Chapter Corner

Newsroom & Insights: Management Methods

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In Uncertain Times Make Your Business Sure

If we want to be insulated from the ebbs and flows of the market, we’re probably in the wrong business – even though there isn’t another industry we’d choose to commit to. Construction is continually exciting; it drives the economy. At the same time, it’s also heavily affected by capital spending, government budgeting and regulation, labor availability, and consumer confidence – in short, just about everything at play in the economy’s ups and downs. That means that far beyond our control there are simply fat times, lean times, and we-just-don’t-know-yet times. So as the industry holds stable in its slow recovery, and while owners and economists can’t guarantee what 2017 will bring, electrical contractors have the opportunity to make themselves sure about the future of their business by investing in the future now.

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Motion is Money

As the workforce ages, soft tissue injuries become the leading frequency and severity loss drivers in warehousing/distribution. Motion is Money is a focused process designed to address the musculoskeletal disorder risk factors driving these losses while positively affecting the production, efficiency, and quality of operations.

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How Van Organization Can Benefit Your Company

As a contractor, you understand the importance of organization. Between your office, paperwork, and appointments, there are a lot of things to juggle on the job. One of the most important aspects of your business organization starts with your work vehicle.

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What OSHA Has in Store for the Construction Industry

The Occupational Safety and Health Administration (OSHA) has been focused on enforcement, as have other federal workplace agencies. OSHA forecasts that it will inspect almost 38,000 workplaces in 2014. OSHA’s plans for the construction industry include these compliance initiatives.

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Faulty Workmanship: Is Your Business Properly Protected?

Faulty workmanship is a risk that specialty contractors, such as electrical, face each time they take on a project. Problems can come from a variety of factors and often take years to arise. For this reason, electrical contractors need insurance coverages built for their unique exposures.

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Warning: Reimbursement Can Cost More Than a Company-Owned Fleet

When looking at the entire cost to own a vehicle versus reimbursing drivers at the 2013 IRS rate of 56.5 cents a mile, a company-provided vehicle can cost considerably less. Operating a fleet enables businesses greater control of the ownership-related expenses such as depreciation, interest, tax, registration fees, fuel, insurance, maintenance, and repairs. Right-sizing both the vehicle and the fleet can go a long way toward decreasing the operating expense even in lower mileage applications. But unlike the vehicle's dashboard, there are no blinking lights to warn businesses that reimbursing drivers for using their own vehicles could be dangerous to the bottom line.

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Be Prepared for Early - and Possibly Unwanted - Retirement

Given the economic climate we’re in, you may one day be faced with a downsizing or otherwise forced to retire earlier than you had planned.

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Maintenance Musts: Stop. Look. Listen

Businesses that have a fleet of vehicles need to teach their drivers to stop, look, and listen when it comes to proper maintenance and minimal repair expenses. That’s because over the last few years, there has been a major shift away from generalizing the recommended service intervals for all vehicles to having very specific service schedules from every manufacturer for each make and model. Failing to adhere to specific guidelines established by the manufacturer may prevent repairs from being covered by warranty.

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How Your Image Impacts Your Bottom Line

Let’s set the scene: you have to pick a restaurant for a nice evening to celebrate. You want it to fit the celebration so it needs tablecloths, perfectly elegant lighting, subdued music and a charming but understated wait staff that serves freshly-prepared unique dishes. It has to be special.

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Why Customers Want to Give You Referrals - and Why They Won't

There is no better way to gain customers than through referrals. A customer's personal recommendation adds strength to your marketing program that money cannot buy.

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