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. 

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.

Understanding and accepting 
change is important in any walk of life, but especially so in electrical construction. I’ve seen how innovations in technology have affected the men and women in my business, and it’s exciting to be a part of it.

Tools, such as Milwaukee’s M18 FUEL hex impact driver kit, are available to rent.

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.

In September, the Occupational Safety and Health Administration (OSHA) awarded $10.5 million in safety and health training grants to 77 nonprofit organizations, according to a press release from the U.S. Department of Labor (DOL).

More on Your Business

 
NTC Announces Free Training Webinar Wednesdays

National Training Center (NTC) has announced Webinar Wednesday, a free monthly training session, covering topics that are important to the low voltage industry. The class is open to everyone.


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BIM on ElectricTV.net

If you haven't heard, ElectricTV is a Web site that features video newscasts regarding the electrical industry. It is a joint production of NECA and IBEW, and it is currently in its sixth edition.


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Feeling Disconnected?

Regardless of size and type, disconnect switches are typically shown as the same, nondescript symbol. If you don’t find out and know everything you can about the disconnect switches you are estimating, you could be losing your company thousands of dollars and even a bid here and there.


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Out of Sight

At a recent training session in Washington, DC, we plugged a power quality monitor into a baseboard outlet to get data to illustrate the different parameters and characteristics of voltage and current waveforms.


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Does Your Labor Know How to Be Productive?

As an electrical contractor or a project manager, the million-dollar question is “How do I get the guys to be more productive?” How often do you ask yourself this question, and how often are you surprised that the labor does not think of solving job productivity issues in what seems to you the most


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Candle in the Wind

A recent trip to a Latin American country helped remind me of so much that we often take for granted in the United States.


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Checking Your Financial Pulse, Part 2

Last month, we introduced the NECA Financial Performance Report (FPR) and began reviewing the data within it. Let’s continue with some additional measures of profitability.


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