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

Texas Electricians- The End is Near- How to Avoid Getting Lost in the Shuffle

How to Avoid Getting Lost in the Shuffle If you haven't heard that the end of the 2011 NEC Exams is coming up, then you've been living under a rock or working way too hard. That's right guys, if you have applied to take your exam but have not yet passed or even taken the exam, you have a deadline.  As of September 1, 2014, the TDLR will only accept and recognize the 2014 version of the  National Electrical Code ®  on the field and in the testing site.  The exam will be based on the 2014 version of the book, you will still be allowed to bring in your 2011 but we do not recommend that.  If you already have your 2014, you must have already noticed that there a great deal of updates on the code.  Your first clue should be the number of pages, the book has gotten BIGGER! We have the last few seminars already lined up, there is limited seating and I strongly recommend that you reserve a seat.  Alternatively, if you don't have time for a seminar and...
Post a Comment
Read more

Formulas to study for the electrical test

The formulas to study for the electrical test range from common knowledge (those you use on the field) to complicated.  Let’s go over the commonly needed formulas that you will need to use for the PSI electrical test. To download our Electrical Formulas Cheat Sheet, click here . Includes motor calculation steps, box fill, ranges, transformers, conduit fill, PIE, EIR, and more! If your testing center allows short notes in the code book, write these formulas down. This way you don’t have to try to remember them during the test. Check your test provider’s website to see if they allow short notes in the book. For those who are not allowed to have written notes in the book, make yourself some flash cards and memorize these formulas. Formulas to Study for the Electrical Exam PEMDAS Even though PEMDAS is not an electrical formula, you must remember your order of operations. Don’t go through the trouble for learning these fo...
Post a Comment
Read more

Article 690.47: Grounding Electrode System

This Article is extracted from Mike Holt’s  Illustrated Guide to Understanding NEC® Requirements for Solar Photovoltaic Systems. Understanding NEC Requirements for Solar Photovoltaic Systems, Based on the 2011 NEC Click here to buy a copy or read more about it.       *Please note in the follwing extraction that  blue underlined text  indicates a 2014 NEC change. Section 690.47 – Grounding Electrode System (A) Alternating-Current PV System Grounding Requirements.  For ac PV systems, a grounding electrode system must be provided in accordance with 250.50 through 250.60, with the ac grounding electrode conductor installed in accordance with 250.64. Figure 690–109 Figure 690–109 (B) Direct-Current PV System Grounding Requirements.  For dc PV systems, a grounding electrode system in accordance with 250.166 for grounded systems, or 250.169 for unground...
Post a Comment
Read more