Ep 231 - How We Would Start a New Electrical Biz in 2024

Have you ever wondered what it takes to electrify the entrepreneurial world with your own electrical business? This electrifying episode sparks the conversation with Joseph, where we share the secrets to jumpstarting your venture in 2024. We tackle the big decisions - bootstrapping or banking on loans and investors - and how to accelerate cash flow to fuel sustainable growth. Our chat takes a turn down memory lane, acknowledging how the rush of time and mounting responsibilities shape our entrepreneurial endeavors. Special thanks to our community spark plug, Chad German, for driving us to craft this power-packed guide for electricians ready to light up the business world.

Switching gears, we illuminate the perks of powering up a service-based business model, speaking from my own shift from construction to service. Understand why a service-oriented approach may keep your business glowing bright amidst the industry's competitive landscape. We dissect the stats revealing the small business climate's challenges and opportunities, and why putting all your eggs in the construction basket could leave you in the dark. Finally, we explore the backbone of a resilient business - finding your 'why'. It's not just about flipping the switch; it's about igniting a fire that keeps you blazing through the toughest times. So, plug in, amp up your knowledge, and prepare for a series that will transform your approach to sales, pricing, and customer service.

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