Running a business would be so much easier if you could stare into a crystal ball or scan the stars at night and see all the answers for success laid out for you.

But unless you’ve got hidden psychic talents even JK Rowling couldn’t imagine, the closest you’ll get to looking into the future is the 2021: Vision report from ECA and NICEIC.

First published back in 2011, we were recently treated to a 2016/17 review of the key trends and issues likely to affect the electrical contracting industry in the years to come.

Here’s a quick roundup of the important points you need to keep an eye on.

Where to focus

Sustainability in all construction work, electrical contracting included, is a big focus for the UK government.

If you want to create a long-lasting business, then sustainability needs to be a priority for you too. That means ensuring your work is eco-friendly and built-to-last.

At every step of the way, source all your materials – from catenary wire togalvanised steel ropes – from quality suppliers committed to producing superior products.

Be aware of the latest guidelines regarding toxic chemicals or materials to avoid, so that you don’t cause any accidental environmental damage.

A growing business area

But sustainability isn’t solely a focus for the industry and government. Individuals are more aware than ever before of the environmental and economic benefits of owning an energy efficient home.

In fact, the 2021:Vision report highlights green renovations as a budding business area for electrical contractors.

Home automation programmes and SMART meters designed to simplify heating and electricity systems are set to increase in popularity.

To keep up with customer demand, you’ll need to stay on top of the latest tech by undergoing regular training to finetune your skills.

Potential trip-ups and hazards

Let’s be honest, in light of the current economic climate, cost-cutting is on every business-owners mind at the moment.

From supplies to labour, you’re no doubt already looking at where you can save money. But going forward, you’ll need to make sure you strike a good balance between being cost-effective and producing high-quality work.

In a competitive industry, set only to get tougher as market growth slows, only a reputation for first-rate standards will win over customers. Don’t sacrifice that for slightly cheaper outgoings.

Staying at the top of your game

Maintaining high standards is also a good way of preventing your company from accidentally falling foul of legislation.

Environmental and safety regulations will change continuously and the 2012:Vision report predicts they’ll also increase. A fine for failing to meet them could bring your finances to a standstill.

For extra advice on licenses, training and regulation, joining a trade association such as the ECA or NICEIC is a good shout.

Keeping up-to-date with these trends and issues is the closest you’ll get to future-proofing your electrical contracting business.