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Hire Qualified Employees. Customers want to know your firm can provide a safe, reliable, quality service. Obtain Licenses and Permits. In most states, you will need an electrical contractor license. Set Up Operations. Identify Target Markets. Market Your Services.
Write a business plan. Decide whether to work as a sole trader or limited company. Get insurance. Register with a competent person scheme. Find good suppliers. Buy tools and equipment. Build your brand. Market to potential clients.
If you are a qualified electrician with plenty of work experience under your belt and like the idea of being your own boss, then setting up your own electrical contracting business could be ideal. Build your brand. Choose good suppliers. Protect your business. Clients, clients, clients.
It can be hard starting a business on your own. That's why if you want to run an electrical business with additional support, you can consider opening a franchise. With a franchise, you're starting with an established brand and business model.
Salary by Industry Electrical contractors who teach or work in business and computer schools earned the highest pay at $79,250 per year, according to the BLS. They earned the second-highest incomes in the natural gas distribution industry at $75,030 annually.
Keep your target customer close. Keep your existing customers closer. Own your online presence. Generate, and respond to, online reviews. Be seen in person, online, and in print.
The average Salary for Owner Electricians is $95,709 per year.
Electricians usually don't need to work nearly as hard as many of the other tradesmen. As a union electrician or getting on a 'prevailing wage' job can earn you even more money. Although you're certainly not going to get rich on electrician wages, but you will always be able to make a pretty nice living.
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