Electrical Contractor Business Ideas

I would like to share with you some electrical contractor business ideas.

I will be sharing some ideas that you may want to think about if you are currently in business as an electrical contractor. Or if you plan on going into business in the future. Electrical contractor business ideas are just that, ideas.

But what about the electrical contractors that have followed proven methods for profitability, time freedom, and business systems. We could say that those business principles are ideas. But at some point when company after company after company create success, with those business systems. Those ideas become solid business principles that are proven to work time and time again.

I would like to go over some of those electrical business principles with you. Here I will list in bullet points some of the electrical contractor business ideas that I will be going over.

I wish I could just write one article and cover all of the basis that you need in order to have a solid foundation for your electrical business. I will list out the items I will cover. Check back often, as I will go through each one step by step.

I already know that almost everyone reading this, that owns an electrical contracting business will want to know what are the secrets to marketing.

How do I get the phone to ring?
How to get more jobs?
How do I find the best electricians?
How do I make higher profits?
How do I control labor and material cost?
How do I market correctly to increase my call volume during the slow time?
What is the silver bullet? Just give me the silver bullet.

These are all very good questions, and I will answer all of them. But what a lot of electrical contractors don’t understand or simply refuse to address is that it’s what you do that makes all of those things happen in your business.

So if you are someone who thinks that you can skip the small stuff, bypass the systems, ignore business numbers and systems then reading this is not for you.

But if you are tired of –
Feeling like you’re going in circles.
Tired of not having time to do much of anything outside of your business life.
Tired of not making the profits you know you should.
Tired of feeling like you are all alone in getting your business to that next level.
Tired of having huge gross profits, but small net profit.

Tired of being the marketer, book-keeper, electrician, call taker, etc etc.

Then read below and let me walk you through the first part of the system that has worked for so many other electrical companies.

Electrical contractor business ideas

Here are the subjects we will be training on and going over, in no specific order.

Marketing plan specifically for electrical businesses.
Understanding, tracking, and using your business numbers. (The 11 numbers you must know.)
Examining the health of your business as it is today. (The 20 vital statistics.)
How to increase profit in your business.
How to get more business because of your price increase. (I know that one sounds crazy.) Just wait!
Planning for growth
having a specific business plan that goes from where you are to where you want to be.
Managing employees.
Proper steps to go from a 1 man shop to 10 and maintain a very high profitability.
Daily performance reports
Developing a training plan.
Analyzing how your local market thinks about your business and what you offer.
Developing operational excellence.
Developing an exit strategy to sell or hand over your successful operation.
And much more…

Today I would like to start by asking you. When was the last time you sat down and seriously thought about what you want your electrical business to look like? And how much would you like to make in pure profit 5 years from now.

This is where I like to start, because I’m sure we all know of those electrical contractor business ideas or plans that went something like this.

They started their business 25-30 years ago. They are still working out in the field. They have to be there every day and are tired of dealing with putting out fires all day. Their bank account goes up and down just like their call volume does. They have very little or no retirement and drive a service truck that doubles as their personal vehicle. They have no idea who will buy the business after all those years of hard work and dedication, because without them the company will fold.

I could go on but the point is that regardless of where you are at today, you will only get to where you want to go if you know exactly where you want to be.

I will get to the meat like marketing etc, in another article but for now just take some time, sit down and think about how much money you would like to make. Is it 200,000 in pure profit? maybe it’s 1million in profit. What do you want to make? Write that number down.

Next think about how often you would like to come in to the office 2 hours per day, 1 time per week, 1 time per month, one time every 3 months. Even if you are there 12 hours per day now. Even if your current office is your home. It does not matter. just picture what and where you want it to be. Write down how much time you would like to spend working in the business.

If you do or don’t have a commercial office location, then what will that office look like? NOTE!!! on the office. Most electrical business owners do not see their business office as an asset. The electrical business will pay off this commercial property and you will be able to sell it at a profit when that time comes. Some people split up the building and rent out multiple commercial units for long term income month after month. Write down what that office building will look like.

Think about how well your business is running with systems. Even if you are currently are a 1 man shop. Think about and picture your electricians coming in the morning. How well the operations manager gets them in and out. how well the president that you put in place to do your task runs the company. think about how you can pull up any data that you want about your business numbers and operation on the internet from anywhere in the world. Write out exactly how your business flows and operates like a well oiled machine.

Now that you have a thought about how you want your company to operate and have your 5 year goals written out in detail. We can move on to the next subject. In my next article I will be discussing if you should go up in price and the common misconceptions that are associated with your product and service pricing.

“Taking your electrical business to profit ( on the fast track)”

P.S. If there are any specific areas of your electrical business that you need assistance with feel free to call or email me, and of course it will be (on the house.)

Take the business questionnaire click here.

