Business Coaching for Electricians and Electrical Contractor Business Leaders2025-02-04T10:12:05+11:00

Australia’s top awarded business coaching firm. We are business coaches backing the success of leading electrical businesses like Prolux Electrical.

Our experience in coaching commercial maintenance contractors means that we know how to get ahead in this highly competitive electrical industry.

If you believe your electrical contracting businesses could do better and be better, find out how advanced business coaching can help.

Business coaching for electricians and electrical contracting business owners

Know your numbers

Be confident that you’re making good money on quoted electrical commercial maintenance work, construction projects and do & charge jobs.

Get ahead of the pack

Stand out from your competitors as the preferred electrician for commercial decision makers, FMs and property managers.

Be in control

Control the profit gears in your electrical contracting business: Sales, billable hours, materials

Protect your business from shocks

Bulletproof your electrical company from the knocks. Plan ahead, stay in front.

Lead a high-performing team

Lead a team you can rely on of A-grade electricians, PMs and service managers.

Freedom to choose

Work ON your business, not in it, to have financial freedom for your business and yourself.

Electrician business coaching gets results with the right intel, action and accountability.

Know what you need to know to plan with confidence.

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You wouldn’t guess about switchboard capacity or wing it on a commercial maintenance job, so don’t make guesses in your electrician services business.

Our business coaches identify the right intel for your electrical contracting business to make informed decisions.

And we’ll keep you accountable to get the results your business deserves.

  • Data Driven: Know the key drivers of your business and be in control
  • Best Practices: Learn from best in breed to level up your business

  • Big Picture: Realistic plans for growing your business and achieving real results

Take the guesswork out of your business.

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Business coach for leading electrical contractors and electricians

Review of Tenfold Business Coaching for Electricians

Review of Tenfold Business Coaching for Electricians

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“I’ve been in business for a long time now and having a dedicated business coach keeps me on track and motivated.

My Tenfold business coach is my go-to for strategies to keep me ahead of the competition in the electrical contracting sector.”

Brian Emberson, Director
Mobile Automation

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Meet the Tenfold team, awarded Australian Business Coaching Firm of the Year x6

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How does your electrician business stack up?

Electrical Contractor Health Check

You might think your electrical contracting business is going well. And maybe it is. If you’re tracking labour utilisation of your electricians and making 1% improvements on every job, then you’re already ahead of the majority of electrical contractors.

But how do you really know if your business is performing as well as it could?

Tenfold business coaches work with some of the best electrical contractors in the industry. They got to the front of the pack with planning, not luck. Learn what right business strategies the best in breed are doing to get ahead and stay ahead.

Find out how your electrical contracting business stacks up – the results may surprise you.

Advice for electricians on the pros and cons of working for commercial builders

Manage the risks to make good margins.

At some point all trade-based businesses consider doing a project for a commercial builder. Winning the tender for a project can book you up with work for months, giving you the confidence to expand your team and grow your business. While these projects can appear appealing, they can also be a trap for inexperienced electrical contractors.

Legal Rights
Be careful with the contract you sign with the builder. Often these commercial construction contracts are one sided, favouring the builder. The clauses they contain may eliminate all control you have over the project, rendering you a labour hire business but one that carries all the risk. As a business coaching firm, we have seen clients’ contracts that specify that the sub-contractor may be instructed to complete variations without approval. If the variations are later challenged by the client, that would mean the sub-contractor wears the cost. If the sub-contractor doesn’t complete the variations before approval, they could be found to be in breach of contract. Sound fair? Nah, it’s not. That’s why you need to be careful with commercial contracts.

Payment
Be careful of the time it takes to receive your payments on these contracts. With such large sums of money involved, a two week delay can cause catastrophic issues in your business, especially when you still need to pay any specialist contractors you have engaged. They often also include a retention amount of around 5% of the total project cost. When you work on thin margins, as many sub-contractors do with these contracts, the value of the retention could be your whole profit for the project.

Timeframes
The commercial builder typically controls the project timeframes. Some builders are good operators and have experienced Site Managers running the job on-site. But we some of the businesses we coach have reported of Site Managers being out of their depth. The subcontractors often don’t get accurate and reliable schedules. Often in these cases the builder can ring up at the last minute and demand you throw all of your labour on the project for a sustained period of time, even work weekends and overtime. If you can’t do it or won’t do it, they may have the right to engage another electrician sub-contractor at YOUR expense.

Commercial building projects can be profitable, but be very aware and manage your risks as best you can. Select good reputable builders to work with and keep track of your profitability at all times.

When you know better, you do better.

Business coaching for electricians keeps you up to date

Looking ahead to keep you in front.

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Changes in economic conditions affect every business. However, the scale of impact varies depending on how prepared you are. At Tenfold, we coach owners of electrician businesses to protect the downside and be ready to take advantage of the upside through advanced business plans.

Labour supply is critical for electrical contracting businesses, whether you’re specialising in commercial maintenance, construction or the domestic market. To keep our finger on the pulse, we actively monitor the demand for A-grades, service managers, electrical apprentices and switchboard technicians.

We’re the only business coaching firm that tracks labour markets, which means our clients get exclusive access to these insights. It’s why we’re the preferred coaching partner to businesses serving the electrical trade sector.

Back your business with growth experts.

Line graph charting labour demand for electricians in July - Sept 2024

Our electrician clients are proud members industry bodies:

Common questions electricians have about business coaching

Ask us anything and we’ll give you straight answers.

