Finances & Money

Career in Building And Construction Industry: The Essentials

A lot of people these days seem to be opting for a career in the construction business as it serves as a great earning opportunity. According to 2017 reports, the hourly wage in the UK for workers working in this industry was somewhere between £120 and £200 and of course one can earn more if they are well experienced and opt for a self employed career in the industry.

The profession of construction is a bit different from other professions because the UK government has set special timings for builders so that nearby residents don’t get disturbed. You cannot work whenever you want to.

Timings Of Work:

8am to 6pm (Mon – Fri).

8am to 1pm (Saturday).

Sunday (Work not allowed).

But first, let’s get to know the essentials of starting a career in the construction industry:

Getting Training

Being a builder is not easy. One needs to to be highly trained and experienced to be able to fully grasp the field. One way to learn is to get apprenticeship or work for a company to get familiar with how builders work. The other option is to get enrolled in a training center that teaches everything there is to know in the business.

You can get enrolled at any NVQ course as well to get the required training.

Find A Job Or Start As A Self Employed Builder

Once you receive the necessary training, it’s time to put it to use. Search for jobs in the construction business and choose one which you are comfortable with.

You might have to work at a minimum wage in the beginning because of a lack of experience. However, taxes and insurance will most probably be paid by your company so that’s something you won’t have to worry about when you work for a company.

Once you believe you have the right amount of experience in the field, start out as a self employed builder to earn handsomely.

Things To Consider When Starting Out As A Self Employed Builder

Sole Trader Or Limited Company: You need to choose if you want to begin as a sole trader or run a company.

For a sole trader, you need to sign up on the UK government website for tax purposes.

In case you want to start a limited company then you will have to pay taxes, have insurance, get registered etc.

Self Employed Builder Tax: You can’t overlook taxes, and must register with the HMRC for an annual self assessment tax return.

Self Employed Builder Insurance: The most important part of starting a self employed builder career is to buy this builder insurance cover. It will help protect you, your employees and your business.

Capital: You will need capital to set up shop and buy necessary tools to carry out this profession. You might even need to hire employees to work for you and for that you will need a considerate amount of money.

Conclusion

This is all that you need to know about how to start a career in the construction businesses. Good luck!

 

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Susan Paige

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