electrical and electronic business plan

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Electronics Shop Business Plan

The advancement in technology is wild, and so is the upgradation of electronic appliances. Therefore, starting an electronics shop is a profitable venture.

Anyone can start a new business, but you need a detailed business plan when it comes to raising funding, applying for loans, and scaling it like a pro!

Need help writing a business plan for your electronics shop? You’re at the right place. Our electronics shop business plan template will help you get started.

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• Fill in the blanks – Outline
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How to Write An Electronics Shop Business Plan?

Writing an electronics shop business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:

1. Executive Summary

An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the whole business plan is ready and summarizes each section of your plan.

Here are a few key components to include in your executive summary:

Introduce your Business:

Start your executive summary by briefly introducing your business to your readers.

Market Opportunity:

Product offering:.

• For instance, you may include televisions, audio speaker sets, laptops, tablets, mobile phones, etc as some of your products.

Marketing & Sales Strategies:

Financial highlights:, call to action:.

Ensure your executive summary is clear, concise, easy to understand, and jargon-free.

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2. Business Overview

The business overview section of your business plan offers detailed information about your company. The details you add will depend on how important they are to your business. Yet, business name, location, business history, and future goals are some of the foundational elements you must consider adding to this section:

Business Description:

Describe your business in this section by providing all the basic information:

Describe what kind of electronics shop you run and the name of it. You may specialize in one of the following electronics shop businesses:

• Retail electronics store
• Online electronics store
• Specialized electronics store
• Wholesale electronics supplier
• Electronic repair shop
• Describe the legal structure of your electronics shop, whether it is a sole proprietorship, LLC, partnership, or others.
• Explain where your business is located and why you selected the place.

Mission Statement:

Business history:.

• Additionally, If you have received any awards or recognition for excellent work, describe them.

Future Goals

This section should provide a thorough understanding of your business, its history, and its plans. Keep this section engaging, precise, and to the point.

3. Market Analysis

The market analysis section of your business plan should offer a thorough understanding of the industry with the target market, competitors, and growth opportunities. You should include the following components in this section.

Target market:

• For instance, general consumers, tech enthusiasts, small business owners, or gamers would be an ideal target audience for a commercial electronics shop.

Market size and growth potential:

• For instance, the electronics shop industry was $159.6 billion in 2022, so it is crucial to define the segment of your target market and its growth potential.

Competitive Analysis:

Market trends:.

• For instance, smart home devices have a booming market; explain how you plan on dealing with this potential growth opportunity.

Regulatory Environment:

Here are a few tips for writing the market analysis section of your electronic store business plan:

• Conduct market research, industry reports, and surveys to gather data.
• Provide specific and detailed information whenever possible.
• Illustrate your points with charts and graphs.
• Write your business plan keeping your target audience in mind.

4. Products And Services

The product and services section should describe the specific services and products that will be offered to customers. To write this section should include the following:

Electronics shop’s products:

Mention the electronics shop products your business will offer. This list may include,

• Smartphones
• Audio speakers
• Televisions
• Smart home devices
• All other electrical appliances & accessories

Quality measures:

• This may include product authenticity & legitimacy, product inspection & testing, product warranty & guarantee, etc.

Additional Services

In short, this section of your electronics shop plan must be informative, precise, and client-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.

5. Sales And Marketing Strategies

Writing the sales and marketing strategies section means a list of strategies you will use to attract and retain your clients. Here are some key elements to include in your sales & marketing plan:

Unique Selling Proposition (USP):

• For example, expert staff & technical support, a wide product range, or competitive pricing could be some of the great USPs for a professional electronics shop.

Pricing Strategy:

Marketing strategies:, sales strategies:, customer retention:.

Overall, this section of your electronics shop business plan should focus on customer acquisition and retention.

Have a specific, realistic, and data-driven approach while planning sales and marketing strategies for your electronics shop, and be prepared to adapt or make strategic changes in your strategies based on feedback and results.

6. Operations Plan

The operations plan section of your business plan should outline the processes and procedures involved in your business operations, such as staffing requirements and operational processes. Here are a few components to add to your operations plan:

Staffing & Training:

Operational process:, equipment & software:.

• Explain how these technologies help you maintain quality standards and improve the efficiency of your business operations.

Adding these components to your operations plan will help you lay out your business operations, which will eventually help you manage your business effectively.

7. Management Team

The management team section provides an overview of your electronics shop’s management team. This section should provide a detailed description of each manager’s experience and qualifications, as well as their responsibilities and roles.

Founders/CEO:

Key managers:.

• It should include, senior management, and other department managers (e.g. operations manager, technical service manager.) involved in the electronics shop business operations, including their education, professional background, and any relevant experience in the industry.

Organizational structure:

Compensation plan:, advisors/consultants:.

• So, if you have any advisors or consultants, include them with their names and brief information consisting of roles and years of experience.

This section should describe the key personnel for your electronics shop services, highlighting how you have the perfect team to succeed.

8. Financial Plan

Your financial plan section should provide a summary of your business’s financial projections for the first few years. Here are some key elements to include in your financial plan:

Profit & loss statement:

Cash flow statement:, balance sheet:, break-even point:.

• This exercise will help you understand how much revenue you need to generate to sustain or be profitable.

Financing Needs:

Be realistic with your financial projections, and make sure you offer relevant information and evidence to support your estimates.

9. Appendix

The appendix section of your plan should include any additional information supporting your business plan’s main content, such as market research, legal documentation, financial statements, and other relevant information.

• Add a table of contents for the appendix section to help readers easily find specific information or sections.
• In addition to your financial statements, provide additional financial documents like tax returns, a list of assets within the business, credit history, and more. These statements must be the latest and offer financial projections for at least the first three or five years of business operations.
• Provide data derived from market research, including stats about the industry, user demographics, and industry trends.
• Include any legal documents such as permits, licenses, and contracts.
• Include any additional documentation related to your business plan, such as product brochures, marketing materials, operational procedures, etc.

Use clear headings and labels for each section of the appendix so that readers can easily find the necessary information.

Remember, the appendix section of your electronics shop business plan should only include relevant and important information supporting your plan’s main content.

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This sample electronics shop business plan will provide an idea for writing a successful electronics shop plan, including all the essential components of your business.

After this, if you still need clarification about writing an investment-ready business plan to impress your audience, download our electronics shop business plan pdf .

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Frequently asked questions, why do you need a food distribution business plan.

A business plan is an essential tool for anyone looking to start or run a successful electronics shop. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your business.

Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your electronics shop.

How to get funding for your electronics shop?

