Business Ideas: Your Plan and Business Actions

Have you ever wondered how you get your business ideas, and plans, into action and make progress with your dream business?

Your business ideas need clarity in what you want and where you are going.

I think we’d all love to wake up in the morning feeling invigorated and excited to greet the day because we have a business that is fulfilling and adds meaning to the lives of others, as we help solve their problems.

Begin today, write down your business ideas…

Where is this journey taking you? Your business ideas can take you on a fun adventure – when you know where you want to go and know the steps you need to put into place to get there.

  • Having vision and a mission for your business to use in setting your goals and objectives – will help you keep clear and focused.

Successful people understand the importance of planning in their lives. If I were driving from Texas to California, I would need to have a strategy – a plan.

This is how I used to think, ‘Well, of course, that makes sense, I know what my plan and goals are for my business ideas – I don’t need the tasks of writing this down! It just uses up time and feels like I am procrastinating in getting started on the real work.’

  • I was procrastinating by not writing out my business vision, plan and goals!

I often hear – “I want a better life!”

Great, what do you do next?

  • According to Lee Iacocca, the former President of Ford Motor Corporation and Chairman of Chrysler Corporation, “The discipline of writing something down is the first step toward making it happen.”

Support your vision, and your business ideas, and make a plan on what you want to bring into your business (and life). Write it down and stay focused on your end goal (your vision) at all times.

  • Don’t have time, or even the mental energy to do this? So…

How do you free up your time and move forward?

Put your business ideas into a strategy, and then into action. When you write a business plan, it is enlightening and brings clarity to your thoughts on paper. And, your written plan is a guide to refer back to, often.

  • You will get your direction and focus on where your business is heading and where you want to go with your business.
  • Based on your plan, you can take small action steps to get clearer, and get focused on what to do next.
  • You will be able to create a business plan that is truly aligned with who you are.
  • You will start to understand how you can make a bigger difference in the world with your gifts.

So what are your business ideas, your business plan?

You really don’t need to feel overwhelmed.

Your strategies will form and the tactics will come from your vision and your plan, as you get clear. Writing out your business ideas, your vision, and your plan to make it happen will help you get clarity..

You will grow and understand where to focus your energy to maximize your results – and learn what you can clear off your plate so you are moving towards your dream business.

Electrical Contractor Business Ideas

I would like to share with you some electrical contractor business ideas.

I will be sharing some ideas that you may want to think about if you are currently in business as an electrical contractor. Or if you plan on going into business in the future. Electrical contractor business ideas are just that, ideas.

But what about the electrical contractors that have followed proven methods for profitability, time freedom, and business systems. We could say that those business principles are ideas. But at some point when company after company after company create success, with those business systems. Those ideas become solid business principles that are proven to work time and time again.

I would like to go over some of those electrical business principles with you. Here I will list in bullet points some of the electrical contractor business ideas that I will be going over.

I wish I could just write one article and cover all of the basis that you need in order to have a solid foundation for your electrical business. I will list out the items I will cover. Check back often, as I will go through each one step by step.

I already know that almost everyone reading this, that owns an electrical contracting business will want to know what are the secrets to marketing.

How do I get the phone to ring?
How to get more jobs?
How do I find the best electricians?
How do I make higher profits?
How do I control labor and material cost?
How do I market correctly to increase my call volume during the slow time?
What is the silver bullet? Just give me the silver bullet.

These are all very good questions, and I will answer all of them. But what a lot of electrical contractors don’t understand or simply refuse to address is that it’s what you do that makes all of those things happen in your business.

So if you are someone who thinks that you can skip the small stuff, bypass the systems, ignore business numbers and systems then reading this is not for you.

But if you are tired of –
Feeling like you’re going in circles.
Tired of not having time to do much of anything outside of your business life.
Tired of not making the profits you know you should.
Tired of feeling like you are all alone in getting your business to that next level.
Tired of having huge gross profits, but small net profit.

Tired of being the marketer, book-keeper, electrician, call taker, etc etc.

Then read below and let me walk you through the first part of the system that has worked for so many other electrical companies.

Electrical contractor business ideas

Here are the subjects we will be training on and going over, in no specific order.

Marketing plan specifically for electrical businesses.
Understanding, tracking, and using your business numbers. (The 11 numbers you must know.)
Examining the health of your business as it is today. (The 20 vital statistics.)
How to increase profit in your business.
How to get more business because of your price increase. (I know that one sounds crazy.) Just wait!
Planning for growth
having a specific business plan that goes from where you are to where you want to be.
Managing employees.
Proper steps to go from a 1 man shop to 10 and maintain a very high profitability.
Daily performance reports
Developing a training plan.
Analyzing how your local market thinks about your business and what you offer.
Developing operational excellence.
Developing an exit strategy to sell or hand over your successful operation.
And much more…

Today I would like to start by asking you. When was the last time you sat down and seriously thought about what you want your electrical business to look like? And how much would you like to make in pure profit 5 years from now.

