Do You Have a Business Plan? - Electrician Talk - Professional Electrical Contractors Forum
CLICK HERE AND JOIN OUR COMMUNITY TODAY, IT'S FREE!
Go Back   Electrician Talk - Professional Electrical Contractors Forum > Electrical Forum > Featured Articles


Like Tree15Likes
  • 4 Post By just the cowboy
  • 1 Post By nrp3
  • 1 Post By brian john
  • 3 Post By telsa
  • 1 Post By nrp3
  • 4 Post By macmikeman
  • 1 Post By canbug
Reply
 
Thread Tools Display Modes
Old 03-19-2019, 11:51 AM   #1
Administrator
 
Cricket's Avatar
 
Join Date: Jan 2014
Location: Texas
Posts: 3,053
Rewards Points: 5,824
Default Do You Have a Business Plan?

Do You Have a Business Plan?-et-businessplan-lge.jpg

Quote:
When people think of business plans, they often think of large, lengthy documents full of flow charts, spreadsheets and phrases such as “our company mission is to <insert flowery speech and corp talk here>. This is often enough to scare a business owner away from even attempting to complete a plan on their own. Combine that with a business not wanting to pay someone else to write the plan, and you end up with a lot of businesses that are basically winging it. Why Electricians Need a Business Plan

Do you have a business plan? Is it formal or informal? Do you follow it?
__________________
"Show respect even to people who don’t deserve it, not as
a reflection of their character, but as a reflection of yours."
Cricket is offline   Reply With Quote
Join Contractor Talk

Join the #1 Electrician Forum Today - It's Totally Free!

ElectricianTalk.com - Are you a Professional Electrical Contractor? If so we invite you to join our community and see what it has to offer. Our site is specifically designed for you and it's the leading place for electricians to meet online. No homeowners asking DIY questions. Just fellow tradesmen who enjoy talking about their business, their trade, and anything else that comes up. No matter what your specialty is you'll find that ElectricianTalk.com is a great community to join. Best of all it's totally free!

Join ElectricianTalk.com - Click Here JOIN FOR FREE


Warning: The topics covered on this site include activities in which there exists the potential for serious injury or death. ElectricianTalk.com DOES NOT guarantee the accuracy or completeness of any information contained on this site. Always use proper safety precaution and reference reliable outside sources before attempting any construction or remodeling task!

Sponsored Links
Advertisement
 
Old 03-19-2019, 12:01 PM   #2
Senior Member
 
just the cowboy's Avatar
 
Join Date: Sep 2013
Location: Pa
Posts: 1,524
Rewards Points: 288
Default

Part of the small business coarse I took required us to write one. That said I went back one year later to do a review of it and saw it was BS that would of just wasted my time if it was not required by the class.


Mostly common business sense is what is needed.
__________________
A cowboy may get thrown down, but he always gets up and walks forward and don't look back at what thru him.
just the cowboy is offline   Reply With Quote
Old 03-19-2019, 03:30 PM   #3
Can't Remember
 
Join Date: Jan 2009
Location: New Hampshire
Posts: 8,801
Rewards Points: 570
Default

Winging it here. Not to make light of it or say that it isn't necessary either.
splatz likes this.
nrp3 is online now   Reply With Quote
Sponsored Links
Advertisement
 
Old 03-19-2019, 09:33 PM   #4
Senior Member
 
brian john's Avatar
 
Join Date: Mar 2007
Location: Gilbert's Corner VA
Posts: 29,704
Rewards Points: 1,184
Default

Never thought about a business plan, we went in business and worked our butts off, 34 years later that plan worked I assume by luck?
splatz likes this.
__________________
Ah, but I was so much older then, I'm younger than that now
brian john is online now   Reply With Quote
Old 03-19-2019, 10:01 PM   #5
Senior Member
 
Join Date: May 2015
Location: Sacramento, California
Posts: 13,494
Rewards Points: 25,238
Default

A Business Plan is used to raise money.

And...

That's it.

They always collide with reality
The_Modifier, splatz and MikeFL like this.
telsa is offline   Reply With Quote
Old 03-20-2019, 08:28 PM   #6
Can't sign em..forget em
 
lighterup's Avatar
 
Join Date: Jun 2013
Location: Ohio
Posts: 7,361
Rewards Points: 10,046
Default

I started my own business as a way to stop relying on getting
jobs from employers who lie their azzez off in a job interview.