There are several ways to get funding for your electronics shop, but self-funding is one of the most efficient and speedy funding options. Other options for funding are:

• Bank loan – You may apply for a loan in government or private banks.
• Small Business Administration (SBA) loan – SBA loans and schemes are available at affordable interest rates, so check the eligibility criteria before applying for it.
• Crowdfunding – The process of supporting a project or business by getting a lot of people to invest in your business, usually online.
• Angel investors – Getting funds from angel investors is one of the most sought startup options.

Apart from all these options, there are small business grants available, check for the same in your location and you can apply for it.

Where to find business plan writers for your electronics shop?

There are many business plan writers available, but no one knows your business and ideas better than you, so we recommend you write your electronics shop business plan and outline your vision as you have in your mind.

What is the easiest way to write your electronics shop business plan?

A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any electronics shop business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software .

Can a good electronics shop business plan help me secure funding?

Indeed. A well-crafted electronics shop business plan will help your investors better understand your business domain, market trends, strategies, business financials, and growth potential—helping them make better financial decisions.

So, if you have a profitable and investable business, a comprehensive business plan can certainly help you secure your business funding.

About the Author

Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

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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.  

Electrical Contracting Business Plan FAQs

What is the easiest way to complete my electrical contractor business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily complete your Electrical Contractor Business Plan.

What is the Goal of a Business Plan's Executive Summary?

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 the status; for example, are you a startup, do you have an electrical contractor business that you would like to grow, or are you operating a chain of electrical contractor businesses?

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Other Helpful Business Plan Articles & Templates

Electrical Business Plan Template & Guidebook

Starting and running an electrical business requires a lot of effort, funding, and preparation to be successful. One of the most important components of a successful electrical business is a comprehensive business plan. To make the process easier, the #1 Electrical Business Plan Template & Guidebook can provide prospective business owners with the tools they need to turn their dreams into reality. With this helpful resource, budding entrepreneurs can streamline the planning process, develop an actionable roadmap for their business’ development and growth, and create a plan that stands out from competitors.

Get worry-free services and support to launch your business starting at $0 plus state fees.

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How to Write a Electrical Business Plan in 7 Steps:

1. describe the purpose of your electrical business..

The first step to writing your business plan is to describe the purpose of your electrical business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind thinking about the customers’ problems. It also helps you identify what makes your business different from others in its industry.

It also helps to include a vision statement so that readers can understand what type of company you want to build.

Here is an example of a purpose mission statement for a electrical business:

Our mission is to provide reliable and innovative electrical solutions that meet the individual needs of our customers, creating long-term relationships through an unwavering commitment to service excellence.

2. Products & Services Offered by Your Electrical Business.

The next step is to outline your products and services for your electrical business. 

When you think about the products and services that you offer, it's helpful to ask yourself the following questions:

• What is my business?
• What are the products and/or services that I offer?
• Why am I offering these particular products and/or services?
• How do I differentiate myself from competitors with similar offerings?
• How will I market my products and services?

You may want to do a comparison of your business plan against those of other competitors in the area, or even with online reviews. This way, you can find out what people like about them and what they don’t like, so that you can either improve upon their offerings or avoid doing so altogether.

3. Build a Creative Marketing Stratgey.

If you don't have a marketing plan for your electrical business, it's time to write one. Your marketing plan should be part of your business plan and be a roadmap to your goals. 

A good marketing plan for your electrical business includes the following elements:

Target market

• Who is your target market?
• What do these customers have in common?
• How many of them are there?
• How can you best reach them with your message or product?

Customer base 

• Who are your current customers? 
• Where did they come from (i.e., referrals)?
• How can their experience with your electrical business help make them repeat customers, consumers, visitors, subscribers, or advocates for other people in their network or industry who might also benefit from using this service, product, or brand?

Product or service description

• How does it work, what features does it have, and what are its benefits?
• Can anyone use this product or service regardless of age or gender?
• Can anyone visually see themselves using this product or service?
• How will they feel when they do so? If so, how long will the feeling last after purchasing (or trying) the product/service for the first time?

Competitive analysis

• Which companies are competing with yours today (and why)? 
• Which ones may enter into competition with yours tomorrow if they find out about it now through word-of-mouth advertising; social media networks; friends' recommendations; etc.)
• What specific advantages does each competitor offer over yours currently?

Marketing channels

• Which marketing channel do you intend to leverage to attract new customers?
• What is your estimated marketing budget needed?
• What is the projected cost to acquire a new customer?
• How many of your customers do you instead will return?

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4. Write Your Operational Plan.

Next, you'll need to build your operational plan. This section describes the type of business you'll be running, and includes the steps involved in your operations. 

In it, you should list:

• The equipment and facilities needed
• Who will be involved in the business (employees, contractors)
• Financial requirements for each step
• Milestones & KPIs
• Location of your business
• Zoning & permits required for the business

What equipment, supplies, or permits are needed to run a electrical business?

In order to run an electrical business, you will need the following equipment, supplies, and permits:

• Electrical tools and supplies (wire cutters, crimpers, test equipment, etc.)
• Electrical wiring and components (switches, receptacles, conduit, etc.)
• Business license
• Insurance coverage.
• State and local permits as required by your municipality.

5. Management & Organization of Your Electrical Business.

The second part of your electrical business plan is to develop a management and organization section.

This section will cover all of the following:

• How many employees you need in order to run your electrical business. This should include the roles they will play (for example, one person may be responsible for managing administrative duties while another might be in charge of customer service).
• The structure of your management team. The higher-ups like yourself should be able to delegate tasks through lower-level managers who are directly responsible for their given department (inventory and sales, etc.).
• How you’re going to make sure that everyone on board is doing their job well. You’ll want check-ins with employees regularly so they have time to ask questions or voice concerns if needed; this also gives you time to offer support where necessary while staying informed on how things are going within individual departments too!

6. Electrical Business Startup Expenses & Captial Needed.

This section should be broken down by month and year. If you are still in the planning stage of your business, it may be helpful to estimate how much money will be needed each month until you reach profitability.

Typically, expenses for your business can be broken into a few basic categories:

Startup Costs

Startup costs are typically the first expenses you will incur when beginning an enterprise. These include legal fees, accounting expenses, and other costs associated with getting your business off the ground. The amount of money needed to start a electrical business varies based on many different variables, but below are a few different types of startup costs for a electrical business.

Running & Operating Costs

Running costs refer to ongoing expenses related directly with operating your business over time like electricity bills or salaries paid out each month. These types of expenses will vary greatly depending on multiple variables such as location, team size, utility costs, etc.

