The easiest thing for new contractors to do, is get an order book full of under-priced work. Quickest way of going out of business too. Best of luck with your new endeavour.
This is exactly the kind of content I need right now. I’m a sparky but mostly do low voltage stuff, alarms etc. Thinking very seriously about starting my own business after 20 years on the tools. It’s all feeling pretty daunting but seeing you take all the necessary steps and doing things by the book is a good source of info. Been following you for a few years, this seems like the right move for you.
There's never a perfect time- if the work is there around you're good, you'll do well. Looking forward to following you, there aren't many commercial sparks online that I've seen.
Go for it mate, Stay as one man for as long as you can. Keep your overheads low, build up the client base / work. Get yourself in a good position where you feel happy and build on it. You’re a top bloke, plenty of work out there 💪🏼
Really excited to follow along. I’m 24, QS of a quite a large company and have worked my way up that ladder. In the next couple of years I want to start my own business too, I think this will give me the guts to give it a shots
Hey Mike! Good to see you back! Several years ago I had a similar struggle with myself to go back to a field I worked in a long time ago and did quite well. Went back to school learn the latest technology and get some contacts as well. I learned that the industry had changed dramatically and there were lots of kids working for sub standard wages. Long story short, I embraced the industry I’ve been in for the last 25 years and I’m doing well. Got in with a good company where I’m valued and we have a good team. I’m happy for you brother! You’ve got mad skills and I know you will thrive! Cheers mate!🎉
Mike i wish you all the best looking forward to the new content. Loadout wasnt a failure it was a learning experience. Many businesses change forms and its set you up with knowledge for the next business adventure …..good luck mate were all rooting for you.
Good luck in your new endeavor! I like how you showed the "behind-the-scenes" paperwork/adminwork needed to run a business - it's not just pulling wire!
Thank you for sharing all this info, as an Electrician i am only 1 year qualified but i really want to follow these same steps you are an inspiration Mike.
Hey Mike. So glad to hear about your new venture. Watched you on the podcast as well. I’m a sprarx in Devon and been on my own 4 years now and I’ve never looked back. Admittedly, a bit quiet at the moment but all my work has been through word of mouth and business cards! I’m not on social media and haven’t got the van sign written so I’ve been quite fortunate. The reason I mention it is because I think you’ll find once you’ve settled in with it, you probably won’t have time to sub to anyone due to your own business growing. As I say, I’m an electrician and so know a good sparky when I see one (I’ve also followed you for a while now so know your work quite well) and I think work will just get busier and busier for you. Best of luck buddy!!
Congrats mate, love your attitude towards it and being hungry, it's defo something i want to do in the future so this vid has/ will help massively, wishing you the best of luck, seeing some of your jobs you'll never be short of work, all the best
Seems to me a much better direction than load out, this should be much more profitable. Your location is a winner, straight into London easy enough but also you have Slough just down the road. The data centre builds now are insane, we are putting HV straight into the switch rooms, adjacent to the UPS’s. Dead interesting work, bypasses, bus-couplers, big battery banks with DC busbar or like single 630mm HO7s. All the work is top tier, very neat with proper containment. The only downsides are useless principal contractors and the OTT PPE requirements. Best of luck Mike.
Love your channel mate can’t wait to see you doing well! I’m coming out my time early next year and going self employed via agency and gonna try to slowly build up my own work. I’m based up north but if I can help in anyway mate let me know I have no issue travelling. All the best pal 👍
Good luck mate you don’t look if you are struggling I thought you were self employed already. You will succeed for sure! Retired spark with a blunt pair of side cutters.
Good channel!, HV: get your National Grid AP, then do an SAP course (loads of different outfits to choose from) and the hard shits done, get the whole thing done in a month. keep at it!
I was setting up last year and then got offered a full time cards in job so it was a bit "do I, don't I?"... Cards in job is shift work so I get enough days off from that to pick up a few little subbing jobs (machinery / mechanical/ electrical); day job pays the bills and once I'm busy enough I'll go SE full time.
