Sole trader partnership advantages arise because of a growing problem across NSW. A lot of people are now renovating their homes. Tradesmen are in high demand, coupled with a shortage of skilled people. Thus tradesmen are put under a lot of pressure. The trades especially affected are bricklaying, ceramic tiling, plumbing, electricals and joinery.
What are the demands on sole tradesmen?
Running a trade business alone is very stressful. Below are some of the things that lead to that stress.
Many different activities all require doing, such as:
In addition there's:
All these demands can have a range of potentially dangerous consequences.
Daily rhythm having little room for 'living'. That includes relationships, relaxation time, proper sleep, exercise and diet, tasks at home, etc. For example a 2017 survey found that loss of sleep due to work-related worries affects 48% of construction workers. Partners of tradies report neglect of the home and family, early rising and loss of weekends. They also complain about being frequently used as a casual secretary or personal assistant. Furthermore, tradesmen can end up feeling not in control of their own life.
Sole tradesmen commonly experience poor health and self esteem, depression, exhaustion, discouragement and not enjoying work or life. Relationships suffer. There is difficulty in marriages and kids who feel abandoned, to name a few. Suicide is a growing problem among tradesmen.
How best to move forwards from this situation? Certainly there are advantages to being a sole trader. However if the disadvantages are weighing you down, you could consider partnership options. If so, what could a sole trader partnership do for you? What would life be like if someone else did:
There's a lot to be said for knowing there's a team to support you, fill gaps, and take the load off. An example of sole trader partnership that's working well and growing rapidly is the Professional Freddie Trade Program. As a tradesman you remain a Sole Trader with all your autonomy. And yet you have none of the disadvantages of formal partnership. Yet you benefit from being part of a team in all the ways discussed above, and more.
Thinking of a practical way to spend last year’s savings? Consider to greenovate. Start with house painting.
Greenovation refers to any home renovation that aims to reduce pollution and preserve the environment. It can as complex as making your home solar-powered or as simple as using sustainable materials for the kitchen.
Solar products are just some of your options. The initial cost can be a bit heavy but you will an unlimited source of clean energy for free.
A solar tube is composed of a bubble-shaped skylight that channels sunlight down a reflective tube to a light panel in the ceiling. You can use it in any room because it can be distribute light efficiently even if installed around curves, corners and in places that are difficult for conventional skylights .
This simple device will bring natural light to any area that you do not have to turn on the lights during a clear day. You pockets will also benefit from the passive heating while preventing UV rays from damaging the interiors.
If you can afford to go all out, consider a motorised skylight. This type of solar product can help you even when it’s cloudy because it builds up heat during warmer days. Hire a professional solar energy technician to determine a location that will maximise airflow throughout the living space to decrease dependence on air conditioning units.
Motorised skylights can be controlled by a button and can also be linked to a computer. With its thermostatic controls and auto-closing features, just adjust the settings and they won’t demand more from you.
Flexible Solar Panels
This innovative product is the solution to the standard solar panels which are usually bulky and pricey. A solar energy professional Melbourne can easily install these to metal roofing. Though cheaper than other solar products, they blend well with all types of roofing. Since they don’t have fragile parts and require very little maintenance, most suppliers offer a 25-year warranty.