Marketing & Sales Expenses

You should include any costs associated with marketing and sales, such as advertising and promotions, website design or maintenance. Also, consider any additional expenses that may be incurred if you decide to launch a new product or service line. For example, if your electrical business has an existing website that needs an upgrade in order to sell more products or services, then this should be listed here.

7. Financial Plan & Projections

A financial plan is an important part of any business plan, as it outlines how the business will generate revenue and profit, and how it will use that profit to grow and sustain itself. To devise a financial plan for your electrical business, you will need to consider a number of factors, including your start-up costs, operating costs, projected revenue, and expenses. 

Here are some steps you can follow to devise a financial plan for your electrical business plan:

• Determine your start-up costs: This will include the cost of purchasing or leasing the space where you will operate your business, as well as the cost of buying or leasing any equipment or supplies that you need to start the business.
• Estimate your operating costs: Operating costs will include utilities, such as electricity, gas, and water, as well as labor costs for employees, if any, and the cost of purchasing any materials or supplies that you will need to run your business.
• Project your revenue: To project your revenue, you will need to consider the number of customers you expect to have and the average amount they will spend on each visit. You can use this information to estimate how much money you will make from selling your products or services.
• Estimate your expenses: In addition to your operating costs, you will need to consider other expenses, such as insurance, marketing, and maintenance. You will also need to set aside money for taxes and other fees.
• Create a budget: Once you have estimated your start-up costs, operating costs, revenue, and expenses, you can use this information to create a budget for your business. This will help you to see how much money you will need to start the business, and how much profit you can expect to make.
• Develop a plan for using your profit: Finally, you will need to decide how you will use your profit to grow and sustain your business. This might include investing in new equipment, expanding the business, or saving for a rainy day.

Frequently Asked Questions About Electrical Business Plans:

Why do you need a business plan for a electrical business.

A business plan for an electrical business is necessary to help identify and clarify the company's goals and objectives, as well as outline a strategy for achieving them. It also serves to provide potential investors or lenders with detailed information about the company's products, services, financials, marketing plans and resources. Additionally, a business plan can provide valuable insight into the market opportunity for an electrical business and help guide the development of an effective business model.

Who should you ask for help with your electrical business plan?

An experienced entrepreneur or small business consultant can help you develop a business plan for your electrical business. You may also want to speak with a lawyer who specializes in business law to get advice on any legal complexities or regulations you need to be aware of. Additionally, a financial planner can help you assess the financial viability of your business and offer advice on the best ways to structure your finances.

Can you write a electrical business plan yourself?

Yes, it is possible to write a electrical business plan yourself. Depending on the business, you might need to research the current market and trends in your industry, as well as consider your target customer base. Additionally, you would need to create a detailed financial plan that outlines expected costs and revenue. You also might want to consider enlisting the help of a professional business plan writer or consultant who can provide advice and guidance in order to help ensure your plan is comprehensive and accurate.

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I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.

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.

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Home » Sample Business Plans » Technology

A Sample Electronics Repair Shop Business Plan Template

Are you about starting an electronics repair business? If YES, here is a complete sample electronics repair plan template & feasibility report you can use for FREE . Okay, so we have considered all the requirements for starting an electronics repair business. We also took it further by analyzing and drafting a sample electronics repair marketing plan template backed up by actionable guerrilla marketing ideas for electronics repair companies. So let’s proceed to the business planning section.

Why Start an Electronics Repair Business?

If you studied electrical electronics engineering at the university or even in a technical school, you can comfortably set up your own electronics repair shop in any part of the united states and still make headway in the business. Among the factors that need to be considered before starting a new business is the size/population of the city or town you intend starting the business, the level of competition you are likely going to face, and of course the availability of market for your services or products.

An electronics repair shop is a money spinning business that an aspiring entrepreneur who is looking towards starting a business in the United States of America should consider starting. One good thing about this type of business is that you can learn the technical skills from someone who is already in the business or from a technical school.

All you need to do is to rent a shop in a good location and then setup your shop and advertise your electronics repair business. If you are lucky to be one of the few electronic repair technicians in your community, you will sure make good money from this type of business.

Almost every home and office has one form of electronics or the other, and over time these electronic gadgets will require maintenance, servicing and repairs. This goes to show that there is indeed a huge market for electronic repair shops. All you need to do to start this business is to learn the technical skills required to service, maintain and repair electronic gadgets and also to acquire the required work tools.

In general, starting an electronic repair shop business requires low startup capital, but it is indeed a very profitable venture if it is well positioned and you know how to deliver excellent jobs. The amount you can make per day is largely dependent on your ability to market your service.

Here is a sample electronics repair business plan template that will guide you to write yours.

A Sample Electronics Repair Business Plan Template

1. industry overview.

The Electronic and Computer Repair Services industry is made of companies in that are engaged in repairing and maintaining one or more of the following: consumer electronic equipment, computers, office machines, communication equipment and other electronic and precision equipment.

Establishments in this industry repair items including microscopes, radar and sonar equipment, televisions, stereos, video recorders, computers, photocopying machines, communications equipment, scientific instruments and medical equipment.

If you are in the United States, you will agree that the Electronic and Computer Repair Services industry is looking for ways to increase revenue generation. As a matter of fact, with increasing affordability of electronics and computers, consumers and businesses will rather purchase new products as against repairing their faulty equipment, hence leading to a drop in demand and revenue for the industry.

Additionally, electronic users have opted to purchase more advanced products and scrap damaged or outdated goods. In recent time, the life cycle of electronic goods and computers has shortened, and the introduction of new technology has provided further incentive for consumers and businesses to replace their old equipment.

The industry is still dominated by original equipment manufacturers (OEMs), which are companies that will visit a customer to repair or replace the same products that they make. In recent years, large chains like Best Buy with their “Geek Squad” have opened up repair arms; powered by their name recognition and huge marketing budget, they immediately became a formidable competitor for any computer repair business. In addition, with electronics cheaper than ever, some people have tended to replace their electronics entirely rather than bother to have them repaired.

The Electronic and Computer Repair Services industry is indeed a very large industry and pretty much thriving in all the parts of the world. As a matter of fact, there are no companies with a leading market share in the industry. Statistics has it that in the United States of America alone, there are about 57,629 licensed and registered electronic and computer repair services related businesses responsible for employing about 141,369 employees and the industry rakes in a whooping sum of $19bn annually with an annual growth rate projected at 0.4 percent within 2012 and 2017.

A recent report published by IBISWorld shows that the geographic distribution of industry establishments closely mirrors the geographic distribution of the US population. Most industry players are small-scale, labor-intensive operations, and therefore, they cater to their local markets.

The report further stated that the Southeast region accounts for the largest share of the US population at 25.6 percent and 27.8 percent of total establishments. Florida accounts for a significant share of both population and industry presence in the region.

