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Free Electrical Business Plan Template

A successful electrical business is based on a solid business plan. To help you out, we've designed a business plan template PDF specifically for electrical business owners. Get your copy today!

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Electrician Business Plan PDF Example

• February 28, 2024
• Business Plan

Creating a comprehensive business plan is crucial for launching and running a successful electrician service. This plan serves as your roadmap, detailing your vision, operational strategies, and financial plan. It helps establish your electrician service’s identity, navigate the competitive market, and secure funding for growth.

This article not only breaks down the critical components of an electrician service business plan, but also provides an example of a business plan to help you craft your own.

Whether you’re an experienced entrepreneur or new to the service industry, this guide, complete with a business plan example, lays the groundwork for turning your electrician service concept into reality. Let’s dive in!

Our Electrician Business Plan is strategically crafted to encapsulate all crucial elements necessary for a comprehensive approach. It delineates the company’s operations, market strategies, competitive landscape, team management, and financial forecasts.

• Executive Summary : Offers a snapshot of the electrician business, underscoring the array of electrical services for residential, commercial, and industrial clients, market insights, management expertise, and financial strategy.
• Services & Prices: Enumerates a wide range of electrical services, including installations, maintenance, emergency services, energy-efficient solutions, and safety inspections, complemented by a transparent pricing model.
• Key Stats : Details the market size , growth trends, and electrician demographics in the U.S.
• Key Trends: Discusses the growing demand for smart home technologies, renewable energy integration, LED retrofitting, and the evolving regulatory landscape.
• Key Competitors : Reviews major competitors, assessing their service offerings and market stance.
• Differentiation: Illustrates the unique selling propositions such as tailored electrical solutions, focus on energy efficiency, advanced technological applications, competitive pricing, and a robust online presence.
• SWOT Analysis : Conducts a comprehensive analysis of strengths, weaknesses, opportunities, and threats.
• Marketing Plan : Crafts strategies for outreach and client acquisition, leveraging digital platforms, content marketing, community engagement, and strategic partnerships.
• Timeline : Sets forth pivotal milestones and objectives for the business’s developmental phases and market penetration.
• Management: Introduces the leadership team, accentuating their extensive experience in electrical services and business management, underscoring their roles in steering the company towards its goals.
• Financial Plan: Forecasts the financial trajectory, outlining revenue targets, profit margins, and essential financial metrics, underpinned by assumptions regarding service contracts, pricing strategy , and customer loyalty. Discusses funding initiatives to fuel startup and expansion phases.

Electrician Business Plan

Fully editable 30+ slides Powerpoint presentation business plan template.

Download an expert-built 30+ slides Powerpoint business plan template

Executive Summary

The Executive Summary introduces your electrician business’s business plan, offering a concise overview of your company and its services. It should detail your market positioning, the range of electrical services you offer, including installations, maintenance, and repairs, its location, size, and an outline of day-to-day operations. 

This section should also explore how your electrician business will integrate into the local market, including the number of direct competitors within the area, identifying who they are, along with your business’s unique selling points that differentiate it from these competitors.

 Furthermore, you should include information about the management and co-founding team, detailing their roles and contributions to the business’s success. Additionally, a summary of your financial projections, including revenue and profits over the next five years, should be presented here to provide a clear picture of your business’s financial plan.

Make sure to cover here _ Business Overview _ Market Overview _ Management Team _ Financial Plan

Dive deeper into Executive Summary

Business Overview

Briefly describe your electrician business’s service offerings, emphasizing the breadth and quality of electrical services provided, including residential and commercial installations, maintenance, and emergency repairs.

Mention your business’s location, highlighting its strategic positioning to serve a broad area effectively, the ease of accessibility for your teams to reach clients and any logistical advantages it provides. Explain why this location is beneficial in ensuring prompt and efficient service, which is crucial in emergency electrical situations.

Market Overview

Industry size & growth.

Analyze the electrical services industry’s size and its potential for growth, focusing on opportunities in residential and commercial sectors due to new constructions, renovations, and the shift towards energy efficiency and smart technologies.

Key Market Trends

Highlight the trend towards energy-efficient solutions, the integration of smart home systems, and the increasing need for reliable electrical maintenance. Emphasize the rising demand for electric vehicle charging installations.

Key Competitors

Examine the competition, ranging from large contractors to local electricians. Distinguish your business by emphasizing customer service, specialization in areas like smart technology, and a commitment to safety and compliance.

Make sure to cover here _ Industry size & growth _ Key market trends _ Key competitors

Dive deeper into Key competitors

First, conduct a SWOT analysis for the electrician business, highlighting Strengths (such as certified expertise and a broad range of electrical services), Weaknesses (including market saturation or limited brand recognition), Opportunities (for example, the growing demand for smart home installations and renewable energy solutions), and Threats (such as regulatory changes or economic downturns that may impact construction and renovation projects).

Marketing Plan

Next, develop a marketing strategy that outlines how to attract and retain clients through targeted advertising, promotional offers, a strong online presence, and participation in local community events.

Finally, create a detailed timeline that outlines critical milestones for the electrician business’s launch, marketing initiatives, client base development, and expansion goals, ensuring the business progresses with clear direction and purpose.

Make sure to cover here _ SWOT _ Marketing Plan _ Timeline

Dive deeper into SWOT

Dive deeper into Marketing Plan

The Management section focuses on the electrician service’s management and their direct roles in daily operations and strategic direction. This part is crucial for understanding who is responsible for making key decisions and driving the electrician service towards its financial and operational goals.

For your electrician service business plan, list the core team members, their specific responsibilities, and how their expertise supports the business.

Financial Plan

The Financial Plan section is a comprehensive analysis of your financial projections for revenue, expenses, and profitability. It lays out your electrician service’s approach to securing funding, managing cash flow, and achieving breakeven.

This section typically includes detailed forecasts for the first 5 years of operation, highlighting expected revenue, operating costs and capital expenditures.

For your electrician service business plan, provide a snapshot of your financial statement (profit and loss, balance sheet, cash flow statement), as well as your key assumptions (e.g. number of customers and prices, expenses, etc.).

Make sure to cover here _ Profit and Loss _ Cash Flow Statement _ Balance Sheet _ Use of Funds

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Electrical Contractor Business Plan

Start your own electrical contractor business plan

Premiere Electric

Executive summary executive summary is a brief introduction to your business plan. it describes your business, the problem that it solves, your target market, and financial highlights.">, opportunity.

The population in Richmond is growing. With more people come the need for more apartments and stores, in other words, new construction. New construction needs skilled electricians that can wire everything.

Premiere Electric is a new electrical contracting firm that Robin has started to serve the former Gardner and Miller customers, as well as expand her services to new customers in the tri-county area.

The market for commercial electrical contracting services is very fragmented and crowded. Among these, only a few are large firms with 20 or more electricians on staff. The remainder are small firms with less than three full-time electricians. Premiere Electric’s current niche is its strong relationship with former customers of Gardner and Miller, but this will not be sufficient for growth in a competitive market.

By focusing on data, communication and electrical installation and maintenance, Robin reduces her direct competitors to two large electrical firms that bid on the area’s largest projects. Though one day, Premiere Electric plans to be a force in the area’s largest projects, an opportunity exists now for new customers whose smaller projects are not being pursued aggressively by Robin’s competitors.

Competition

There are quite a few electric contractors in Richmond: Above Code Electric, Frazier Electrical, H.O. Feild Electric company, Prism Industries and Langhorne Electric to name a few. 

All of them advertise many years experience, training and customers who trust them. Electrical contractors enter their customer’s home. They need to do excellent work as well as be able to be in someone’s house without danger of invading privacy. 

Premiere Electric’s mission is to offer its customers the highest-quality electrical services. Robin focuses on personalized service by offering convenience and rapid service. Additionally, Premiere Electric has the technological expertise to install wireless voice and data systems, as well as intelligence systems in any size facility. Finally, Robin has strong vendor relationships with the most service conscious vendors who are capable of shipping major parts rapidly (on an overnight timeline in most cases) minimizing the system down time for Premiere Electric customers.

Expectations

Currently, there is $100,000 worth of business with former Gardner and Miller customers. Robin believes she can capture a lion’s share of it and build from that base. She will start as the firm’s only employee but will hire additional electricians as her sales grow.

Financial Highlights by Year

Financing needed.

We will be getting $62,000. Robin will invest $40,000 and we will get a $22,000 long term loan. 

Problem & Solution

Problem worth solving.

The population in Richmond is growing. With more people come the need for more apartments and stores, in other words, new construction. New construction needs skilled electricians that can wire everything

Our Solution

Premiere Electric’s focus is to meet the demands of the former Gardner and Miller customer base. Premiere Electric has established relationships with these companies and believes we will receive referral business from them over time. The company estimates that 80% of revenues will come from old Gardner and Miller clientele and 20% from new referrals and business. Though the former Gardner and Miller clientele will be important during the first year of business, Robin knows the future of the business is new referrals. 

Target Market

Market size & segments.

Many factors are contributing to this projected building growth, notably regulation, demographics, inexpensive capital, a strengthening U.S. economy, and technology. Alternative delivery methods are helping to make projects viable where they otherwise would not be.

