How Graduates Can Start Contracting
Hey there, future contractor!
Graduation: the cap, the gown, that mix of relief and anxiety. After the celebrations, you might find yourself wondering, “Now what?” If you’re drawn to flexible work, independence, and the thrill of choosing your own projects, contracting could be your perfect fit. But how do you actually make the leap from graduate to contractor in the UK? Let’s walk through it together, step by step.
What You’ll Need to Begin
Before you dive in, gather these essentials:
A clear skillset: What are you great at? Programming, graphic design, social media, project management? Take stock.
CV and portfolio: Even for contractors, a slick CV and an online portfolio (think LinkedIn, Behance, or GitHub) are crucial.
Business basics: You’ll need to decide how to structure your contracting—sole trader or limited company?
Legal documents: Contracts, insurance, and proof of right to work in the UK.
A reliable laptop and workspace: Your tools matter.
Your Step-by-Step Guide to Contracting Success
1. Discover Your Niche
Start with a bit of soul-searching. What do you genuinely enjoy? What do employers need right now? Research trending skills on sites like LinkedIn Jobs or Reed. For example, in 2024, digital marketing and cybersecurity are both booming.
Personal story time: When I started, I tried to be a Jack-of-all-trades. But specialising in content writing for sustainability projects made me stand out and land better gigs.
2. Choose Your Business Structure
There are two main ways to operate:
Sole trader: Easiest to set up, less paperwork, but you’re personally liable for debts.
Limited company: More admin, but more tax-efficient and offers legal protection.
Here’s a quick comparison:
| Feature | Sole Trader | Limited Company |
|---|---|---|
| Setup difficulty | Low | Moderate |
| Paperwork | Low | High |
| Tax efficiency | Medium | High |
| Liability | Unlimited | Limited |
If you’re unsure, chat with a friendly accountant. Many offer free first consults for graduates.
3. Register and Sort the Admin
Register as self-employed on HMRC’s website, or set up your limited company with Companies House.
Open a business bank account.
Get insured. Professional indemnity and public liability insurance are must-haves for most contractors.
Understand IR35. This tax legislation affects contractors—read up on it or ask an expert.
4. Build Your Brand and Find Work
Polish your LinkedIn profile.
Join contractor job boards like ContractorUK, PeoplePerHour, or Upwork.
Network! Attend industry meetups (many are free for grads) and join relevant Slack groups.
Pitch yourself. Don’t be shy—reach out to companies directly with a friendly, tailored intro.
5. Make Your First Contract Count
When you land your first gig, read every contract carefully. If you’re unsure, the IPSE (Association of Independent Professionals and the Self-Employed) offers affordable contract reviews.
Common Hiccups and How to Handle Them
Not getting replies?
Tweak your portfolio, ask for feedback, and keep applying. It can take time.
Confused by taxes?
HMRC offers webinars for new contractors. Or buddy up with a fellow freelancer.
Feeling isolated?
Find a community! Online forums and local co-working spaces are gold mines for support and friendship.
Remember: Every contractor feels uncertain at first. It’s all part of the journey.
Wrapping Up: Your Next Steps
Becoming a contractor right out of uni isn’t just possible—it can be empowering and fun. Here’s what you can do next:
List your top three skills and research their demand.
Decide on sole trader or limited company.
Register and set up your admin.
Build your online presence.
Start applying, pitching, and networking.
Take it one step at a time. Before you know it, you’ll have your first client—and who knows where that will lead? The contracting world is wide open, and your journey is just beginning. Good luck!
