A question for Self Employed or Sole Traders.
I'm having a good think about quitting my job and setting up in a business on my own , providing maintenance of ventilation systems in direct competion with one department of my current employer.
My current employer changes £550-£685 per day, I could charge almost half of this and still make a decent living. With this in mind and the fact I have the most technical experience in the small company it would be very difficult for them to compete.
Of course it won't be easy from a standing start and as a lot of the parts and software are proprietary sourcing them may be difficult, although these can be purchased from other suppliers.
There are a few sticking points regarding parts supply and software as this is devoloped by a team in head office, Denmark, however I'm pretty sure I could get around this.
One thing I'm not to sure about is the insurance/health and safety side. I'd be working in public buildings such as schools/colleges and offices. Does anyone have any experience of this from a self employed point of view, writing their own risk assessments etc along with Public liability insurance and all that stuff? To be honest our health and safety policy's are a complete joke but people seem to accept them, just not sure if they'd accept the same from a sole trader?
If you have any experience of carrying out maintenance in schools, offices etc I would be grateful if you were to share your experience?
Thanks in Advance
Oh and I wrote this on my phone so apologies if in places it doesn't make sense
Some things take a little longer than expected!