Exeter Electricians Wages

[Octopus]

not an electrician. I am an electrical engineer with a BEng in Electronic & Electrical. I have C&G2391 , 17th edition etc etc. I have worked for 12 years in Oil and Gas offshore.

I am not trying to be an "electrician". I am looking at running an electrical business and will be employing "time-served" Sparks , so before you all start with the rants and raves about plastic sparks, that is not the case. I will be in a management role. Just doing some research just now on the domestic market as I have mainly and industrial background.

In which case you are going about this back to front. You need to establish what the market will pay, per hour inc VAT for such services, then allow for all your overheads and then see what's left - then you'll know what you can offer.

As a new business you won't have an established customer base, nor any reference sites and you'll be quoting against sole traders and established, well known businesses.

Think hard before taking the plunge.

 

[Alasdair82]

no, not bathroom and kitchen fitters - do electrical installations in bathrooms and kitchens when required

 

[accordfire]

not an electrician. I am an electrical engineer with a BEng in Electronic & Electrical. I have C&G2391 , 17th edition etc etc. I have worked for 12 years in Oil and Gas offshore.

I am not trying to be an "electrician". I am looking at running an electrical business and will be employing "time-served" Sparks , so before you all start with the rants and raves about plastic sparks, that is not the case. I will be in a management role. Just doing some research just now on the domestic market as I have mainly and industrial background.

You're very combative, aren't you?

Things is, you've come wandering in, asking all these questions (some very abruptly) without explaining anything of your background or intent, much less offering anything to give to the mix.

Perhaps you'd do a little better if you stopped and thought about approaching some of us as humans, rather than your personal Google, or your business planners.

And for the record, £35 an hour for some types of work within the remit of this forum is not expensive.

 

[Octopus]

You're very combative, aren't you?

Things is, you've come wandering in, asking all these questions (some very abruptly) without explaining anything of your background or intent, much less offering anything to give to the mix.

Perhaps you'd do a little better if you stopped and thought about approaching some of us as humans, rather than your personal Google, or your business planners.

And for the record, £35 an hour for some types of work within the remit of this forum is not expensive.

Nicely put mate. How are you?

 

[accordfire]

Nicely put mate. How are you?

I'm good, thanks - getting my erm.... plumber's product.... back together after a long time out.

Things getting sorted, and getting back into the swing

And your good self?

 

[Alasdair82]

at start-up I will not take any wages from the company for at least 2 years. I have a time served partner who is a minority shareholder at 30% who currently runs his own business so there is a small customer base already. The model is base don making a profit, but as long as the company breaks even to build a customer base this is not a problem. There will also be 10-20K going into advertising to bring in new customers.

 

[Octopus]

at start-up I will not take any wages from the company for at least 2 years. I have a time served partner who is a minority shareholder at 30% who currently runs his own business so there is a small customer base already. The model is base don making a profit, but as long as the company breaks even to build a customer base this is not a problem. There will also be 10-20K going into advertising to bring in new customers.

I wasn't meaning your wages, I was referring to those you will have to offer the employees.

 

[Alasdair82]

Thanks Bill, I have found your answers helpful

 

[Octopus]

I'm good, thanks - getting my erm.... plumber's product.... back together after a long time out.

Things getting sorted, and getting back into the swing

And your good self?

Good thanks. Been very busy for about the last 10 months so OK.

 

[Alasdair82]

Hi Murdoch,

Yes I have budgeted for wages to employees, employers NI, pension contributions, holiday pay, 10 sick days a year and in the first year to only be productive 75% of the week to make sure that we will still break even.

You are right in the fact that it is a competitive market, that is why I am aiming to get as much information as possible. The aim is that the company can provide me with a good income after 5-7 years and that I can stop going offshore.

 

[Octopus]

Hi Murdoch,

Yes I have budgeted for wages to employees, employers NI, pension contributions, holiday pay, 10 sick days a year and in the first year to only be productive 75% of the week to make sure that we will still break even.

You are right in the fact that it is a competitive market, that is why I am aiming to get as much information as possible. The aim is that the company can provide me with a good income after 5-7 years and that I can stop going offshore.

I've got a mate who's relocated to the south coast in your direction. He's VAT registered and getting constantly undercut by sole traders with a reputation.....

 

[Alasdair82]

That's good to know, I understand that it will initially be hard and take time . I am not looking to build Rome in a day. What I am looking for is steady growth.

Every new business is going to go through the same issue. It is about how much dedication and effort you are willing to put in and sacrifice to get things going. Everyone has to start somewhere.

 

[Tesla1980]

I dont get how someone with a degree in engineering wants to get involved in domestic work when theres bigger money to be made in the field you came from
excuse the pun. And a nuclear power station being built just north of exeter (Hinkley Point) sure they would have a need for electrical engineers I think the market is flooded with domestic sparks running small businesses as it is.

 

[Alasdair82]

It not all about the money. I have spent 12 years of my life with 60% of it away earning loads of cash. I enjoy building and construction work.I grew up in the trades with my father who was a building contractor and it must be something that is in the blood as my family are mostly all in the trades and doing well.

The business will off course aim towards commercial works but will need at least 3-5 years history and financial records to be able to tender for the better paying jobs. The Domestic market is where we will start and use as a basis to form a foundation before expanding.

 

[ian.settle1]

I dont get how someone with a degree in engineering wants to get involved in domestic work when theres bigger money to be made in the field you came from
excuse the pun. And a nuclear power station being built just north of exeter (Hinkley Point) sure they would have a need for electrical engineers I think the market is flooded with domestic sparks running small businesses as it is.

Yep plenty of 5WWs have flooded the market in the domestic field