ECN Electrical Forum - Discussion Forums for Electricians, Inspectors and Related Professionals
ECN Shout Chat
Shout Box
Recent Posts
Recall notice: Southwire wi-fi wall switches
by sparkyinak. 03/15/18 06:03 PM
Goodman Manufacturing Recalls Modular Blowers
by Admin. 03/13/18 10:40 PM
MAAX Spas Recalls Hot Tubs and Swim Spas
by Admin. 03/13/18 10:29 PM
New in the Gallery:
Housebilding DIY wiring
SE cable question
Who's Online Now
0 registered members (), 9 guests, and 10 spiders.
Key: Admin, Global Mod, Mod
Previous Thread
Next Thread
Print Thread
Rate Thread
new business #158424
05/07/06 09:47 AM
05/07/06 09:47 AM
Sparks30  Offline OP
Joined: Mar 2002
Posts: 125
I'm trying to start a new business in CT, was wondering if anyone had any hints that would make it easier. This would be part time for now, also probably be LLC. Thanks

Business, Office, Estimating, Legal:
Re: new business #158425
05/07/06 01:58 PM
05/07/06 01:58 PM
macmikeman  Offline
Joined: Jul 2002
Posts: 717
Honolulu, Hawaii
Good for you, your question is precisely the right first step. Step 2 is learn about breakeven cost and the proper way to charge for your services. Read previous posts in this section by LK or Mahlere and also some other members. It will save you time and headaches to get it right from the startup rather than learn after 20 years of headbanging. Good Luck.

Re: new business #158426
05/07/06 09:10 PM
05/07/06 09:10 PM
LK  Offline
Joined: Jan 2003
Posts: 1,429
New Jersey
First, even before starting your business plan, check the area, and see if there is a need for your services, too often the desire to go in business , closes the mind, to the critical needs, of a new business, part time, or full time, you will need to get your business plan ready, this is your road map to making a go of it, it is not necessary to have a formal plan, a sheet of paper with your plans on how you intend to operate, and finance the business, what your expected earnings will be, and the markets you will be servicing, the plan is not in stone, it will change with your needs, and business conditions.

You said probably be LLC., do you have an attorney to advise you?

Do you have an accountant to help, before you start off in the wrong direction?

Does your state have lic, requirements?

What insurances will you need, and will they be the proper coverages?

Equipment, and trucks needed?

From my experience, part time did not work well, i had all the expenses, and not eniough hours to recoupe the expenses, it was like a tred mill.

Re: new business #158427
05/08/06 03:37 PM
05/08/06 03:37 PM
Sparks30  Offline OP
Joined: Mar 2002
Posts: 125
I have been working with some builers for sometime now. I have the plan mostly reno's ans additions. The lawyer I am looking into already have insurance. My wife is going to school for accounting already has one degree going for masters. The input has been great. Thanks and any more suggestions.


2017 Master Electrician Exam Preparation Combos
2017 NEC Electrician
Exam Prep Combos:
Master / Journeyman


Member Spotlight
Washington...Not DC
Posts: 222
Joined: March 2005
Show All Member Profiles 
Top Posters(30 Days)
Admin 5
Trumpy 5
Popular Topics(Views)
244,409 Are you busy
181,526 Re: Forum
171,574 Need opinion
Powered by UBB.threads™ PHP Forum Software 7.6.1
(Release build 20180101)
Page Time: 0.559s Queries: 14 (0.004s) Memory: 0.9595 MB (Peak: 1.0917 MB) Zlib enabled. Server Time: 2018-03-19 12:57:28 UTC