Electrogrunt
Member
- Location
- Oakland,CA
Hi, I would like to know what electricians active in contracting have for advice, to others who may try this business. What is your advice? Thanks for any comments.
This has been covered several times but here is a few.
Take a Business class. Our Community Colleges offer night classes or used to.
Join area associations and participate. Electrical or otherwise.
Charge enough to make enough.
You won't get all the jobs...you don't want them all anyway.
Pay your bills.
Expect to work more hours than an employee, but realize that as you grow you cannot be all or do all so hire those that can help.
Eventually comes the realization of what do I need to do to remain in business?Starting a contracting business is easy. Just go out and do work and collect big checks.
cash bigger checksEventually comes the realization of what do I need to do to remain in business?
Hi, I would like to know what electricians active in contracting have for advice, to others who may try this business. What is your advice? Thanks for any comments.
Hi, I would like to know what electricians active in contracting have for advice, to others who may try this business. What is your advice? Thanks for any comments.
Bonus:lol::lol::lol:Don't grow too fast. Make a budget, stick to it; include your plan to grow--I would not expand more than 15% a year gross. No bonuses for first three years.
I would say this. All new businesses are risky. Only a few survive a year, and very few make it to 5 years. Even in good times.
Stack the deck in your favor as much as you can by preparing for it ahead of time.
Expect to work 80 hours a week for 40 hours pay for a few years. Some weeks or months your 80 hours will be for 0 hours of pay.
Hi, I would like to know what electricians active in contracting have for advice, to others who may try this business. What is your advice? Thanks for any comments.