This is where I like to start, because I’m sure we all know of those electrical contractor business ideas or plans that went something like this.

They started their business 25-30 years ago. They are still working out in the field. They have to be there every day and are tired of dealing with putting out fires all day. Their bank account goes up and down just like their call volume does. They have very little or no retirement and drive a service truck that doubles as their personal vehicle. They have no idea who will buy the business after all those years of hard work and dedication, because without them the company will fold.

I could go on but the point is that regardless of where you are at today, you will only get to where you want to go if you know exactly where you want to be.

I will get to the meat like marketing etc, in another article but for now just take some time, sit down and think about how much money you would like to make. Is it 200,000 in pure profit? maybe it’s 1million in profit. What do you want to make? Write that number down.

Next think about how often you would like to come in to the office 2 hours per day, 1 time per week, 1 time per month, one time every 3 months. Even if you are there 12 hours per day now. Even if your current office is your home. It does not matter. just picture what and where you want it to be. Write down how much time you would like to spend working in the business.

If you do or don’t have a commercial office location, then what will that office look like? NOTE!!! on the office. Most electrical business owners do not see their business office as an asset. The electrical business will pay off this commercial property and you will be able to sell it at a profit when that time comes. Some people split up the building and rent out multiple commercial units for long term income month after month. Write down what that office building will look like.

Think about how well your business is running with systems. Even if you are currently are a 1 man shop. Think about and picture your electricians coming in the morning. How well the operations manager gets them in and out. how well the president that you put in place to do your task runs the company. think about how you can pull up any data that you want about your business numbers and operation on the internet from anywhere in the world. Write out exactly how your business flows and operates like a well oiled machine.

Now that you have a thought about how you want your company to operate and have your 5 year goals written out in detail. We can move on to the next subject. In my next article I will be discussing if you should go up in price and the common misconceptions that are associated with your product and service pricing.

“Taking your electrical business to profit ( on the fast track)”

P.S. If there are any specific areas of your electrical business that you need assistance with feel free to call or email me, and of course it will be (on the house.)

Take the business questionnaire click here.

Be sure to sign up for my newsletter where you will learn proven methods that are working today for electrical businesses.

Share this post and help spread the love!

Building Your Small Business Ideas With a Business Plan

Whether you have small business ideas you plan on implementing or you have been operating a small business for some time you need a focused business plan. It is your guide to success and without it you are planning to fail.

Your business plan needs to be a live document that is in constant development and is continually checked and updated, You must know if you are meeting your goals and if you do not continually check your business plan it can not work for you. Your business plan will allow you to make the needed changes to adjust to your small business growth or lack of growth.

The basic outline of a business plan is to detail the systems you will use and the task that are needed to accomplish your goals. By reviewing your business plan on a monthly basis at first you will be able to check your progress or lack of it. Once your business is up and running inn the direction you desire you may want to revise the time you review your plan. If your small business is progressing the way you planned and growth is steady checking your plan quarterly might be a good choice.

At first financial goals should be small. Although small they should be accomplished in the time frame you set. The initial small goals are as vital to your overall plan as the larger goals you have set for later dates. If your plan is working correctly in the early stages you will be able to determine if the complete business plan is achievable. Make sure that each goal is achieved as planned.

As in most aspects of life the best of plans can fail. You must ask yourself two questions. 1. Did you complete each goal in the time period you set. Were you able to achieve some of your goals but not all of them.

2. Were you able to use the systems you put in place and did they work as planned. Some of them will have met the goals you set while others did not.

Look carefully at your answers and analyze them. You will have systems that worked correctly and performed as expected. Keep those and continue working with them. The will also be systems that did not meet the goals you had set and the plans you had made. Look at these systems and find why they did not work.

You need to know why they did not work, if the system was flawed, were there steps in the system you may have missed. In answering those questions you can adjust future plans to accommodate errors that may have been made or discard the system completed and replace it with a new one.

A good solid business plan will continually improve and adjust. Adjusting and manipulating your plan for future growth will not only improve the effectiveness of your plan it will insure continued growth of your business.

Along with helping to build your small business ideas a business plan can give you confidence. A business plan is like a silent partner that helps keep your business on track.