Good luck with this new journey, will be doing this myself soon so good to get a heads up on what's involved. Keep up with the good content, always enjoy your content. 😀
Really looking forward to these future videos.. i think there are loads of construction at work videos but not many that go into the running of the business... it will be intresting to hear what you do actively to bring in work and get contracts for jobs etc.. If your worrying about your 30k debt i maybe able to direct you to get your monthly payments reduced or wiped.. dont stress... someone who i know owed £45k and got it reduced to £1 per month.. which you can pay £1 forever or until your financial situation gets better.. it wont affect your credit rating as your still paying off the debt.
Best of luck with your new venture, How are you finding your NIC application, assume approved contractor. Have you managed to accumulate the amount of jobs required doing your own work already? We setup around 18months ago mainly sub contracting but are pushing to get more of own work, we are mainly commercial and industrial like yourself but alot of clients we want to work for are already expecting us to have the NIC EIC Accreditation so it's difficult. Regarding your job management software and accounting be careful when invoicing through both as invoice numbers may duplicate unless it is set differently this is the case with our system which is Simpro and Xero. Not sure if it's the same for you but worth checking. All in all it looks like your very organised and spending time on the right things first ! BTW gpt4 is a game changer worth the cost all day long
Thanks buddy! I’ve gone through the sign up and have my assessment on the 6th, so will update you on there, luckily I’ve got 2 commercial and 1 domestic job to show already 👌🏼 I do all my invoicing via quick books so dupes aren’t a problem, but I get what you mean, luckily service mate imports the details to quickbooks can make an invoice 🤓
So been running my own company 44 years 😳 I would say specialized firms do better as domestic market is break even ( way to many sparks ) not enough proffit be that fuseboards or EV or Solar at the mo! Niceic / NAPIT / MCS / insurance costs its all £££££££ .The one thing thing with big stuff if people go bust you go bust 👍 I wish you well
I have been running a small electrical LTD for 2 years now but I cannot break the commercial market. I cannot seem to even get a chance to quote for any commercial work. I was a senior engineer for a blue chip company and that's what I know but I'm stuck doing car chargers and domestic. Any tips? I am in the Midlands South Yorkshire and Derbyshire.
You got to be more focused on making money. Listened to you on the podcast Sunday night also. If there is no money in HV don't do it. Need money to buy a house etc. Don't go into stuff where there is no money as the fun goes out of it quickly when you are trying to make money and just scrambling by.
You seem so much more happy and energetic. I’m really excited to see your journey progress been watching since the video where you put in some commando sockets in a lorry warehouse thing. ❤ much love
Hi, just a quick question for anybody really but how do you get into this sort of work with containment, big boards, mains work etc?? Is being a subby the way? I am qualified but want to learn how to metal munch and do this sort of works.
If I’m honest mate it’s all networking and who you know, especially if you’re out on your own, as for your situation I would find a firm that does that sort of work and sub to them, be honest about your experience and I’m sure you will learn a lot with them 🤝🏼
It’s probably just my sick sense of humour but the moment when the child called out and you looked up then go maybe even HV . In my head I imagine you just saying fuck it the risk is worth it for the views
Move to a different company when your GoDaddy renewal is due. They're horrific to deal with and there are much better companies out there in the same space.
“Just take one step at a time and slowly and organically build” wise words - you will do well 👊
The easiest thing for new contractors to do, is get an order book full of under-priced work. Quickest way of going out of business too. Best of luck with your new endeavour.
This is exactly the kind of content I need right now. I’m a sparky but mostly do low voltage stuff, alarms etc. Thinking very seriously about starting my own business after 20 years on the tools. It’s all feeling pretty daunting but seeing you take all the necessary steps and doing things by the book is a good source of info. Been following you for a few years, this seems like the right move for you.
There's never a perfect time- if the work is there around you're good, you'll do well. Looking forward to following you, there aren't many commercial sparks online that I've seen.
