News & Events
April 20, 2020
4 Electrical Training Courses Ideal for Starting Your Own Business
Learning the necessary skills and training for an electrician goes beyond just mastering the components of the job. If you want to start your own business, you need more advanced skills. No matter how great you are at electrical tasks, the extra skills will help your business thrive and profit year after year.
Check out a variety of courses you can take alongside your electrical training to help build a foundation and get your business started on the right foot.
- Business Structure
How do you start a business? What type of paperwork should you file for your business name and location? How do you hire employees? Find all the answers through a business structure course. The course gives an overview of how to run the business, set up your operations, and put new employees on the payroll.
You will learn how to manage paychecks, budget for the business, and set up various business accounts for vehicles and supplies. The structure of the business is essential, as a good foundation will help lead to more jobs and a professional reputation in the field.
Without the basic business structure, you may feel lost going into business on your own and getting off on the right foot once you’ve started your own company.
Owning an electrician’s business is not just about putting your skills to the test. As a business owner, you must lead other employees and represent your business to any customers or clients. As your business grows and goes on for many years, leadership skills will naturally form, but you can build a foundation through leadership classes.
In a leadership course, you will learn how to make smart decisions and handle problems with both customers and employees. Having strong leadership skills will allow you to speak up and help the business thrive.
When you hire new employees, the workers will look to you for guidance, and leadership skills become an essential part of the process.
As you learn to budget and plan for your business, you will also learn about the complicated world of taxes. As an electrician, you spend a majority of time will on the road, but your base business will likely be in the home. Through a tax course, you will learn what taxes you need to pay as a business owner and how to manage your own salary.
Along with tax payments, the course will teach you about key tax deductions, including home office deductions and business expenses like vehicles or supplies. The course also covers quarterly tax payments for the self-employed. A tax course is an essential part of the learning so you do not end up overpaying for taxes as you operate your business.
- Legal Issues
As a business owner, you don’t just lead your employees, you take on a lot of legal responsibility through your business. In a legal course, you will learn about insurances and protections your business should have. You will learn about different lawyers to contact and the validity of a contract for jobs.
As you sign up with clients and take on jobs, a proper contract will help ensure your work is protected and payments are made. Learn about the legality of a contract to help you explain the process to customers and obtain proper paperwork.
From simple contracts like free estimates to more advanced contracts like annual jobs, the legal issues give you a scope of what’s needed to keep your business operational and protected all around.
For more information on all of the business courses available through our electrician training, contact us at the Independent Electrical Contractors of Greater Cincinnati. We want to help your business thrive and give you training to last for years.