Labor shortages may Impede growth to some extent will be. According to the Bureau of Labor Statistics, employment rose in 43 states in October, while declining in seven states. Finding qualified workers to perform the work has become onerous. Immigrant labor from Central America has helped somewhat, but the need for more skilled craftsman—electricians, pipefitters, plumbers etc.—will not be filled through immigration. Labor shortages will begin to slow growth and create wage inflation.

COMMERCIAL CONSTRUCTION FORECAST

RETAIL STORES AND MALLS

Online sales continue to grow, and extreme discounters keep expanding. Major retail chains and deep-discount stores will lead construction growth in this sector, although there will be some significant activity among regional and national grocery, drugstore, and quick-service restaurants. Specialty stores in urban cores will also contribute to growth, as will e-commerce warehouses. Look for increased activity in store renovations as well. There is the potential for 9% construction growth in this sector in 2016. Retailers will continue to fret about a possible increase in the federal minimum wage and the strength in the overall U.S. economy, which could slow growth.

COMMERCIAL WAREHOUSES

Commercial warehouse construction is being buoyed by regional distribution centers for major retailers and the positive effect of the Panama Canal expansion. The strong dollar and a weakened global are pushing up imports of cheaper goods into the U.S., driving up warehouse construction. We are looking at an 8-10% growth in this sector in 2016. A slowdown in the U.S. economy could be a drag on this sector, but not by much.

MULTIFAMILY HOUSING

Multifamily housing remains the star performer in this recovery. The 20-34 age demographic (children of Baby Boomers) is growing. This age group is the typical renter. The untypical renter is the growing 55-64 demographic of empty nesters. These two age groups are pushing up demand for rental housing. They are demanding walkability and high-end amenities in a work-live-play environment.

A significant amount of capital is chasing the apartment sector, a trend that does not seem to be abating anytime soon. Deals can be financed at 3%, making them easy to justify, especially in light of the available fixed-income alternatives, which can’t come close to real estate.

Expect growth to remain torrid at 17-20% in 2016. Rental demand is on the rise and shows no signs of slowing down. Most markets cannot keep up with current demand, making this segment a star performer for 2016 and most likely beyond.

Demographics and the strengthening U.S. economy are helping to drive construction growth. As the economy strengthens, employment is increasing. After sitting on the sidelines for the past few years, businesses and developers are building new office space.

Millennials (age 18-34), who now outnumber Baby Boomers, are traveling more than other demographic groups, which is feeding hotel growth and remodeling. The strengthening economy is increasing discretionary income, helping the lodging and retail sectors. Millennials are impatient shoppers, making it imperative for retailers to invest in more robust order fulfillment systems and fast and excellent customer service. Retailers who ignore Baby Boomers do so at their own risk. Boomers have significant financial resources and are much more active and educated buyers than previous older generations. 

Baby Boomers and the Affordable Care Act are infusing life into what just a few years ago was a moribund healthcare construction sector. Emphasis will be placed on preventive care and wellness initiatives for younger Boomers, as well as more traditional acute care for the older demographic.

Inexpensive capital is flowing into urban-core areas, especially those with a strong presence in healthcare, education, and the life sciences. In general, areas with historically high rents are faring much better than areas that rise and fall with the economy. Lower rent areas are also seeing some growth, but it is more tepid than in the urban cores.

These are heady times for builders, and there is cause for optimism. While it is true that certain larger issues, such as industry labor shortages or another financial crisis emanating from China, could slow down growth, the way things look today, this train has miles to go before running out of steam.

Current Alternatives

All of them advertise many years experience, training, and customers who trust them. Electrical contractors enter their customer’s home. They need to do excellent work as well as be able to be in someone’s house without danger of invading privacy. 

Some try and stand out like Above Code Electric which focuses on electric fan installations, or Prism Industries which focuses on TV and television installations. Others like Frazier Electric and H.O. Feild Electric are general contractors but are not locals, they are are a couple towns over.

Then there are our direct competitors like Langhorne Electric who focuses on electrical wiring upgrading for residential and commercial buildings. 

Our Advantages

When Robin opted to start her own company and take matters into her own hands,  this was just another step in her quest to deliver services to customers that were second to none. As a woman in the male-dominated electrician profession, it has always been Robin’s competitive edge that has pushed her ahead with customers and employers. Her focus on new electrical technology places her in a unique situation. Both her major competitors had sought her services when Gardner and Miller announced the company’s departure from the area. Her reputation for quality work and excellent customer skills could have landed her with a new employer and a bigger pay check. The Richmond tri-county area is booming with new commercial construction, including a new research park and airport. Robin’s technical skills in data retrieval and communication systems will be a valuable asset for a company to have in the next five years.

Keys to Success

Premiere Electric’s keys to success include:

• Expedient and convenient electrical services.
• Growing and maintaining a referral network of customers.
• Focus expertise in data, communication and electrical installation and maintenance.
• Rapid order and delivery of electrical components.

Marketing & Sales

Marketing plan.

Premiere Electric’s focus is to meet the demands of the former Gardner and Miller customer base. Premiere Electric has established relationships with these companies and believes we will receive referral business from them over time. The company estimates that 80% of revenues will come from old Gardner and Miller clientele and 20% from new referrals and business. Though the former Gardner and Miller clientele will be important during the first year of business, Robin knows the future of the business is new referrals. The table below further estimates the total market potential of the type of services rendered by Premiere Electric in the Richmond tri-county area.

We plan on having a sales plan that takes advantage of the relationships we had before we re-organized. The millennials are the biggest growing part of the market. To gain new clients we will take advantage of Social Media. We will speak directly to them by Twitter and Facebook. We have green initiatives and a website that speaks directly to them. Our well-trained sales team will take over once they come our way. 

The services rendered by Premiere Electric can cover a project in its entirety from original concept to acceptance of completed construction work.

• Consulting services : engineering studies (functional analysis), evaluations and recommendations (value engineering analysis), feasibility studies, master planning.
• Design services : cost estimates, design analysis, project scheduling, conceptual drawings: electrical standards, specifications.
• Field services : 24-hour emergency service, troubleshooting, field engineering liaison and inspection, commissioning and checkout, customer representation at acceptance testing of equipment, preventive maintenance programs.
• Construction services : commercial and industrial.

Milestones & Metrics

Milestones table.

Key Metrics

Our key metrics are: 

• inventory turnover 
• Tweets and Retweets 
• Facebook views and shares 
• returning customers 
• customer referral program 

Ownership & Structure

Robin Sullivan is the sole owner proprietor and employee of Premiere Electric.

Management Team

Premiere Electric is owned by its sole employee, Robin Sullivan. Robin is a talented electrician who holds a Bachelor of Science degree from Eastern College that she obtained while working full-time as an electrician. Robin entered the world of electricity at just the right time when national legislation made it possible for her to join the electricians’ union. She started her apprenticeship and early training as an electrician in St. Louis, Missouri in 1978. She later relocated to the Richmond area in 1983 and has worked in the local number three jurisdiction for the past 18 years.

For the past 10 years with Gardner and Miller, Robin has focused on the new electrical technologies as new industries and commercial growth have come to the Richmond area. During that time, she has created a base of customer support that praises her ability to handle all aspects and responsibilities of the design and engineering process.

Personnel Table

Financial Plan investor-ready personnel plan .">

Key assumptions.

Our key assumptions are: 

• Buildings need electricity 
• Electricity wires fray and need repair 
• As technology gets more advanced it needs more electricity to accomplish its tasks
• Tech boom never dies, just changes. We will always have customers looking for services 

Revenue by Month

Expenses by month, net profit (or loss) by year, use of funds.

Our Startup Expenses are: 

Stationery etc.$100

Brochures$200

Start-up Inventory$10,000

TOTAL $10,300

Sources of Funds

We will be getting $69,000. Robin will invest $47,000 and we will get a $22,000 long term loan to cover the inventory as well as some machinery. 

Projected Profit & Loss

Projected Balance Sheet

Projected Cash Flow Statement

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Free Electrical Business Plan PDF Download | Electrical Shop Business Plan

How to Start an Electrical Business - Free Electrical Business Plan PDF Download

Are you considering starting an electrical business and are in need of an electrical business plan? if yes, you'll find this free book to be extremely helpful.

This is a practical guide that will walk you step by step through all the essentials of starting your business. The book is packed with guides, worksheets and checklists. These strategies are absolutely crucial to your business' success yet are simple and easy to apply.

Don’t Start a New Electrical Business Unless You Watch This Video First!

Checklist for Starting a Business: Essential Ingredients for Success

If you are thinking about going into business, it is imperative that you watch this video first! it will take you by the hand and walk you through each and every phase of starting a business. It features all the essential aspects you must consider BEFORE you start a business. This will allow you to predict problems before they happen and keep you from losing your shirt on dog business ideas. Ignore it at your own peril!

Here’s a Valuable Free Gift for You This is a high quality, full blown business plan template complete with detailed instructions and all related spreadsheets. You can download it to your PC and easily prepare a professional business plan for your business. Click Here! To get your free business plan template

The Single Most Important Ingredient for Business Success

The first and most important thing you need to acquire in order to succeed in a small business is... knowledge.