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Forex Education Tips – 5 Steps to Successful Forex Trading

Close to 95% of all Forex traders will lose money. We’re not just talking about novices, either. Whether you trade Forex for a living, as a hobby or just for fun, odds are against your success. That’s a simply astonishing fact. However, the remaining 5% of Forex traders somehow manage to break even and there are those lucky few that actually make money in the currency market – consistently!Like the TV show says … “How’d they do that, anyway?”That’s the million dollar questions, isn’t it? Countless books, seminars and expos have been hosted to answer this very question. That sad fact is that thousands of books have been written and countless seminars and interviews have been conducted in an attempt to answer the magic questions. The reality of the situation is that there is no magic formula; no one single Holy Grail of Forex trading.So what do the successful traders do that the rest of us have simple not comprehended. They have mastered a process of winning where they combine and customize several factor to produce consistent results. They have mastered the Process of Trading.The Process of Trading is:Strategy > Money Management > Self-MasteryHere are some simple Forex Education tips to help you master the process of forex trading:Success Tip #1 – You’ve Got To Have a PlanYou must have a written business plan that will detail all aspects of your trading. When are you going to trade, how much to risk, strategies for entries and exits are just o name a few. To become a consistent (profitable) Forex trader you have to plan your trade sand trade your plan.

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Simplicity rules! Don’t make this plan too complicated. One sheet of paper for you mission statement and another for your trading plan should suffice. Anything more is probably too complicated.Success Tip #2 – Focus on Your Personal PsychologyKnowing yourself will allow you to master the discipline necessary to execute high quality trades with solid money management techniques. Lack of discipline is fatal in Forex trading. Go on a personal journey to identify you attitudes towards risk and money. Get intimate with your strengths and weaknesses as a trader and build in to your trading plan strategies to minimize those weaknesses and maximize your strengths.Different personalities lend to different trading styles. Get familiar with all the different styles and over time you will begin to gravitate towards one particular style. Don’t fight the urge like I did. I insisted I was a day trader, but had only limited results. I found my winning percentages were much higher when I entered swing trades. Guess what’s my bread and butter strategy now!Success Tip #3 – Be Realistic About Your ExpectationsThis is a hard one, I know! I am on the internet every day and the amount of advertising is staggering. Brokers are offering free education (fox in the hen house if you ask me), forums of all different trading styles and points of view. Gurus pushing their system as “the one” that will make you the big bucks. How do you get through all that noise?Let me tell you loud and clear right now – everyone is right and everyone is wrong. You have to make a personal commitment to become a successful trader, find a trading style that works for you and expect a slow and steady approach to wealth building through Forex.What works for me may not work for you. Expect to go through an exploratory period where you are learning and at the same time exploring yourself as a trader. Keep an open mind and don’t pay attention to all the noise out there.Success Tip #4 – Exercise PatienceRome was not built in a day and neither will your trading account. In fact, I tell all of my students that while they are studying to become successful Forex traders they should not look solely at their account balance as an indication of success or failure.By tracking and increasing your percentage of high quality trades you execute is a far better barometer of your progress than your account balance. Cause and effect rule here. Over time when you increase your probabilities through the execution of high quality trades your account balance will respond accordingly.Keep the focus on the process and with time your results will blow your mind.Success Tip #5 – Money Management Is Top PriorityI would rather have a shaky strategy and excellent money management techniques than the other way around. This topic warrants its own blog post to do it justice. Limited your exposure (read “risk”) allows for you to stay in the game and allow the laws of probability to work.

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Let’s take a casino for example. They need gamblers to frequent their slot machines to make money. Why? They have a game that has a greater than 50% chance of making money for the house. The more people that play the slots, the greater the casino’s profits.The casino controls risk by payout tables (always favoring the house!) and increases their probabilities by keeping gamblers at the slot machines (read “free drinks”). As a trader you must limit your risk by committing only 1% – 3% of available capital to a single trade. When you execute enough trades with a high probability strategy you too can clean up like the casinos – but only by staying in the game long term.In conclusion, Forex trading is not easy. It’s hard work and will test the limits of your patience and perseverance. If anyone tells you otherwise .., buyers beware! It can be a very rewarding and profitable venture if done correctly. In the end it is a profession that requires a learning curve and practical experience, no different than an airline pilot or engineer. Understanding how to approach and learn this game will allow you to reap all the benefits advertised. It is your Forex Education that you will master the Process of Forex Trading.