The report also shows that the West holds a large share of industry establishments (16.8 percent) and US population (17.2 percent). The largest state, in terms of establishments, is California, which captures 11.9 percent.

Some of the factors that encourage entrepreneurs to start their own electronic and computer repair services are that people and businesses who can’t afford to purchase new electronics would always employ the services of electronic repair companies and it will be safe to state that for now, the business is a profitable business. It requires minimal startup capital and minimal manpower to launch and operate the business.

2. Executive Summary

Harry Perry® Electronics Repair Shop, LLC is a U.S based electronics repair business. We have been able to secure a standard shop facility in a central business district close to one of the largest residential estates in Trenton – New Jersey. We are an electronics repair business that is set to compete in the highly competitive industry not only in Trenton – New Jersey, but also throughout the United States market.

Harry Perry® Electronics Repair Shop, LLC will offer all aspects of electronics repair services such as consumer electronics (including home theaters, DVD, radio, TV and VCR) repairs, computer and office machine repairs, communications equipment repairs and other electronic equipment repairs such as dental equipment, medical and surgical equipment and optical instruments et al.

Our business goal is to become one of the leading electronics repair shop business in the United States and we will make sure that we do all we can to compete favorably with leaders in the industry.

Our workers are going to be selected from a pool of certified electronics and computer repair engineers in and around Trenton – New Jersey. We will make sure that we take all the members of our workforce through the required training that will position them to meet the expectations of the company.

At Harry Perry® Electronics Repair Shop, LLC, our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.

Harry Perry® Electronics Repair Shop, LLC is founded by Engr. Harry Perry an electrical electronics engineer who graduated with from Massachusetts Institute of Technology (B.Engr. Electrical/Electronic Engineering). He has a combined experience that can help them build Harry Perry® Electronics Repair Shop, LLC to favorably compete with other leading electronics repair businesses in the United States of America.

3. Our Products and Services

Harry Perry® Electronics Repair Shop, LLC was established with the aim of maximizing profits in the electronics repair services industry. We want to compete favorably with the leading electronics repair businesses in the United States which is why we have but in place a competent quality assurance team that will ensure that every repair carried out meet and even surpass our customers’ expectations.

We will work hard to ensure that Harry Perry® Electronics Repair Shop, LLC is not just accepted in Trenton – New Jersey but also in other cities in the United States of America. Our repair services are listed below;

• Consumer electronics (including home theaters, DVD, radio, TV and VCR) repairs
• Computer and office machine repairs
• Communications equipment repairs
• Other electronic equipment repairs such as dental equipment, medical and surgical equipment and optical instruments

4. Our Mission and Vision Statement

• Our vision is to launch a standard electronics repair business whose services and brand will not only be accepted in Trenton – New Jersey but also in other cities in the United States of America.
• Our mission is to provide professional electronics repair services that owners of electronics will come to when their electronics become faulty. We want to build an electronics repair business that can favorably compete with other leading brands in the electronics repair services industry.

Our Business Structure

Harry Perry® Electronics Repair Shop, LLC, is an electronics repair business that intends starting small in Trenton – New Jersey, but hopes to grow big in order to compete with leading electronics repair companies in the industry. We are aware of the importance of building a solid business structure that can support the kind of business we want to own, which is why we are committed to only hire the best hands within our area of operation.

At Harry Perry® Electronics Repair Shop, LLC, we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all our stake holders.

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

• Chief Executive Officer
• Head, Technical Services

Human Resources and Admin Manager

• Sales and Marketing Executive
• Electronics Repair and Maintenance Engineers and Technicians (10)

Client Service Executive

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

• Increases 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.
• Generates and implements the organization’s vision, mission, and overall direction -.
• Responsible for fixing prices and signing business deals
• Provides direction for the business
• Responsible for signing checks and documents on behalf of the company
• Evaluates the success of the organization

Head, Technical Services:

• Serves as project manager of the organization; works directly with employees
• Develops strategic plan by studying technological and financial opportunities; presenting assumptions; recommending objectives.
• Builds company image by collaborating with customers, government, community organizations, and employees; enforcing ethical business practices.
• Maintains quality service by establishing and enforcing organization standards.
• Makes certain that the technical department perform efficiently, coordinate employee efforts, and facilitate communications between management and electronics repairs and maintenance engineers and technicians
• Ensures that the organization works in line with international best practices
• Responsible for overseeing the smooth running of HR and administrative tasks for the organization
• Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
• Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
• Defines job positions for recruitment and managing interviewing process
• Carries out induction for new team members
• Responsible for training, evaluation and assessment of employees
• Responsible for arranging travel, meetings and appointments
• Oversees the smooth running of daily office activities

Sales and Marketing Manager

• Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
• Writes winning proposal documents, negotiate fees and rates in line with organizations’ policy
• Responsible for handling business research, market surveys and feasibility studies for clients
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Develops, executes and evaluates new plans for expanding increase sales
• Creates new markets cum businesses for the organization
• Empowers and motivates the sales team to meet and surpass agreed targets

Accountant /Cashier:

• Responsible for preparing financial reports, budgets, and financial statements for the organization
• Responsible for financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and financial reporting for one or more properties.
• Accountable for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensures compliance with taxation legislation
• Handles all financial transactions for the organization
• Serves as internal auditor for the organization

Electronics Repair and Maintenance Engineers (2) and Technicians (8)

• Responsible for carrying out consumer electronics repairs
• Carrying out computer and office machine repairs
• Responsible for carrying out communications equipment repairs
• Responsible for handling other electronic equipment repairs such as dental equipment, medical and surgical equipment and optical instruments
• Welcomes clients and potential clients by greeting them in person or on the telephone; answering or directing inquiries.
• Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
• Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services

6. SWOT Analysis

Harry Perry® Electronics Repair Shop, LLC engaged the services of a professional in the area of business consulting and structuring to assist our organization in building a well – structured electronics repair business that can favorably compete in the highly competitive electronics repair industry in the United States.

Part of what the business consultant did was to work with the management of our organization in conducting a comprehensive SWOT analysis for Harry Perry® Electronics Repair Shop, LLC. Here is the result of the SWOT analysis that was conducted on behalf of Harry Perry® Electronics Repair Shop, LLC;

Our core strength lies in the power of our workforce. We have a team of highly trained electronics repair engineers and technicians, a team with excellent qualifications and experience in various niche areas in the industry. Aside from the synergy that exists in our carefully selected workforce, our services will be guided by international best practices.

As a new electronics repair business in Trenton – New Jersey, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients in the highly competitive electronics repair industry; that is perhaps our major weakness. Another weakness is that we may not have the required cash to promote our business the way we would want to.

