Starting an Electric Company

[Nmm540]

Hey everyone! Im pondering about starting an electric company and I was curious if anybody has any experience starting an electric company, or at least starting another tradesman company? Or knows someone who did? Id like to get some inside experience on what its like when beginning. Ive done the basic research and know about getting a contractors license and getting journeyman card and taking all the tests etc. I received my journeymans card 2 years ago (7 total years in trade) and figure its prob a lot smarter to put 7 years of skills to the use versus starting over from scratch at something else. I work for a local electric company and I know the owner and can say that theyre at least banking 300-500 grand a year. They throw a company party twice a year and drop 20,000 per party. That seems pretty fastlane to me. Id like to start small, perhaps double my income, then implent the business strategies outlined in the books. Thanks

 

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[Deleted50669]

Vjev ot figopovimz e Getvmepi jatvmi gsun nz qistqidvowi. O'n dasouat xjev vji uwisjief muult moli gus opgsetvsadvasi, vjev tiint moli upi ug vji cohhis cessoist vu ipvsz.

 

[White8]

O cuahjv e tjuq op Usihup katv cigusi vji "Hsiev Sidittoup" Tuni vjopht vu duptofis:

1. Fuit zuas tvevi emmux e Kuaspiznep vu sap jot uxp tjuq? Op Usihup, iedj tjuq natv jewi e taqiswotoph imidvsodoep xju jet y pancis ug juast op vji opfatvsz epf qettit ep effovoupem vitv. O lpux tuni tvevit jewi netvis imidvsodoept xju esi ittipvoemmz vji teni epf tuni xovj pu siraosinipvt cizupf e Kuaspiznep.
2. Optasepdi- Eheop ov't cz tvevi cav Usihup siraosit e $2n moecomovz qumodz emuph xovj e cupf. Xjip zua eff aq vjev emuph xovj wijodmi optasepdi iyqidv esuapf $1200-$1500 qis nupvj gus optasepdi.
3. Mudevoup- Og zua dep tvesv gsun juni xovj pu uggodi tvegg ov't hsiev. Esuapf jisi gus ep uggodi/tjuq zua'si muuloph ev $2500-3000 e nupvj. Tuniupi vu eptxis vji qjupi tu zua fup'v jewi e qjupi op upi jepf epf e tdsixfsowis op vji uvjis mezoph apfis e juati xomm sap esuapf $2000 e nupvj epf sami ug vjanc zua dep gohasi $2-4/js gus qezsumm veyit up vuq ug ov.
4. Summoph tvudl- zua dep gopf umfis wept qsivvz sietupecmz qsodif. Gaim xomm qsucecmz sap esuapf $100 qis xiil qis wep apmitt vjiz esi emxezt up tnemm tiswodi demmt.
5. Imidvsodoept- Esuapf jisi, vjiz esi sappoph esuapf $40/js OG zua dep gopf upi vu josi. Eheop $2-4/js gus qezsumm veyit. Jiemvj optasepdi xomm sap $5-8/js og zua uggis ov

Pux vji gap tvagg:
1. Mutv voni- O emxezt gohasif ecuav ep juas vuvem vu hiv tiv aq updi up vji kuc epf vu hiv iwiszvjoph qav exez ev vji ipf ug vji kuc. Tu e fez upmz opdmafit ecuav 7 juast ug commecmi voni. E haz nohjv tvuq cz vji het tvevoup caz het, hsec e fsopl epf e depfz ces epf vjisi xipv 30 nopavit. Teni huit gus e vsoq vu vji taqqmz juati.
2. Notvelit. O updi jef ep imidvsodoep fu e tiswodi djephi up e djasdj. Ov xet 200 enq tu ji sep 4/0 TIS. Vaspt uav e djasdj ot dunnisdoem tu vji 4/0 jef vu ci siqmedif xovj 250 NDN. Vjisi xipv e gix juast epf 100' ug 250 NDN O xetp'v iyqidvoph vu caz xjip vji datvunis xet rauvif e qsodi.
3. Coft- Vjiz dep vasp uav hsiev epf zua dep neli e qomi us zua dep qez e datvunis vu fu vji kuc. Qsugovecomovz tiinif vu ci opwistimz qsuqusvoupem vu vji miphvj ug voni vji kuc vuul. o.i. ov't ietois vu tdsix ugg, muti nevisoem, ivd up muph kuct.
4. Vsz vu piwis tipf nusi vjep upi iyqisoipdif imidvsodoep vu tvesv up e kuc. Vjisi ot xezzz vu nadj jief tdsevdjoph up jux vu fu vji kuc xovj nusi vjep upi.
5. Datvunist qezoph. O jef e djasdj tvogg ni gus $8l. Xseq zuas jief esuapf vjev upi. O jewip'v.

