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. 

Have you noticed the trend in the business press connecting employee happiness with loyalty and retention? For young workers, money is no longer the sole consideration. Now, they seek unquantifiable factors, such as enjoyment and fulfillment.

Channellock’s 440 12-inch straight-jaw, tongue- and-groove pliers

Most hand tools used by electricians have evolved to improve function, ergonomics and durability. Over time, a simple tool can adjust to special applications. Consider how many types of pliers are available today.


The National Association of Home Builders (NAHB) is foretelling a good year ahead for home remodeling. According to the organization’s 2017 projections, in the average zip code, remodelers will spend roughly $6,200 per home improvement project, up from $5,800 in NAHB’s 2016 projections.

As President of the National Electrical Contractors Association (NECA), I am proud that our members work hard to make their voices heard around the country.

More on Your Business

 
Finger on the Pulse: Managing Inventory From Mobile Phones

Second to electricians and project managers, the most important assets on any work site are equipment and tools. But until recently, tracking them—in the warehouse, in trucks and vans, and on the job site—was a paper-, pen- and phone-based operation.


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Why Manipulate The Economy?

My September column, “America’s Money,” explained the basic structure of the Federal Reserve, including the 12 Federal Reserve Banks, Board of Governors and Federal Open Market Committee (FOMC). All checks are cleared through this system.


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Mothballs: The Ins and Outs of Extended Holds

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.


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Tools, such as Milwaukee’s M18 FUEL hex impact driver kit, are available to rent.
Cool Tools: Renting Tools And Equipment

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.


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Ideas That Work: Trucks, Cable and Templates

Every month, we pick the top Ideas That Work submitted by you, ELECTRICAL CONTRACTOR readers.


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Rise in Construction Employment in the Last Year Though Growth is Slowing

Construction jobs are on the rise according to an analysis of Department of Labor (DOL) data released by the Associated General Contractors (AGC) of America on Oct., 21 2016. From September 2015 to September 2016, 35 states added construction jobs.


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St. Louis Training Center Opens Book on Drone Certification

As drones, also known as unmanned aerial vehicles (UAVs), continue to see increased use in commercial applications, more industries—including electrical construction—are looking to see what all the fuss is about. Now, it’s becoming easier to get in on the action.


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