Is Self-Employment Still a Viable Path for Tradespeople in the UK?
Navigating the world of self-employment can be both rewarding and challenging, especially within the trades sector. As a 53-year-old engineer and technician operating independently in the UK, I have spent years servicing and repairing equipment such as dishwashers and coffee machines for establishments like restaurants, cafés, and hotels. However, in recent times—particularly post-COVID—I’ve begun to question whether this career path remains sustainable and worthwhile.
The Rising Cost of Doing Business
One of the most pressing issues is the increasing operational costs. Expenses such as vehicle maintenance, insurance (including van, public liability, and tools), calibration, and spare parts have all gone up significantly. Additionally, the ongoing effort to chase late payments eats into valuable time and resources. When I break down the hours I work—including administrative tasks, weekends, and invoice chasing—I find that my earnings often fall below the UK minimum wage threshold.
It’s important to remember that self-employed individuals bear the full brunt of employment costs. There are no employer contributions toward sickness pay, holiday pay, or a pension scheme, making financial stability more precarious.
Pricing Challenges and Market Pressures
A common struggle for me is managing customer expectations. Many clients push for lower rates, and I often find myself conceding to their requests out of a sense of empathy or to secure ongoing work. My partner frequently reminds me, “You run a business, not a charity,” emphasizing the importance of valuing my services appropriately. Yet, there’s a pervasive fear—if I increase my charges, competitors, especially newer, younger tradespeople entering the market, might undercut me, threatening my livelihood.
Insights from the Trade Community
Conversing with colleagues offers additional perspective. A close friend—a 59-year-old plumber—mentioned he’s contemplating retiring soon, citing mounting stress and financial strain as key reasons. He and others in their 40s report similar feelings, indicating a broader trend among self-employed tradespeople feeling the squeeze.
Open Questions and Looking for Advice
Given these challenges, I wonder: Are these pressures unique to my circumstances, or are they indicative of a wider industry shift? Is this the new norm for self-employed tradespeople in the UK, or is there something I might be overlooking—perhaps in my pricing strategy or business approach?
I would greatly appreciate any insights, advice, or words of reassurance from others navigating similar paths. Knowing I am not alone in these
