If you’re a single parent or share custody, you’ll need a job you can fit around family life. When you choose to work in a flexible industry, such as the motor trade, you can build a thriving business, earn a great income and work from home. If you have experience working with cars or an interest in engines, starting a business in the motor trade could be easier than you think.
Working in the Motor TradeThere are numerous different types of businesses you can launch within the motor industry, so it’s easy to find a niche that suits your skills. If you need a business that offers flexibility, these enterprises could be just what you’re looking for:
- Car dealer or trader
- Mobile mechanic
- Tyre fitter
- Vehicle recovery or towing
- Valet and car cleaning
Motor Trade Business EssentialsBefore you start trading, it’s vital to ensure you’ve covered the essentials. You may choose to register a company, for example, or notify HMRC that you’re working on a self-employed basis. Additionally, you may want to source funding in order to get your business off the ground. Of course, working with vehicles means you’ll need a comprehensive insurance policy too.
All businesses require some form of insurance and most companies take out numerous different types of policies. You may need public liability insurance and employee liability insurance if you plan on hiring staff, for example. Of course, there is sector-specific insurance to consider too.
When you’re working with vehicles, it’s essential to have the right type of insurance. If you’re thinking of launching a vehicle-related start-up, one of the first things you should ask is, what is Motor Trade Insurance? Designed for businesses that routinely operate customers’ vehicles, motor trade insurance offers cover against accidental damage when you’re carrying out your business activities.
Being Your Own BossLaunching your own business and being your own boss can seem like a dream come true, but it’s hard work too. Running your own company means shouldering a lot of responsibility, so it can be stressful at times. However, there are ways to make it easier to run a business and be a full-time parent.
Hiring additional staff is a great way to ensure that you have the professional support you need, whilst still retaining a degree of flexibility in your own role, for example. Furthermore, working with freelancers or subcontractors enables you to minimise your costs.
Of course, any working parent needs a childcare plan too. If you have friends or family members nearby, they may be willing to help you out when needed. Alternatively, nurseries, childminders, and reliable babysitters can help with childcare while you’re starting out in the motor industry.
While launching a business can be tricky, running your own firm can give you the freedom, revenue, and flexibility to carve out a rewarding career while being a full-time parent.
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