After passing all of the tests and setting up your business, taking the first step into self-employment can be daunting. You’re essentially starting with a blank slate, which can put you at a disadvantage if you don’t take steps to properly jumpstart your business. Here a few tips to help make the transition easier and help you become a successful contractor:
Advertise Your Business
As a new contractor, marketing your services will be one of the biggest challenges you’ll face. Be sure to register your business with local job referral services, sign up for any memberships or customer review sites that can increase your visibility, and begin a portfolio of your work immediately. You’ve worked hard to become a licensed professional, so be sure to use your credentials to your advantage. Always assume you’re dealing with an informed homeowner and do your research to avoid common contractor bidding mistakes.
Build Professional Relationships
Due to the nature of independent contracting, chances are you’ll have to work with various suppliers or subcontractors for different jobs. Take the time to build strong professional relationships, but don’t be afraid to shop around for competitive offers to save money on your bottom-line. Be aware that unfinished projects will reflect poorly on your professionalism, so don’t risk your reputation by dealing with unreliable colleagues.
Organize Your Finances
As a business owner, you’re responsible for every dollar you make, and you’ll have to deal with taxes, licensing fees, permits, and a host of other expenses. Consider hiring an accountant (which is tax deductible) to keep all of your business expenses in proper order and avoid any legal or financial pitfalls. As a licensed professional and business owner, your responsibilities include reliable money management and a certain level of transparency when it comes to providing estimates.
Get all of the information and resources you need to become a successful contractor from the Arizona Contractor License Center. Follow the link to find a location nearest you, or call (888) 738-3175 today for more information about our services.
Excellent experience. Friendly, knowledgeable, and patient staff is very much customer focused. The test preparation material very effectively highlights the information required to pass the exam. Passed the business and trade exams on the first try.
The Arizona Contractor License Center can help you set up any type of company, prepare for the contractor’s exams, and obtain your license to do business. If you would like to start a contracting business, call us today at (888) 738-3175.
Choosing a company name is one of the easiest parts of setting up a business after obtaining necessary contractor certifications. Still, there are some legal pitfalls to be aware of. The state of Arizona uses a specialized nomenclature to refer to different types of business entities.
While referring to your business as a limited liability company (LLC), partnership, or sole proprietorship typically won’t make a difference to the average client, it is important to maintain a level of legal transparency and understand your tax and legal liability. As the business owner, you’ll be responsible for managing every dollar that flows through the business.
For more information about the different types of business entities and which one best suits your needs, contact the Arizona Contractor License Center. We’re here to provide you with all of the resources you need to understand your legal rights and build a successful career. Call (888) 738-3175 for more details about our company setup and test preparation services.
There are several benefits to starting your own business as an independent contractor. With the right management skills, you’ll have the freedom and flexibility to pursue your passions while getting paid for the work you do. Here a few incentives to become a professional Arizona contractor:
A major benefit of independent contracting is the freedom to make your own hours. There is no pressure to answer to anyone but yourself and your clients. Some people prefer the routine of a traditional employment structure, but its rigidity can make it difficult to plan for emergencies or pursue other goals. As your own CEO, you decide when to work and with whom to do business.
Becoming an independent contractor provides unlimited potential for earnings. As you build a reputation, you can bid for higher profile jobs. Traditional employment typically only offers a restrictive pay scale that requires a significant long-term investment. As an independent contractor, you’ll immediately receive payment for the results you provide.
Becoming a self-employed contractor provides several tax benefits as well, including tax deductions for items such as education or travel. Unlike non-independent contractors, you can have the satisfaction of managing your own business with no oversight. Since you’ll be responsible for managing business income, it may be prudent to hire an accountant to manage your affairs if you are unfamiliar with your tax rights as a business entity.
Becoming an independent contractor is a lifestyle choice as well as a career. If you’re interested in learning more about the advantages of becoming your own boss, contact the Arizona Contractor License Center today. We’ve been helping Arizona contractors with test prep, business setups, license and application filing, and more since 1972. Visit us online to see a few of our satisfied student reviews, or call (888) 738-3175 today for more information.
Bidding for a contracting job can be competitive, and it’s important to know what your financial limitations are when making an offer and entering into a binding contract. Get help avoiding pitfalls by watching this brief clip about the legal basics of a written estimate.
The short answer to the question above is yes, a contractor is bound by a written estimate if it is accepted by the client. While there are provisions that can create a little flexibility for the timetable and individual expenses, an estimate is typically accepted as a preliminary offer for a job.
Get all the information and resources you need to become a successful independent contractor from the Arizona Contractor License Center. We’ve helped hundreds of people complete contractor testing and set up their contracting companies. Visit us online to learn more about our services, or call (888) 738-3175 today.