Looking forward to following your journey
Proud of you, this can always be a scary step to take, but you have the skills necessary to do this. Good luck!
Good luck mate. I'm sure you'll smash it 👊
Good news Mike. You will be great at it. Look forward to your future videos mate.
Go for it mate, Stay as one man for as long as you can. Keep your overheads low, build up the client base / work. Get yourself in a good position where you feel happy and build on it. You’re a top bloke, plenty of work out there 💪🏼
Thanks Ross, appreciate the kind words and the wisdom!
One of my favourite Sparks on RUclips. Good luck with the new venture Mike! Looking forward to seeing the new vids that result from it.
Good Luck, we wish you all the best!!
Thanks man!
YES MATE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Lets go!! Im like 6 months behind you bro! Im specializing in where technology and electricity touch each other.
Really excited to follow along. I’m 24, QS of a quite a large company and have worked my way up that ladder. In the next couple of years I want to start my own business too, I think this will give me the guts to give it a shots
Love your videos. Got a feeling they will only get better from now on. Keep up the good work.
All the best with your new venture and hope to see your new content soon.
Really looking forward to following your journey Mike. So interesting to see, hope all goes well. Best of luck with it all.
Hey Mike! Good to see you back! Several years ago I had a similar struggle with myself to go back to a field I worked in a long time ago and did quite well. Went back to school learn the latest technology and get some contacts as well. I learned that the industry had changed dramatically and there were lots of kids working for sub standard wages.
Long story short, I embraced the industry I’ve been in for the last 25 years and I’m doing well. Got in with a good company where I’m valued and we have a good team. I’m happy for you brother! You’ve got mad skills and I know you will thrive! Cheers mate!🎉
Mike i wish you all the best looking forward to the new content. Loadout wasnt a failure it was a learning experience. Many businesses change forms and its set you up with knowledge for the next business adventure …..good luck mate were all rooting for you.
Good luck in your new endeavor! I like how you showed the "behind-the-scenes" paperwork/adminwork needed to run a business - it's not just pulling wire!
Good luck to you, sir!
Thank you for sharing all this info, as an Electrician i am only 1 year qualified but i really want to follow these same steps you are an inspiration Mike.
You’ve got this pal 💪💪excited to have the regular videos back
Looking forward to future videos mate. Good luck on your new venture
Exciting times! Ill look forward to these !!
Hey Mike. So glad to hear about your new venture. Watched you on the podcast as well.
I’m a sprarx in Devon and been on my own 4 years now and I’ve never looked back. Admittedly, a bit quiet at the moment but all my work has been through word of mouth and business cards! I’m not on social media and haven’t got the van sign written so I’ve been quite fortunate.
The reason I mention it is because I think you’ll find once you’ve settled in with it, you probably won’t have time to sub to anyone due to your own business growing. As I say, I’m an electrician and so know a good sparky when I see one (I’ve also followed you for a while now so know your work quite well) and I think work will just get busier and busier for you.
Best of luck buddy!!
You’re super organised - NICEIC inspector will love that 😍
Thanks!
Congrats mate, love your attitude towards it and being hungry, it's defo
something i want to do in the future so this vid has/ will help massively, wishing you the best of luck, seeing some of your jobs you'll never be short of work, all the best
Thanks James!
Seems to me a much better direction than load out, this should be much more profitable. Your location is a winner, straight into London easy enough but also you have Slough just down the road. The data centre builds now are insane, we are putting HV straight into the switch rooms, adjacent to the UPS’s. Dead interesting work, bypasses, bus-couplers, big battery banks with DC busbar or like single 630mm HO7s. All the work is top tier, very neat with proper containment. The only downsides are useless principal contractors and the OTT PPE requirements.
Best of luck Mike.
Wishing you all the best sure you are gonna do big things
Yo my man, nice! Great to see that you're ready for Round 2, good luck my dude!
Love seeing behind the scenes!
