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. 

In 1935, Boeing Corp. would have never predicted it was about to make one of its greatest contributions not only to the aviation industry but to every other line of work as well.

According to a report by MarketsandMarkets research firm, the wireless-power-transmission market will reach $17.04 billion by 2020, growing at a combined annual growth rate (CAGR) of 60.49 percent from 2014 to 2020.


American workers are growing more confident about having enough money to fund a comfortable retirement, according to the latest Retirement Confidence Survey (RCS) sponsored by the Employee Benefit Research Institute (EBRI), the American Savings Education Council (ASEC), and Mathew Greenwald & As

Renewable power is all about innovation. One new breakthrough begets another, and the cycle persists as we continue to do more with less.
 The growth of solar power is no exception, as the technology of photovoltaics (PV) benefits from innovations in cell materials and other component parts.


More on Your Business

 
Partnering with Your Distributor
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Electrical contractors traditionally have a lot to say about how their distributors could make their lives easier. Problems range from not getting all the parts in one shipment to delivery delays to emergency service failures—all of which cost time and money.

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Branch Circuits: Required Lighting Outlets, Part VII
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210.70(A)(2) Lighting Outlets Required Lighting outlet and wall switch provisions for dwelling units, guest rooms (hotel, motel and similar occupancies) and certain areas in non-dwelling occupancies are covered in 210.70(A) through (C).

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Reasons to Rent
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When Ernie Audet Jr. wants a new piece of equipment quickly, he rents. Audet wastes time and money when he lacks equipment needed for a job. Rental equipment is a $25 billion industry and almost all contractors—large and small—depend on it. Audet’s firm, E. W.

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Can I Get a Witness?
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Construction companies often retain the services of consultants/experts to assist in preparing a claim or in presenting a dispute in court or arbitration. The range of services offered is extensive. Almost all bar journals and trade magazines carry advertisements for expert advice and testimony.

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Tool Management Solutions
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Keeping track of company-owned tools has never been an easy task, even for very small firms. And for large organizations, effectively managing tools is a huge undertaking. “I started with our company as a driver,” said Rob Cherry, president of Osborne Electric in Oklahoma City.

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Employment Deficit Could Hit In 2004
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Could the shortage of skilled workers in electrical construction, voice/data/video (VDV) and integrated building systems (IBS) hit sooner than you think? As reported in the June and August issues of ELECTRICAL CONTRACTOR, a shortage seems virtually certain for 2008-2010.

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Stopping the Profit Drain
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No one would put their profits on shelves each year to sit and lose value, but that is what many contractors do by ordering and keeping unnecessary inventory. Overordering of inventory costs electrical contractors thousands of dollars a year in lost profits.

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