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. 

The effects of the Great Recession have been far-reaching, and it left many construction companies scrambling to pick up the pieces. Now, after years of turmoil, a new report from FMI, a management consulting firm, suggests that construction is back on the right foot.


Emily Martin took us by surprise. From the very beginning of our interview with her, she didn’t hesitate to divulge things that most other electrical contractors (ECs) would be reluctant to share.

As the underdogs in the energy world, wind and solar power are constantly trying to make their case against coal and other entrenched forms of power.

Electrical contractors generally use net profit levels as the primary measurement of their success, but cash is the lifeblood of daily operations. Even profitable companies can fail without a healthy cash flow.

More on Your Business

 
Scapegoat or Hero?
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Scapegoating is a hostile social behavior by which people move blame and responsibility away from themselves and toward a target person or group. The target feels wrongly persecuted and receives misplaced vilification, blame and criticism.

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Sell and Market Your Company Actively
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Electrical contractors, historically speaking, are not avid fans of sales, marketing and promotion. However, the key word in that sweeping statement is “historically.” Things have changed and so should contractors and their views regarding such business management tools and techniques.

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Salt of the Earth
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Just outside of Rochester, N.Y., one of the oldest road salt mines in the world was flooded in the mid 1990s, and the owner eventually decided to close down the operation.

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Supplemental or Supplementary?
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Supplemental and supplementary grounding electrodes are very similar in name but vastly different in their permitted uses. Understanding the differences in these two electrodes can be critical in providing a safe, Code-compliant installation.

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CAD: Cutting Out the Clicks
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Growing numbers of electrical contractors are trying out new technology to increase their efficiency—some products with more success than others. But the CAD (computer-aided design) system has become a staple that contractors cannot ignore.

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One-Stop Shopping
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Design/build has been with us for thousands of years––probably since the 15th-century Incas built their great empires in Peru. As meticulous workers who knew how to build structures that would last an eternity, they worked as a unified team to deliver impenetrable fortresses.

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Hospitality Vegas-style
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Situated on the south side of the Las Vegas Strip, Mandalay Bay Resort boasts a variety of facilities and amenities, including a casino, 3,400-room hotel tower, spa, golf course, theater, 12,000-seat arena and an aquarium. It’s a healthy mix of hospitality and gaming all its own.

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