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. 

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.


The National Association of Home Builders (NAHB) is foretelling a good year ahead for home remodeling. According to the organization’s 2017 projections, in the average zip code, remodelers will spend roughly $6,200 per home improvement project, up from $5,800 in NAHB’s 2016 projections.

As President of the National Electrical Contractors Association (NECA), I am proud that our members work hard to make their voices heard around the country.

More on Your Business

 
Service With a Smile

Customer relations play a key part in the business of electrical construction. A wise electrical contractor once said the main purpose of a business is to make a profit, and the main function of a business is to create and maintain satisfied customers.


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When to Bid the Job

The competitive bid market always has been a brutal arena, even during the best of times. Winning a contract takes more than having a tight estimate or the best lighting fixture quote. Even having the lowest price won’t ensure you get listed by the general contractors.


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Energizer Bunnies

Recently, I was on a panel at a conference on power quality and reliability-related issues. Somewhat amazing was the amount of discussion on that buzzword that keeps going and going: smart grid.


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The 'flations

Last month, we defined money and its relative value in the marketplace. This month, we’ll analyze who benefits when the value of money changes. Keep in mind that the laws of physics also apply to the value of money: what goes up must come down. Inflation


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Smart Grid Pilot Raises Power IQ for Users in Massachusetts

Not least among the many factors feeding the recent buzz about a new national energy order is the dawning of a technology that allows communication between appliances and the systems that deliver power to them.


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The Communications Link

Communication on a construction site is critical, time-consuming and pervasive. It is critical because research has indicated two-thirds of all errors at the job site either directly or indirectly are due to communication-caused problems and difficulties.


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More? Or Less?

The word "government" often invokes “regulation” (at least until it was replaced with “bailout”). However, governmental regulation of power quality is basically nil in North America, especially in the United States.


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