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. 

By most accounts, the housing market in the United States is on the mend. Prices and sales have rebounded from the “Great Recession” that started in 2008. Ordinarily, this would be considered an upward trend, one that sends all kinds of positive reverberations throughout the economy.

On Monday, nominations opened for the 2017 Klein Tools Electrician of the Year Award, an annual contest to find the best electricians in the United States. Electricians may nominate either themselves or another electrician they feel is deserving of the honor.

Every month, we pick the top Ideas That Work submitted by you, ELECTRICAL CONTRACTOR readers.

Most of the national headlines these days revolve around controversial, polarizing pieces of legislation. However, in the world of energy, a significant, bipartisan bill has just been introduced in the U.S. Senate that aims to bolster the country’s energy infrastructure.

More on Your Business

 
3-2-1, Blast Off

Last month, we explored the first three steps of FRICTO, a framework for analyzing asset-financing alternatives. As a reminder, FRICTO is difficult to apply to privately held electrical contracting firms in its entirety, since it relies on market-driven stock price for some calculations.


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President Bush Signs Landmark Housing Bill into Law

President Bush signed the Housing and Economic Recovery Act of 2008 into law, helping homebuyers and strapped borrowers and strengthening the housing finance system, according to the National Association of Home Builders (NAHB).


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Curing the Blues

Estimating got you down? Giving you the blues? Trust me, I know how you feel. But don’t get too depressed. There’s a cure just up ahead at the crossroads. Perhaps you can make a deal with someone who is waiting there. Though I don’t recommend selling your soul for estimating.


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Coming to a Web Site Near You

Having just come back from two weeks of working with different standards-making organizations, the NFPA and the Institute of Electrical and Electronics Engineers (IEEE), it seemed appropriate to share the good news with those who aren’t able to participate.


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Promises to Keep

As electrical contractors face an uncertain marketplace,it is tempting to cut marketing and advertising expenses.


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What You Don't See

In our April column, we discussed the cost of accidents. We demonstrated the amount of work the electrical contractor must perform in order to recover the cost of an accident. Therefore, safety becomes an economic, legal, contractual and business issue.


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Proposed Power Plant Would Aid Southeast Texas Area

According to a report conducted by The Perryman Group, an economic and financial analysis firm based in Waco, Texas, the construction and operation of Exelon’s proposed nuclear power facility in Southeast Texas would not just increase energy reliability.


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