Sounds exaggerated? Listen to this...

According to research conducted by Dun & Bradstreet, 90% of all small business failures can be traced to poor management resulting from lack of knowledge.

This is backed up by my own personal observations. In my 31 years as a business coach and consultant to small businesses, I've seen practically dozens of small business owners go under and lose their businesses -- not because they weren't talented or smart enough -- but because they were trying to re-invent the wheel rather than rely on proven, tested methods that work.

Conclusion: if you are really serious about succeeding in a business... If you want to avoid the common traps and mistakes... it is absolutely imperative that you acquire the right knowledge.

"Why Invent Mediocrity, When You Can Copy Genius?"

That's an excellent quote I picked up from a fellow business owner a few years back. What this means is that you should see what is working and try to duplicate it. Why go through all the trouble of inventing something new, that you don't even know will ever work, when you can easily learn from and duplicate something that has been a proven success?

[ Note: One of the BIGGEST mistakes almost all new businesses make is that they WASTE tons of valuable time, energy and money on trying to create something "new", that has never been tested or proven... only to find out later that it was a total loss. Don't make the same mistake! ]

Hi! My name is Meir. I'm the founder and president of BizMove.com, a successful Internet based information business. I'm also the author of numerous books, mostly in the area of small business management.

I've been involved in small business for the past 31 years of my life, as a business coach, manager of a Electrical firm, a seminar leader and as the owner of five successful businesses.

During my career as a business coach and consultant I've helped dozens of business owners start their businesses, market, expand, get out of troubles, sell their businesses and do practically every other small business activity you can think of. You see, I have been there .... done it ... and bought the Small Business t-shirt! -- This free book contains techniques and strategies I've learned during my 31 year small business career.

Here's what you'll discover in the 'How to Start a Electrical Business' book:

Success Tip: Setting Goals

Good management is the key to success and good management starts with setting goals. Set goals for yourself for the accomplishment of the many tasks necessary in starting and managing your business successfully. Be specific. Write down the goals in measurable terms of performance. Break major goals down into sub-goals, showing what you expect to achieve in the next two to three months, the next six months, the next year, and the next five years. Beside each goal and sub-goal place a specific date showing when it is to be achieved.

Plan the action you must take to attain the goals. While the effort required to reach each sub-goal should be great enough to challenge you, it should not be so great or unreasonable as to discourage you. Do not plan to reach too many goals all at one time.

Establish priorities. Plan in advance how to measure results so you can know exactly how well you are doing. This is what is meant by "measurable" goals. If you can’t keep score as you go along you are likely to lose motivation. Re-work your plan of action to allow for obstacles which may stand in your way. Try to foresee obstacles and plan ways to avert or minimize them.

Click here! to download your Electrical Business Plan book for free (PDF version)

Management Skills Video: How to Become a Great Manager and Leader

Learn how to improve your leadership skills and become a better manager and leader. Here's how to be the boss people want to give 200 percent for. In the following video you'll discover 120 powerful tips and strategies to motivate and inspire your people to bring out the best in them.

For more insightful videos visit our Small Business and Management Skills YouTube Chanel .

Here're other free books in the "how to start a business" series that may interest you:

Here's a Sample 'Executive Summary' for a Electrical Business plan :

COMPANY NAME ADDRESS CITY, STATE, ZIP CODE Tel.  Fax: Email:

COMPANY NAME is an Electrical Sub-Contractor, primarily doing commercial, industrial, medical and residential. COMPANY NAME offers value engineering for energy evaluation & efficiency. The purpose of the company's plan is to grow in the fields mentioned above as well as branch out into Nevada, Arizona & New Mexico. COMPANY NAME also wants to further the company's market share in the solar/energy and the service industry.

1.1 Objectives

1. To fund growth of existing business & increase market share of our service business 2. Expand into the field of energy/solar 3. With additional capital the ability to bid larger projects.

1.2 Mission

COMPANY NAME 's sole purpose is to establish a profitable and well managed company while at the same time designing to please the local residents with excellent service in California.  COMPANY NAME’s near future plans are to grow the company's electrical contracting business in California and other states such as Nevada, Arizona and New Mexico.  The company will seek to provide these services in the timeliest manner and with an ongoing comprehensive quality control program to provide 100% customer satisfaction.

1.3 Keys to Success

1.  Servicing and maintaining our existing client base 2.  Having employees that understand and implement our high standards 3.  Reliability and communication with clients from beginning of each job to end.

COMPANY NAME is in the city of Orange and has been in the county of Orange since 1994, servicing Los Angeles, Riverside, San Bernardino and San Diego counties. We provide electrical contracting services to a wide range of clients, including owners and general contractors, mainly in the medical field. COMPANY NAME's current corporate office is at [INSERT ADDRESS].   The company's corporate office is a 4,650 sq ft concrete tilt up building. This corporate office houses all administrative operations, with warehouse space used for inventory and service vehicles. All of the work is done at many off-site locations.

2.1 Company Ownership

COMPANY NAME is a privately held C Corporation where OWNER’S NAME is president & secretary and CO-OWNER’S NAME is Vice President.

2.2 Company History

In 2006 and 2007 COMPANY NAME experienced a decrease in sales due to California budget cuts for the company's voice and data division that had provided services to Employment Development Departments.   The decrease in sales was also due to existing clients who were very slow in paying for services rendered.  COMPANY NAME had also made the decision to focus more on the medical field and their primary client base. The company had cut ties with three general contractors and proceeded to establish new contacts within the medical field. The year of 2008 was a great year and COMPANY NAME was on track to double sales; however the economy was starting to slow. 2009 was a respectable year, however, again, due to the economy COMPANY NAME re-evaluated again to expand into solar/energy industry.

Table: Past Performance

3.0 Services

COMPANY NAME 's products are: 1) Design build which is based on a per square foot price. 2) Contract work which is specific to a certain set of blueprints/drawings. 3) Service work that is based on an hourly rate.

COMPANY NAME will focus on four main markets within the industry such as: MEDICAL This field is a viable source of business now and due to ever changing technology a great source of future business that will sustain us long term. SERVICE There will always be a need for service and this is an area that we have never taped into and believe there is great potential. COMMERCIAL/INDUSTRIAL This has been the company's main focus; COMPANY NAME has built great long term relationships with building owners who now look for our guidance in directing their energy improvements. SOLAR/ENERGY We feel we always need to look at new trends and stay ahead of change in our approach to long term sustainability.

How to Organize Paperwork for Business

We must all be efficient and productive in today's business world. Being organized helps you handle tasks quickly so that you have more time and space to do what you truly want to do.

1. One-time mail system.

Have an In Box on your desk for new mail/information. Look at your mail once a day. Review each piece of mail once to decide whether to do it, delegate it or dump it. If it adds value to your business or is required for doing business, do it or delegate it. If not, then dump it. If you keep it, then categorize it using the A, B, C system. Use your time wisely.

2. Categories for performing your work.

Set up desk trays labeled A, B, and C. Items in category A must be handled today. Category B items must be handled this week. Category C items are generally filing that must be kept because they have some value, such as invoices, tax returns, and statements.

3. Prioritize your work within categories A and B.

Sort the categories into 1, 2, and 3. A1 must be done NOW, it is "hot" or "urgent." A2 can be done this AM. A3 can be done by the end of the day. B1 is done on Monday. B2 done by Wednesday. B3 done by the end of the week. Make the decision once, then do the work.

Set a day and time each week for filing. Don't let it stack up. Give yourself space to work.

5. Purge your files on a regular schedule.

For example, purge files every six months. Send these documents to storage. This gives you more space to work.

6. Storing records.

Store documents in boxes. Mark the contents of each box. For instance, clients A-F2013. Mark the destruction date on the box, D = June 02. Base your destruction date on the legal requirements for your industry.

7. Toss out stored documents on a regular schedule.

For example, two times per year, visit the storage area and remove boxes that are beyond the destruction date. Depending on your industry, they may need to be shredded rather than put in the trash.

8. Color code your records.

For example, clients with first names beginning with A-F are in Orange folders; G-K Yellow; L-P Blue; Q-Z Green. This will save you time when you are searching for a file. You can also apply this to AP, AR, Payroll, and Taxes. This can also be done by year. For example, 2012 AP is blue; 2013 AP is purple.

9. Hot files.

Put a red cover on files that you consider "hot." These could be urgent projects, legally or financially sensitive, or important VIP clients. Keep these visually at your fingertips.

10. Use out guides.

If you work with other people and share files, create a check-out system so that files are not lost. Put the file name, taken-by name, and date on a card and place it in an out guide box. When you can't find what you want, check the box to see if your co-worker is using the file. Be sure to remove the card from the box when you return the file.

Copyright © by Bizmove Free Business Guides. All rights reserved.

Electrical Contractor Business Plan Template

Written by Dave Lavinsky

Electrical Contractor Business Plan

Over the past 20+ years, we have helped over 1,000 entrepreneurs and business owners create business plans to start and grow their electrical contracting businesses. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through an electrical contractor business plan template step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What is an Electrical Contractor Business Plan?

