Category: Tradesmen Income & Earnings

Running a trade business is one thing. Running the paperwork that comes with it is another. You finish a job, put your tools away and think you’re done. Then you remember you’ve got to write the invoice. And chase yesterday’s invoice. And find the certificate a customer wants. And enter the receipt you put in…

Can a Tradesman Really Make £100k a Year? Yes. But there’s a catch. There is a huge difference between turning over £100,000 and actually earning £100,000. A tradesman who invoices £100,000 in a year hasn’t necessarily made £100,000. The business still has to pay for the van, fuel, insurance, tools, materials, accountants, software, advertising, unpaid…

Introduction One of the most common questions tradesmen ask is: “What should I actually be earning?” It’s an important question—but it’s also one of the hardest to answer. Some electricians earn £40,000 a year while others earn well over £100,000. Two plumbers living twenty miles apart can have completely different incomes despite doing very similar…

Many self-employed tradesmen work incredibly hard yet never earn more than £50,000 a year. Here’s why—and what you can do differently. Introduction Have you ever noticed how some tradesmen seem to stay around the same income year after year? They might earn £40,000 one year, £45,000 the next, then £48,000 before dropping back again. Despite…

Every Tradesman Has Asked This Question Most self-employed tradesmen chase a bigger number. “I’d be happy if I earned £50,000.” Then it becomes £70,000. Then £100,000. But very few ever stop to ask a more important question. How much is actually enough? Because earning more doesn’t automatically make you wealthier. I’ve known tradesmen earning over…

Ten years ago, earning £40,000 a year felt like a good living. Today, many self-employed tradesmen earning that amount still feel under pressure. If you’re a builder, electrician, plumber or another self-employed tradesman, you’ve probably asked yourself: “How much do I actually need to earn to live comfortably these days?” The answer is probably more…

Introduction One of the biggest financial mistakes tradesmen make is treating the business account like a personal bank account. Money comes in… money goes out… and whatever’s left gets spent. That works when work is busy. But eventually it causes problems: And eventually, it becomes difficult to tell whether the business is actually doing well…

Most tradesmen have a rough idea of what they earn. £200 a day. £250 a day. Sometimes more. On paper, it looks like good money. But when you actually break the numbers down, most tradesmen are earning far less than they think. This isn’t because they’re not working hard. It’s because they’re looking at the…

Most tradesmen think they earn good money. Most self-employed tradesmen in the UK take home: Around £20,000–£25,000 from £40k turnover Around £30,000–£35,000 from £60k turnover Around £40,000–£45,000 from £80k turnover This depends on costs, tax, and how efficiently the business is run. But when you break it down properly, what they actually take home is…