Electical Contractor

Business managers are taught that goals and benchmarks must be measurable to be achievable, but not everything that affects the success of your company can be analyzed.

This month, with the end of the Mayan calendar, humanity will experience a “shift” and the rise in our vibrational energy will allow us to realize untapped abilities. However you interpret this idea, you already know that you have to change your way of doing business.

Profiling the personality of the criminal element allows law enforcement personnel to effectively target and apprehend evildoers. In the current political environment, the millionaire capitalist has often been profiled as a borderline criminal stealing resources more properly allocated to others.

As a contractor, there were times when I bemoaned the attitudes of employees who failed to understand our company’s cost structure and the battles we waged to make and keep a modest profit.

If you are pondering the challenges of maintaining a respectable net worth during unpredictable economic times, you might wonder how the wealthy build and sustain economic security.

In the first two parts of this series, I reviewed mutual funds, stocks and arbitrage. This month, I conclude with an overview of hedge funds, diversification and portfolio balancing. Hedge funds Benjamin Graham, the godfather of value investing, started the first hedge fund in 1923.

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.

Recent economic forecasts offer some hope for electrical contractors in 2012. As market conditions improve, it is more important than ever to avoid common contractor mistakes. Ensure you are alert to these business killers, and you will focus on ways to guarantee your success in the coming year.

A century before electrical contracting existed, Victor Hugo wrote, “There is nothing more powerful than an idea whose time has come.” Rapidly changing technology requires more progressive thinking today, but the powerful idea that appears as an outlier often goes unrecognized.