That was the plan , anyway.
lighterup is offline   Reply With Quote
Old 03-20-2019, 08:46 PM   #7
Can't Remember
 
Join Date: Jan 2009
Location: New Hampshire
Posts: 8,801
Rewards Points: 570
Default

Now the trick is to avoid customers who lie about paying you.
Signal1 likes this.
nrp3 is online now   Reply With Quote
Old 03-21-2019, 12:33 AM   #8
Senile Member
 
macmikeman's Avatar
 
Join Date: Jan 2007
Location: Honolulu
Posts: 26,100
Rewards Points: 14,545
Default

My business Plan:
__________________
[inappropriate signature removed]
macmikeman is offline   Reply With Quote
Old 03-21-2019, 06:02 PM   #9
Can't sign em..forget em
 
lighterup's Avatar
 
Join Date: Jun 2013
Location: Ohio
Posts: 7,361
Rewards Points: 10,046
Default

Quote:
Originally Posted by nrp3 View Post
Now the trick is to avoid customers who lie about paying you.
done
lighterup is offline   Reply With Quote
Old 03-21-2019, 06:37 PM   #10
Can't Remember
 
Join Date: Jan 2009
Location: New Hampshire
Posts: 8,801
Rewards Points: 570
Default

Much of mine is repeat so fortunately it doesn't happen often.
nrp3 is online now   Reply With Quote
Old 03-22-2019, 05:11 AM   #11
Can't sign em..forget em
 
lighterup's Avatar
 
Join Date: Jun 2013
Location: Ohio
Posts: 7,361
Rewards Points: 10,046
Default

Quote:
Originally Posted by nrp3 View Post
Much of mine is repeat so fortunately it doesn't happen often.
After starting my small business one of the things I learned on the fly
was reading people. But some things just come with experience , you
just don't get from reading books.
lighterup is offline   Reply With Quote
Old 03-22-2019, 09:41 AM   #12
Senior Member
 
canbug's Avatar
 
Join Date: Dec 2015
Location: Just North of Calgary
Posts: 669
Rewards Points: 1,324
Default

I learned from my first go around at working for myself. It was fun but I didn't make my fortune.
Now I have a regular paycheck and when I work for myself, I progress bill or get 50% up front. Keeps my head above water and the wife happy.


Tim.
Bird dog likes this.
canbug is offline   Reply With Quote
Old 04-03-2019, 02:10 PM   #13
Russian Bot
 
Helmut's Avatar
 
Join Date: May 2014
Location: THE United States Of America
Posts: 3,269
Rewards Points: 3,846
Default

I have a plan, and as soon as the right 6 numbers get picked, I'm going to make it happen.
__________________
Alright, Alright, Alright... I'll tell you what to do. Go that way, reeeeeeeeeally fast. If something gets in your way......turn.
Helmut is online now   Reply With Quote
Old 04-08-2019, 05:59 PM   #14
Junior Member
 
Join Date: Dec 2017
Location: N.J.
Posts: 15
Rewards Points: 30
Default

Good luck with that. You and a million others are hoping they have the winning numbers.
crw16 is offline   Reply With Quote
Old 04-08-2019, 06:07 PM   #15
Junior Member
 
Join Date: Dec 2017
Location: N.J.
Posts: 15
Rewards Points: 30
Default

A business plan is a great idea. We follow blueprints to perform our craft. What's more important then planning and following a blueprint which may be life changing. Part of that plan should be retirement. As I just hit 60 I planned and practiced along the way. But now I realize that there are factors which influence and effect us. We age and slow down, 6 days a week in no longer possible. The economy plays a big part as well. Smaller returns on investments, market crashes etc. It is never too late to implement your retirement plan the earlier you begin the better chance you have a some day retiring. How is that for a business plan!!!
crw16 is offline   Reply With Quote
Old 04-08-2019, 06:07 PM   #16
Junior Member
 
Join Date: Dec 2017
Location: N.J.
Posts: 15
Rewards Points: 30
Default

Good luck with that. You and a million others are hoping they have the winning numbers.
crw16 is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What Are You Doing To Improve Your Business This Year? Cricket Featured Articles 0 01-09-2019 10:07 AM
Business Partnership NJ Contractor Business, Marketing, and Sales 28 11-14-2017 12:35 PM
Have You Changed Your Business Structure? Cricket Business, Marketing, and Sales 2 01-14-2016 07:31 PM


All times are GMT -4. The time now is 08:44 PM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.1
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.
User Alert System provided by Advanced User Tagging (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.
Our Pro Sites Network
ContractorTalk.com | DrywallTalk.com | HVACSite.com | PaintTalk.com | PlumbingZone.com | RoofingTalk.com