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In this video, Joel Walzman, CEO and master electrician of Jefferson Electric, discusses the fundamentals of estimating in electrical work. He emphasizes the importance of a thorough pre-call, where it's crucial to ask the right questions to understand the customer's needs and determine if the project is feasible. Joel stresses being mentally prepared by reviewing codes, best practices, and historical project data. He advocates the principle that "slow is smooth and smooth is fast," indicating that taking the time to prepare properly will lead to efficient and successful project management. The video serves as a foundation for those looking to improve their estimating skills.