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. 

Second to electricians and project managers, the most important assets on any work site are equipment and tools. But until recently, tracking them—in the warehouse, in trucks and vans, and on the job site—was a paper-, pen- and phone-based operation.

My September column, “America’s Money,” explained the basic structure of the Federal Reserve, including the 12 Federal Reserve Banks, Board of Governors and Federal Open Market Committee (FOMC). All checks are cleared through this system.

Hundreds of jobs have been “mothballed” or put on an extended hold status. It occurs with home-renovation projects, power plants, marinas, dentists’ offices and automobile manufacturing plants, to name a few. Every case is unique, yet almost all instances eventually boil down to money issues.

Understanding and accepting 
change is important in any walk of life, but especially so in electrical construction. I’ve seen how innovations in technology have affected the men and women in my business, and it’s exciting to be a part of it.

More on Your Business

 
Welcome to the new ECmag.com!

Over the past year, we’ve thought quite a bit about the content that should be included on a redesigned site, what we need to grow and how to make it more reader-friendly and visually pleasing.


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Freedom Rings in Boston

Exploring the host city of the 2006 NECA Show FENWAY PARK, BEACON HILL, THE NORTH END—few cities are as diverse as Boston, host of the 2006 National Electrical Contractors Association (NECA) Show.


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Chain of Succession

Family fairness—who should get what?  


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Command Your Armada

Use a fleet management program to maximize your valuable assets TRACKING, MANAGING AND COMMUNICATING with employees is not only a challenge but a critical factor in running a successful business.


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Roller Coaster Year Brings Hope and Frustration

ONE YEAR AFTER HURRICANE KATRINA STRUCK, the landscape of New Orleans and the Mississippi Gulf Coast may be permanently altered. The damage caused by severe flooding and catastrophic winds has made the rebuilding process very difficult.


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LEDs Bring Dazzle to Bridges

Across the United States—Cities See Their Span in Lights LIGHT EMITTING DIODE (LED) ILLUMINATION offers a host of advantages to port authorities, cities and counties with large bridges.


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15 Opportunities for Industrial Maintenance

INDUSTRIAL MAINTENANCE covers the repair, installation, adjustment and maintenance of industrial production and processing equipment. To find opportunities for industrial maintenance work, contractors can look right at their own business and customer base.


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