Whether you are a seasoned professional in the trade or just starting up, planning your finances and cash flow is an important part of staying liquid. As a self-employed tradesman or woman, you handle a variety of tasks, so let's show you some quick and effective ways to structure your finances.
Communication is key in any industry, but as a tradesperson, it plays a critical role in keeping the project safe, on track, on budget and to the client's expectations. If you have poor communication, you could lose vast sums of money as risks and hazards are everywhere on a building site, and if you don't communicate effectively, something nasty could happen.
Having a mix of trades with various forms of expertise can open different avenues to your business, help you grow, work on more significant projects and develop new skills that you can pass on to the next generation. Let's look at how you can benefit from working with other tradespeople.
Choosing to work as a Subcontractor can provide a steady source of work without having to look for new customers or get hired by a company. However, it may come with some significant disadvantages, such as less control over who you work with on a daily basis, taxes that may be more complicated, and pay that may not be as reliable.
Purchasing trade insurance has never been so straightforward. However, when things become too easy, you may not fully understand what's under the hood of your policy. Let's talk about the biggest insurance mistakes for tradesmen and women.
In this post, Rhino Trade Insurance wants to provide a brief introduction to professional development, the main reasons to improve your skills, and how to keep ahead of the curve when developing your own trade knowledge.
Just like with funeral directors, people will always need plumbers. And builders. And electricians. And gardeners. And cleaners. In fact, you name the trade, there’s always going to be a need for people skilled in it.
When starting a new business, one of the most important things is getting the right level of trade insurance. Ignoring your insurance policy could put your business at risk of being underinsured, which would be a huge mistake.
The life of a painter and decorator can get pretty eventful. You probably work long hours, find yourself in some ungodly messes, and deal with all sorts of colourful characters in your pursuit of getting the job done. But at the end of the day, the transformations you deliver to your clients are worth it.
Today, Rhino Trade Insurance takes a closer look at these points and how we can, as an industry, resolve them. Tradesmen and women need our support; otherwise, life could get very difficult indeed - they do, after all, keep our power on and water running.
Public Liability Insurance isn't obligatory, but it's worth considering as it can form a shield around you financially should someone take legal action against you for property damage or injury. It protects the interests of both the public and your clients and applies at your premises and others'.
By its very nature, the construction industry uses a lot of natural resources. However, construction companies are under increasing pressure to lower their environmental impact due to growing concerns about climate change and the limited availability of resources.
When you have building work done on your home, there is always a possibility that damage or injury can be caused. Trade insurers like Rhino Trade Insurance know about this and regularly share content encouraging tradespeople to have the right cover before stepping foot on-site.
The basic understanding we have is that both of these professions work with wood. But what are the main distinctions, the trades characteristics, and the types of insurance available to them? While there is a certain level of cross-over in these trades, let's better understand the main differences between Joiners and Carpenters.
For anyone who is a fan of the show 'Cowboy Builders', you'll know that there are some horror stories out there. Most tradesmen and women are dedicated, dependable and will work really hard for you. It's the bad apples we want to help you avoid.