• Opportunities:

The truth is that the opportunities in the electronics repair industry is massive considering the number of individuals and corporate organizations that own one form of electronics or the other and even computers. As an electronics repair business, we are prepared to take advantage of any opportunity that is available in the industry.

From our findings, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power. In addition, with electronics becoming cheaper than ever, some people have the tendencies to replace their electronics entirely rather than bother to have them repaired.

Another threat that may likely confront us is the arrival of a new electronics repair shop and even original equipment manufacturers who run repair centers in the same location where our target market exists and who may want to adopt same Business model like us.

7. MARKET ANALYSIS

• Market Trends

One good thing about the electronics repair services industry is that it is an open industry hence it has a low level of market share concentration. Even though large electronics and computer manufacturing companies operate in the industry, revenue is also spread among thousands of small electronics repair centers and even mobile electronics repair businesses.

As a matter of fact, no single electronics repair shop or electronics manufacturing company can account for more than 5.0 percent of the total revenue generated in the industry. This is the reason why smaller electronics repair shops account for a large percentage of the players in the industry.

It is a known trend in the developed world to find steady growth in the electronics repair industry. The industry has grown steadily over the last five years in the United States of America and it is projected to continue to enjoy steady growth.

Individuals and businesses have increased demand for electronics repair services, as rising per capita disposable income and corporate profit encourages consumers to opt for electronics repair and maintenance services over do-it-yourself repair. Going forward, disposable income levels are expected to continue to grow, encouraging some consumers to spend more on the maintenance and repair of their electronics and computers.

8. Our Target Market

Prior to starting our electronics repair business in Trenton – New Jersey, we conducted a market survey and feasibility studies and we are certain that there is a wide range of clients who would need our services. In view of that, we have created strategies that will enable us reach out to various corporate and individual clients who we know can’t afford to do without our services.

Below is a list of the people and organizations that can market our repair services to;

• Individuals and households who own electronics
• Banks, Insurance Companies and other related Financial Institutions
• Corporate Organizations
• Manufacturers and Distributors
• The Government (Public Sector)
• Schools (High Schools, Colleges and Universities)
• Religious Organizations (sound system and electrical gadgets)
• Television Stations
• Printing Press (Publishing Houses)
• Entrepreneurs and Start-ups

Our Competitive Advantage

Without a shadow of doubt, there are loads of big time investors that have a stake in the electrical repair services industry; but one thing is certain, there is room big enough to accommodate everyone. What smaller electronics repair companies need to do to survive in the industry is to concentrate on providing electronics repair, maintenance and installation services to households, individuals, estates, communities, schools, hospitals and hotels et al before bidding for big contracts from corporations and government agencies.

We are quite aware that to be highly competitive in the industry means that you are not only expected to deliver highly reliable electronics installation, repair, and maintenance jobs, but you must be able to meet set targets. No one would want to continue to bring their faulty electronics to your shop if they know that you are not going to carry out a thorough repair job.

Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Harry Perry® Electronics Repair Shop, LLC is established with the aim of maximizing profits in the electronics repair industry and we are going to go all the way to ensure that we do all it takes to meet and surpass the expectations of all our clients.

Harry Perry® Electronics Repair Shop, LLC will generate income by offering the following electronics repair related services;

10. Sales Forecast

One thing is certain, there would always be corporate organizations and individuals who would need to repair their faulty electronics and gadgets hence the need for the services of electronics repair shops.

We are well positioned to take on the available market in electronics and computer repair services industry in Trenton – New Jersey and we are quite optimistic that we will meet our set target of generating enough profits from our first six months of operation and grow our electronics repair company to enviable heights.

We have been able to critically examine the electronics repair market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in Trenton – New Jersey.

• First Year: $250,000
• Second Year: $550,000
• Third Year: $750,000

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same electronics repair services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

We are fully aware of the competition that exists in the electronics repair industry, hence we have been able to hire some of the best marketing experts to handle our sales and marketing. Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis to meet their targets and the overall business goal of Harry Perry® Electronics Repair Shop, LLC.

Our corporate goal is to grow Harry Perry® Electronics Repair Shop, LLC to become one of the top 10 electronics repair brands in the United States of America which is why we have mapped out strategies that will help us take advantage of the available market and grow to become a major force to reckon with not only in Trenton – New Jersey but also in other cities in the United States of America.

Harry Perry® Electronics Repair Shop, LLC is set to make use of the following marketing and sales strategies to attract clients;

• Introduce our electronics repair company by sending introductory letters alongside our brochure to households, electronics shops, corporate organizations, religious organizations and key stake holders in and around Trenton – New Jersey
• Promptness in bidding for electronics installation, repair and maintenance contracts from the government and other cooperate organizations
• Advertise our business in relevant business magazines, newspapers, TV stations, and radio station.
• List our business on yellow pages ads (local directories)
• Attend relevant international and local expos, seminars, and business fairs et al
• Create different packages for different category of clients in order to work with their budgets and still deliver excellent services
• Leverage on the internet to promote our business
• Engage in direct marketing approach
• Encourage word of mouth marketing from loyal and satisfied clients

11. Publicity and Advertising Strategy

We have been able to work with our in house brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to become the number one choice for both corporate and individual clients in the whole of the United States and beyond which is why we have made provisions for effective publicity and advertisement of our electronics repair and maintenance company.

Below are the platforms we intend to leverage on to promote and advertise Harry Perry® Electronics Repair Shop, LLC;

• Place adverts on both print (newspapers and magazines) and electronic media platforms
• Sponsor relevant community based events / programs
• Leverage on the internet and social media platforms like; Instagram, Facebook, twitter, YouTube, Google + et al to promote our services
• Install our billboards in strategic locations all around Trenton – New Jersey
• Engage in roadshows from time to time in targeted neighborhoods
• Distribute our fliers and handbills in target areas
• List our electronics repair and maintenance company in local directories / yellow pages
• Advertise our electronics repair and maintenance company in our official website and employ strategies that will help us pull traffic to the site.
• Ensure that all our staff members wear our branded shirts and all our vehicles are well branded with our company logo et al.

12. Our Pricing Strategy

At Harry Perry® Electronics Repair Shop, LLC, we will keep the prices of our repair services below the average market rate by keeping our overhead low and by collecting payment in advance from corporate organizations who would hire our services. In addition, we will also offer special discounted rates to all our customers at regular intervals.

We are aware that there are some one – off jobs or government contracts like electronics installation, repair and maintenance jobs which are always lucrative, we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts.

