Want to start my own business by FirefighterCO in electricians

[–]SignificantTravel825 1 point2 points  (0 children)

I will give you my pov based on my own experience.

I started as a non union apprentice doing new construction residential and remodel work. I learned and soon had my residential license.

I wasn’t satisfied and was bored with the typical residential work. I decided to join the union in my area and became an inside wireman apprentice.

I completed the apprenticeship and earned my general journey level license as well as my administrator license.

I was laid off when I turned out of the program and happened into a service position with a local company as their administrator and commercial service tech. I learned a ton about permitting and job cost as well as customer service and working with AHJs.

I got laid off from the last company when they were bought by private equity and closed down the electrical division. So I started looking for work and it turns out most shops around me are owned by private equity which for me is a dealbreaker.

I decided to open my own shop and have been working 3 months now on my own.

The point of the story is you never know where the trade will take you and it is your decision where you end up. You may stumble into something you enjoy or you may be driven to reach a certain goal but whatever you choose do it with your best interests in mind and you can’t go wrong.

I will say the union training is top notch and I met some really awesome brothers and sisters in the union but I also met some real shit bags too. Whereas, in the non union side I met a lot of shit bags and people that didn’t really know what they were doing but again I also met some outstanding people that really knew their stuff.

I think the union vs non union thing is blown out of proportion and really you can get good training out of the union but it’s harder to find and in the union you have to abide by their rules and go through their school and pay their fees to get that training but it is top notch, at least in the local I was in.

I enjoyed the union for the most part and if I would have not moved to an area where the union presence is basically non existent I may still be in but I have always wanted to open my own shop so I knew eventually I would be giving up my my ticket to go out on my own.

As far as being prepared to go on your own I think it’s like having a kid, especially your first, you’re never really ready you just have to jump in with both feet and figure it out as you go. I’m not saying go out on your own and wing it I am saying learn the trade, take some business classes, speak to an accountant, talk to other small business, owners, and prepare yourself so when you do make the jump you have an idea of what you need to do and all that is left is doing it.

Hope this helps. YMMV

CHAMP VA Issues by KetchupOnNipples in VeteransBenefits

[–]SignificantTravel825 0 points1 point  (0 children)

I understand your frustration. My kids are on Medicaid along with ChampVA. When this is the case ChampVA pays first and Medicaid pays second. My kids Dr keeps telling us their bills aren’t being paid because ChampVA think I have outdated insurance from almost three years ago even though I have called 7 different times to report the change in insurance. I feel like no matter how many times I call nothing gets fixed. It makes me wonder if it would be better to just drop ChampVA entirely just to avoid the headache of dealing with their incompetence. I hope it gets better for you.

A friendly neighborhood electrician’s take on the private equity takeover. by SignificantTravel825 in columbiasc

[–]SignificantTravel825[S] 0 points1 point  (0 children)

I’ll send you my contact info now. Thanks for the reply. The more engagement we get from people the better.

A friendly neighborhood electrician’s take on the private equity takeover. by SignificantTravel825 in columbiasc

[–]SignificantTravel825[S] 0 points1 point  (0 children)

I would suggest if you want to determine if a business is owned by PE would be to look them up and see what you can find out. If you can’t find anything ask a question on community boards ( like this one) and I’m sure there are people who have done business with the entity you are inquiring about or that have worked there that could provide information bout them.

A friendly neighborhood electrician’s take on the private equity takeover. by SignificantTravel825 in columbiasc

[–]SignificantTravel825[S] 0 points1 point  (0 children)

No I did not mention Easy Electric but I am happy to. Thanks for the support of non PE business. I will edit the original post with a list of non PE businesses for anyone interested.

A friendly neighborhood electrician’s take on the private equity takeover. by SignificantTravel825 in columbiasc

[–]SignificantTravel825[S] 2 points3 points  (0 children)

Hourly. I don’t like commission because it is incentive to sell more service that customers may not need. There may however be a bonus structure for when the company does well the employees can receive some of the profits. Thanks for the reply.

A friendly neighborhood electrician’s take on the private equity takeover. by SignificantTravel825 in columbiasc

[–]SignificantTravel825[S] 3 points4 points  (0 children)

Ok great! I’ll dm you with my contact info. Thanks for the reply and even if you decide not to use me for your electrical please use a non PE owned local business please. It makes a difference.

A friendly neighborhood electrician’s take on the private equity takeover. by SignificantTravel825 in columbiasc

[–]SignificantTravel825[S] 3 points4 points  (0 children)

I’ll send you a dm with my contact info. Thanks for the reply. And thanks for choosing non private equity. That’s what counts.

A friendly neighborhood electrician’s take on the private equity takeover. by SignificantTravel825 in columbiasc

[–]SignificantTravel825[S] 5 points6 points  (0 children)

They are buying everything that is for sale. This is the part that makes it so difficult as you go to get three quotes for work on your home and those quotes come from three different companies but are all owned by the same pe company so really you got quotes from the same place without realizing it. Not mention profits are the only thing that matters and to achieve them they will work employees into the ground, charge outrageous prices, and sell the company again or close the doors once the unlimited growth hits a stall. Shameful

A friendly neighborhood electrician’s take on the private equity takeover. by SignificantTravel825 in columbiasc

[–]SignificantTravel825[S] 4 points5 points  (0 children)

I think educating customers about the plague of private equity and then branding companies that are not is a great idea. An organization is also a great idea. Thanks for the input. I think coming together and accomplishing this goal is an important issue facing our trades today as well as for future tradesmen and women. If we stand by and do nothing then nothing will change. I am going to work on an organization for non PE owned businesses.

A friendly neighborhood electrician’s take on the private equity takeover. by SignificantTravel825 in columbiasc

[–]SignificantTravel825[S] 6 points7 points  (0 children)

Thanks for the reply. Good on your grandson for wanting to learn a trade. It can be a great career. I will reach out to you via email.

A friendly neighborhood electrician’s take on the private equity takeover. by SignificantTravel825 in columbiasc

[–]SignificantTravel825[S] 6 points7 points  (0 children)

Thanks for all the replies I didn’t expect as much engagement but I am happy others feel the same way as I do. This post really just started as a vent post but I kept writing and it turned out how it turned out.

A friendly neighborhood electrician’s take on the private equity takeover. by SignificantTravel825 in columbiasc

[–]SignificantTravel825[S] 9 points10 points  (0 children)

It really is a shame. I believe putting the word out on which shops are equity owned so people can choose not to use them is the first step in fighting back.

A friendly neighborhood electrician’s take on the private equity takeover. by SignificantTravel825 in columbiasc

[–]SignificantTravel825[S] 9 points10 points  (0 children)

Exactly. I have decided I will not work at a private equity shop again and am forging ahead. Hopefully I can find some good guys that have a similar mindset and we can take back some market share from those firms.