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. 

Evaluating the cost-
effectiveness of renewable power has always been a fairly simple calculation. As manufacturers lowered their production costs and improved the generating efficiency of their technology, renewables became more cost competitive with conventional sources of power.


We appreciate all of the positive response to the new format for our column in which we interview industry leaders about key issues that may alter the future of electrical construction.

Mobile lighting systems powered by hydrogen fuel cells are cleaner and quieter and now have a proven track-record in applications like nighttime construction, sports and entertainment events, and airport operations, making them ready for commercialization and broader use.


Retirement planning is complicated, with many risks and legal pitfalls. It is worth investing time and money with a financial adviser who specializes in retirement. A little preparation will help you get ready for your first meeting and result in a plan that fits your expectations and goals.


More on Your Business

 
Speelman Delivers on FedEx Project
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Federal Express has built its success on understanding that its customers require that their packages be delivered on time and to the right location.

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Energy Management Makes Dollars and Sense
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A large part of the nation has been spooked recently by regional energy crises. If necessity is the mother of invention, then perhaps recent price spikes, power outages and fears of terrorism are causing some people to assume more responsibility for their energy needs.

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Downtime Leads to Lost Revenue
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One of the most power-quality aware industries is the financial market, as it is one of the most dependent on the uninterruptible operation of computer and communications technology equipment for their business to generate “positive money.” It is not surprising that many of the members of the 7x24

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'Mistakes' and the Law
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We all make mistakes. Often, there are no ramifications and the error in judgment can be resolved with an excuse or apology. In contract law, mistakes have a deeper meaning, and the results can be harsh. The law characterizes mistakes and places them into categories.

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The Family Business in Transition
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How does a family business exist? In this world of business conglomerates with clearly defined structures, and multicultural specialty workforces, how can family business survive? In the United States there are 22.4 million businesses and 90 percent are family owned and/or managed.

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Why Not Wireless?
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It’s nonsense that electrical contractors, traditionally a cable-and-wire bound profession, can do without wireless.

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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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