As the total integration of low-voltage systems grows more feasible and technology evolves, contractors must take a two-pronged approach to training and certification to install and integrate disparate systems such as fire alarms, security and wireless data networks.
Large corporations and general contractors have evaluated the safety programs and performance of subcontractors—including electrical contractors—for years. Now, the number of companies evaluating contractors seems to be growing.
By the time you read this, the 2012 elections will be over, and you will either be optimistic about the future or wary of planning for 2013. Too often, business owners allow external factors to influence their strategic decisions; they lack confidence in their ability to create their own destiny.
With lighting and communications technology evolving rapidly, lighting manufacturers are under pressure to determine how to best reach out to and train busy electrical contractors (ECs) on new and existing products.
For a design/build energy services project where the electrical contractor (EC) is the design/builder, project execution follows Step No. 7 of the project delivery process, which involves system design and specification.
Did you ever wonder why some companies succeed and expand even in a down economy while others struggle to keep their doors open? It is a question worth considering because, once you analyze their reasons for success, you may find ideas you can use to increase your own business.
Financial decisions are based on facts and formulas, so it is common to think of them as rational and logical. The reality is that decisions, even financial ones, are based on emotions. Attitudes and beliefs developed throughout your life affect your financial decisions.
With the economy still reeling from the effects of recession, unemployment, and wavering business and consumer confidence, electrical contractors (ECs) are re-evaluating their businesses and taking on new and different roles and business models in an effort to remain competitive.
When the recession deepened, many contracting businesses depleted liquidity. As markets recover, now is an appropriate time to review investment strategies for rebuilding lost wealth. This month, we take a look at a common investment vehicle and one system for selecting products.
Gen. Colin Powell said, “Perpetual optimism is a force multiplier.” Would this philosophy improve financial decision-making in an electrical contracting business? It worked in my family’s contracting business, though I didn’t realize it at the time.
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.
In the beginning, there was the bulletin board system, an online meeting place (accessed over telephone lines using a modem) that enabled users to communicate with a central system where they could download files or games and post messages.
Dealing with developers and building owners, to quote one electrical contractor, has never been a day at the beach. And if they were demanding to begin with, their requirements can be exasperating and exacting in the current economic environment.
An estimator recently asked how to tighten up his estimates without getting too far out of his comfort zone. His zone was 20-plus years experience and knowledge that told him exactly what jobs require; this was not helping him compete in our insanely aggressive and below-cost bidding environment.
Hope is not only a noun—something you have (or not). It’s also a verb—something you do (or don’t). I contend that if you don’t do it, you won’t have it. John C. Maxwell, a leadership expert whom I admire, puts it this way: “Where there is no hope in the future, there is no power in the present.”