Electrical Business Review Checklist

1. Define your business objective/s for the year
Where do you want to be by the end of 2023? It helps to write them down, and ideally, they should be specific, measurable, and achievable.

2. Break your objective down
Define and note down the steps you need to take to achieve those business objectives

3. Be clear on your target market
What areas are you covering? Who are your ideal target customers?

It may be helpful to look back at the last couple of years and who your most profitable jobs were and why.

What traits did these customers have? What areas was the work in?

Are there any new emerging opportunities in your area/industry which you have the capacity and the skills to capitalise on?

4. Review your operational expenses and insurance/s
Ensure alignment with your business plan, accounting for factors like rising fuel costs, wages, holiday entitlements, and up-to-date insurance coverage in line with your current and future business goals.