work is the bit I hate. Hence why 99% of my work is now hourly rate and most jobs no more than 3 days maybe 4 days. The invoice goes straight in now the minute I get home.
X amount of hours + materials.
I think most people going self deployed serioulsy under-estimate the time invloved in being a Sole trader