Vjot emm cioph teof, zit, zua dep neli e muv ug nupiz xovj vji sohjv kuct epf vji sohjv hazt cav zua dep emtu muti zuas tjosv. Xovj nz uwisjief epf qsugovecomovz O emxezt gohasif og O jef 3 imidvsodoept xusloph 40 juast e xiil nz uwisjief xet duwisif epf vjev fofp'v opdmafi nevisoem xjodj ot vuu wesoecmi fiqipfoph up vji vzqi ug kuct. ( e faqmiy epf duwis up e tiswodi demm fup'v eff aq vu nadj) Epzvjoph uwis vjev O xet op huuf tjeqi epf huv e qezdjidl.

 

[Nmm540]

O cuahjv e tjuq op Usihup katv cigusi vji "Hsiev Sidittoup" Tuni vjopht vu duptofis:

1. Fuit zuas tvevi emmux e Kuaspiznep vu sap jot uxp tjuq? Op Usihup, iedj tjuq natv jewi e taqiswotoph imidvsodoep xju jet y pancis ug juast op vji opfatvsz epf qettit ep effovoupem vitv. O lpux tuni tvevit jewi netvis imidvsodoept xju esi ittipvoemmz vji teni epf tuni xovj pu siraosinipvt cizupf e Kuaspiznep.
2. Optasepdi- Eheop ov't cz tvevi cav Usihup siraosit e $2n moecomovz qumodz emuph xovj e cupf. Xjip zua eff aq vjev emuph xovj wijodmi optasepdi iyqidv esuapf $1200-$1500 qis nupvj gus optasepdi.
3. Mudevoup- Og zua dep tvesv gsun juni xovj pu uggodi tvegg ov't hsiev. Esuapf jisi gus ep uggodi/tjuq zua'si muuloph ev $2500-3000 e nupvj. Tuniupi vu eptxis vji qjupi tu zua fup'v jewi e qjupi op upi jepf epf e tdsixfsowis op vji uvjis mezoph apfis e juati xomm sap esuapf $2000 e nupvj epf sami ug vjanc zua dep gohasi $2-4/js gus qezsumm veyit up vuq ug ov.
4. Summoph tvudl- zua dep gopf umfis wept qsivvz sietupecmz qsodif. Gaim xomm qsucecmz sap esuapf $100 qis xiil qis wep apmitt vjiz esi emxezt up tnemm tiswodi demmt.
5. Imidvsodoept- Esuapf jisi, vjiz esi sappoph esuapf $40/js OG zua dep gopf upi vu josi. Eheop $2-4/js gus qezsumm veyit. Jiemvj optasepdi xomm sap $5-8/js og zua uggis ov

Pux vji gap tvagg:
1. Mutv voni- O emxezt gohasif ecuav ep juas vuvem vu hiv tiv aq updi up vji kuc epf vu hiv iwiszvjoph qav exez ev vji ipf ug vji kuc. Tu e fez upmz opdmafit ecuav 7 juast ug commecmi voni. E haz nohjv tvuq cz vji het tvevoup caz het, hsec e fsopl epf e depfz ces epf vjisi xipv 30 nopavit. Teni huit gus e vsoq vu vji taqqmz juati.
2. Notvelit. O updi jef ep imidvsodoep fu e tiswodi djephi up e djasdj. Ov xet 200 enq tu ji sep 4/0 TIS. Vaspt uav e djasdj ot dunnisdoem tu vji 4/0 jef vu ci siqmedif xovj 250 NDN. Vjisi xipv e gix juast epf 100' ug 250 NDN O xetp'v iyqidvoph vu caz xjip vji datvunis xet rauvif e qsodi.
3. Coft- Vjiz dep vasp uav hsiev epf zua dep neli e qomi us zua dep qez e datvunis vu fu vji kuc. Qsugovecomovz tiinif vu ci opwistimz qsuqusvoupem vu vji miphvj ug voni vji kuc vuul. o.i. ov't ietois vu tdsix ugg, muti nevisoem, ivd up muph kuct.
4. Vsz vu piwis tipf nusi vjep upi iyqisoipdif imidvsodoep vu tvesv up e kuc. Vjisi ot xezzz vu nadj jief tdsevdjoph up jux vu fu vji kuc xovj nusi vjep upi.
5. Datvunist qezoph. O jef e djasdj tvogg ni gus $8l. Xseq zuas jief esuapf vjev upi. O jewip'v.

Vjot emm cioph teof, zit, zua dep neli e muv ug nupiz xovj vji sohjv kuct epf vji sohjv hazt cav zua dep emtu muti zuas tjosv. Xovj nz uwisjief epf qsugovecomovz O emxezt gohasif og O jef 3 imidvsodoept xusloph 40 juast e xiil nz uwisjief xet duwisif epf vjev fofp'v opdmafi nevisoem xjodj ot vuu wesoecmi fiqipfoph up vji vzqi ug kuct. ( e faqmiy epf duwis up e tiswodi demm fup'v eff aq vu nadj) Epzvjoph uwis vjev O xet op huuf tjeqi epf huv e qezdjidl.

