Handing over the family business is never easy Electrical contracting firms are mostly small family businesses and are going through a generation transition in the United States. It is predicted by the year 2013, nearly $4 trillion in assets will be transferred to the next generation.
Know when it’s time to sell ‘old bessie’ If you’re a typical electrical contractor, you’ve probably accumulated fixed assets as the business grew. Calculating ROA, or Return On Assets, will make you aware of just how fixed asset-heavy your company has become.
New utility business regulations could affect you Is electric transmission a natural monopoly or not? Does the Federal Energy Regulatory Commission (FERC) have authority over states and utilities to order restructuring and regulation of transmission systems?
Submeters are installed after the main utility meter to gain additional information regarding energy usage inside a facility, according to Don Millstein, president of Langhorne, Pa.-based E-Mon Corp. Estimates for the submetering market are primarily based on existing facilities, although U.S.
Estimation, training and planning put you in the black What helps make your electrical contracting business profitable? Is it your estimating prowess? Is it your ability to buy your project equipment at the best price and sell it at a good profit? Is it your ability to find and keep good people?
You have to admire the copper cabling people for their tenacity—they never give up. In spite of hearing for the last 15 years that copper has no future, they persist in developing new technology that allows copper, like the mythical Phoenix, to rise from the ashes as strong and viable as ever.
This year should stay even with 2003, with a dip in housing and an upward blip in nonresidential. However, 2005 may be a big year all around. Bureau of Labor Statistics data claims 781,400 field workers were employed in electrical construction, on average, from July through September of 2000.
At the recent Power Quality World Conference, I chaired a session on “Specifying and Purchasing PQ Equipment.” Afterward, I met one of the presenters from an electric utility who said he planned to bring his lawyer with him to the session the next day.
The terrorist acts of Sept. 11, 2001 created changes in our lives and businesses in ways in which most of us never dreamed possible. One of the most immediate changes in the way in which many do business was the passage of the Patriot Act. The U.S.A.
There’s a well-known joke about money. You might see it as a sign posted in a bar or restaurant: “In God We Trust. Everybody else pays cash.” The first part of that phrase, as we all know, is printed on every U.S. greenback and stamped on every nickel, dime, quarter and penny.
A large part of the nation has been spooked recently by regional energy crises. If necessity is the mother of invention, then perhaps recent price spikes, power outages and fears of terrorism are causing some people to assume more responsibility for their energy needs.
One of the most power-quality aware industries is the financial market, as it is one of the most dependent on the uninterruptible operation of computer and communications technology equipment for their business to generate “positive money.” It is not surprising that many of the members of the 7x24
There are many types of financial institutions and numerous possible ways to protect these facilities against the threat of fire. There are banks and credit unions, as well as data centers that process the transactions and credit card purchases with large computer room facilities.