You're launching into the most hostile general and specific business climate since the Great Depression.
A better approach would be to stay put, build $$$$, and watch your competition go belly up.
After the economy turns around start your new business. Profits will be excellent, most older outfits will have been destroyed, you'll have a real shot at real money.
Not long after the good times you'll see bidding become more competitive, but by then you'll be established.
As it stands, all of the old hands are engaged in cut-throat bid wars and most GC's are at serious risk of insolvency.
Timing is everything for a business start-up...
Right now is the worst possible time.
Be thankful you've got a job. Most electricians will be unemployed soon. California statistics show construction unemployment at 18% ( true number is double that ) which is headed ever higher. I'd expect that 80% unemployment in the trades will be witnessed before things turn around. There is a ton of commercial real estate that is not getting rented, and the banks are panicking.
