Where to get support? Take your first steps with Schneider Electric as a partner. We're on your side, every step of the way.
Steps to start a business
Starting and running your own electrical business requires not only technical skills, but business advice, capital and a sound business plan as well. An alternative is to purchase an electrical contractor franchise with expertise and branding built right in. But if your dream is to run your very own business, read on for a broad outline of the steps to follow.
Find out everything you need to know about starting your electrical business – get dedicated advice and support from the global specialist in energy management and automation.
Follow Bob Cross throughout his daily routine in and around his home in Australia and notice his commitment to both his electrical work and family.
Take your company and customers' satisfaction to new levels
Keep customers happy
Happy customers can generate more and better sales, lead to valuable referrals and directly affect the success or failure of your business. So how do you keep them happy?
Successful sales are all about selling yourself. Your goal isn't just to land a project today, but to start a relationship that could lead to more and bigger sales in the future. Here are some simple yet critical tips on preparation, presentation and follow up.
For your business to succeed, clearly your revenues have to be higher than your costs. Setting clear objectives for sales and spending is critical. So is carefully monitoring your actual expenses and revenue against your forecast.
You have the skills, the plan and the passion to set up your own business. But do you have enough capital? Typically new businesses need some form of financial assistance. Do you?
Every business has to control costs in order to hang on to earnings in a tough economy. The best way is to establish good habits, set up rules and stick to them.
Managing and forecasting cash flow is critical to business success. All the sales and deliveries in the world won't matter if you can't collect. Poor cash flow management is one of the top reasons good businesses fail.
For small businesses in particular, every bit of revenue counts. Good customers make all your hard work worthwhile, but unfortunately, not all customers are the same Sometimes you have to chase down payments.
To an electrician like 32-year-old Ismail Mubarokah, a Schneider Electric partner, the role offers more rewards than risks. Apart from the achievement he has made in his career, he has also gained a vital support system – his family – along his way.
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