A business plan provides a snapshot of your electrical contractor business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for an Electrical Contracting Business

If you’re looking to start an electrical contractor business, or grow your existing electrical contractor business, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your electrical contractor business in order to improve your chances of success. Your electrical contracting business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Electrical Contractor Businesses

With regards to funding, the main sources of funding for an electrical contractor business are personal savings, credit cards, bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the electrical contractor will not only want to confirm that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for electrical contractor businesses.

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How to write a business plan for an electrical contracting business.

If you want to start an electrical contracting business or expand your current one, you need a business plan. Below are the details for each section of your electrical contractor business plan template:

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of electrical contractor business you are operating and its status. For example, are you a start-up, do you have an electrical contractor business that you would like to grow, or are you operating a chain of electrical contractor businesses?

Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the electrical contractor industry. Discuss the type of electrical contractor business you are operating. Detail your direct competitors. Give an overview of your target market. Provide a snapshot of your marketing plan. Identify the key members of your team. And offer an overview of your financial plan.  

Company Analysis

In your company analysis, you will detail the type of electrical contractor business you are operating.

For example, you might operate one of the following types of electrical contractor businesses:

• Commercial Electrical Contractor : this type of electrical contractor business will focus on developing outdoor spaces such as college campuses, parks, gardens and more.
• Residential Electrical Contractor: this type of electrical contractor business collaborates with homeowners to design and/or install electrical and electronic systems.
• Industrial Electrical Contractor: this type of electrical contractor business works on large projects for manufacturers or warehouse facilities.

In addition to explaining the type of electrical contractor business you will operate, the Company Analysis section of your business plan needs to provide background on the business.

Include answers to question such as:

• When and why did you start the business?
• What milestones have you achieved to date? Milestones could include the number of customers served, number of positive reviews etc.
• Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry analysis, you need to provide an overview of the electrical contractor industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the electrical contractor industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your strategy, particularly if your research identifies market trends.

The third reason for market research is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your electrical contractor business plan:

• How big is the electrical contractor industry (in dollars)?
• Is the market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What is the industry’s growth forecast over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential market for your electrical contractor business? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your electrical contractor business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: homeowners, businesses, general contractors, developers, etc.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of electrical contractor business you operate. Clearly, a homeowner would respond to different marketing promotions than a local government, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations and income levels of the customers you seek to serve. Because most electrical contractor businesses primarily serve customers living in their same city or town, such demographic information is easy to find on government websites.

Psychographic profiles explain the wants and needs of your target audience. The more you can understand and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other electrical contractor businesses.

Indirect competitors are other options that customers have to purchase from that aren’t direct competitors. This includes in-house electricians and homeowners who do minor electrical work themselves. You need to mention such competition as well.

With regards to direct competition, you want to describe the other electrical contractor businesses with which you compete. Most likely, your direct competitors will be electrical contractors located very close to your location.

For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:

• What types of customers do they serve?
• What types of projects do they specialize in?
• What is their pricing (premium, low, etc.)?
• What are they good at?
• What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you provide a wider array of services?
• Will you provide special discounts or perks for returning customers?
• Will you provide better customer service?
• Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For an electrical contractor business plan, your marketing plan should include the following:

Product : In the product section, you should reiterate the type of electrical contracting business that you documented in your Company Analysis. Then, detail the specific products you will be offering. For example, in addition to installing traditional electrical systems, will you also install smart home control systems or fire and security systems?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the services you offer and their prices.

Place : Place refers to the location of your electrical contractor company. Document your location and mention how the location will impact your success. For example, is your electrical contractor business located in a growing community with a booming construction sector, etc.  Discuss how your location might be the ideal location for your customers.

Promotions : The final part of your electrical contractor marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:

• Advertising in local papers and magazines
• Reaching out to local websites
• Social media marketing
• Local radio advertising

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your business operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your electrical contractor business, including marketing your business, working on current projects, prepare for upcoming projects, and overseeing the entire project.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to install your 500 th electrical system, or when you hope to reach $X in revenue. It could also be when you expect to expand your electrical contractor business to a new city.  

Management Team

To demonstrate your electrical contractor business’ ability to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally you and/or your team members have direct experience in managing electrical contractor businesses. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act like mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in overseeing construction projects or successfully running their own electrical contractor businesses.  

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.

Income Statement : an income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you work on 1 project at a time or will you oversee multiple projects at any given time? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets : Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your electrical contractor business, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement : Your cash flow statement will help determine how much money you need to start or grow your business, and make sure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing an electrical contractor business:

• Cost of equipment and supplies
• Payroll or salaries paid to staff
• Business insurance
• Taxes and permits
• Legal expenses

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your office location lease or contracts for upcoming projects.  

Putting together a business plan for your electrical contractor business is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will really understand the electrical contractor industry, your competition, and your customers. You will have developed a marketing plan and will really understand what it takes to launch and grow a successful electrical contractor business.

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Learn more about Business Plan in Philippines

Using a business plan in the Philippines is crucial for several reasons. Firstly, a business plan serves as a roadmap that outlines the goals, strategies, and financial projections for a business venture. It helps to clarify the direction and vision of the business, ensuring that all stakeholders are aligned. Additionally, a well-developed business plan is often required when seeking financing from banks, investors, or government institutions. It demonstrates the feasibility and potential profitability of the business, increasing the chances of obtaining funding. Themis Partner helps you draft the best business plan for your company while being fully compliant with Philippines Laws.

📄  Related documents

Table of contents, what is a business plan, when do you use business plan for your business, why is a business plan important for success, what does a business plan include in the philippines, how to make a business plan for the philippine market, what are the tips for writing a business plan for startups, how important is market research in developing a business plan, how to incorporate financial projections into my business plan.

A business plan is a comprehensive document that outlines the goals, strategies, and financial projections of a business. It serves as a roadmap for entrepreneurs, providing a clear vision of their business idea and how they plan to achieve success. A well-crafted business strategy roadmap includes sections such as an executive summary, company description, market analysis, marketing strategies, organizational structure, financial projections, and more. It helps entrepreneurs articulate their business concept, understand their target market, identify potential challenges, and plan for growth and sustainability.

Business plans are typically used in various scenarios throughout the lifecycle of a business. They are essential when starting a new venture as they provide a blueprint for success, helping entrepreneurs secure funding from investors or financial institutions. A business plan is also beneficial when seeking partners or collaborators, as it outlines the business’s potential and growth prospects. Moreover, established businesses can use these strategic roadmaps to strategize for expansion, diversification, or entering new markets. Additionally, a strategic roadmap can be periodically reviewed and updated to assess progress, make necessary adjustments, and attract new investors or stakeholders.

A comprehensive business plan is vital for success in the Philippines due to several reasons. Firstly, it helps entrepreneurs gain a deep understanding of the local market dynamics, consumer behavior, and competition. The Philippine market is diverse and rapidly evolving, making market knowledge crucial for business sustainability. A well-researched business strategic roadmap allows entrepreneurs to identify and capitalize on market opportunities, mitigate risks, and make informed decisions. The business strategic roadmap is essential for attracting investors in the Philippines. Investors often require a thorough strategic roadmap to assess the viability and potential of a venture. A comprehensive plan demonstrates professionalism, preparedness, and a strategic approach to business development. It provides investors with the necessary information to evaluate the financial projections, growth prospects, and return on investment. A strategic roadmap serves as a roadmap for entrepreneurs, outlining their goals, strategies, and milestones. It helps in aligning the efforts of the entire organization and provides a basis for decision-making. A well-structured plan enhances operational efficiency, resource allocation, and risk management, ultimately contributing to the overall success of the business in the dynamic Philippine market.

By incorporating these key elements into your business plan, you can create a comprehensive and tailored document that addresses the specific needs of ventures in the Philippines. This ensures that your document aligns with the local market dynamics, consumer preferences, and regulatory environment, increasing the chances of success.

1. Executive Summary: This section provides a concise overview of the business, its mission, vision, unique selling proposition, and key highlights.

2. Company Description: Describe the nature of the business, its legal structure, products or services offered, and the target market in the Philippines.

3. Market Analysis: Conduct a thorough analysis of the Philippine market, including market size, growth trends, customer demographics, and competitive landscape.

4. Marketing and Sales Strategies: Outline your marketing and sales approach, including pricing strategies, distribution channels, promotional activities, and customer acquisition plans.

5. Organizational Structure: Define the organizational structure of your business, including key management personnel, their roles, and responsibilities.

6. Product or Service Offering: Provide detailed information about your products or services, including their unique features, benefits, and competitive advantages in the Philippine market.

7. Financial Projections: Include financial statements, such as income statements, balance sheets, and cash flow projections, to showcase the financial feasibility and profitability of the venture.

8. Risk Assessment and Mitigation: Identify potential risks and challenges that may impact your business in the Philippine market and outline strategies to mitigate them.

9. Implementation Plan: Outline the steps and timelines for executing your document, including key milestones and resource requirements.

Step 1. Executive Summary

Provide an overview of your business idea, including your goals, target market, and unique value proposition for the Philippine market.

Step 2. Market Analysis

Conduct comprehensive research on the Philippine market, including customer demographics, buying behaviors, cultural nuances, and trends. Identify market gaps, competition, and potential opportunities specific to the Philippines.

