The trades are a lucrative business field, and although there was a decline in the number of people entering the field, these numbers are slowly increasing. As automation and similar strategies become more advanced, young students are making the decision to enter the field of trade skills.
Plumbing is among the most popular, as studies show that there’s a rising demand for skilled plumbers in the market. However, few journeyman plumbers come up with a business plan for their careers. Here are a few ideas to get the ball rolling.
For starters, you can set up a small ‘Mom and Pop’ Business that includes you and a few other employees – usually your friends or family. If working as a contracted employee for a plumbing business doesn’t align with your career goals, you can choose to start a small plumbing business of your own. Here’s how you’ll have to do it.
Getting licensed from the trade licensing authority in your state is the first step to working as a professional tradesman, regardless of what field it is, and whether or not you want to start your own business.
This requires that you send an application with the required fee, get approved for the test, and then prepare for the test. Once you pass the test, you can get a license.
If you’re applying for a license to start a company, you’ll need to show some financial stability and proof of insurance.
The next step is that you should have a truck to take your equipment from one job site to the other – using your car can get a little messy. We suggest that you rent a truck or switch your car for a truck.
Lastly, once you’ve bought the necessary equipment and rented a truck, it’s time to set up your office. Lease out a space, set up a telephone number, and start taking calls. This gives your small business a reliable presence among customers.
On the other hand, if you don’t want to go through the hassle of setting up your own business from scratch, you can always just buy out an existing business.
This way, you acquire their equipment, position, and whatever customer base they have.
This will allow you to get past the initial stage of starting a business and start working on an expansion strategy that will improve the business’ performance.
The last option is that you buy into an existing plumbing service franchise, such as Roto-Rooter or Benjamin Franklin. This allows you to capitalize on their advertisement and branding strategies, a reliable reputation, and a growing customer base.
Once you find a suitable franchise to join, you need to sign a franchising agreement. However, the only disadvantage is that you need to pay a large franchising fee to join the company.
Whatever strategy you choose, you need to stay consistent by getting involved with the community. One way to do this is to host local events or donating to local charities – this makes a positive impression on potential customers and builds employee morale. Build a social media presence and use to garner feedback from customers. Whether you receive positive or negative feedback, it’s important that you respond.
PHCEid.org is an advocate for the Plumbing, Heating, Cooling, and Electrical contractor to properly identify their licensed status for public awareness. Professional Contractors have the license or certification to work in homes and businesses. Without the proper certification and licensing to become a skilled trades professional, it compromises the integrity of the trade industry.
The contractors listed on the PHCEid.org website are licensed or certified according to the codes and laws set forth by each governing state and/or entity. Licensed Contractors work in compliance with local and state codes set forth by their governing trade industry board. Get more information at PHCEid.org or call 844-954-2367 today!