• Payment Options

The payment policy adopted by Harry Perry® Electronics Repair Shop, LLC is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Harry Perry® Electronics Repair Shop, LLC will make available to her clients;

• Payment with cash
• Payment via Point of Sale Machine (POS)
• Payment via online bank transfer
• Payment via check

In view of the above, we have chosen banking platforms that will enable our clients make payment for our repair services without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.

13. Startup Expenditure (Budget)

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business.

The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. However, this is what it would cost us to setup Harry Perry® Electronics Repair Shop, LLC in the United of America;

• Business incorporating fees in the United States of America will cost – $750.
• The budget for Liability insurance, permits and license will cost – $3,500
• Acquiring an office space or warehouse that will accommodate the number of employees for at least 6 months (Re – Construction of the facility inclusive) will cost – $100,000.
• The amount required to purchase the needed tool box and repair equipment – $25,000
• Equipping the office (computers, printers, projectors, markers, servers / internet facility, furniture, telephones, filing cabinets, and electronics) will cost – $30,000
• Amount required to purchase the needed software applications – $3,500
• Launching an official Website will cost – $500
• Amount needed to pay bills and staff members for at least 2 to 3 months – $70,000
• Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost – $5,000

Going by the report from the market research and feasibility studies conducted, we will need about two hundred and fifty thousand ( 250,000 ) U.S. dollars to successfully set up a medium scale but standard electronics repair and maintenance company in the United States of America.

Generating Startup Capital for Harry Perry® Electronics Repair Shop, LLC

Harry Perry® Electronics Repair Shop, LLC is a business that will be owned and managed by Engr. Harry Perry and his immediate family members. They are the sole financiers of the business which is why they decided to restrict the sourcing of the startup capital for the business to just three major sources.

These are the areas we intend generating our start – up capital;

• Generate part of the startup capital from personal savings and sale of his stocks
• Generate part of the startup capital from friends and other extended family members
• Generate a larger chunk of the startup capital from the bank.

N.B: We have been able to generate about $50,000 ( Personal savings $30,000 and soft loan from family members $20,000 ) and we are at the final stages of obtaining a loan facility of $200,000 from our bank. All the papers and documents have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

One of our major goals of starting Harry Perry® Electronics Repair Shop, LLC is to build a business that will survive off its own cash flow without injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to offer our electronics repair and maintenance services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Harry Perry® Electronics Repair Shop, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

• Business Name Availability Check: Completed
• Business Incorporation: Completed
• Opening of Corporate Bank Accounts in various banks in the United States: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Securing a standard office facility for our workshop: Completed
• Application for business license and permit: Completed
• Purchase of Insurance for the Business: Completed
• Conducting Feasibility Studies: Completed
• Generating part of the startup capital from the founders: Completed
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents: In Progress
• Design of Logo for the business: Completed
• Secure trademark for our products: In Progress
• Printing of Promotional Materials: Completed
• Recruitment of employees: In Progress
• Purchase of the needed electronics repair tool box and equipment, furniture, office equipment, software applications, electronic appliances and facility facelift: In progress
• Creating Official Website for the business: In Progress
• Creating Awareness for the business: In Progress
• Health and Safety and Fire Safety Arrangement: In Progress
• Establishing business relationship with vendors and key players in various industries: In Progress

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Electronics Company Business Plan Template

Document description.

This electronics company business plan template has 33 pages and is a MS Word file type listed under our business plan kit documents.

Sample of our electronics company business plan template:

Electronics Company Business Plan [YOUR NAME] [YOUR TITLE] Phone: [YOUR PHONE NUMBER] Email: [[email protected]] [YOUR WEBSITE ADDRESS] Confidentiality Agreement The undersigned reader acknowledges that the information provided by [YOUR COMPANY NAME] in this business plan is confidential; therefore, reader agrees not to disclose it without the express written permission of [YOUR COMPANY NAME]. It is acknowledged by reader that information to be furnished in this business plan is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader may cause serious harm or damage to [YOUR COMPANY NAME]. Upon request, this document is to be immediately returned to [YOUR COMPANY NAME].

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3,000+ templates & tools to help you start, run & grow your business, all the templates you need to plan, start, organize, manage, finance & grow your business, in one place., templates and tools to manage every aspect of your business., 8 business management modules, in 1 place., document types included.

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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Home > Homes > Electrical Installers > 12 tips for starting a successful electrical contracting business

Electrical Installers

12 tips for starting a successful electrical contracting business

May 14, 2024

5 min read |  Guest Blogger

This audio was created using Microsoft Azure Speech Services

Starting an electrical contracting business is challenging, even for experienced electricians. We asked two Canadian sparkies, Simon Noone and Ben Morin, to share their tips—both went out on their own after working for other contractors. Noone started his company, Tried and True Electric, six years ago in Wallacetown, Ontario. Morin launched Amped Electric, which operates in Brandon, Manitoba, in 2015.

5 tips for getting the business going

• Consider whether you want to go solo or work with a business partner. Although many electrical contractors run companies on their own, “a partner gives you freedom and flexibility to take a vacation or time off if your family needs you.” says Noone. A good partner, he says, can share the load and help you build a stronger business.
• Make sure a partner’s values are aligned with your own. Before signing any legal agreements or writing a business plan, Noone and his business partner talked to each other at length. They both wanted to be sure they understood—and shared—each other’s work ethic, quality standards, and vision for the business’s future.
• Know your limits and get the business help you need. “I trained as an electrician, not as a bookkeeper or accountant,” says Morin. Working in the trades, he says, means you should understand when to call in an expert rather than trying to do everything yourself.
• Develop business systems, whether for dealing with paperwork and record-keeping, for prompt quoting and invoicing, or for handling customer inquiries. Staying organized and working efficiently is necessary for business success, both electricians agree.
• Be financially prepared for a rough start. Noone and his partner set aside enough money to cover at least the first year’s expenses. “Between buying a vehicle, paying for materials, and payroll—we hired an apprentice right away—money was going out faster that it was coming in. It wasn’t until the 11th month when we could pay ourselves.” But that moment, he adds, reassured him the business was going to succeed.

3 tips for maintaining positive customer and supplier relations

• Build long-term relationships with suppliers . Noone says he depends on suppliers to have high-quality materials in stock, to price materials fairly and consistently so he can quote accurately, and to stand behind what they sell—now and in the future. “We deal with Schneider Electric almost exclusively for panels now, and we really depend on Homeline arc fault breakers. Some other arc fault breakers experience a lot of nuisance tripping, which can cost an electrician a lot in call backs just to replace one small part.”
• Address customer issues quickly. Most customers, says Morin, will be reasonable when they know what’s going on. “Even when there were supply chain issues during the pandemic, for example, Schneider addressed our questions in a timely manner, which meant we could keep our customers informed—and happy.”
• Document every change order. When customers ask for extras, “put it in writing and get clients to sign off on it,” says Noone. Homeowners don’t know when a seemingly simple request adds a lot of expense. If you haven’t documented changes, he says, be prepared to face objections when you invoice. “No one likes surprises, and every client absolutely has the right to question what’s on an invoice,” he adds, “so you need backup to help them understand your charges.”

