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Anyone want some free business advice?

3479 Views 54 Replies 19 Participants Last post by  AlexAtAjax
I own a 25 person electrical contracting company in Los Angeles, in business since 1979. I'm semi-retired now, which means I maybe spend 5-10 hours per week on the business, mostly because I still enjoy interacting with my great employees. In 2020 I attained a goal I had set many years earlier - financial independence. I still get an income from my company of a few hundred thousand dollars each year, which is one of the reasons I doubt I'll ever sell the company. At this point, because of my great customers and excellent staff, it's a money making machine, whether I work any particular day or not. So why would I want to sell it?

However... It turns out that being semi-retired can be a little bit boring! With that in mind I thought I would try a little experiment and offer to give free advice to anyone who might like to know more about addressing a particular business issue they have related to their own contracting company.

I made a similar post like this on ElectricianTalk.com a couple of months ago and had a lot of responses, so I thought I would make the same offer here. I don't consider myself a Business Consultant or Marketing Guru. I'm just a guy who over a 40 year period made pretty much every mistake you can make in the contracting business, and fortunately learned enough from my mistakes to eventually retire with financial security.

Although I own and electrical contracting company, I would guess that 90% of contractor business knowledge is applicable to all types of contracting. So, if anyone is interested, feel free to ask anything related to running a contracting business.
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Very kind offer.

I hope folk take you up on it, and avoid the goofy comments this site is so famous for. 馃槼馃ぃ馃檮

Nothing like learning from the old-timers, old-school style. 馃憤
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How much time do you have馃ぃ? I鈥檒l start compiling my list of questions鈥.
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How much time do you have馃ぃ? I鈥檒l start compiling my list of questions鈥.
Joseph, why don't you start with you most pressing question, and we can go from there?
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How much is the book you are selling?


Any company photos with 25 employees?
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Joseph, why don't you start with you most pressing question, and we can go from there?
It was a rhetorical reply. I鈥檓 always learning and growing and have also made my share of mistakes but my business is very successful and flourishing. I鈥檒l reach out if any questions arise 馃憤馃徎.
Looks like you made your employees get the clot shot.
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Is there a full moon? people are coming out of the woodwork this week
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I think it fair to say that with the recent frequency of people looking for revenue generation that things are slowing in some areas.
How much is the book you are selling?


Any company photos with 25 employees?
Looks like it is free to access. Hyperlinks work.

But sometimes a hardcopy is nice.

Sent from my iPhone using Tapatalk
Looks like it is free to access. Hyperlinks work.

But sometimes a hardcopy is nice.

Sent from my iPhone using Tapatalk
Oh you investigative son of a pistol. Maybe I was too quick on the draw. That鈥檚 what happens when the admins take my toys away.
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Let me give you some free advice.
Most free advice is free because it has no value.
If you want my premium advice, it will cost ya $3.50.
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How much is the book you are selling?


Any company photos with 25 employees?
Reggi,

Sorry, no group photo. We currently have 10 people in the office and over 20 in the field, so it's hard to get everyone together at the same time.

And wow, I forgot that I had posted a link to my old book on my company's website many years ago. I'm not selling that book because it's 30 years old and way out of date. However, I am just finishing up a complete re-write of the book. It's called Million Dollar Contracting. I intend to publish it on Amazon in both Kindle, paperback, and Audio. I don't really need to make any money from selling the book, so I'll probably initially list the Kindle version for 99c and include the audio version for free.

I was thinking of posting a link to a few of the chapters online for contractors on this forum to look at in order to get some feedback before I publish. Do you think anyone would be interested?
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I own a 25 person electrical contracting company in Los Angeles, in business since 1979. I'm semi-retired now, which means I maybe spend 5-10 hours per week on the business, mostly because I still enjoy interacting with my great employees. In 2020 I attained a goal I had set many years earlier - financial independence. I still get an income from my company of a few hundred thousand dollars each year, which is one of the reasons I doubt I'll ever sell the company. At this point, because of my great customers and excellent staff, it's a money making machine, whether I work any particular day or not. So why would I want to sell it?

However... It turns out that being semi-retired can be a little bit boring! With that in mind I thought I would try a little experiment and offer to give free advice to anyone who might like to know more about addressing a particular business issue they have related to their own contracting company.

I made a similar post like this on ElectricianTalk.com a couple of months ago and had a lot of responses, so I thought I would make the same offer here. I don't consider myself a Business Consultant or Marketing Guru. I'm just a guy who over a 40 year period made pretty much every mistake you can make in the contracting business, and fortunately learned enough from my mistakes to eventually retire with financial security.

Although I own and electrical contracting company, I would guess that 90% of contractor business knowledge is applicable to all types of contracting. So, if anyone is interested, feel free to ask anything related to running a contracting business.
I applaud your intent. It'll probably be interesting; maybe get interesting with old timers near or at retirement also sharing learning experiences; cussing and discussing the way things were, the way things are, and sometimes costly tuition made on the path to success.

Welcome to the forum. (y) :)
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Looks like you made your employees get the clot shot.
Yes, it was a major selling point for our customers.
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Oh I ****ing nailed it.
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I applaud your intent. It'll probably be interesting; maybe get interesting with old timers near or at retirement also sharing learning experiences; cussing and discussing the way things were, the way things are, and sometimes costly tuition made on the path to success.

Welcome to the forum. (y) :)
Thanks!
Very kind offer.

I hope folk take you up on it, and avoid the goofy comments this site is so famous for. 馃槼馃ぃ馃檮

Nothing like learning from the old-timers, old-school style. 馃憤
馃槉(y)
Reggi,

Sorry, no group photo. We currently have 10 people in the office and over 20 in the field, so it's hard to get everyone together at the same time.

And wow, I forgot that I had posted a link to my old book on my company's website many years ago. I'm not selling that book because it's 30 years old and way out of date. However, I am just finishing up a complete re-write of the book. It's called Million Dollar Contracting. I intend to publish it on Amazon in both Kindle, paperback, and Audio. I don't really need to make any money from selling the book, so I'll probably initially list the Kindle version for 99c and include the audio version for free.

I was thinking of posting a link to a few of the chapters online for contractors on this forum to look at in order to get some feedback before I publish. Do you think anyone would be interested?

I'd be interested by PM...
We currently have 10 people in the office and over 20 in the field, so it's hard to get everyone together at the same time.
When I tell my employees to be at the office at 9 am, somehow they all make there.
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