Step 3. Business Concept and Value Proposition

Clearly articulate your business concept and how it addresses the needs of the Philippine market. Highlight your unique value proposition and how it differentiates you from competitors.

Step 4. Marketing and Sales Strategy

Outline your marketing and sales strategies tailored to the Philippine market. Define your target customers, pricing strategy, distribution channels, and promotional activities. Consider leveraging digital marketing platforms, local partnerships, and culturally relevant marketing approaches.

Step 5. Operational Plan

Detail the operational aspects of your business, including location, facilities, equipment, and production processes. Consider local regulations, permits, and licensing requirements that Philippines Laws may apply.

Step 6. Organization and Management

This document may indicate stability for your firm by demonstrating that you have planned ahead of time so that any issue can be resolved easily and quickly. This is very crucial for banks and other creditors who may be interested in investing in your firm.

Step 7. Product or Service Offering

Provide a comprehensive description of your products or services and how they meet the needs of the Philippine market. Highlight any customization or localization efforts specific to the local preferences and cultural context.

Step 8. Financial Projections

Develop realistic financial projections, including sales forecasts, expense estimates, and projected profitability. Consider local market conditions, pricing dynamics, and costs specific to the Philippine market.

Step 9. Risk Assessment and Mitigation

Identify potential risks and challenges that your business may face in the Philippine market. Develop strategies to mitigate these risks, such as contingency plans, partnerships, or diversification strategies.

Step 10. Implementation Plan

Create a step-by-step action plan outlining the tasks, timelines, and responsibilities for launching and operating your business in the Philippine market. Include milestones and measurable goals to track your progress.

ℹ️ Themis Partners legal experts also help you in your company registration so it helps you select the right type of company and ensure a full compliance to the Philippine Laws.

Writing an effective business plan for startups in the Philippines requires a focused and strategic approach. Begin by clearly articulating your business concept, value proposition, and target market, emphasizing what sets you apart from local competitors. Conduct thorough market research to understand customer needs and preferences, and tailor your products or services accordingly. Outline your marketing and sales strategies, incorporating digital marketing techniques and innovative promotional campaigns to reach and attract your target customers. Showcase your understanding of the local competitive landscape and explain how your startup will gain a competitive edge. Present a comprehensive financial plan with realistic revenue projections, expense forecasts, and a clear path to profitability. Highlight the qualifications and experience of your team, demonstrating their commitment to the success of the startup. By following these tips, you can create a compelling strategic roadmap that resonates with potential investors and stakeholders in the Philippines.

Market research and analysis play a critical role in developing a business plan for the Philippine market. It provides valuable insights into customer preferences, market trends, competition, and industry dynamics. Here’s why market research is important:

By incorporating comprehensive market research and analysis into your business plan, you demonstrate a thorough understanding of the Philippine market. This increases the credibility of your plan, enhances its strategic relevance, and positions your business for success in the dynamic and competitive Philippine market.

Financial projections and forecasting play a vital role in a business plan for ventures in the Philippines, providing a clear understanding of the financial feasibility and profitability of your business. To incorporate financial projections into your plan, develop realistic revenue projections based on market research and sales estimates. Estimate expenses comprehensively, considering operational costs, marketing expenses, and other relevant expenditures. Create a cash flow projection to track cash inflows and outflows, and conduct a break-even analysis to determine the point of profitability. Determine your financing needs and outline plans for raising capital, while considering sensitivity analysis to assess potential market fluctuations. By including comprehensive financial projections in your strategic roadmap, you demonstrate financial acumen, attract potential investors, and provide a strong foundation for decision-making and resource allocation in the Philippines.

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Electrical Hardware Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Construction & Engineering

Are you about starting an electrical hardware company? If YES, here is a sample electrical hardware business plan template & FREE feasibility report.

A hardware business typically manufactures or sells hand and power tools, building materials, fasteners, keys, locks, hinges, chains, electrical supplies, plumbing supplies, cleaning products, housewares, utensils, and paint. These businesses are designed for DIY consumers and handymen (as well as tradesmen) who need a location to acquire supplies for projects.

A small hardware store can be established for less than $100,000. Startup costs include rent for the building, start-up inventory, display setup, and cash reserve for staffing and labor costs. Start-up inventory will likely run between $50,000 and $75,000.

Ongoing expenses for this kind of business include supplies, rent, utilities, and insurance. All of these costs will vary significantly depending on your location.

Your customers in this business will mainly be DIY customers or handymen. However, an electrical hardware store can set up trade accounts with local tradesmen to acquire steady business. Note that email marketing is an underutilized strategy in this industry because most electrical hardware stores depend on word of mouth and foot traffic.

But, by emailing your existing customers on a regular basis, you can generate significantly higher revenue than depending on people randomly coming into your store when they need something. A well-structured and targeted email campaign would also allow you to better predict revenue and profit.

A Sample Electrical Hardware Business Plan Template

1. industry overview.

The Electrical Equipment Industry is made up of companies that manufacture and sell a range of products to a diverse customer base. Although this sector is fragmented, there are a few members that strive to claim a sizable portion of sales.

Products include electrical motors, commercial and industrial lighting fixtures, heating, ventilation and air conditioning systems and components, and, among others, electrical power equipment. Operating structures involve high fixed costs.

Too, copper, aluminum and steel are essential raw materials used in the manufacture of products. (Fluctuations in commodity prices can have an impact on earnings).

The industry spans all corners of the world, and it is subject to the influence of the macroeconomic cycle. These companies majorly serve the mature markets of North America and Europe, but they have found growth venues in the emerging world.

According to reports, massive global coverage helps to smooth the effects of the broader business cycle. Capable management is meanwhile needed to oversee long distribution networks and far flung operations. Most recently, companies have created more overseas brick-and-mortar facilities, which has allowed them to better serve local markets economically and limit the negative impact of foreign currency exchange.

According to industry reports, top- and bottom-line trends in the industry often track the broad economic cycle. Within short periods of prosperity, when they are flush with cash, customers are comfortable expanding their capital budgets and spending on electrical equipment.

Sometimes, when there is uncertainty as to the direction of the economy, those controlling the purse strings delay spending decisions, which can hurt short-term operating results. Also, when business conditions are very challenging, customers may pull back dramatically on equipment orders.

Companies try to repair and replace equipment during regular, seasonal or cyclical slack periods. Often, managers will attempt to extend the useful life of equipment as long as possible. Meanwhile, there are some major indicators of the industry’s prospects.

The Institute of Supply Management’s Purchasing Managers Index offers a near real-time view of manufacturing production, employment levels, new orders, supplier deliveries and inventory turnover. For instance, a reading above 50 shows expansion, and one below that figure marks a manufacturing contraction.

Durable Goods Orders, released by the U.S. Census Bureau, is another crucial statistic. These consumer goods last three years or more and are relatively expensive. Month-to-month trends are a good indication of whether the economy is cycling up or down.

Additionally, the Federal Reserve Board regularly releases capacity utilization figures. Utilization is high when demand is strong and low when demand is weak. Capacity utilization rates above 80% suggest that equipment spending will rise; such levels may also indicate that inflation will increase.

2. Executive Summary

Billing Main Stores (BMS) is a new electrical hardware business that will design and sell strong and long lasting power protection products in Downtown Billing, Montana. We will be successful because our plan is to provide a distinctive service different to what the industry are already used to. At Billing Main Stores, we expect an optimistic gross margin over the industry average.

We plan to achieve this due to the new approach to service we bring to the industry and our diversified workforce. We boast of durable workforce from different backgrounds, but with the prerequisite skills and zeal to present our customers with an experience they won’t forget in a hurry.

Our goal is to provide our customer with an enjoyable, honest service by satisfying individual customers electrical equipment needs. Our business location, The Billings trade area serves over a half million people. Known as a major trade and distribution center, the city is home to many regional headquarters and corporate headquarters.

With Montana having no sales tax, Billings is a retail destination for much of Wyoming, North and South Dakota as well as much of Montana east of the Continental Divide. $1 out of every $7 spent on retail purchases in Montana is being spent in Billings.

Also, the percentage of wholesale business transactions done in Billings is even stronger: Billings accounts for more than a quarter of the wholesale business for the entire state. Billings is an energy center sitting amidst the largest coal reserves in the united states as well as large oil and natural gas fields.

At Billing Main Stores, profits made at first will be used to settle any overhead costs related to purchasing inventory. We have chosen to outsource production because we have numerous relationships with contract manufacturers that can make the products for far less than we can.

We also acknowledge that production would create significant capital costs which are truly unnecessary. The beauty of this Business model is the usage of contract manufacturers and the leveraging of other viable resources to grow our business.

Billing Main Stores was founded by a group of friends, headed by Mr. Gregory Cameral in May 2019. Mr. Gregory Cameral has an MBA from Montana State University and has experience working for the large electrical company SONY as an assistant project manager, and Concord Current as an executive in the value added services department.

Billing Main Stores has been forecasted to achieve impressive sales for years two and three, with correspondingly respectable net profit. Having completed nearly 12 years at various electrical business establishments, Mr. Gregory has a complete knowledge and experience in this industry.