The Energy Healing Power of Natural Medicine

Natural medicine is a system that uses a variety of therapeutic or preventive health care practices such as homeopathy, naturopathy, chiropractic, and herbal medicine. Alternative medicine is also known as traditional, naturopathic, natural or holistic medicine. Proponents of alternative medicine are not refuting the validity of discoveries in and the practical uses of conventional medicine, but are merely trying to put some things into perspective. Due to the widespread interest in natural medicine along with the disappointment and disenchantment with Western medicine, many people, especially in the United States and Europe, where conventional medicine has taken a dominant foothold, are seeking the advice and treatment from naturopathic physicians. These practitioners include herbalists, acupuncturists, naturopaths, chiropractors, and others, who advocate preventative health measures as well as recommend wholesome foods and nutritional supplements for their patients and clients. Considering the growing popularity and effectiveness of alternative health treatments and products, certified and licensed professional practitioners of such medical practices should be given their rightful and respectful place in medical society. Natural medicine has been proven not only to be safe, but more effective than Western medicine in treating many chronic illnesses such as diabetes, hypertension, asthma and many other diseases as well

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The history of Natural Medicine and its roots can be traced back thousands of years to ancient cultures such as India and China. Ayurvedic (E. Indian) and Chinese medicine, along with their diagnostic and herbal systems, are still used in these countries extensively, as well as in the United States, especially in Europe, where alternative medicine is well respected. Chinese herbal medicine has a documented history of over 2500 years in China, and is now widely used by practitioners all over the world. It has been legally practiced in the United States. since the mid seventies by licensed acupuncturists. Homeopathy is also a well-known form of alternative medicine discovered in the 18th century by German physician Samuel Hahnemann, but was practically stamped out in the U.S. in the late nineteenth century by the American Medical Association. In 1938, though, the U.S. Food, Drug, and Cosmetic Act finally recognized homeopathic pharmacopoeia as the legal equivalent of allopathic medicine.Another more contemporary and popular form of herbal medicine, called Western herbalism, can be traced back about two hundred years in America. Samuel Thomson, born in 1769, is considered the father of Western herbalism. He discovered over sixty different medically effective native plants by clinical testing, and on the basis of these findings, devised a theory of disease and botanical drug action. Randy Kidu, D.V.M., Ph.D., writes in his articled entitled A Brief History of Alternative Medicine: “The history of herbal medicine is interesting because herbs have been a part of our diet and pharmacy since man began roaming the earth. Coprophytic evidence (seeds and other plant part(found in preserved fecal pellets) points to herbal use by cavemen. Early herbalists practiced their trade since before recorded history in all parts of the world including China, Egypt, Greece, Rome, Africa, England, the Americas, and Europe. Many herbs are also mentioned in the Bible. Today, based on sheer numbers of folks who use one form of herbal medicine or another, it remains the most-used medicine worldwide.”Twenty-five hundred years after the advent of allopathic medicine, modern medicine is still grappling with the idea that herbal medicine could be an effective treatment, and not just quackery, although thousands of years of recorded history has proved its efficacy. A new model of understanding in medicine needs to be incorporated into the existing allopathic model. Because of the growing popularity and effectiveness of natural medicine, practitioners may eventually be given their deserved place in medical society. The incorporation of natural medical practices into the existing model of conventional Western medicine, including the training of new medical doctors, is now called Complimentary Medicine. In order to solve our health problems, this modern paradigm for treatment in medicine must be promoted. This can only truly emerge when bias, self-interest, greed and discrimination is discarded and diverse medical knowledge is promoted and shared, not only between university trained scientists and medical doctors, but among Alternative Medicine practitioners, philosophers, metaphysicians, and other intelligentsia of society as well.

Skip The Lines – Bring The Amusement Park Right To Your Own Back Yard

There’s no shortage of things to do in Atlanta. From professional sports to amusement parks, there’s something for everyone. In fact, Atlanta is proud to house some of the nations largest amusement attractions, including the ever popular Six Flags Over Georgia. Children (and adults) love the thrill and adrenaline rush of the large roller coasters. However, one thing most people don’t like about amusement parks is the long lines. By the time it’s all said and done, you can spend several hundred dollars for your family to have an afternoon of fun, and only get a few rides in. This year, instead of spending the day waiting in long lines for short rides, why not bring the fun right to your back yard? With today’s technology, you can literally do just that! One of the advantages of living in a large city like Atlanta is that we have large rental companies that can make your special event feel just like a trip to Six Flags… complete with a train and an ice cream cart!

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If you’re trying to replicate the amusement park feel, there are definitely specific items that you’ll want to be on the lookout for. As mentioned previously, ice cream carts and trackless trains help make the special event feel more like a day at Six Flags.In order to make your next special event more special, try some of the following tips:

Head online to do some research on the party rental company that has the selection your looking for. If you want an ice cream cart to complete your theme park adventure, look around until you find what you’re looking for.

Don’t settle for the first website you see. There are literally hundreds of inflatable party rental companies in Atlanta. Keep looking for a website that offers a wide variety of rental items that you’re looking for.

It’s better to rent everything from one company. Renting in bulk can help you save money. Larger companies will offer discounts for larger purchases of multiple units and rental items.

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Having a day of amusement park fun is cheaper and easier than ever before. By bringing the amusement park to your front door by using a party rental industry, you can include more people at a lower price. So next time you’re planning a special day, instead of spending tons of money for just a few people and braving the long lines of amusement parks, invite the whole neighborhood and bring the amusement park right to your own back yard!