Wishing you all the best, Mikey! You'll nail it! Nice to see you on Electricians podcast. Cheers
Good luck pal you'll never look back! always enjoyed your commercial industrial vids
Best of luck 🤗 plenty of work out there and you will succeed ❤
All the best for the future Mike, always enjoy your video's.
Best of luck to you mate I’m sure you’ll smash it
Yes go for it just keep your overheads down cash flow good, all will be good
I hope all the work is worth it in the end, good luck!
Congrats & good luck my friend. Hello from the 🇺🇸
Thanks mate!
Get the brown envelopes ready if you are doing industrial / commercial - GOOD LUCK Brother
Love your channel mate can’t wait to see you doing well! I’m coming out my time early next year and going self employed via agency and gonna try to slowly build up my own work. I’m based up north but if I can help in anyway mate let me know I have no issue travelling. All the best pal 👍
Best of luck!
Goodluck! You got this.
Proud of you Mike, you are going to smash this chapter and I’m here to help with anything HV 👌🏽⚡️
Congratulations, I wish you every success
Looking forward to seeing your progress man! 👊🏻
Good luck Mike 👍
This is one of the best channels out there 🎉
Good luck mate you don’t look if you are struggling I thought you were self employed already. You will succeed for sure! Retired spark with a blunt pair of side cutters.
Appreciate that Pete, thanks!
Good channel!, HV: get your National Grid AP, then do an SAP course (loads of different outfits to choose from) and the hard shits done, get the whole thing done in a month. keep at it!
I was setting up last year and then got offered a full time cards in job so it was a bit "do I, don't I?"...
Cards in job is shift work so I get enough days off from that to pick up a few little subbing jobs (machinery / mechanical/ electrical); day job pays the bills and once I'm busy enough I'll go SE full time.
Looking forward to watch you succeed! Great stuff!
Good luck with this new journey, will be doing this myself soon so good to get a heads up on what's involved. Keep up with the good content, always enjoy your content. 😀
Best of luck with the new venture. 👍
Good luck with your new venture.
Great video mate 👍 proper interested to watch your company grow. I like your honesty its a great thing
Look after yourself mikey, dont get burned out.
Really looking forward to these future videos.. i think there are loads of construction at work videos but not many that go into the running of the business... it will be intresting to hear what you do actively to bring in work and get contracts for jobs etc..
If your worrying about your 30k debt i maybe able to direct you to get your monthly payments reduced or wiped.. dont stress... someone who i know owed £45k and got it reduced to £1 per month.. which you can pay £1 forever or until your financial situation gets better.. it wont affect your credit rating as your still paying off the debt.
Thanks man, appreciate it, currently got a plan that I’m working to currently but appreciate the advice 🫡
Best of luck mate, im 8 months in - best decision ever.
Cheers mate, hope you’re good!
Been waiting for this 👍🏼 after a bad day on site, this has made up for it 👌🏼
Good luck with the new venture, looking forward to following your journey.
Good on with ya mate, you’ll do well 👍🏼 ⚡️
Awesome mate!!! Great to see you back 👌🏻
Unreal fella, best of luck
Nice one buddy!
Make sure you get deposits and money up front - don’t give anyone an excuse not to pay. Sooo many customers not paying the small contractors recently
Good luck👍👍
Good luck mate
Looking forward to the content mate, currently in metering but want to get into jointing one day in the future. Keep up the good work 👍
Good one and welcome to the self employed 🙌 electrical brotherhood 👌
😂If all else failed going to be a driving instructor 😂
Best of luck with your new venture,
How are you finding your NIC application, assume approved contractor. Have you managed to accumulate the amount of jobs required doing your own work already?
We setup around 18months ago mainly sub contracting but are pushing to get more of own work, we are mainly commercial and industrial like yourself but alot of clients we want to work for are already expecting us to have the NIC EIC Accreditation so it's difficult.
Regarding your job management software and accounting be careful when invoicing through both as invoice numbers may duplicate unless it is set differently this is the case with our system which is Simpro and Xero. Not sure if it's the same for you but worth checking.
