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. 

David Hounshell is trained in electrical engineering and history and focuses on innovation at the intersection of science, technology and industry. He is currently writing two more books.

Electrical contractors convey electrical products on the last mile of the journey from manufacturer through distributor to installation. This applies to products for every type of electrical work.

According to the June Electroindustry Business Confidence Index (EBCI) current electroindustry conditions, a monthly report by the National Electrical Manufacturers Association (NEMA), saw the current conditions index hit its lowest point since November 2016.

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.


More on Your Business

 
Obama Administration Invests in Smart Grid Worker Training

The Obama Administration has pinned much of its economic recovery efforts on an infusion of dollars into a massive campaign to upgrade and overhaul the nation’s energy generation and delivery systems.


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Wireless Power Technology Showcased at Chicago Museum

Nicola Tesla proposed the theory of wireless power transmission in the late 1800s and, in the early 1900s, he wirelessly powered lighting fixtures at his lab.


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Where's the Beef?

About a year ago, we covered some of the initiatives of the smart grid that came out of the Energy Independence and Securities Act of 2007 (EISA), which was funded last year with more than $3.4 billion of stimulus money from the America Reinvestment and Recovery Act of 2009 (ARRA).


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Analog Analogies

Some of the concepts in electrical engineering are more easily visualized by using physical phenomena. Power quality phenomena is not different, since it is just a specialized application of the same principles, particularly Ohm’s and Kirchoff’s Laws.


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Friendly Transmission

“Tres Amigas” means “three friends” in Spanish, and developers of a major transmission hub bearing that amicable moniker hope their efforts to join North America’s three largest transmission interconnections proceed in an equally friendly fashion.


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Report: Obama Administration Authorized to Step in to Help Transform Building Stock

The Obama Administration is authorized to play a more active and supportive role in encouraging and progressing the energy efficiency and sustainability of America’s multifamily and commercial building stock, according to a report released by the U.S. Green Building Council (USGBC).


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Ask Your Accountant

Last month, we explored some potential tax law changes that might affect your business. Let’s review a few more as well as some revenue-raising proposals.


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