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How to Become Self Employed After Your Locksmith Course

Posted on : July 8, 2022

MPL locksmith training is the perfect platform for launching your own business. One of the biggest draws of our professional locksmith course is being able to be your own boss instead of working for someone else.

Our renowned MPL locksmith training course is one of the best in the UK, and arms you with all the knowledge, skills and tools to get started with your own business venture. Not only is our training highly practical, but we teach students how to become self-employed and manage the day-to-day running of a business.

If you’ve completed our course, or you’re interested in applying, here is a quick step-by-step guide of what to do next.

1) Set up as a sole trader or Limited Company

The first thing you will need to do when you complete our course is to set up your business and notify HMRC. You have the option of registering as a sole trader or Limited Company, but most people start off as a sole trader for ease (less paperwork and admin) and lower accounting costs.
However, as your business grows, you may want to consider changing to a Limited Company so you can employ staff and benefit from tax allowances. If your goal is to scale quickly and bring on multiple team members, it may be worth registering as a Limited Company from the very start.

2) Get your finances in order

Before you start your own business, it’s important to have your financials all worked out. MPL locksmith training courses are a great investment, and many of our students make back the cost of the course in a matter of months. We also have some easy financing options to help you pay for the training. However, it’s still important to be watchful with spending.

You will need to consider the following costs:

  • A work vehicle so you can carry tools and essential parts to different jobs
  • Locksmith tools, supplies and stock
  • Business setup fees (it’s free to register as a sole trader, while Limited Company setup usually starts at £12)
  • Other business setup costs (such as website and domain name, marketing and advertising, business cards etc.)
  • A cash ‘float’ to cover petrol costs and other day-to-day expenses

3) Build a website

The best way to get your name out there is to do fantastic jobs for customers so you can benefit from word-of-mouth recommendations. But you’ll need help securing those first jobs, and a business website is a must for most locksmiths.

When you register your business name, be sure to check available domain names so you can make sure yours isn’t already taken. There are many easy and affordable website builders, such as Wix or GoDaddy – or you can hire a website design company to create something more bespoke.

4) Advertise your services

On our locksmith course, you don’t just learn practical skills. You’ll also get an idea of how to get your business off the ground. We’ll touch on important topics such as marketing to improve your chance of success.

There are many ways to advertise, including search engine marketing, on social media, through trusted online directories such as TrustATrader, print directories, or on local noticeboards. You can also provide customers with business cards, which can be passed on during customer-to-customer recommendations.

5) Stay in touch

Training with MPL doesn’t just come to an end once you become accredited. We understand the importance of continued support, which is why we provide students with a 24/7 helpline. Knowing how to become self-employed and successful after your locksmith training course starts with having confidence, and our hotline means you will receive expert guidance for those first few jobs.

Our unique training model is based on a collaborative approach, and that’s why our locksmith courses are the best in the UK.

To find out more about MPL locksmith training, contact our team and request a free prospectus.

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