When using heatshrink over a solder join/splice etc, have your soldering skill high enough that the solder is smooth before you apply the heatshrink. Excess, untidy solder blobs can wear through the heatshrink in situations where there is movement.
If you're apprehensive, consider getting some spare heatshrink, some cable, possibly a flux pen and practice, practice, practice.
Knowing what temp to set the iron is key. You want the solder to flow without burning the insulation, of course.
Avoid using insulation tape on bare mains. I used to repair 240v mains as thick as your finger, upside down in the mud trench after the excavator had dug them up. Solder is fine. I should point out that in the dark ages, the early days of house wiring in Australia, all earth connections in buildings had to be soldered. Later on they relaxed the solder requirement on earth bonding and allowed connectors except in distribution boards. (OZ/NZ only AFAIK)