4 tips for managing stress

• Practise the tough stuff. “Chasing after payments and dealing with confrontational clients—those are things I don’t enjoy,” Noone says. “But over time I’ve learned how to do it.” As well, organized business systems, complete documentation, and clear communications make it easier to deal with many issues.
• Learn to unplug. Morin says it took a while, but he learned to leave the stress of running a business at the office. “Now, when I get home, I sometimes imagine a coat rack inside the door. I take my work hat off, and I put my family guy hat on.”
• Don’t forget that you do have a backup plan . For electricians in many job markets, Morin says, there’s enough demand that “it’s relatively easy to go back and work for someone else.” That safety net can make taking the leap and starting an electrical contracting business a little easier.
• Remember your why. For both Noone and Morin, when business is especially challenging, they see family as a motivation for working hard at building a business and a support system when they need it. Noone says his employees and their families also motivate him. “We want our employees to feel like they’re building a company with us. As we grow, we want them to grow too.” Both electricians recommend taking stock of the business’s developments. “I like looking back at where I started,” says Morin. “The time went so fast, but seeing the business and the projects we do come to fruition puts a smile on my face.”

At Schneider Electric, we are committed to making your professional life easier by providing you with tools and resources designed to save time, increase efficiency, and grow your business.

That’s why we’ve created the mySchneider Electrician Program. A personalized experience offering a whole portfolio of solutions and business advantages designed to make your work more efficient, support your business needs and open the door to new business opportunities, such as starting an electrical contracting business. All completely free, accessible from your mobile device via app or browser.

Don’t wait, enjoy the mySchneider benefits, login/register at mySchneider .

About the author

Jeff Sproule, Ontario Channel Sales Senior Manager

Jeff Sproule is the Ontario Channel Sales Senior Manager for Schneider Electric Canada.  With over 25 years of experience in the industry and 17 years at Schneider Electric, Jeff has spent the last 9 years leading various Commercial and Channel Sales teams in Ontario to provide best in class product offers to Electricians and Electrical Contractors.

Tags: Electrical Contractors , Electrician , entrepreneur

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Bachelor's Degree in Electrical Engineering

Why pursue an electrical engineering bachelor's degree.

Electrical Engineering has long played a critical role in undergirding innovations that improve the quality of life, support economic growth, and address societal problems. Electrical Engineering plays a pivotal role in power and energy distribution, communications, and computation, even with the evolution of power-carrying channels from metal cables to nanowires or optical fibers; networks of communications from wires to wireless to neurons; and basic electrical switches from vacuum tubes to transistors to carbon nanotubes. 

At Harvard College, students choose a "concentration," which is what we call a major. All prospective undergraduate students, including those intending to study engineering and applied sciences, apply directly to  Harvard College . During your sophomore spring you’ll declare a concentration, or field of study. You may choose from 50 concentrations and 49 secondary field (from  Harvard DSO website ).

The Electrical Engineering concentration spans a broad range of topics, ranging from the physics of new materials and devices, the circuits and next-generation computing platforms made from these devices, and the algorithms that run on these platforms. The range of subtopics includes power systems, (micro) electronics, control systems, signal processing, telecommunications, and computing systems. Students learn how to analyze, design and build devices and systems for computation, communication and information transfer.

Students can pursue a degree with an emphasis in electrical engineering through the following concentrations:

• S.B. in Electrical Engineering
• A.B. in Engineering Sciences - Electrical and Computer Engineering Track

Students in either degree program take many of the same upper-level EE courses. The A.B. program affords the flexibility to pursue complementary studies in other disciplines or to dive deeper into a specific sub-discipline of EE, while the S.B. program provides a broader basis in engineering fundamentals with courses from other engineering areas and design.

Learn about our Electrical Engineering Concentrators >

Apply to Harvard College >

Prerequisites

Learn about the prerequisites for the concentration and the differences between the S.B. and A.B. tracks on on our First Year Exploration page . Students interested in concentrating in Electrical Engineering can be matched with a Peer Concentration Advisor. PCAs serve as peer advisors for pre-concentrators (and current concentrators), providing a valuable perspective and helping students to discover additional resources and opportunities. Learn more about the Peer Concentration Advisor program .

Electrical Engineering Bachelor of Science (S.B.)

The undergraduate EE curriculum emphasizes both depth and breadth within the sub-disciplines of electrical engineering.  All students will specialize in electronic circuits and devices while being provided the opportunity explore signals and systems theory, control systems, robotics, optoelectronic devices, integrated circuits, energy systems, computer vision, electronic materials, computer software and hardware, as well as mechanical, biological, and environmental systems.  Through this coursework, students also gain experience in the engineering design process, the engineering activity that requires creative synthesis as well as analysis.

Electrical Engineering Bachelor of Arts (A.B.)

Electrical Engineering plays a pivotal role in power and energy distribution, communications, and computation, even with the evolution of power-carrying channels from metal cables to nanowires or optical fibers; networks of communications from wires to wireless to neurons; and basic electrical switches from vacuum tubes to transistors to carbon nanotubes. The curriculum emphasizes depth and breadth within EE sub-disciplines. Students specialize in electronic circuits and devices, with the opportunity explore signals and systems theory, control systems, robotics, optoelectronic devices, integrated circuits, energy systems, computer vision, electronic materials, computer software and hardware, as well as mechanical, biological, and environmental systems. 

AB/SM Program

Our AB/SM degree program  is for currently enrolled Harvard College students only.

Research Opportunities

Opportunities for undergraduates to conduct research in electrical engineering abound. As part of your coursework, or perhaps as part of individual research opportunities working with professors, you will have the chance to take part in or participate in some extraordinary projects. Learn more about research opportunities at Harvard SEAS .

Learn about the  research interests of our Electrical Engineering faculty .

Bachelor’s in Electrical Engineering Career Paths

Students concentrating in Electrical Engineering often pursue careers in computer engineering, aerospace, human-machine Interface design, communication system design, or engineering management. Many students pursue advanced degrees or become entrepreneurs. Read about some of our electrical engineering alumni .