3. Our Products and Services

At Billing Main Stores, we will offer a vast range of surge arrestors and surge protectors. A surge protector protects electrical devices plugged into it against spikes in voltage. While a surge arrestor or “whole house surge protector” protects all circuits of a house from a surge in current coming from outside the building. All our products will protect consumers and their sensitive electric and electronic appliances from power surges or transient voltage.

For the sake of clarity, a power surge is an increase in voltage significantly above the designated level of flow of electricity. When a surge or spike is high enough, it can cause serious electrical damage, just like applying to much water pressure through a hose.

These surge protectors work by diverting the extra electricity into the outlet’s grounding wire. A surge arrestor provides the same protection, but, the protection occurs before the current comes into the home. There are several sources of surges. The most familiar source is lightning. When lightning strikes near a power line, the electrical energy creates a boost of electrical pressure.

A surge arrestor is the best form of protection against lightning as a lightning surge will overpower most surge protectors. A more common source is the operation of high power electrical devices such as refrigerators and air conditioning units.

These appliances cause spikes when their compressors or motors are turned on and off, creating sudden, brief demands for power and upsetting the flow of the electrical voltage. These types of surges can be protected only by surge protectors because the spike occurs within the home and not from the electrical grid.

The last main source of surges comes from the utility company’s equipment. The complex system of equipment that brings electrical power from the grid into the home may have points of failure that can cause uneven power transmission.

A combination of a surge arrestor and surge protectors on major or expensive electric/electronic components can significantly decrease the possibility of surge/spike damage. We at Billing Main Stores will offer two main products, surge arrestors and surge protectors. These products are made by a contract manufacturer and sold under the Billing Main Stores brand name.

4. Our Mission and Vision Statement

• Our vision at Billing Main Stores is to establish an electrical hardware dealership with a respectable gross margin in a sustainable environment.
• Our Mission is to develop a vast range of surge protectors and arrestors for clients that offer safety and value.
• Our aim is to leverage the economic strength of our business location to help build brand recognition.
• All customer’s expectations will be exceeded with their innovative, useful products and complete customer satisfaction is guaranteed.

Our Business Structure

Mr. Gregory Cameral will function as the company president for the first five years for a minimal salary of $24,000 in exchange for his commitment, coordination and technical know-how. The board of directors which comprises of industry leaders will be compensated for their services by a return of profits on their investment.

Two sales staff will work the sales floor for the first year compensated solely by commissions earned on a 5% pay scale. Also three mechanics, specializing in hardware repairs, will be paid $3,200 monthly.

The mechanics’ salaries will steadily increase every year by 5% to show the increased human capital acquired by the mechanics’ maintenance experience with our equipment and hardware. Meanwhile, the maintenance and secretarial staff will take care of administrative matters and sales room decorum. Below are detailed professionals we plan to employ to achieve our business visions and goals.

Store Manager

• Human Resources and Admin Manager

Sales and Marketing Manager

• Information technologist
• Maintenance and Secretarial staffs

5. Job Roles and Responsibilities

• Boosts management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
• In charge of fixing prices and signing business deals
• In charge of providing direction for the business
• Establishes, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Charged with signing checks and documents on behalf of the company
• Evaluates the success of the organization

Admin and HR Manager

• In charge of overseeing the smooth running of HR and administrative tasks for the organization
• Tasked with maintaining office supplies by checking stocks; placing and expediting orders; evaluating new products.
• Makes sure operation of equipment by completing preventive maintenance requirements; calling for repairs.
• Defining job positions for recruitment and managing interviewing process
• Carrying out induction for new team members
• In charge of training, evaluation and assessment of employees
• In charge of arranging travel, meetings and appointments
• Oversee the smooth running of the daily office cum business activities
• In charge of managing the daily activities in the hardware store
• Ensures that proper records of hardware are kept and the store does not run out of hardware
• Ensures that the store facility is in tip top shape and hardware are properly arranged and easy to locate
• Interfaces with third – party suppliers (vendors)
• Controls distribution and supply chain inventory
• Supervise the workforce in the hardware store sales floor
• Takes care of external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
• Models demographic information and analyse the volumes of transactional data generated by customer purchases
• Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
• Identifies development opportunities; follows up on development leads and contacts
• In charge of supervising implementation, advocate for the customer’s needs, and communicate with clients
• Documents all customer contact and information
• Represents the company in strategic meetings
• Helps to increase sales and growth for the company
• Find out mechanical problems, often by using computerized diagnostic equipment
• Test parts and systems to ensure that they are working properly
• Repair or replace worn parts
• Disassemble and reassemble parts
• Use testing equipment to ensure that repairs and maintenance are effective
• Explain to clients the problems and the repairs done on their electrical device
• Adhere to checklists to ensure that all critical parts are examined
• Do basic care and maintenance.

Information Technologist

• Manages the organization website
• Handles ecommerce aspect of the business
• In charge of installing and maintenance of computer software and hardware for the organization
• Manages logistics and supply chain software, Web servers, e-commerce software and POS (point of sale) systems
• Manages the organization’s CCTV
• Handles any other technological and IT related duties

Accountant/Cashier

• In charge of preparing financial reports, budgets, and financial statements for the organization
• Provides managements with financial analyses, development budgets, and accounting reports
• In charge of financial forecasting and risks analysis
• Performs cash management, general ledger accounting, and financial reporting
• Tasked with developing and managing financial systems and policies
• Tasked with administering payrolls
• Ensuring compliance with taxation legislation
• Handles all financial transactions for the organization
• Serves as internal auditor for the organization

Maintenance and secretarial staffs

• Makes sure that all contacts with clients (e-mail, walk-In centre, SMS or phone) provides the client with a personalized customer service experience of the highest level
• Through interaction with customers on the phone, uses every opportunity to build client’s interest in the company’s products and services
• Manages administrative duties assigned by the human resources and admin manager in an effective and timely manner
• Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to customers when they make enquiries
• Provides information about warranties, manufacturing specifications, care and maintenance of merchandise and delivery options
• Ensures that toiletries and supplies don’t run out of stock
• Cleans both the interior and exterior of the store
• Handles any other duty as assigned by the store manager

6. SWOT Analysis

At Billing Main Stores, our major objectives include developing a profitable product that is unregulated from the core power generation business, to become profitable within one year and to use our business as a successful model for future ventures.

We can’t achieve these goals by being a trial and error business. Our plans are steady, solid and they respect the ideas and visions of our founders. Below is a well-documented summary of our SWOT analysis, performed by Xavier Holdings, to ascertain our chances and weaknesses in our industry of choice.

• We provide every customer 100% satisfaction.
• We design and sell meaningful, valuable, power protection products.
• We plan to design and employ strict financial controls.

According to our SWOT analysis, we are a new electrical hardware dealership business in Downtown Billing and we don’t have the financial capacity to compete with multi – million dollar dealers in the country, and we might find it hard penetrating the market.

• Opportunities

Although most hardware stores, electronic stores, and mass merchants sell some sort of surge protector, the products offered by Billing Main Stores will be differentiated by their industrial grade offer and, a far higher level of protection than most other surge protectors.

These units are $130 each and offer the best protection when used in conjunction with a surge arrestor. Any type of electric or electronic appliance of value should be protected such as furnaces, refrigerators, stoves, TVs, stereos, computers, modems, phones, etc.

One of the key setbacks that we are going to face at Billing Main Stores will be convincing people to patronize our services. Although we acknowledge the open opportunities in this industry far outweighs this threat.

7. MARKET ANALYSIS

• Market Trend

According to reports, electrical equipment shipments, orders, and backlog offer a fairly accurate indication of an individual company’s sales prospects. Growing orders help to build backlog and lead to higher shipments and sales.  Order cancellations, however, can quicken top-line declines.

Plant utilization lends insight to a company’s pricing power and earnings potential. Also, product quality and ease of integration (into manufacturing systems) will influence demand, pricing and profits. In this industry, operating efficiency is very important for these companies to succeed. For the most part, the industry’s operating margin ranges from 10% to 20%.

Some leaders achieve margins in the 30s and 40s, and a few, with profitability measures in the single digits, lag behind. Popular efficiency and cost-reduction methods include Six Sigma, Lean Manufacturing, Best Practices and common production platforms. Effective hedging strategies can bring volatile commodity prices under control.

In some instances, research and development expense is less than 5% of sales. Nonetheless, R&D outlays are important to the industry. Innovation allows a company to improve its competitive position.

Managements work to keep up with shrinking product life cycles and attain standardization to maintain cohesiveness and save money. Notwithstanding, net margins hew close to 10%. For equipment makers with little or no debt, net margins about match operating margins.

Those with significant debt obligations often have net margins in the single digits. Managements tap the equity and debt markets, and use cash, for expansion and acquisitions, depending on the comparative cost of capital and their tolerance for risk.

Also note that the industry has a history of substantial merger and acquisition activity. Acquisitions offer access to new markets and products, as well as ample cost synergies. Usually, the larger the company and the more extensive the record of buyouts, the less risk there is to investors.

8. Our Target Market

At Billing Main Stores, we’ve identified three unique target market to sell our products to. The first market is family home owners, typically with children, and the second is single home owners.

These two unique markets have been chosen because families with children typically have a large number of electronic devices and the upper income single home owner often use lots of gadgets in their home. Meanwhile, the third market is commercial businesses that have equipment they want protected.

