The codes that affect your day-to-day business change every three years. The frequency of changes makes it difficult to stay abreast of the countless revisions that occur each code cycle. Coupled with rapid changes in technology, staying current becomes challenging.
Two technology entrepreneurs in 1940s Palo Alto, Calif., pioneered a wide-open approach to running their rapidly rising business that became a de facto trademark of its operating style and a darling concept among management gurus.
There was a time when general contractors (GCs) had more projects than teams to work them. Homeowners were buying. Proposals were as simple as working off past bids, cutting and pasting some new numbers, and adding different client names and job specifics. A nostalgic grin crosses your face.
New strategies are coming to help homeowners pay less for electricity, and electrical contractors can help them prepare. If you have installed a network infrastructure for your customers, they will be ready to take advantage of these strategies as they develop.
At trade shows and distributors, you undoubtedly hear about the latest and greatest product offerings from a large contingent of vendors in electrical contractors’ domain, including those that sell power quality (PQ) monitoring equipment.
You have identified behaviors in an employee or co-worker that led you to believe they have a substance abuse problem. Now what? Workplace substance abuse should never be taken lightly; your safety—as well as the safety of the other employees and the abuser—is at risk.
During the opening minutes of “Butch Cassidy and the Sundance Kid,” set in a dimly lit saloon, Butch teasingly warns Sundance that maybe he shouldn’t be getting into gunfights anymore. “We all keep getting older,” Butch said.
While the economy seems to be fragile and teetering, political leaders and economic strategists fear one wrong move could bring it all down in pieces. Yet, President Obama seems steadfast in his belief that one must spend money to make money.
It's no secret that the business world is infiltrating social media, as many companies are finding an effective method of reaching customers in Facebook, Twitter and others. In the electrical industry, it’s helping to spread the word on myriad issues.
Electrical contractors are realists. While you may long for a Utopian world in which your employees whistle happily as they create perfect work for delighted customers who pay you on time, earning you a healthy profit, you don’t expect this outcome.
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.
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.
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.
By now, most New Year’s resolutions have been forgotten, but the ability to “re-solve” and respond to changing conditions is imperative for your business in these uncertain times. For the remainder of 2011, these columns will form a 10-part series using the acronym RESOLUTION.