Clubs and Organization

SEAS-affiliated student organizations are critical to the overall growth of our concentrators as engineering and applied science professionals. These organizations enable our students to pursue passion projects and events in areas of interest that are complementary to the current formal academic curriculum. Learn more about SEAS-affiliated student clubs and organizations .

In Electrical Engineering

• Undergraduate Engineering at Harvard
• Concentration Requirements
• How to Declare
• Who are my Advisors?
• Sophomore Forum
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• Research for Course Credit (ES 91R)
• AB/SM Information
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WEATHER ALERT

4 warnings and 2 advisories in effect for 12 regions in the area

Day 6 of storm recovery in houston: here’s your power outage update, wednesday evening, 30,839 people were without power and more than 90-percent of outages had been restored.

Holly Galvan Posey , Digital Content Producer

CenterPoint Energy expects to have power back on to just about everyone by Wednesday evening.

• As of 9:30 p.m. Wednesday, 30,839 customers did not have power
• More than 890,000 customers who lost power last Thursday have had it restored

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The company’s Wednesday evening update had these three key messages:

• 97% of customers impacted by severe storm restored
• Company stays laser-focused on returning service to remaining customers
• CenterPoint committed to helping neighbors in need

SEE ALSO: KPRC 2′s Bill Spencer questions CenterPoint on Houston’s massive power outages after storm; Here’s what we learned

UPDATE: As of 9:30 p.m. CT, the company has restored 97% or more than 890,000 customers impacted by the May 16 severe storm across its service territory, which represents 99% of all customers. Any remaining outages after this evening will be predominantly isolated instances in certain locations where there is substantial damage or where customers are unable to receive power. CenterPoint has and will continue to have the workers and resources needed to address these remaining outages as safely and quickly as possible.

In some cases, new outages may be attributable to service issues that periodically occur on CenterPoint’s system and are unrelated to the May 16 weather event, such as a vehicle accident resulting in a downed pole and wires. In the past 24 hours, CenterPoint has experienced more than 5,000 customer outages associated with these types of incidents, which were not related to the storm and add to the company’s overall outage count on its website. Crews are also addressing these outages.

UPDATE: As the restoration process continues, CenterPoint will update its website. The company’s website now offers a guide to help customers identify their service area. The CenterPoint outage map has been enhanced with address search capabilities for more detailed information about customer restoration. Both the map and service area updates can be found below. The company’s website now features a guide for identifying your service area, allowing you to view storm updates in your area.

SEE ALSO: Ask 2: Why are there inaccuracies in the CenterPoint outage map?

According to CenterPoint, approximately 90% of customer outages will be resolved by Tuesday evening. The company remains on track to restore power to the remaining 150,000 customers by Wednesday evening.

“While the efforts by our crews have resulted in steady progress on our restoration goals, we know there is still a lot of hard work ahead to restore our customers still impacted by last Thursday’s storm,” said Lynnae Wilson, Senior Vice President, Electric Business said in a press release. “To this end, we continue to have our significant vegetation management workforce addressing extensive tree damage.”

Wilson added, “We understand how difficult it has been for our customers who are going on five days without power. We will not stop until we get the job done.”

CenterPoint announced they have posted an enhanced outage map with address search capabilities for more detailed customer restoration

Here’s a look at some of the latest updates from CenterPoint:

• Company restores approximately 85% of those impacted by last week’s severe weather event
• Restoration efforts continue on the most difficult outages; company expects approximately 90% of customer outages restored by Tuesday
• CenterPoint remains on target to substantially complete restorations by Wednesday evening
• Houston Permitting Center provides fast-track process for restoration of customer-owned equipment

“CenterPoint Energy will continue to work day and night to restore service to our impacted customers,” said Lynnae Wilson, Senior Vice President, Electric Business in a press release. “We understand the higher temperatures we are experiencing across Houston and surrounding communities make getting the lights and air conditioning back on even more important. Our customers should know that we appreciate their continued patience. Getting our jobs done as safely and quickly as possible is our top priority.”

RELATED: CenterPoint Energy aims to complete power restorations by Wednesday

Since the severe weather impacted the company’s service area, CenterPoint said it is confident that its customer restoration expectations will be met. A comprehensive restoration plan is being developed to restore service to key facilities vital to public safety, health and welfare, including hospitals, police and fire departments, and water treatment plants, as well as conducting damage assessments to determine the impacts on the system.

• Help for Houston windstorm victims: Where to find food, shelter, and other services

“As the company gets further into the recovery process, customers must check for equipment damage to ensure they can receive service as soon as the system is energized. This will prevent further delays to restoration. Specifically, customers should check their weatherhead, the point where power enters the home through an electric service drop, which is often a pipe located on the side of the residence or building. If the weatherhead is damaged, we cannot safely restore service to the home until a licensed electrician has made the necessary repairs. Customers who are served by an underground service will not have a weatherhead, but there may still be damage to their equipment that could require servicing,” the company said.

To help expedite the restoration process for customers with damaged weatherheads, the Houston Permitting Center is providing a fast-track process for restoring electrical service for “like-for-like repairs only, no improvement.” To participate, follow these steps:

• Verify your Electrical Contractor by calling 832-394-8860. Only a registered City of Houston Electrical Contractor can repair your electrical service.
• Have your registered Electrical Contractor purchase your Temporary Cut (TCI)\Reconnect Permit using the iPermits system. Visit: the City of Houston > Online Permits (houstontx.gov)
• For after-hours work, please use the numbers located in your electrical registration packet for the City of Houston.
• Then the homeowner needs to contact the Electrical Service Provider (ex., Green Mountain, TXU, Reliant) to obtain a release of electrical service.
• Once all necessary releases have been obtained and processed, a requisition will be created to restore power. If you have any questions, please contact:
• Electrical Inspections:
• Phone: 832-394-8860
• Email: [email protected]
• Learn More About Reconnect or Temporary Cut In | TPI Permits:
• Reconnection Fee | Houston Permitting Center
• Temporary Cut-In Permit | Houston Permitting Center

SEE MORE COVERAGE:

• ‘God’s here:’ Tornado tears roof from several homes in neighborhood, miraculously no one hurt
• KPRC 2 News crew intercepts Houston tornado live on TV
• LIVE power outage tracker: Here’s how to find out when your power might be back on in Houston
• City of Houston releases cooling centers, ice and water centers across Harris County
• Houston SPCA’s Wildlife Center sees increase in animals following severe weather

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About the Author

Holly galvan posey.

Holly joined the KPRC 2 digital team in March 2024, leveraging her eight years of expertise in blogging and digital content to share her passion for Houston. Outside of work, she enjoys exploring the city's vibrant scenes, all while balancing her roles as a wife and mother to two toddlers.