All in all it looks like your very organised and spending time on the right things first ! BTW gpt4 is a game changer worth the cost all day long
Thanks buddy!
I’ve gone through the sign up and have my assessment on the 6th, so will update you on there, luckily I’ve got 2 commercial and 1 domestic job to show already 👌🏼
I do all my invoicing via quick books so dupes aren’t a problem, but I get what you mean, luckily service mate imports the details to quickbooks can make an invoice 🤓
Вперед пацан. Мы верим в тебя👍
Good Luck
Good luck,you will smash it from a fellow niceic member
Crazy how much admin work you have to do, especially since UK electrics looks dodge af.
how dare you
😂😂 if you're American this is so funny. You literally fit stuff today that my dad was fitting in his apprenticeship in the 70s.
So been running my own company 44 years 😳 I would say specialized firms do better as domestic market is break even ( way to many sparks ) not enough proffit be that fuseboards or EV or Solar at the mo! Niceic / NAPIT / MCS / insurance costs its all £££££££ .The one thing thing with big stuff if people go bust you go bust 👍 I wish you well
All the very BEST. Go and SUCCEED , Michael 😊
Good luck to you
Love this Mike, well done! How does it work with showing the NIC work you’ve done? Since you’re a new company?
More videos with Jointech cabling then???
First 5 years of business is the hardest.
The biggest regret of your life won't be what you did, It'll be what you didn't do.” - Lee Brice
Nothing ventured ... nothing gained ... Best of luck to you mate !
Good luck with your new venture.
What was/is Loadout?
If anyone can make a go of it, you can.
Is it not required to be a Master in Electrics to start your business in the UK?
I have been running a small electrical LTD for 2 years now but I cannot break the commercial market. I cannot seem to even get a chance to quote for any commercial work.
I was a senior engineer for a blue chip company and that's what I know but I'm stuck doing car chargers and domestic. Any tips?
I am in the Midlands South Yorkshire and Derbyshire.
It’s really tough mate, it’s all networking if I’m honest and who you know, I’m just starting to build mine so I can relate, good luck!
@@residualelectrical it really is. I have 2 commercial clients that have ongoing work and they were both through somebody I know.
🎉🎉🎉
You got to be more focused on making money. Listened to you on the podcast Sunday night also. If there is no money in HV don't do it. Need money to buy a house etc. Don't go into stuff where there is no money as the fun goes out of it quickly when you are trying to make money and just scrambling by.
You seem so much more happy and energetic. I’m really excited to see your journey progress been watching since the video where you put in some commando sockets in a lorry warehouse thing. ❤ much love
Hi, just a quick question for anybody really but how do you get into this sort of work with containment, big boards, mains work etc?? Is being a subby the way? I am qualified but want to learn how to metal munch and do this sort of works.
If I’m honest mate it’s all networking and who you know, especially if you’re out on your own, as for your situation I would find a firm that does that sort of work and sub to them, be honest about your experience and I’m sure you will learn a lot with them 🤝🏼
Commercial jobs in London is defo where the money is
Set up as a limited company and get some personal liability insurance. Protect yourself.
You’ve got servicem8 set up better in a few days than I have in months of having it😂😂
😂 I’m prone to spending way to much time on the finer details 🤦🏼♂️
@@residualelectrical I’m prone to spending no time on anything 😂😂
Did you ever film the testing of your parents house?
Well! I can help you with your Electrical Control panel requirements. Let me know if you’re interested.
No second chances with hv ….😮
Any vacancies for assistance
It’s probably just my sick sense of humour but the moment when the child called out and you looked up then go maybe even HV . In my head I imagine you just saying fuck it the risk is worth it for the views
You’ll be reet, you’ve been doing it for ages ain’t you?
You’re not the first to leave a job because of not being able to film. Abom , welder fabber both left big jobs to be able to film
Move to a different company when your GoDaddy renewal is due. They're horrific to deal with and there are much better companies out there in the same space.