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If you are ready to start your own electrician’s business, but you’re not yet sure regarding how to go about it, rest assured that it is not as difficult as you might think. With financing options available from the government right now, even setting up a new workshop with optional retail electrical products is not at all out of the question. Let’s go through the basics of starting an electrician’s business next, so that readers can get a better understanding of how to go about their brand-new entrepreneurial venture.
Starting a One-Man Business
You can be your own employee as a self-employed electrician and still register your services as a company (LLC preferably). In fact, that is precisely how most small self-employed electricians, handymen and others in the field of property maintenance start. The company starts as a one- or two-man team, working only on a handful of projects at a time. Later, when the time is right, the company is grown sustainably, expanding the staff and resources as necessary.
Minimum Requirements
As you are probably already well aware of, it is essential for you and your partner and/or employees to have the necessary training, that is unless you are only an investing partner. As you can see down below, a diploma is required for you you to start this business, if you don’t have one you can always sign up for an Adult Diploma Program. Check out the minimum requirements for becoming an electrician in the UK, as stated below:
- Accredited Level 3 Diploma in Electrical Installations and/or Electrotechnical Services
- Certificate for passing assessment of the 18th Edition of the Wiring Regulations BS 7671:2008
Additional Legal Requirements for the Business
Other than the business registration, electrical training and associated certifications, the business itself will also require several other registrations and licenses, as mandated by the UK government. The most important ones include:
- Registering with NAPIT or NICEIC to stay in compliance with Part P regulations
- Holding a Public Liability Insurance policy is mandatory, alongside a policy for Employer’s Liability Insurance (even if you have only one worker)
There are also additional requirements for preparing the company paperwork and business plan, but you should need to hire only a few hours of legal aid for getting all that settled.
Finding Local Electrical Wholesalers
If you are going to take on electrical work commercially, you will need access to reliable, local electrical wholesalers. Choose a wholesale electricals supplier that:
- Offers what you need in bulk, at competitive rates
- Keeps a wide collection of electricals from multiple manufacturer brands
- Has a warehouse nearby to ensure quick delivery
The longer you work with a wholesale supplier, the better rates you are likely to get.
Finally, new companies should also think about branding their newly launched business via social media and local SEO marketing. A well-planned campaign should be inexpensive and highly effective simultaneously. This is due to the fact that an electrician’s service is one where potential customers are already looking for such services. You do not necessarily need to try and sell much of anything, as awareness alone should be sufficient to get your company more business than it can perhaps handle initially. You can also check out other electrician services to get an idea and once you are ready to start the last thing to do is to set up your payment processing and you’re all set.
