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.
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.
From talking to electrical contractors lately, I know it’s still tough to get profitable work in the current economy. However, I also find most of the contractors who have prepared well for such a poor economic situation are maintaining a substantial workload.
The $48 Rolex watch is obviously a counterfeit. Counterfeit products are found throughout in the communications industry today. Some are even labeled and packaged to look identical to the real deal. Distributors can be great allies.
Leading construction experts and economists are certain about one thing in construction right now: The future is mostly uncertain because consumers are scared, and too many Americans are unemployed. Economists see 2012 as a big question mark because of the risk of a double-dip recession.
ServiceMagic.com released its Home Remodeling and Repair Index for the second quarter of 2009, and the data indicates consumers are still somewhat cautious in home remodeling spending. But confidence is substantially increasing, especially among baby boomers.
Years ago, when Casey Stengel became manager of the New York Mets, he said in amazement, “For these guys, every fly ball is a new adventure.” He might as well have been talking about building an integration team because every project of this kind requires a unique skill set and a custom cast of cha
Goldilocks knew how to get it right. She knew too big when she saw it, and she could tell when too small just was not enough. Most importantly, she understood the concept that something could be just right.
According to the Department of Homeland Security (DHS), the number of declared major disasters nearly doubled in the 1990s compared to the previous decade. This increase brings into focus the need and benefits of being prepared. But the DHS is not alone in its concern and call for preparedness.
As the economy tightens and competition becomes more fierce, electrical contractors must develop persuasive proposals that differentiate them from competitors, convincing prospective clients that their company is right for the job.
Electrical contractors field calls daily in response to their customer’s electrical needs. What separates the good electrical contractors from the great electrical contractors is how they respond to their customers. Whether you believe it or not, you are a problem solver.
Every business must have an ownership structure, whether it is a sole proprietorship, partnership, corporation or a limited liability company (LLC). According to Forbes, the type of ownership form depends on the type of business, how many owners it has and its financial situation.
With the economy at best flat-lining, electrical contractors are facing the same challenge as every other type of business: finding projects to replace traditional jobs that have been stalled or put on ice indefinitely.