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 the landscape of electricity generation in the United States evolves, natural gas continues to account for an increasing share of the mix.

If you have kept up with the 2017 Nobel prizes, you know three Americans won the prize in physiology or medicine for their discoveries of molecular mechanisms controlling the circadian rhythm.

Here’s an undeniable truth I’ve learned over the years: When one chapter ends, another is right around the corner. That’s especially true now for me and the National Electrical Contractors Association.

This month, I expand on “Do You Trust the Drawings?” by talking more about establishing the scope of work included in your estimates. Let’s start with verbal instructions.

More on Your Business

Sensitivity Training

Last month, I covered common power quality phenomena with regards to the National Electrical Code (NEC). Two articles address specific topics related to power quality: Article 647, Sensitive Electronic Equipment, and Article 708, Critical Operations Power Systems (COPS).

Remodeling Dips but Shows Signs of Stabilization

The remodeling market slid backward during the second quarter of 2010, according to the latest National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI). The RMI (combining current and future market indicators) sank to 40.7 from 43.8 in the first quarter.

A Positive Testament to Indestructible Resiliency

If it wasn’t clear before, the 2010 Profile of the Electrical Contractor, featured in the past two issues of this magazine, settles the question unequivocally: The economy has had a serious impact on electrical contractors (ECs).

Reversing Your TIFORP

What is “TIFORP,” and how does it affect your financial planning? The acronym TIFORP contains six components that are seldom prioritized to serve the best interests of business owners. T is for taxes Business owners want to minimize taxes to keep more of the money they earn.

New-Home Sales Bounce Back From Record Low in June

Coming off a historic low in May, sales of newly built, single-family homes rose 23.6 percent to a seasonally adjusted annual rate of 330,000 units in June, according to the U.S. Department of Commerce.

Borrowing a Code

Even after 30 years-plus of power-quality monitoring, no national design code standard exists for minimizing the impact of power quality phenomena; there isn’t an equivalent of the National Electrical Code (NEC) anywhere.

The Little Things Aren't So Little

Last month’s column used the BP oil spill as an example of the risk associated with a “good enough” standard.