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. 

To sustain your company and maintain a competitive edge takes commitment and planning. Adopting a triple bottom line (TBL) can be that road map to achieving business sustainability.

While solar power is becoming more competitive all the time, the need for government incentives is still strong. Recently, New York state offered developers an incentive to build large projects. Response to that solicitation was overwhelming.


Retirement is a fairly recent concept. Before the 20th century, most people worked until they were physically or mentally unable to do their jobs.

The focus of the electrical contracting industry has always been energy. That’s obvious. But, reflect on the history of the industry for a few moments, and it’s just as obvious that the role electrical contractors perform with regard to energy has changed dramatically.

More on Your Business

 
Top Distributors Endorse Industry Data Warehouse Pricing
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The National Association of Electrical Distributors (NAED) released an open letter to the electrical industry urging all electrical manufacturers to begin providing and maintaining accurate and timely pricing data through the Industry Data Warehouse (IDW).

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Delegate or Suffocate
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Like many a novice, overworked contractor, I once found myself spread out on the dining room table making a takeoff when my teenage daughter asked if she could help. My first inclination was absolutely negative, but then I figured she could count symbols too.

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Six Sigma and Contractors
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A lot of marketing babble surrounds General Electric's Six Sigma process. When the delivery team needs a glossary as a handout, you know it'll take a while to figure how Six Sigma might help you. In this case, the effort might be worth it.

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Functionality Is Key In Systems Integration
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Complete system integration is critical for a successful company to operate properly. Each business application must be able to work together simultaneously or valuable data will be lost.

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Trends in Buying and Leasing
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An electrical contracting company is worthless on a job site without the proper people and the right tools. Equipping skilled employees with the appropriate tools and equipment at the right time is the difference between profits and disaster.

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Design-Build Strategies
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Using design-build as a project delivery method allows the electrical contractor to provide early input into the construction process and gives the contractor more influence over what product types and brands go into a project.

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The Facts of Power Factor
by Staff |
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A load or circuit with significant loads that have rectified inputs will most likely have a true power factor (W/VA) that is less than displacement power factor (cosine of angle between voltage and current).

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