5 Expert Tips For Working as a Contractor

Written by
Rebecca Smith

Published
Oct 22, 2018

Oct 22, 2018 • by Rebecca Smith

If you're tired of working for someone else and want more freedom, you might want to consider becoming a contractor.

Yet, if you've never done any contracting before, you might not know how to get started. This shouldn't stop you, because we've got five expert tips for working as a contractor.

Whether you're new to the industry altogether or thinking about branching out on your own, these steps will have you enjoying your new career move in no time!

1. Specialize

It's important that you specialize as a contractor, as taking this step can help you earn more money.

Sometimes you will need to get a formal education to specialize in your chosen field. In other instances, on-the-job experience might be more than enough.

2. Think About How You're Going to Find Clients

Finding clients can be hard if you're a contractor. You need to consider what processes you can put into place to ensure you're never out of work.

Sometimes, word of mouth can work well in attracting clients to your services.

But this is not always consistent. Thus, you might want to consider methods like online advertising. When done the right way, online ads can generate a steady stream of interest.

3. Keep an Eye on Your Finances

You need to carefully manage your finances as a contractor.

If you're not careful, you could end up owing a lot of money to the IRS. Make sure you're aware of how much you need to put aside for taxes. If you're not sure how to do this, speak to an accountant.

4. Keep Developing Your Skills

You're going to be in heavy competition with a lot of other contractors. This is especially true when you're bidding for a specific job. It's because of this that you need to focus on continuously developing your skills.

If you can do this, you'll be able to differentiate yourself from your competitors. This will make it easier to secure a project that's up for grabs.

Sometimes, it's a good idea to learn complementary skills that help you do your main job. For example, if you're someone that works on kitchen remodeling projects, plumbing skills can help. You may even want to learn more about painting.

5. Get Your Paperwork Sorted Out

What you're going to need will depend on the work you're doing and where you're doing it. To stay on the right side of the law, make sure you speak to the proper authorities.

Ask them what kind of documentation you'll need to do work in the local area. This step may put a hold on your ability to work. But it can help prevent any major issues later on down the line.

It's worth mentioning that having the correct paperwork can also make it easier to win jobs with clients.

Ready to Start Working as a Contractor?

If you're sick of working a normal 9-5, you can take the leap and become a contractor. But becoming a contractor isn't always easy and there are certain mistakes you'll want to avoid.

In this post, we've taken a look at 5 tips for those interested in working as a contractor. You need to find a specialty and you also want to make sure you have the correct paperwork.

Managing your finances is important too. You want to ensure you're managing your books in a way that leaves enough money to pay taxes.

Interested in learning more helpful employment tips? Check out our blog!