How to start your own electrical business

In a digital age, we’re constantly relying on technology to keep our homes working and businesses running. This, coupled with the fact that the government are pledging to build 300,000 new homes each year, means the electrical industry is booming.

If you’ve always wanted to become an electrician or are simply a competent DIYer looking to take your skills to the next level, now is the time. The UK needs more fully qualified electricians to join the industry, given the high level of current vacancies in trade.

If you’re ready to take the plunge and begin a new career, read on to find out how to start your very own electrical business.

1. Get qualified

First things first: to become a fully fledged electrician, you’ll need to qualify. To do so, you’ll need to take a Level 2 or Level 3 college course or apprenticeship in the relevant field. Once you’ve done that, you’ll need to get hands-on experience in the field.

If you want to run your own electrical business, you’ll need to know more than the syllabus of your diploma. Therefore, it’s best to be employed somewhere beforehand in the electrical trade, then start up solo.

2. Get the right insurance

Once you’ve written your business plan and decided whether to be a limited company or a sole trader, you’ll need to take out insurance. All businesses which employ other, non-related people are legally required to have employers’ liability insurance. No matter how careful you are, accidents can and do happen, even to the most competent of workers.

Adequate business insurance will cover your back if anything goes wrong, as well as protect property, equipment and third parties. There are lots of different types of insurance suitable for business use. However, electrician public liability insurance is a popular choice for most ventures in the sector.

3. Find and work with good suppliers that you trust

The final step is to work with good suppliers that you can trust. As it’s your reputation on the line if you cannot deliver a project due to supply chain issues, it’s important to find a good supplier that’ll provide a reliable service to you and your customers.

Where possible, choose wholesalers that can deliver to your customers’ addresses. That way you can save time on trips to the retailer, making more time for you to finish your projects.

Final thoughts…

The bottom line is that there’s a lot to think about when starting up an electrical business. However, by taking the time to train properly and sourcing good insurance and suppliers, you can have a booming business and rewarding, prosperous career.

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