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. 

Hundreds of jobs have been “mothballed” or put on an extended hold status. It occurs with home-renovation projects, power plants, marinas, dentists’ offices and automobile manufacturing plants, to name a few. Every case is unique, yet almost all instances eventually boil down to money issues.

Understanding and accepting 
change is important in any walk of life, but especially so in electrical construction. I’ve seen how innovations in technology have affected the men and women in my business, and it’s exciting to be a part of it.

Tools, such as Milwaukee’s M18 FUEL hex impact driver kit, are available to rent.

These days, almost anything can be rented, and the rental industry has done a good job making consumers and business owners aware of the benefits of renting versus owning.

In September, the Occupational Safety and Health Administration (OSHA) awarded $10.5 million in safety and health training grants to 77 nonprofit organizations, according to a press release from the U.S. Department of Labor (DOL).

More on Your Business

 
Exploring Uncharted Waters

The movement for green building is charging ahead so fast the law surrounding this type of construction has not been able to keep up and remains largely uncharted territory. It is difficult to predict which standard will rule and how the court will interpret that standard.


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Utility Warns Residents of Thieves

Recently, thieves posing as utility workers have robbed a number of unsuspecting homeowners, and Progress Energy, an electric utility for the Raleigh, N.C., area, encouraged its customers and other residents to beware of scams.


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Watt Are You Paying For?

The phrase "the good old days" describes a time (real or imagined) that a person thinks was better or simpler. The good old days were when the electric bill was proportional to how many times the black line on the thin metal disk inside the glass of the electric meter rotated.


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Pricing to Compete

Oil prices are affecting everything, from transportation costs to commodities, and you may be tempted to alter your pricing to increase your backlog as a cushion against future uncertainty. Maintaining your sales revenue is like a game of basketball: most games are won by just a few points.


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Across the Ages

The industry is changing, which means changes for supervisors. More specifically, the labor resource for the electrical industry is undergoing significant change. Shortages in labor have been persistent for many years, but the shortage is now becoming acute, especially in some areas.


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The ABCs of PoE

According to Daniel Feldman, Technical Chair of the Ethernet Alliance’s PoE subcommittee, the base definition of power over Ethernet (PoE) is, “a technology that allows for the powering of devices through Ethernet cables.” At this time, IEEE 802.3AF is the de facto standard.


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Intellectual Superpower

It's not news that our national electrical system is in a squeeze; existing transmission lines are reaching carrying capacity just as a new generation of electronics is driving electricity demand higher.


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