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. 

As society undergoes profound changes in its relationship with electrical power, so does the need to train the professionals who install the technology that delivers and harnesses it.


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

More on Your Business

 
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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Searching for Greener Pastures
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It’s certainly no secret that many areas of the country are seeing less viable work to bid, and yet more competition for the jobs that are going ahead.

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Fiber to the World
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When Prof. Samuel B. Morse tapped out that first coded message on the key of the new telegraph machine, no one could have predicted where it would take us.

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When Information Equals Power
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Information is power, within reason, so today’s business environment puts a premium on such. We’re told that computers reduce paperwork; more often they increase it. And one of the biggest workplace complaints is the inability to catch up on business reading.

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Keeping It "Just Right"
by Staff |
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I read an article in the Birmingham Business Journal recently where the control of company inventory was compared to Goldilocks’ evaluation of the three bears’ porridge. If you have too little, your customers will disappear. If you have too much, your profits will vanish.

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High-Rise Requirements
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Tall buildings require different systems than “standard” buildings. This is true for fire alarm systems as well as electrical systems. So what defines a “tall” building?

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Contract Law in a Retail Environment
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Construction contract law consists of a body of court decisions, regulations, statutes and of the contract itself, sometimes referred to as the law between the parties. This area of the law is complex and is constantly changing.

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