Electrician Business Plan

You may wish to operate your business from home, but check local zoning requirements before setting up operations.Contact real estate agents to buy or rent commercial premises with the space to accommodate an office area and storage for supplies and equipment.

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Traditional power and lighting projects remain the main source of income for the majority of contractors.

However, contractors are diversifying into other areas of work, such as home or industrial automation, green energy and communication systems, according to the 2012 Profile of the Electrical Contractor survey.

It might sound a bit airy fairy, but at the end of the day, a personal understanding of what’s motivating you to kick-start your entrepreneurial journey will create a strong foundation on which to build your business. 1 Training and qualifications The absolute first step is to obtain education and training from a certified trade school or apprenticeship programme.

No matter how ‘gung ho’ you are at changing lightbulbs, official certification is essential.

To start a company, you must have the skills, experience and licenses to handle a wide range of electrical installation, upgrading and maintenance projects for residential and commercial customers, plus the ability to manage a business.

Customers want to know your firm can provide a safe, reliable, quality service.

You’ve aced your apprenticeship, you’re got bucket loads of experience under your belt and now, you’re ready to take the next step – setting up your own electrical business.

Navigating the path to entrepreneurship isn’t always easy, but the payoffs are sweet.

When hiring electricians, look for employees with the qualifications to deliver that level of service.

Electrical Contractor’s 2012 Profile of the Electrical Contractor notes that employees in smaller firms are more likely to have apprenticeship, trade or vocational school training, compared to larger firms where technology changes are driving employers to hire employees with higher qualifications.