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 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.

In a time when competition and pricing pressure affect the electrical industry, it’s especially important to maintain and build your business by taking care of current customers.

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.

Klein Tools infographic of survey results.

Klein Tools, Lincolnshire, Ill., released the results of their annual State of the Industry survey on April 17.

More on Your Business

 
What if You Find a Mistake ...

We all make mistakes. After all, we are human, aren’t we? Flesh and blood, instinct and intellect—we can’t be just computer chips and software, calculators and ScaleMasters. Yes, estimators are only human, and we make mistakes. But don’t tell your boss; that is, unless you actually make a mistake.


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When Worlds Collide

I have a friend who is a mid-sized electrical contractor. His work is evenly split between commercial and residential, with contracts ranging in value up to a few hundred thousand dollars.


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ESOP's Advantages

Last month, we introduced the concept of the Employee Stock Ownership Plan (ESOP). This month, we’ll look at the potential advantages to your company of establishing an ESOP, including positive effects on employee morale, company finances and bonding relationships.


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ESOP's Fable Part 1

Is an Employee Stock Ownership Plan (ESOP) right for your electrical contracting company? What is an ESOP and how do you establish one? In this three part series, we’ll define what an ESOP is, the principal reasons for starting such a plan and the possible pitfalls of employee ownership.


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Opening up to Building Systems

As building environmental systems become more complex, there is a growing need for these systems to be integrated.


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Family Ties: First Female Licensed Electrician in New York

When Gina Addeo goes to work, she enters a man’s world. While more women are entering the electrical industry, few pioneers like Gina have blazed trails for them. For her, it is not a matter of breaking into a boys club—it is a family affair.


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House of Cardinals: Cannon & Wendt

It was a cold Fourth of July in Iowa nearly 60 years ago that prompted a young World War II vet to make a decision that has culminated in a highly successful electrical contracting business today—in a place where a cold July 4 rarely, if ever, occurs.


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