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. 

Every conflict has to have an antagonist, and in the ongoing war against global warming, nothing takes the heat like coal.


Most business owners have probably looked at their personal credit reports through at least one of the three major reporting organizations—Equifax,
TransUnion and Experian—and occasionally glimpsed something called a FICO score.

Are roads, parking lots and driveways covered with solar panels that feed power back into the grid actually feasible, or does it sound like a green-dream?

Husky nine-drawer mobile workbench from Home Depot

Moving supplies, materials and tools to and around job sites can be a time-consuming task that often significantly reduces an electrician’s productivity.


More on Your Business

 
Dirty Little Secrets
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Some of this column’s readers have sent comments and questions, and one of those prompts this month’s column regarding the earthwork on a project.

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Managing Lease Agreements
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Electrical contractors can obtain needed equipment by purchasing it, leasing it or renting it. Electrical contractors use each of these three equipment acquisition methods every day and each method has its advantages and disadvantages.

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Time Is Money
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Customers are placing a higher priority on time than money, and it seems that nearly all projects are now “fast track.” Managing money is easier than managing time, and every electrical contracting company struggles with waste, inaccurate records, or even time theft.

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E-Biz for Smaller Contractors
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Paperless communication reduces errors Translation is a huge problem for e-business. Can your accounting system “talk” to your distributor’s business system, and vice versa? After all, your system has information the distributor needs; and you could use data in the distributor’s computer.

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Security System Upkeep
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Security system upkeep is important to ensure the integrity of the system in the event of an actual breach or break in. It’s then that the significance of a reliable intrusion detection system comes to light.

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First Things First
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In the latest edition of “Electrical Power Systems Quality” by Dugan, McGranaghan, Santoso and Beaty, the authors point out that “it is commonly stated at power quality conferences and in journals that 80 percent of all power quality problems reported by customers are related to wiring and grounding

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Leasing Vs. Buying
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It’s almost certain your company will add equipment and tools to its inventory this year. What’s less certain is whether you will buy outright or lease. Neither choice is all good or all bad, but the result will make a difference on your balance sheet and tax statements.

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