Skip to main content

#1 Priority for Contractor: Business Plans & Why You Need One

Business Plans & Why You Need One


Everyone in the business of business will ask, “If you were planning a road trip, would you travel without a map.”  The answer is often “No” (or so I hope).  If you are starting a business, would you start one without a plan?  Many people are intimidated by business plans and instead look away and start without one anyway.  There are agencies that offer business plan writing for those people and although it is a great way to have a professional plan created, it will do you no good if you do not know your business plan inside and out. 

A business plan isn't just a few sentences explaining what your business is about.  It’s a great tool to refer to when putting together your marketing campaign.  It’s also great when looking for a loan or investors. 

Don’t be overwhelmed, hire someone to do it and learn it, or do it yourself but take it one step at time.  A business plan will also make you see things laid out in front of you and help you determine if your business idea to open an electrical company inspired by "The Flash" is a great idea after all.

     DO NOT start a business without a business plan. Even if you do hire someone to write it for you, look over a business plan outline to familiarize yourself with what sections will be included in the plan. Also, once you finish and read your plan, you will become inspired to start your business strong.

It is never too late to write out a business plans.  If you have been in business for a while, you can write out a plan now that you know what to expect.

     You don’t have to be excruciatingly detailed in your plan.  Start small then embellish.  Your main goal is to get started and plug in information in the correct areas for now.  My favorite website for writing business plans is www.SBA.gov.  (completely free).  


We also have a downloadable file for only $5 with step by step instructions as to what to include in your plan. This detailed business plan will be available to download immediately after check-out.
Questions? Comments? Do you have a business plan writer to recommend?  Leave a comment, like, +1, etc.

Need a creative and talented business plan writer?  Message me to connect you with a trusted partner.

Cheers to your success!
Nancy Valdez
Texas Electrical Excel


Comments

Post a Comment

Popular posts from this blog

NEC Code Test Prep 2020 Update & Free Download

Welcome to the year 2020!  Well, for us in TX we are still in the year 2017. That means that if you are going to take your electrical exam, you will be testing out of the 2017 NEC code book. TDLR is adopting the 2020 NEC code by September 1st.  As of September 1st, the PSI exam for the electrical license will be based on that code. You can take your exam now until August under the 2017 code but after that, you will need to update to the new code. If you have already been approved to take the exam, you should really get on the ball and start studying now. 3 Routes to prepare for the NEC Code Test Prep Consider these options for preparing for the electrical exam.  What route you take depends on how you retain information best, your budget and your time frame. If you are in the Texas area and have at least a month to study, come to the 2 day seminar.  This seminar is specifically for the Texas electrical exam.  This NEC code test prep course ...
Post a Comment
Read more

Texas PSI Exam - Important Articles of the Code Book Ch 2

Get to know chapter two for the Texas PSI test. This excerpt is from our article at ElectricalExcel.com .  This material is presented in the Texas PSI Exam Prep Seminars.  Click here to learn more about the seminars. Texas PSI Exam Prep - Chapter 2 Review There are some sections of chapter two that you will see in the exam.  You’ll also have some smaller sections that we are not going to focus on today since they account for less than two questions out of 100. You’ll see these in the test, so write this down. Here are the most important Articles in Chapter 2: *210...Branch Circuit Rules & Requirements. - You'll also find the rules for GFCI installation, your arc fault rules and requirements. *215...Feeders.  *220...Calculations . - This article is specific calculations. The test is very heavy on article 220. You've got to know article 220 very well.  In the seminar we go through it a lot.  You’ll leave the seminar with 220 oozing out of your ears....
Post a Comment
Read more

7 Tips to Pass the PSI Test in Texas | Electrical Exam Prep

Here are some prep tips you can look over this week.  Please take a moment to look over the material on our website.  Let us know if there is anything you want us to cover! For in-depth material, check out our seminars in Texas .  Classes are extra small to comply with COVID-19, so register fast to hold your seat. Tip #1  The test is based on the current NEC. 🚩Allowed: -to bring a standard printed NEC (not a hard-cover) -small notes written in pen -to tab your book with NEC tabs 🚩Not Allowed: -Hardcover NEC -Small printed items tucked in the book, -Stapled items to any pages in the book, -large paragraphs of information or calculations in the book. Tip #2 Questions in the Exam When you go take the exam, one of the first objectives is to scan the test for all time wasting questions designed to confuse you. Tip #3 Don’t Freak Out When you are sitting in for the electrical test you will see other people walking out of the test room sooner than...
Post a Comment
Read more