Becoming a licensed professional in any career is basically the first step you can take to succeed in the field that you’re choosing. And this is also true for becoming a contractor. It’s always a good decision to get certified, but the benefits of such aren’t always so clear. So in this article we’ll be taking a look at a few key benefits of being a licensed contractor in West Virginia.
You can start your own company
With an official license from the state, you can start becoming your own boss and put up your very own construction company. Because you are legally allowed to offer construction services, you don’t need to be clinging on to your old job (if you are working for another construction firm) and begin accepting only the projects that truly matter to you.
You can take on bigger projects
Having a license as a contractor, you will now become qualified to service bigger projects outside of the residential landscape. You can directly offer your services to big shot companies that can give you a large scale contract for more than a year. This assures your profits and is of course a huge thing for your portfolio.
You can attract more customers
Clients know that it’s always a good thing to be looking out for licensed professionals for any of their contracting needs. So they will automatically be on the lookout for those with updated licenses to work in their area… and in your case West Virginia.
So by simply passing the exam and regularly updating your license, you can get more clients to sign with you. Just be sure you’re not taking on too many of them for your own good. Remember, your priority is not how many clients you’re currently billing, but how many projects you have successfully finished in any given time. More clients will come later once you’ve established your reputation in the field.
You will definitely earn more
With bigger and better projects and more clients, you will absolutely earn more than ever before. The next step you should take with regard to that change is actually understanding how to manage your finances to ensure that those profits are reinvested for expansion or are used to further improve the business and your life.
You will benefit from tax deductions
There are seriously a ton of tax deductions you would automatically qualify for if you’re a licensed contractor. Of course, this puts you in an even better position financially to upskill yourself, your workers, and upgrade your equipment from time to time.
What am I talking about? Well, let’s just say that all the work-stuff you’ve been investing in like tools and big equipment are actually deductible from your taxes. So be sure to fully utilize that perk!
It’s not all sunshine and rainbows…
Here’s the hard truth though, becoming a contractor in itself isn’t the easiest thing to do. For one, the job is extremely unpredictable. You have to rely on your grit and passion to get jobs and finish them, regardless of how many licenses you currently possess, and you have to know the equipment you need.
You must also think about marketing and how to grow your reach to grow your service area in West Virginia to ensure you’ll be getting clients.
Plus, getting the license itself won’t be easy, especially for those new to the industry. There’s certainly a lot to prepare for in a limited amount of time. However, preparing for the contractor’s license exam in West Virginia won’t be too hard, if you know where to go and what to do with it.
Becoming a licensed contractor in West Virginia or even any other part of the country is rewarding and fulfilling. While it certainly has its difficulties, once you’ve reached your goal you will definitely reap the benefits of gaining a license for your career and your self-esteem. This license is your ticket to success so use it well and make the most of it.