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. 

David Hounshell is trained in electrical engineering and history and focuses on innovation at the intersection of science, technology and industry. He is currently writing two more books.

Electrical contractors convey electrical products on the last mile of the journey from manufacturer through distributor to installation. This applies to products for every type of electrical work.

Have you noticed the trend in the business press connecting employee happiness with loyalty and retention? For young workers, money is no longer the sole consideration. Now, they seek unquantifiable factors, such as enjoyment and fulfillment.

Channellock’s 440 12-inch straight-jaw, tongue- and-groove pliers

Most hand tools used by electricians have evolved to improve function, ergonomics and durability. Over time, a simple tool can adjust to special applications. Consider how many types of pliers are available today.


The National Association of Home Builders (NAHB) is foretelling a good year ahead for home remodeling. According to the organization’s 2017 projections, in the average zip code, remodelers will spend roughly $6,200 per home improvement project, up from $5,800 in NAHB’s 2016 projections.

More on Your Business

 
Successful Succession Planning, Part 3

In Part 1 of this series, we discussed your exit strategy and timetable, and Part 2 covered some options for choosing and preparing your successor. Now, let’s review some transfer strategies.


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Design/Build Infrastructure

That design/build projects account for a growing percentage of major construction projects is a fact recognized by owners and managers of contracting companies. The Design-Build Institute of America estimates 40 percent of today’s construction projects take advantage of the design/build format.


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Be the Ringmaster

Managing resources outsied the span of control


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The Future of Communications

Users converge voice and data systems and save money


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Making the Headlines

Multimode fiber testing gets international attention I almost feel obligated to apologize for writing about technical issues related to multimode fiber again.


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Increase Your Market Share

Sell the product: your company Every time you sell a project to an owner, that owner is investing in you and your company.


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Expect the Unexpected

Construction projects can present many unforeseen site conditions. Once site conditions that differ from those originally specified are encountered, a subcontractor could expect a substantial increase in costs.


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