From talking to electrical contractors lately, I know it’s still tough to get profitable work in the current economy. However, I also find most of the contractors who have prepared well for such a poor economic situation are maintaining a substantial workload.
Leading construction experts and economists are certain about one thing in construction right now: The future is mostly uncertain because consumers are scared, and too many Americans are unemployed. Economists see 2012 as a big question mark because of the risk of a double-dip recession.
The solar-power industry faces many challenges, and not all of them are of the financial variety. For many of your customers, entering this unfamiliar territory can seem daunting and risky, which may be a burden on them.
To borrow a horse-racing metaphor, electric vehicles (EVs) have barely left the starting gate in their efforts to transform our transportation system, but forecasters predict a growing market for the charging equipment needed to keep them on the road.
In some ways, there is no difference between small and large contractors. Each one earns its own reputation based on its quality of work and customer service. That reputation, in turn, determines today’s success and tomorrow’s viability. And yet there are major differences.
For electrical service technicians and their firms, it may be time to retire the term “subcontractor.” The label seems ill-suited as electrical contractors (ECs) expand their services to become one-stop shops for owners and general contractors.
Goldilocks knew how to get it right. She knew too big when she saw it, and she could tell when too small just was not enough. Most importantly, she understood the concept that something could be just right.
Every contractor wants to form a no-bid relationship with each client and never have to bid for work again. But, of course, even if that were to happen, most contractors would simply build on that success and grow their businesses further, which would mean bidding for new work with new clients.
Here is some good green news for electrical contractors: You can take environmentally friendly steps that will both save your clients money and conserve resources without hurting your bottom line. In many cases, the strategies will help your profitability.