Episode 9 – When To Start Hiring Your First Electricians/Helpers

This episode dives into HIRING.  When I chose to hire and why, as well as what dollar figures I had as a target before I made the jump to hire.

Hiring is perhaps the scariest part I’ve come across as a small business owner.  As a new electrical contractor I always thought there was some secret formula, or a “quant” figure that would show the math behind when I should hire.  After doing this awhile I realized that’s not always the case.

I knew what the dollars looked like, rather what I thought they SHOULD look like, before hiring a full time employee.  I had my mind set on $10,000 in the bank.  In comes Colten.  I decided to hire Colten once I saw that 10,000 in the bank but boy was it a rough time up until that point.  Working on your own, by yourself, in this trade is a very difficult thing to sustain.  When I started out I very quickly became far busier than I thought I would be, so I knew I needed help fast.  So for the first hire I just made the leap when the money looked good and the timing felt right.

For me the $10,000 figure worked out.  It wasn’t based off of a set time/expendature ratio or anything smart.  $10k just seemed like a responsible amount to have laying around in the event of an emergency.  My goal is to have $15,000 in the bank and hire a green helper soon.  This way my 3rd year helper can start training someone which will in turn skyrocket his own knowledge.  (Actually I already did this after the time of this recording – if you want to hear that listen to Episode 8 or watch it on YouTube by clicking here: Episode 8 – MID MAY UPDATE (Rentals, Facebook Ads, Organization, and Hiring)

My next goal is to have 6 months of all expenses saved up (including a Journeyman’s Wages for that 6 months) before hiring on a full time Journeyman Electrician.  Hopefully this will happen around the first of 2018.  This way I’ve got a good established crew with nearly a year together, so it will be a good transition into having a journeyman that can help lead the team.

Please SUBSCRIBE to my YouTube Channel as well as my podcast on iTunes and Stitcher – Just search Journey 2 Master.

Vlog: http://www.journey2master.com
Company: http://www.livewire-electrical.com

LISTEN TO AUDIO

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Episode 2 – Where We’re Headed (Goals)

ABOUT THIS EPISODE:

In this video I talk about my plans for where I’d like to be over the next decade. I’d like LiveWire Electrical to be a company that’s known for the quality of work we do, as well as the quality of relationships we nurture.

Customer service is a big deal, as well as treating your employees right. I don’t want a company that has a high turnover rate, but one where electricians come to be better electricians. I want to build a legacy as one of the best companies around, and would like education and humility to be the thing that ushers that in.

My belief is that I can train anyone to be an electrician, but that you can’t train good into a bad person. I want to take my time and vet out a group of outstanding men and women to lay a firm foundation for the framework of the company I have planned.

I’m here to teach and be taught. I’m documenting my journey from becoming a Master Electrician to growing an electrical contracting company from scratch.

Please like, comment, share, or DM me if you have any thoughts or would like to get in touch.  If you like this podcast PLEASE SUBSCRIBE and LIKE my videos on YouTube.

LISTEN TO AUDIO HERE:

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