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Old 08-29-2017, 04:39 PM   #41
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Originally Posted by 220/221 View Post
That is the easy way. All you need is your hand tools, experience, a good work ethic and a charming personality

Aslo, be prepared for the unexpected.

My business was going GREAT. Every year showed a steady increase and the graph looked perfect with no crazy swings up or down. Then in 2007 (maybe 08), revenue dropped almost in half in a matter of 3 months.

**** hit the fan everywhere. Homeowners stopped spending money, businesses started cuting wherever they could to stay afloat. It was almost back to square one and it stayed at rock bottom for about 3 years. We survived but it took another 4 years of sacrifice to claw our way back to where we were.
Lotta biz's went chapter whatever then.

Those where my glory days , threw out 'go away bid#'s', and they'd ask me when i could start

These days i'm competing for reno's with 4-5 other EC's

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Old 08-29-2017, 06:12 PM   #42
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Originally Posted by active1 View Post
First step is to get the master electrician application and instruction from the KY dept of housing, building, and housing (available online).
Submit the app, and if you qualify take & pass the master exam.
Get your state or local business license and set up with different gov offices that may apply like unemployment, workers comp, IRS tax number, etc..
Get your insurance and bond, pay your license fees and get your license ($300 master & contractor).
Set up business bank account, phone number, etc.
Hire bookkeeper / accountant.
Might have to register with each city, I don't know KY that well.

That's just to open the doors legally. Lot of unpaid work and start up costs in the beginning. Don't expect to make much of an income for a few years.
The rest depends on how much you understand sales, advertising, business, pricing, estimating, customer relations, scheduling, and project management. The longer it takes you to lean the above the longer it will take to earn any real money, if ever.

Yeah there's a lot to it. This is just long run talk I gotta get my masters before I can start anything.....I've heard or people buying masters cards and using that as a way to start up till they get there own. Basically paying the master electrician so much so have them on there payroll

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