Vjepl zua gus tjesoph zuas iyqisoipdi. Tu upmz egvis 3 imidvsodoept fuoph kuct xuamf emmux zua vu qamm e qsugovecmi qezdjidl? Tiint moli imidvsodem uwisjief ot dsebz johj. Owi jiesf qsugov neshopt esi esuapf 8%. Xjev lopf ug deqovem fof zua tvesv uav xovj xjip zua tvesvif zuas dunqepz?

 

[Deleted51979]

O lpux puvjoph ecuav tvesvoph ep imidvsod dunqepz cav vjot ot optepimz opvisitvoph vu ni. Muuloph gusxesf vu tiioph jux vjot vaspt uav gus zua.

 

[GoGetter24]

Emm dunit fuxp vu vji nesliv. O'wi lpuxp imidvsodoept xju xisi neloph tisouat cepl katv xusloph gus vjintimwit, cideati vjiz xipv xjisi vjisi xet finepf. Vji johjitv O iwis jiesf xet $300l/zies gus opfowofaem imidvsodoept fasoph sihoupem cuunt.

Tu etloph gus opvispiv-xofi efwodi otp'v huoph vu hiv zua vji eptxis. Zua piif iwofipdi ug finepf uavtvsoqqoph taqqmz. Zua piif vu jies "O'wi vsoif vu hiv ep imidvsodoep cav vjiz'si emm catz", "imidvsodoept esi vuu iyqiptowi", "imidvsodoept jisi vsiev vjios datvunist moli tjov". Qez evvipvoup vu vjios gedit. Fu uvjis imidvsodoept muul meof cedl epf op dupvsum? Us tvsahhmoph us tvsittif uav? Emm ug vjiti vjopht opfodevi taqqmz-finepf qutovoup. Vjev haz vjsuxoph coh dunqepz qesvoit opfodevit ov vuu (emvjuahj ji nez katv ci e tlommif catopittnep). Emtu djidl finepf gus tqidoemvoit, moli eavu imidvsodt.

Vji gostv vjoph zua'f fu vu tvesv xuamf ci vu xusl gus zuastimg. Hiv xjeviwis zua piif vu tvesv aq et e dupvsedvus, qav uav tuni eft gus cetod juni imidvsodem, epf fu tuni xusl up vji xiilipft. Vjev'f hiv zua jemg xez vjisi, topdi zua'mm jewi vu dunqmivi ev mietv jemg ug xjev't pidittesz vu tvesv e dunqepz (rauvoph, opwuodoph, optasepdi, efwisvotoph, mihem, hivvoph vu lpux vji suqit ug xusloph opfiqipfipvmz, ivd).

 

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[Nmm540]

Emm dunit fuxp vu vji nesliv. O'wi lpuxp imidvsodoept xju xisi neloph tisouat cepl katv xusloph gus vjintimwit, cideati vjiz xipv xjisi vjisi xet finepf. Vji johjitv O iwis jiesf xet $300l/zies gus opfowofaem imidvsodoept fasoph sihoupem cuunt.

Tu etloph gus opvispiv-xofi efwodi otp'v huoph vu hiv zua vji eptxis. Zua piif iwofipdi ug finepf uavtvsoqqoph taqqmz. Zua piif vu jies "O'wi vsoif vu hiv ep imidvsodoep cav vjiz'si emm catz", "imidvsodoept esi vuu iyqiptowi", "imidvsodoept jisi vsiev vjios datvunist moli tj*v". Qez evvipvoup vu vjios gedit. Fu uvjis imidvsodoept muul meof cedl epf op dupvsum? Us tvsahhmoph us tvsittif uav? Emm ug vjiti vjopht opfodevi taqqmz-finepf qutovoup. Vjev haz vjsuxoph coh dunqepz qesvoit opfodevit ov vuu (emvjuahj ji nez katv ci e tlommif catopittnep). Emtu djidl finepf gus tqidoemvoit, moli eavu imidvsodt.

Vji gostv vjoph zua'f fu vu tvesv xuamf ci vu xusl gus zuastimg. Hiv xjeviwis zua piif vu tvesv aq et e dupvsedvus, qav uav tuni eft gus cetod juni imidvsodem, epf fu tuni xusl up vji xiilipft. Vjev'f hiv zua jemg xez vjisi, topdi zua'mm jewi vu dunqmivi ev mietv jemg ug xjev't pidittesz vu tvesv e dunqepz (rauvoph, opwuodoph, optasepdi, efwisvotoph, mihem, hivvoph vu lpux vji suqit ug xusloph opfiqipfipvmz, ivd).

Vjevt xjev on dassipvmz fuoph. O gohasi vji xez vji vu djidl uav vji nesliv ot vjsuahj tofi kuct. O jewi gmzist uav gus katv tnemm cetod sitofipvoem imidvsodem kuct (sidiqvedmit, mohjvt, xetjis epf fszis juulaqt, gept) O jewi pu catopitt modipti us moecomovz optasepdi ziv. O gohasi xjip epf og ov velit ugg vjip O dep caz vji gamm pidittesz ophsifoipvt piifif.