HOW MUCH MONEY I MADE

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In this honest and reflective video, I delve into the financial challenges and setbacks I encountered as an electrician while working on multiple jobs. Join me as I share valuable insights into the mistakes, missteps, and unexpected expenses that contributed to financial losses in my electrical business.
In this video, I'll cover:
Identifying Costly Mistakes: I'll discuss specific mistakes and decisions that led to financial losses on various electrical projects. From underestimating project complexities to encountering unforeseen issues, I'll highlight the importance of thorough planning and risk assessment.
Unforeseen Expenses: I'll share stories of unexpected expenses that impacted project budgets, such as material price fluctuations, equipment breakdowns, and project delays. These unforeseen costs often contribute to financial losses and disrupt project timelines.
Client Relations and Payment Issues: I'll address challenges related to client relations, including payment delays, disputes, and non-payment issues. Poor communication and inadequate contract agreements can sometimes lead to financial losses for contractors.
Project Management Lessons: I'll reflect on lessons learned in project management, emphasizing the importance of effective cost control, accurate estimating, and proactive risk management to mitigate financial risks.
Overcoming Adversity: Despite the financial setbacks, I'll share strategies for overcoming adversity and turning challenges into valuable learning experiences. Resilience, adaptability, and a growth mindset are essential traits for navigating the ups and downs of the electrical trade.
Tips for Financial Stability: Based on my experiences, I'll offer practical tips and advice for electricians seeking to improve financial stability and profitability in their businesses. These tips include establishing clear contract terms, maintaining financial reserves, and seeking professional advice when needed.
By sharing my personal experiences and lessons learned from financial losses, I hope to inspire fellow electricians and tradespeople to navigate challenges with resilience and determination. Remember, setbacks are opportunities for growth and improvement.
Join me on this journey as I reflect on the financial realities of working as an electrician and share insights that can help others avoid similar pitfalls. Don't forget to like, share, and subscribe for more candid discussions on the realities of the electrical trade!
#ElectricianLife #FinancialLosses #LessonsLearned #ProjectManagement #ContractorChallenges #BusinessTips #GrowthMindset

[@Nick_Carlos]

Interesting I will always charge labour for faulty materials.
May charge the customer a little less as they have had the inconvenience but at the end of the day its not our fault.

[@mbelkadi7936]

Is the dimmer LED driver!! , I am only asking due to noise !!

[@Phil_AKA_ThundyUK]

Recover costs from the manufacturer. Trying to charge for warranty repairs or not doing it is a good way to end up in small claims court where you'll lose immediately. Appreciate not your fault but that's what they call a cost of doing business.

[@tonywatson1412]

Stuffing gland , if round grommet..., can be comprimised by earth running in alongside round flex....ip ...does,nt take much / less call backs if quality was better ...on products

[@ms.electrical]

I try not to fit any integral led fittings if I can customers can change a bulb ect themselves saves some call backs if one becomes faulty or worst case if it does get the wholesalers to deliver them a replacement- saves you fuel/time doing it , check brand warranty some inc on site guarantee so its fit and forget any faulty products they have to send their own team out to sort … if you find a good flood light tho let me know yet to fit one of them that lasts a winter without a call back they all seem to be pants

[@davidwhitefoot5680]

good advise - I stick to GU10 cans. try Collingwood floods

[@jameschappell1526]

That dimmer looks like minimum load 80w when you turned it over, probably the issue

[@DT-uy1ex]

Get a vpro dimmer put on that plate solve all your problems bullet proof rumor has it there's one on lights at Chernobyl still going strong

[@DT-uy1ex]

Might have been a British and general one

[@Nick_Carlos]

Great shout V-pro fixes all

[@KTWElectrical]

We have at least 1 day a month doing this!