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Rather Than Retire, Buy a Business

Acquiring Minds

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Navigating the Licensing Maze in Electrical Contracting

The chapter explores the complexities of acquiring an electrical contracting business, emphasizing the need for a licensed electrician on board to meet regulatory and operational requirements. It delves into licensing processes, reciprocity among counties, and restrictions on service areas. The importance of self-awareness in business decision-making and the impact of having a clear target statement when buying a business are highlighted.

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