How to start an Electrical / Electrician Business
Thinking about starting your own electrical business?
To help we've written a down-to-earth guide for electricians to start their own business. It's an easy to read guide that covers everything you need to know.
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Starting your own electrician business is an adventure
Starting your own business is exciting.
Firstly, it’s really appealing to be your own boss. You may make mistakes, but they’re your own mistakes. You have flexibility over hours and holidays. You can even choose which customers you take on and which you leave out. And to cap it all there’s potential to make more money than working for The Man.
The good news is that with all the government emphasis on going to university, coupled with a neglect for training people to work in field trades, there always seems to be a shortage of skilled people, electricians included.
As the electrical training company, TradeSkills4u put it:
“It's no secret that the construction sector in the UK has been in the grips of a prolonged skills shortage in recent years”.
It’s even been called a crisis. That creates opportunity.
But taking the first step is daunting. If that’s how you feel, you’re in the right place. This guide will guide you through the issues you need to consider.
Our getting started guide covers:
- How to set up your electrician company, including the different types of business set up
- How to motivate yourself and satisfy customers
- Business insurance
- How to handle competitors
- Accounting for electricians, including accounting packages
- The costs of starting your electrical contracting business
- Managing your suppliers
- How to price for your electrical work
- Additional tips and tricks
- How to manage paperwork such as invoices, quotes and job sheets
- Why Field Service Software and Job Management Software is important
- How to manage your staff, both contract and admin and office staff