Date(s) - 07/30/2021
9:00 am - 3:00 pm
This course has been approved by the NCBEEC as a synchronous virtual learning environment and counts towards your classroom-based CEU hours.
July 30th, 2021, Friday, 9am to 3pm
Fulfills 6 Classroom hours for North Carolina, Kentucky’s Contractor, & Florida’s BSP (Business Practice), WC (Workers’ Comp), and WPS (Workplace Safety)
This is a 6 hour course for new to experienced electricians needing to have a comprehensive review of industry-wide business management systems including safety practices and construction law. This course models the building of an electrical company from one person to 15+ to show the growth in need for planning, insurance, ethical practice and fiscal responsibility, proper estimating and bidding, and employee management. The course ends with a review and discussion on OSHA and NFPA-70E considerations for electrical safety and safe practice standards.
Where: Virtual Zoom Classroom – log in instructions emailed to you at time of registration
Outline of Workshop
Fundamental Framework (60 minutes)
Taking a mock-company, this section covers creating a solid business plan, choosing an appropriate organization type/structure, and establishing general liability, workman’s compensation and surety insurance, as well as banking and licensing needs.
Start-Up Tasks (60 minutes)
Continuing from the fundamental framework portion, this section covers the action steps for starting to earn revenue, including marketing, time management methods, delegation of tasks and subcontracting, and financial accounting systems.
Business Protection & Liabilities (30 minutes)
Business, employee, and client insurance needs are covered, in addition to bonding needs. All main forms of bonding are reviewed.
Estimating Projects & Tasks (45 minutes)
Using a blueprint for the mock-company’s first big contract opportunity, this portion of the class covers estimating for cost including profit and bidding on the job. Estimating methods are discussed as well as inventory control.
Daily Operations (15 minutes)
As the business builds, human resources, supervision, administrative functions, and delegation of tasks to office staff is covered.
Growth & Reputation (30 minutes)
Putting all the business management discussion together, this section discusses the three large steps in any company and expectations including liability, assets, and restructuring of the company that may occur. Reputation in regards to state licensing laws and company development is discussed, too.
OSHA & NFPA 70E Considerations (120 minutes)
Focusing on the business requirements to be compliant with work place safety standards, this last portion covers both OSHA 29 CFR for PPE and certification standards and the NFPA-70E, Electrical Safety Guidelines including lock-out take-out procedures to discuss the importance of solid business foundations.