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. 

Once again, I was inspired to write after reading a post in a LinkedIn construction group. The article, “If I Own a Drill, Does That Make Me a Dentist?” laments the belief that simply buying a tool makes one a skilled craftsperson.

From left: Greg Cummins, Ed Schuler and Kevin Rickett

Smarter materials management is especially beneficial in electrical service work. Service electricians are constantly confronted with the challenge of obtaining materials while striving to minimize the amount of lost time, back-and-forth travel and rush charges that inevitably follow.


Klein voltage tester with flashlight

One of the most basic tools every electrician carries is the noncontact voltage tester. Essential complementary tools include circuit breaker finders and tone probes for tracing wires. Scanning devices are able to see through walls and floors to identify wires, conduits and other objects.





A recent World Wildlife Fund survey found that almost half of Fortune 500 companies have at least one climate or clean-energy goal. It’s good business to be eco-friendly, and the construction industry has made great strides in going green without sacrificing profits.

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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Embattled Transmission Project Survives Legal challenges in Rural Tennessee

A federal judge in Nashville has declined to hold up a transmission project by the Tennessee Valley Authority (TVA). His ruling ended a long-running battle between the utility and local residents, allowing the so-called Algood Transmission Line to be completed.


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A Rose by Any Other Name

It's amazing that searching the Shakespearean quote “A rose by any other name...” on the Internet can elicit such a wide range of subjects relating to it, from “white Merlot” to “hazards of cell phones on humans” to “juvenile justice Swedish style.” So adding one more relating to power quality to t


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