We acknowledge that competition is very limited for surge arrestors as they require electric utility installation. There is some competition with the surge protectors, however the competitive products are of a consumer level of quality and protection, different from our products which offer industrial levels of protection.

Billing Main Stores is targeting these groups. Although most home owners insurance offers some level of compensation for damage, deductibles are typically high enough that most people do not make claims.

• Our Competitive Advantage

At Billing Main Stores, we expect an optimistic gross margin over the industry average. We plan to achieve this due to the new approach to service we bring to the industry and our diversified workforce.

Billing Main Stores will grow from four board directors plus a small group of two sales persons, one IT personnel, an accountant and one mechanic, all of who will bring their professional expertise and contacts to provide a solid foundation of connections for future marketing ventures. Meanwhile, our media strategy will focus on direct marketing to local groups and clubs, as well as advertising in magazines.

All sales prospects will be finalized in person, through mail-order, over the phone, and via the Internet. We also believe that as the visibility of our hardware increases, sales among home owners and the commercial market will increase by 60% each month thereafter.

9. SALES AND MARKETING STRATEGY

• Marketing and Sales strategy

At Billing Main Stores, we’ve developed a targeted strategy that allows us to leverage our competitive edge and quickly gain market penetration. Our competitive edge is our optimistic gross margin over the industry average. Our marketing strategy will concentrate on the ability to offer supreme, inexpensive protection for electronic appliances.

This campaign will be communicated through various methods and will focus on the product offerings coming from Billing Main Stores.

We will also put together a news release which will be sent to area newspapers and magazines announcing the launch of Billing Main Stores. Our President Mr. Gregory Cameral is an important member of the Montana Chamber of Commerce. He will also make himself available for speaking engagements at other community or civic organizations.

We believe that by becoming a front runner and a sponsor in a community event, we can leverage a low-cost way of increasing awareness and building goodwill in the community. We will also encourage and reward our customers for their repeat business. This can be accomplished by offering a discount special price to past customers who returned.

10. Sales Forecast

At Billing Main Stores, we expect our normal monthly running costs per month, which include our full payroll, lease, marketing, utilities, and an estimation of other running expenses. Payroll alone can be about $60,000 for one mechanic and one accountant, while all sales staff operates on commission.

Agreeably, margins are difficult to put together as the average per unit costs do not include marketing costs, promotions, or salesman commissions. But our overall average per unit revenue over per unit costs is based on past sales from other dealerships.

The gross margin within the first year will be modest, rising in the second and third year. Our major budget items will include salary, rent, sales and marketing expenses, utilities, insurance, taxes and licensing.

Billing Main Stores net profit is also expected to reach outstanding levels in the first year, rising in the second and the third year. All of these profits can then be fed back into research and development opening the doorway to a secondary market role for Billing Main Stores to become a patent holding company.

11. Publicity and Advertising Strategy

At Billing Main Stores, our promotion strategy will seek to communicate the idea that the products that we offer are cheap insurance against large electronic damage or losses. By proactively purchasing our electrical products, clients can protect all their expensive devices against loss and damage.

Although many homeowners probably have some sort of insurance, deductibles are often prohibitively high, making a claim for damage to one or a couple appliances not worth the money. Billing Main Stores will use several forms of communication for our promotional campaign:;

• Put adverts on community based newspapers, radio and TV stations
• Encourage the use of word of mouth publicity from our loyal customers
• Make use of the internet and social media platforms like YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Google+ and other platforms to promote our business.
• Make sure we position our banners and billboards in strategic positions all around Billings.
• Share our fliers and handbills in target areas in and around Billings
• Advertise our used hardware dealership business in our official website and employ strategies that will help us pull traffic to the site
• Brand all our products and delivery trucks and ensure that all our staff members wear our branded shirt or cap at regular intervals.

Source of income

Most of our inventory will be bought in advance to stock the sales floor and we plan to generate revenue by offering a vast range of surge arrestors and surge protectors to our clients. Billing Main Stores is expected to grow in sales at a rate of 15% per month, starting from the conservative estimate of 72 hardware sold.

Note that this financing will come initially from the executive board, giving room for plenty of opportunity for credit to cover unforeseen expenses, if necessary. Growth will be rapid and produce profits almost immediately.

12. Our Pricing Strategy

At Billing Main Stores, we believe our target audience will buy based on superior quality, excellent customer service, and local business location. We also know that businesses in our business scope make their money from the interest and commissions they offer their services and products.

We hope to keep our prices at the average market rate for the main time, but will increase as our identity in the market increases. Most of our products will sell between $130 and $620 to take advantage of impulse purchasers in the city. Our average sale is around $375, which also includes a professional installation.

• Payment Options

At Billing Main Stores, we will always strive to establish payment methods that will suit our clients. We have also partnered with a renowned bank to help serve our clients comfortably. We hope to make available the following payment options for our clients;

• Payment by via bank transfer
• Payment via online bank transfer
• Payment through POS
• payment through PayPal
• Payment via check
• Payment via bank draft
• Payment with cash

13. Startup Expenditure (Budget)

Our goal at Billing Main Stores is to establish a business that will serve the needs of our customers and also ensure a balanced positive cash flow. We believe that with our diverse workforce and experienced board of directors, we can build a unique business that will invest residual profits into company expansion and Personnel.

We have estimated our start up costs and overheads for the next three years. It is believed that all new entrants in the industry operate with negative profits through the first two years. But, at Billing Main Stores, we plan to avoid that kind of operating loss by understanding our markets, our competitors, industry direction, and the products we sell. Outlined below are the ways we plan spending our start-up cost;

• The Total Fee for Registering the Business in Billings : $900.
• The budget for insurance, permits and license: $10,000
• The Amount needed to acquire a suitable Facility for 6 months in Downtown Billings (face lifting of the facility inclusive): $75,000.
• The Cost for the purchase of furniture and gadgets (fridges, TVs, Sound System, tables and chairs et al): $20,000.
• The Cost for Equipment: $15,000
• The Cost for inventory : $3,000,000
• The Cost of Launching a Website: $700
• Our marketing and publicity budget – $150,000
• The cost for our opening party: $6,000
• Additional Expenditure (Business cards, Signage, Adverts and Promotions et al): $7,000

From our detailed analysis above, we will need $3,284,600 to start Billing Main Stores. We have also put plans in place to be able to raise the funds and capital.

Generating Funding/Start up for Billing Main Stores 

Billing Main Stores was founded by four friends led by Mr. Gregory Cameral. These experienced men, Mason Creed, Churchill Garner, Sampson Amos and Fred Marshall are all from different walks of life, with a basic knowledge of the electrical hardware industry and ready to invest their years of experience in Billing Main Stores. They will also be the sole financiers of the business which is why we have restricted the sourcing of the startup capital for the business to just three major sources.

• Generate part of the startup capital from personal savings and sale of stocks
• Generate part of the startup capital from friends and other extended family members
• Generate part of the capital from the bank (loan facility).

This group of friends have been able to raise $2,000,000 ($500,000 from personal savings and $400,000 from his friends and family as soft loan), and we are at the final stages of obtaining a loan facility of $1,000,000. We have verified all the necessary procedures to actualize or get our startup cost.

14. Sustainability and Expansion Strategy

At Billing Main Stores, our strategy to build customer sales includes telemarketing and encouraging and rewarding present clients to refer future clients. Networking within business groups, civic groups, church groups, etc. are important, even if the business results are not immediately felt.

Billings Main Store does not face any real competition for the arrestors due to the installation requirement of the electric utility. Although, there are six current vendors that sell the actual arrestor equipment, it is far more expensive to buy the equipment and then pay for installation than buying the package (product and installation) directly from the utility.

We boast of a long lasting business understanding with MSL Distribution, one of the topmost utility firms in Billings. In terms of the surge protectors, we face general competition from several sources. This is qualified as general competition since the products typically sold (75% of the time) are of consumer quality versus the industrial quality that Billing Main Stores offers.

Due to our direct contacts with electrical component manufacturers and their sheer buying scale/power, we will be able to offer high-quality industrial grade products for prices that are similar to the consumer units. Our sales forecast has been developed as a forecast and tracking tool to provide the company with realistic sales goals as well as a way to verify progress.

The forecast has been developed as a conservative estimate, not an aggressive sales promise. By adopting a conservative forecast, Billings Main Stores increases the likelihood of reaching sustainable sales growth. Barring monopolistic manipulations of the supply of inventory, success is just around the corner.

Also objectives have been set for Billing Main Stores so that actual performance can be measured against them. Each subsequent year, new objectives will be set for these benchmarks, and actual performance will be measured against them.

If actual performance falls short of objectives, investigation will be made into the cause, and plans adjusted accordingly. At Billing Main Stores, we will keep track of the source of all new clients so as to measure the effectiveness of each type of promotion.

