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. 

According to a 2016 survey conducted by the National Electrical Manufacturers Association (NEMA), facility managers in New York City who benchmark the energy use of their buildings are also more likely to invest in energy-saving technologies.

According to research from the Cockrell School of Engineering at the University of Texas, Austin, homes with solar panels do not require on-site storage to reap the economic and environmental benefits of solar energy.

A digital marketplace is changing the way electricity is produced, traded and consumed in Australia. Two pilot programs, each including about 5,000 households, will allow homeowners with solar panels and batteries to trade electricity in a digital marketplace—the first such network in the world.

In January, the United States Department of Energy (DOE) announced that several of its Energy Efficiency and Renewable Energy (EERE) supported technologies won awards in R&D Magazine’s R&D 100 Awards, which the DOE called the “Oscars of Innovation.” A number of these technologies concern ele

More on Your Business

 
The Ups and Downs

A power play with hotel elevators In hospitality and gaming facilities, elevators are a vital system—a system that relies on power quality. Generally, the height of these facilities makes the use of stairs an alternative for only a few patrons.


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Do You Have the Time?

Protect your ability to enforce payment After several years of an overheated construction market, signs of slowing are starting to appear. Interest rates have jumped. Housing starts are down. Major homebuilders report cooling of revenues or dropping earnings.


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Works Well with Others

Enhancing cooperation between disciplines with software ELECTRICAL CONTRACTORS KNOW the high costs of labor across the entire organization. Most think about outside field force staff, technicians, installers and the like when they start evaluating ways to reduce labor costs.


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Staying Current with Training

KNOWLEDGABLE CONTRACTORS HAVE AN ADVANTAGE: training has given them the leg up for decades. But as technology changes and the needs of end-users evolve with it, ensuring your electricians can provide the best quality work is more difficult. Skilled training requires more effort than it used to.


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Sharing with Other Kids

Financial awareness for employees IF YOU THINK THAT IT IS ENOUGH for you and your managers to understand your cost structure and financial statements, then you may want to consider sharing this information with your entire staff.


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Things That Go Boom in the Night

A true story of the not-so-well grounded The first part of power qualityis monitoring what is happening and determining why; the second part is finding a solution that eliminates the problem and doesn’t create a new one. Sometimes, the first part can be done even without a power quality monitor.


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Small Businesses Seek More Resources

Although banks are traditionally the place where small businesses go in search of financing or help in maintaining cash flow, according to an article in Associated Content, some small businesses are seeking out alternative sources of funding and advice.  One such alternative source is an account rec


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