How to Start Your Business as an Independent Contractor

Many people want the freedom to be their own boss. Because of this, many choose a career as an independent mold assessor.  There is a need for remediators.  Remediators can work as an independent contractor or as an employee for established companies.  There is a need for both types of workers.

What is an Independent Contractor?

An independent contractor focuses on a central point of expertise. They contract out their expertise to a client(s) for a certain period of time or for certain projects. When that time has passed or the project is complete, they can move on to another client and project.

The obvious freedom and flexibility of self-employment make it a coveted way to work.  If you would like to start your own business as an independent contractor but know how to begin, look no further. The following steps will help anyone interested in becoming an independent contractor.

1. Give the Business a Name

Choosing a name is an essential, and often fun, part of starting a business.  It is most important that the name represents the type of business it is and what services it provides.  A unique or clever business name is not as important as describing what work the business does.  Even still, a creative business name can be an asset when marketing the business.  

After choosing a name, the next step is to register it.  This is so that marketing materials can be made and used.  Registering a name makes it necessary to decide on how to structure the business.  A business can be a sole proprietor, an LLC, an LLP, an S-Corp, or something else.  To help decide on a business structure, it may help to discuss this with a business professional.  This would include a tax professional or even a business lawyer.

2. Get a Business License

Certain types of businesses are required to get a license from the state and/or federal agencies.  A small fee will be charged for each license. Applying for permits and licenses can be done online or with the help of a business counselor. Business owners can use the internet to find out if their business will need a license.

3. Open a Business Bank Account

Once the business has a name and has a license, it will need its own bank account. It is always best to keep personal funds separate from business funds.  This is done to prevent confusion or frustration when it comes to taxes or if any legal issues arise. 

Choosing Your Business

Many individuals know exactly which field they would pursue as an independent contractor. Others would like to be self-employed but have not chosen a trade or skill. Some pursue marketing, plumbing, electrical work, SEO, or home inspections. NETI helps you prepare for a career as a licensed mold inspector.

Mold assessment is a necessary skill.  This is because mold affects the comfort and health of homeowners everywhere. In fact, there are even mold inspection advocates. These advocates publicly support independent contractors in this area. 

Managing Your Daily Business

Keeping business finances organized is an independent contractor’s greatest asset. This means that there is a place for everything.  It is necessary that accounting or contracting papers have a place and be filed there.  Computer software or a professional accountant can help organize financial papers.  Organized finances will mean less stress during tax season, audits, or general inquiries.  

Focusing on the Marketing

Every business is a marketing business. This applies to plumbers, mold assessors, interior designers, or software gurus. No business is exempt. A business owner should pursue many opportunities to get their name out to the public. Business cards, posters, and word of mouth only a part of modern marketing techniques. Marketing is competitive. You must make every effort to reach the consumer before someone else does.

Marketing is why developing an online presence is vital. In a world full of technology, media marketing is essential.  Media marketing reaches the public and helps you promote your business. 

How Can NETI Help?

So, now you have all the basics to begin a rewarding business of your own. Working as an independent contractor gives you many opportunities.  It allows you to make a positive impact on the community and to follow your own dreams.

If you would like to become an independent contractor in the field of mold assessment, we want to help. To learn more about taking classes or the licensing examination, call us today. The National Environmental Training Institute (NETI) is a state-certified training company. NETI offers Mold Remediator and Mold Assessor training. It also offers continuing education units (CEU’s), certification, and licensing.

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