Denise Norberg-Johnson

Financial Columnist

Denise Norberg-Johnson is a former subcontractor and past president of two national construction associations. She may be reached at

Articles by Denise Norberg-Johnson

August 2008
Regardless of the economy's health or electrical contractors’ profit margins, lost assets must be replaced. There are several ways to obtain asset financing, such as incurring more debt in the form of loans or issuing shares of stock to raise capital from investors. Various frameworks are used to analyze the preferred method of raising capital for a particular situation. READ MORE
July 2008
Time is money, and the uncertain economy demands that you reduce overhead and improve efficiency. Here are some strategies to streamline routines and improve the flow of information by removing wasted time from your systems and routines. Routine tasks READ MORE
June 2008
Ratios are useful as both snapshots and video clips. For example, the cash on your balance sheet is a snapshot of your bank balances at one point in time. By the time you generate your financial statements, the cash balance has shifted. So, you must generate a video clip (a trend analysis) to show progress over time. READ MORE
May 2008
Managing a profitable electrical contracting business demands a high level of efficiency and productivity. You push your office staff members and field employees to use their time wisely, but how well are you using financial information to gauge the results? Here are some ratios you can use to measure your company’s efficiency. READ MORE
April 2008
In the first two parts of this series, we looked at external communication and meetings. In this final article, we’ll focus on reducing the cost of internal communication. Using personal conversations, telephone calls, e-mails, memos and newsletters efficiently can enhance productivity, reduce cost and improve your bottom line. READ MORE
March 2008
Last month, I offered some tips on reducing the cost of remote communication, such as letters, e-mails and telephone calls. Meetings are another source of inflated communication costs. Make a list of all meetings you held last year. If you can’t track this, adjust your reporting and tracking systems. READ MORE
December 2007
Last month, we introduced the NECA Financial Performance Report (FPR) and began reviewing the data within it. Let’s continue with some additional measures of profitability. READ MORE
November 2007
If you haven't taken your company’s financial pulse recently, it’s time to review your system for analyzing financial information. The 2006 Financial Performance Report (FPR), compiled by the National Electrical Contractors Association (NECA) from financial data reported by electrical contractors for the 2005 fiscal year, provides a wealth of information to get you started. READ MORE
October 2007
You may know accountants follow generally accepted accounting principles (GAAP), but you may not know how the GAAP evolved. The Financial Accounting Standards Board (FASB) periodically reviews the principles that govern the objectives of financial reporting, recognition and measurement and the elements of financial statements. Here is a quick summary. READ MORE