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Old 10-05-2019, 11:45 AM   #1
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Default Help Finding a 20 Group for Scaling an Electrical Business from 7 to 8 Figures

Hi every! This is my first post.

I’m having trouble finding a 20 group/ business development group that focuses on scaling electrical contracting businesses. I’m looking for a group that includes members who own or operate 8 figure electrical contracting businesses. A type of group that meets up a couple times a year to give advise to one another and talk about how to scale to the next level.

My cousin owns a couple dealerships he joined a 20 group for other dealerships about 2 years ago. He said that the information he receives when the group gets together is invaluable, and leads to him making changes in his business that creates thousands of dollars in extra income and profit. He said, and i agree with, there’s no substation for getting advise from people who have been where you are, but are now 10 times bigger than you/ are where you want to be.... that’s the type of people I’d like to connect with and be in a group with

My background: I’m A 27 yr old electrical contracting business owner/ operator employing 24 people
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Old 10-05-2019, 09:58 PM   #2
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I believe you need to identify your customer before you build a business.
You need to have a solid banking relationship
A leasing resource
Bonding capacity
Access to labor

I’ve seen this volume potential in institutional and industrial projects.

The big caution is to build during a bullish economy and have the ability to ride out a recession within those sectors.

You also need to pick up assets that will provide a base income for your business.

Best wishes
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Old 10-06-2019, 05:06 AM   #3
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Ten Million Dollars,...



IBTL
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Old 10-06-2019, 06:22 AM   #4
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Quote:
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ten million dollars,...



Ibtl
sold!!
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Old 10-06-2019, 07:14 AM   #5
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I had to google...

https://www.dealpack.com/what-is-a-20-group/

So maybe the term 20-group is more common with car dealerships.

OK I'll bite, I am going to give the OP the benefit of the doubt and not assume this is just lead up to a pitch selling 20-groups for electrical contractors.

This forum is the closest thing I've come across to such a group, I've learned a good deal here.

I don't see this kind of club or group forming in my small market. A fair number of the prospective members won't participate in non billable activity that doesn't involve beer and / or a barbeque. The remainder at best don't trust each other and at worst exchange gunfire on sight.
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Old 10-06-2019, 08:53 PM   #6
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Quote:
Originally Posted by splatz View Post
I had to google...

https://www.dealpack.com/what-is-a-20-group/

So maybe the term 20-group is more common with car dealerships.

OK I'll bite, I am going to give the OP the benefit of the doubt and not assume this is just lead up to a pitch selling 20-groups for electrical contractors.

This forum is the closest thing I've come across to such a group, I've learned a good deal here.

I don't see this kind of club or group forming in my small market. A fair number of the prospective members won't participate in non billable activity that doesn't involve beer and / or a barbeque. The remainder at best don't trust each other and at worst exchange gunfire on sight.
Awesome, love it, tell it like it is...
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