Discuss Self employed, why? in the Plumbing Jobs | The Job-board area at PlumbersForums.net
How did you all actually make the step towards going it alone??
How did you all actually make the step towards going it alone??
How did you all actually make the step towards going it alone??
A lot of sleepless nights, a lot of am I doing the right thing! Keep telling myself why I'm working for myself and not a company. And I just jumped in feet first!
I have only been up and running since may. Not earning a living wage every week but enough to eat and pay the small bills I have. I have got stressed quite a bit but nowhere near as much as when I was employed.
The one thing I will say is though running a business isn't easy, I can do the hands on part but paperwork etc is a nightmare.
Hi all. Why did the guys who are self employed choose that route, rather than to work for a company?
Surely it can't just be the money?
I am not self employed but here is some figues that i keep in mind
this is a bit top line but hopefully it is a decent topic starter, especially for those people looking to start a career and invest in training courses in the industry
This topic rears it's head on occasion so i noted a few figures for anyone thinking they are going to make their fortune in the plumbing world:
Based on vague assumptions:
You want to work 48 weeks of the year (approx 3 weeks hols plus B Hols)
You want to work 45 hours a week
You want to take home £80 a day in your pocket
Tax approx 40% (NI contrib etc)
Your own van (HP costs and fuel, servicing etc) £100 a week
You then "need" per month:
£112 a day at 20 days - £2240
plus £400 for van = £2640/mth = £31680 per year
Across 240 working days = £132 a day
If you want to get paid for the time you have off then this is £143 per day
Will you be able to bring in £143 per day, day in day out, not including materials for the rest of your working life?
So, if your currently taking home £400 per week is it really worth going self employed as a plumber?
I am not self employed but here is some figues that i keep in mind
this is a bit top line but hopefully it is a decent topic starter, especially for those people looking to start a career and invest in training courses in the industry
This topic rears it's head on occasion so i noted a few figures for anyone thinking they are going to make their fortune in the plumbing world:
Based on vague assumptions:
You want to work 48 weeks of the year (approx 3 weeks hols plus B Hols)
You want to work 45 hours a week
You want to take home £80 a day in your pocket
Tax approx 40% (NI contrib etc)
Your own van (HP costs and fuel, servicing etc) £100 a week
You then "need" per month:
£112 a day at 20 days - £2240
plus £400 for van = £2640/mth = £31680 per year
Across 240 working days = £132 a day
If you want to get paid for the time you have off then this is £143 per day
Will you be able to bring in £143 per day, day in day out, not including materials for the rest of your working life?
So, if your currently taking home £400 per week is it really worth going self employed as a plumber?
I see what you are trying to say but I think your way off with figures. You have training, advertising, days that you want to work but can't as there is no work on, all the time spent going round doing quotes, tools, calibration of tools etc. it all adds up to a lot of money. So I would say to earn a decent wage you need to be £200-£220 a day otherwise you would be better off stacking shelves.
And why would I only want 3 weeks holiday when I could have 4 on the books plus bank holidays.
Reply to Self employed, why? in the Plumbing Jobs | The Job-board area at PlumbersForums.net
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