Checklist/Milestone

• Business Name Availability Check : Completed
• Business Incorporation: Completed
• Opening of Corporate Bank Accounts: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of Insurance for the Business: Completed
• Conducting feasibility studies: Completed
• Leasing, renovating and equipping our facility: Completed
• Generating part of the startup capital from the founder: Completed
• Applications for Loan from our Bankers: In Progress
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents: In Progress
• Design of The Company’s Logo: Completed
• Printing of Promotional Materials: Completed
• Recruitment of employees: In Progress
• Purchase of software applications, furniture, office equipment, electronic appliances and facility facelift: In progress
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business (Business PR): In Progress
• Health and Safety and Fire Safety Arrangement: In Progress
• Establishing business relationship with banks, financial lending institutions, vendors and key players in the industry: In Progress

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Module-2-PEC-ARTICLE-1.3-ELECTRICAL-PLANS-AND-SPECIFICATIONS

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Explore Electrical Technology

Guidelines for the Preparation of Electrical Plans

REPUBLIC ACT NO. 7920 New Electrical Engineering Law.

Section. 34. Preparation of Plans, Supervision of Installation, Application of the Philippine Electrical Code. 

• It shall be unlawful for any person not authorized under this Act to prepare plans, electrical valuations or specifications for any electrical wiring, equipment or system; and no installation thereof shall be undertaken unless the plans, designs, valuations and specifications have been prepared by or under the responsible charge of, and signed and sealed by a professional electrical engineer; and a construction permit for the execution thereof is first secured; and unless the work is done in accordance with the Philippine Electrical Code and is executed under the responsible charge or supervision of a professional electrical engineer, a registered electrical engineer, or a registered master electrician, as the case may be, and the routinary fiscal and ministerial requirements of the government agency, if any, exercising jurisdiction over the particular installation have been complied with. In Preparation of Electrical Plans it should be in compliance of Philippine Electrical Code. And in submission of electrical plans to the office building official to get electrical permit it should include the electrical design analysis showing all the calculations of short circuit, currents and voltage drop. 

1. Sheet Size.  

Electrical plans and drawing shall be drawn on sheets of the following standard sizes:

• 760 mm x 1000 mm  
• 600 mm x  900 mm  
• 500 mm x  760 mm 

2. Drawing Scale.  

Appropriate metric drawing scales shall be used. 

3. Plan Requirements.  

3.1 Location and Site Plans.  Location and site plans, with proposed structure(s) and site drawn to appropriate scale shall show.  

• Bordering areas showing public or well-known streets, landmarks and/or structures which need not be drawn to scale unless they extend into the area concerned. 
• Location of service drop, service equipment and nearest pole of the utility company furnishing electrical energy; location of the meters as well as sizes of service entrance wires, conduits and service equipment; and 
• Clearance of the path or run of service drops and entrance wires to adjacent existing and/or proposed structures. 

3.2 Legend or Symbols.  

Refer to Appendix A (Philippine Electrical Code) – Electrical Symbols.  

3.3 General Notes and/or Specification.  General Notes and/or Specification, written on the plans or submitted on separate standard size sheets shall show:  

 3.3.1 Nature of electrical service, including number of phases, number of wires, voltage and frequency; 

 3.3.2 Type of wiring; 

• Service entrance, 
• Feeders, sub-feeders and branch circuit wires for lighting and/or power load, 
• Fire alarm system, if required by law, 
• Signaling and communication. 

3.3.3 Special equipment to be installed, indicating ratings and classification of service or duty cycle of; 

• Rectifiers, 
• X-ray apparatus, 
• Electric welding equipment, 

3.3.4 System o method of grounding; 

3.3.5 Type and rating of main disconnecting means, overcurrent protection  (OCP) and branch circuit wiring; 

3.3.6 Clearances of service drop, burial depth for service lateral, mounting height and clearance for service equipment, mounting heights and clearance for kWh meter.  

3.4 Electrical Layout.  Floor plan showing location of equipment and devices, and their interconnection wiring.  

3.4.1 Plan for Power.  Layout and wiring plans for power on the floor plans drawn to scale, shall show:

• Sizes and location of service entrance conductors, raceways, metering equipment, main switchboard, layout of feeders and distribution panels or switches and their sizes, types and ratings; 
• Complete circuits of motors and other electrical equipment, their controlling devices, their locations and ratings; 
• Complete wiring of emergency power system, if any; 
• Nature of processes/activities carried out in each room or area.  

3.4.2 Plan for Lighting and Receptacle Outlets.  Layout and wiring plans for general lighting and convenience outlets on floor plans drawn to scale, shall show:  

Location, type and rating of lighting fixtures, indication illumination in lux in each room or area.  In residences, hotels, apartment, houses, and churches, the illumination level in each room or area need not be shown nor computed; 

• Location of switches for each fixtures or group of fixtures; 
• Location of receptacle outlets and appliances to be served and their ratings; 
• Complete circuits of the lighting and convenience outlets; 
• Complete wiring of emergency lighting and convenience outlets; 
• A separate drawing showing layout of receptacle outlets may be made at the discretion of the design engineer.   

3.4.3 Plan for Fire Detection and Alarm Circuits . Layout and wiring plans of fire alarm manual stations, fire alarm bells, fire alarm control panels, and other alarm devices shall show:  

• Location of outlets, equipment and/or apparatus and controls; 
• Complete circuit showing no. and size of raceway and wire.

3.5 Schedule of Loads.  Schedule of load in tabulated form shall indicate:  

3.5.1 Motor Loads;

• Motors as numbered or identified in power layout,  
• Type of motor, 
• Horsepower/kilowatt/kilovolt ampere rating, 
• Voltage rating, 
• Full-load current rating,, 
• Frequency rating other than 60 hertz 
• Number of phases, 
• Type and size of wiring, 
• Protective device rating.  

3.5.2 Lighting and Convenience Receptacle Loads;  

• Panel as numbered in the feeder diagram, 
• Circuit designation number, 
• Number of lighting outlets in each circuit, 
• Number of switches in each circuit, 
• Number of receptacles (convenience outlets), 
• Voltage of circuit,   
• Protective device rating.   

3.5.3 Other Loads;

• Designation number on plan, 
• Description of load, 
• Classification of service duty, if required, 
• Rating of kilovolt-ampere or kilowatt, 
• Phase loading indicating full load line current, 
• Voltage rating,  

3.5.4 Design Analysis.  Design analysis shall be included on the drawing or shall be submitted on separate sheets of standard size, and shall show:  

• Branch circuit, sub-feeders, busways, and service entrance; 
• Types, ratings, and trip settings of overload protective device; 
• Calculation of short circuit current for determining the interrupting capacity of overcurrent protection device; 
• Calculation of voltage drops.   

3.5.5 One Line Diagram.

        One line diagram shall indicate:  

3.5.5.1 Lighting and Receptacle Outlet Loads;

• Single line or schematics diagram of lighting and receptacles panelboard showing mains and branch circuit rating; 
• Size of conductors for feeders.  

3.5.5.2 Motor Loads;

• Rating in kilowatts/horsepower/kilovolt ampere, 
• Full load current, 
• Locked rotor current, 
• Phase connection for 1-phase motor on a 3phase system,  
• Rated voltage, 
• Type and size of wiring, indicating load in amperes, 
• Electric motors shall be numbered consecutively to correspond to their numbers in the layout.

3.5.5.3 Feeders and subfeeders;

• Identification and/or labeling of feeders and subfeeders,  
• Size and type of wires and raceways, 
• Protective devices and controls, 
• The allowable ampacity of the conductor over the designed load current in amperes expressed as a ratio and indicated along side the conductor. 

3.5.5.4 Load Center. 

• Identification and/or labeling of load center showing type and rating of transformer, switches, circuit breaker and other related devices,  
• Equipment grounding.    

4. Title Block.  Title block or nameplate of plans and drawing shall be a standard strip of 40 mm high at the bottom of the sheet.  It shall contain the following:  

• Name and location of installation or project; 
• Name, signature and seal of Professional Electrical Engineer together with Professional Regulation Commission professional license number and validity , Professional Tax Receipt Number, and Tax Identification Number; 
• Scale used, date drawn; and 
• Sheet number. 

5. Other Detail. 

5.1 Exposed conductors shall show: 

• Means of support and types of insulators; and  
• Spacing and clearances.  

5.2 Auxiliary gutters, wireways, busways, cabinets, boxes, metallic raceways, underground                     installation, other than specified in the Code Shall show:   

• Installation details; 
• Conductor supports, separators, and attachments where required by this Code; and 
• Dimensions and description or specification.

5.3 Private pole installations shall show: 

• Construction and installation details and dimensions; 
• Pole top wiring details including line hardware; and  
• Guying details.  

5.4 Low energy power and low power installation shall show:  

• Details of battery installation and/or other source of low voltage or low energy power. 
• Equipment, wiring actuating mechanism and protective devices; and  
• Ventilation details whenever necessary.   

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A business plan for "Kopinoy"

The essence of coffee as a satisfying drink that most people are looking for, considering that Filipinos consume about 21,600,000 cups of coffee a day according to Nestlé’s consumer marketing division, drove the owners to start a new coffee shop business, “Kopinoy”. The name, “Kopinoy”, is a combination of the word ‘coffee’, the primary product of the business, and ‘Pinoy’, the mainstream term used in referring to Filipinos, will be a newly established coffee shop that will put up a new way of making coffee and will provide a different and enjoyable customer service experience.

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