If your firm has fallen into the doldrums, perhaps it is time to take an introspective look at your business with an eye toward shifting gears. Maybe it is time to become a more aggressive player in your marketplace.
Scapegoating is a hostile social behavior by which people move blame and responsibility away from themselves and toward a target person or group. The target feels wrongly persecuted and receives misplaced vilification, blame and criticism.
Electrical contractors, historically speaking, are not avid fans of sales, marketing and promotion. However, the key word in that sweeping statement is “historically.” Things have changed and so should contractors and their views regarding such business management tools and techniques.
Often times a contracted project takes longer to complete and requires a larger budget than was originally planned. Many factors can be contributed to the increased duration and cost of a project. But who is responsible for such delays?
Growing numbers of electrical contractors are trying out new technology to increase their efficiency—some products with more success than others. But the CAD (computer-aided design) system has become a staple that contractors cannot ignore.
Electrical contractors can obtain needed equipment by purchasing it, leasing it or renting it. Electrical contractors use each of these three equipment acquisition methods every day and each method has its advantages and disadvantages.
It’s almost certain your company will add equipment and tools to its inventory this year. What’s less certain is whether you will buy outright or lease. Neither choice is all good or all bad, but the result will make a difference on your balance sheet and tax statements.
Company tailors service model for each customer Creating a company culture where the mantra is “Nothing’s Impossible” takes the buy-in of every worker, top-to-bottom. That’s what Shepherd Electric Supply, with two branches in the Washington, D.C.
Finding the right team is only the first step The popularity of design-build as a project delivery system continues to grow in the United States as more and more owners embrace it. There are a variety of ways that your firm can become involved in this growing market.
It’s hard to explain what enabled Sullivan & McLaughlin (Boston) to surge from $2 million annual sales in 1991 to $50 million and growing. It can be summed up this way. The people who run the company like each other and their employees; their employees trust them and like them back.
GE Supply Logistics, LLC, an operating unit of GE Supply, the electrical products distribution business of the General Electric Company (NYSE: GE), has opened its new headquarters, sales and distribution center in Irving, Texas.
On the job and in the office, communication styles often determine how productively your team performs, be it estimating a new job or completing one in the field. Communication is at the center of motivation and leadership, and it can be related to personality.
Electrical contracting firms are no longer the "single-product" firms they once were. For most of the history of electrical construction, the electrical contracting firm's market has been traditional contract construction and its customer base, predominantly general contracting firms.