How can coaching help me grow my electrical contracting business?2024-11-07T17:39:26+11:00

Profit funds growth for electrical contracting businesses. Coaching uses chargeable rate calculators and job productivity management tactics to make sure that each job and each electrician is delivering good profit. Predictable profit leads to reliable cash flow which enables investment in growth strategies such as upskilling to enter niche market segments,  targeting high-value clients (like councils and private schools), or expanding service offerings (such as EV battery installations).

Coaching provides hands-on support for tender bids for commercial electrical maintenance contracts, recruiting A-grade electricians, career development for project managers, marketing and strategic account management for targeted customer acquisition.

What specific industry knowledge about electrical contracting does your business coach have?2024-11-07T17:38:29+11:00

With 20+ years coaching electrical contractors we know the ins and outs of the industry. Take solar, for example; we know that solar installers often have set kW rates. That means there’s a limit to how much you can charge in many cases, unlike say do and charge domestic sparkies you can have a minimum call out fee. So for solar installers good profit margins are driven by running install jobs very efficiently, minimising unbillable work and by being smart with margins on consumable materials.

The electrical contractors we coach work across many industry sectors, including commercial maintenance, construction, residential, office fitouts, civil lighting, industrial, and specialist sectors such as education, aged care and local government.

Because Tenfold is a firm, every business coach has their own experience working with electrical contractors plus access to knowledge, tools and strategies of our collective resources.

How will business coaching help improve my financial management and the profitability of my electrical contracting company?2024-11-07T17:46:10+11:00

Coaching uses financial models specific to your business to improve profitability and put you in control of your finances.

Managing cash flow can be complex for electrical contractor businesses due to payment cycles of project work, or the unpredictability of “do and charge” jobs. And because every business is different, the tools used for financial management should be adapted and customised to suit.

A Tenfold business coach looks at quoting and pricing, assesses onsite processes to identify where profit is leaking due to unbillable hours and material wastage, and  compares actuals vs estimates. By refining pricing, improving processes and implementing cost controls a Tenfold business coach can increase profitability for electrician businesses.

How does business coaching help me stop working IN my business as an electrician and work ON my business?2024-11-07T18:02:02+11:00

To stop working IN your electrical contracting business and invest more time working ON your business you need to have the right structure and systems in place. The key functions of your business need to be working consistently well, almost automated. Tenfold business coaching replaces guesswork with gears:

Marketing machine: smart marketing to generate good quality leads that convert well and flow regularly

Team: recruit, develop and lead team members who know what to do, and do it to your standard

Operations: having a systemised method for scheduling, job planning, materials stock management and resourcing

Finance and cash flow: getting the right processes for invoicing, payment collection, supplier management

 

I’ve had business coaching before – what makes Tenfold different?2024-12-09T09:31:52+11:00

3/4 of the electricians we work with have had coaching before. There are lots of decent coaching options for electricians in Australia like Profitable Tradie, Tradie Accelerator, Electrician Accelerator, ProTrade United. If you’ve worked with them, you’ll know they’re good at the basics like sales scripts, how to workout your margins, getting good systems in place. It’s important to get those basics right, but once you’ve mastered them then what? At Tenfold, we work with electrical business owners who already know how to run a good business and want to know how to run a great business. We only work with grown up businesses, no start ups. We only do one-on-one coaching, no group coaching. We only work with you if we have run the numbers and confirmed that we can get 3x return on investment within your first 6-10 months of coaching. So what makes us different? Find out for yourself – give us a call on 03 9813 8777 and see if we walk the walk.

Case Study: Reliable Plumbing Achieves Year-on-Year Growth With Coaching’s Innovative Tender Submission Strategy

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Chris Malcolmson Reliable Plumbing with Tenfold Business Coach sml

Chris Malcolmson, director of Reliable Plumbing, with his Tenfold Business Coach, Ash Thomson

Since starting with Tenfold Business Coaching in 2014, Reliable Plumbing have taken their business to the next level.

Winning tenders is crucial to the success of a commercial plumbing maintenance business. Tenfold business coach, Ashley Thomson, used his industry experience to develop an innovative approach to RFPs. This strategy for Reliable Plumbing’s tender responses consistently puts them ahead of other bidders.

They are proud to have earned the status of preferred supplier for commercial plumbing maintenance for large scale institutional clients such as University of Melbourne.

Tender Win Rate: 78%
Staff Retention: 98%
Recurring Revenue: 87%

Case Study: Quality Energy corrected their productivity and profitability with Tenfold Business Coaching

Industry: Power factor correction and commercial electrical contracting

Industries Serviced: National chain supermarkets, commercial distribution centres, production centres and manufacturing operations.

Snapshot: Resource planning was a challenge. The sales pipeline was inconsistent and the owners didn’t have a clear view beyond 3-4 weeks. Decisions were often reactive, and inefficiencies in productivity meant profit margins were tight.

Since Feb 2023 coaching with Tenfold has improved job bids and lead tracking, revenue forecasting and resource allocation. Decision-making is supported by data to give control over operational efficiency. The changes have improved revenue, gross profit, net profit, and productivity:

Photo of a business coaching session via video conference

Electrical contracting business Quality Energy directors Holly West and Luke Stratford with their Tenfold Business Coach, Darren Silsby.

graphic showing 5 business coaching strategies to improve an electrical contractor
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