Your Business

 

 

Articles in this section are intended to help electrical contractors grow and improve their businesses, from financial and legal advice to creating a service and maintenance department. You’ll find articles on estimating projects and more below. 

AEMC 5233 Trms digital multimeter with function for nonelectric contact testing

In recent years, there has been a trend to increase functionality of many tools and testers that electricians use. The idea is that, if one tool can do multiple tasks, electricians will need fewer tools, which can mean a lighter tool belt or box.

San Diego Gas & Electric’s (SDG&E) microgrid supplied electricity to 2,800 customers in Borrego Springs in San Diego County, Calif., on May 21, 2015, during planned grid maintenance. This marked the first time a U.S.

Chris Nichols, Vice President of Special Projects, Sequoyah Electric

“Sequoyah” may look like an alternate spelling for the species of majestic trees that grace the landscape of the western United States.

Collaborative building processes and technologies are gaining more attention from building owners, contractors and subcontractors. In May, global advisory firm KPMG released its “2015 Global Construction Survey,” which surveyed owners and decision-makers of large construction firms. 


More on Your Business

 
Apple, Google Announce Major Purchases Of Renewable Power

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Nothing says you have arrived more than an endorsement by a Fortune 500 corporation. In the race to capture the hearts and minds of American consumers, renewable power has arguably reached critical mass. 


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Let's Get Technical
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Before I get started, I want to let you know that the following is based on my experience with three software packages. While the basic concepts are the same for most software in this category, the specifics of how they work may be different.
 Constraints


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Key Ratios
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In the first two columns of this series, I defined working capital, reviewed its underlying components and analyzed some of the factors affecting the rate at which it cycles through your business.

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Fact-Checking Previous Predictions
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Thomas Edison got it wrong. He predicted that everyone who pinned their hopes on the future of alternating current was just wasting their time.

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California Utility Customers Getting All-Solar Option

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California has long been a champion of solar power, and solar installations in the state have been growing at a rapid pace. Many consumers would like to use solar power but are still unable to do so. Now, one California utility is giving these customers the option to embrace solar.


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The Working Capital Cycle
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Last month, we defined working capital (WC) as a measure of liquidity, efficiency and general financial health, easily calculated by subtracting current assets from current liabilities on your most recent balance sheet.

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Renewable Energy Tax Credits Could Become Permanent

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Despite their growing popularity and use, renewable power still faces the challenge of not being cost-competitive with fossil fuels. To compensate for this disadvantage, they have benefitted for many years from tax credits and other financial incentives.


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