Owning your own plumbing business can be a lucrative and satisfying endeavor, but before you ever get started, you want to be prepared. Competition in the industry can be stiff, but the good news is, there are many areas of plumbing you can specialize in and no shortage of customers.
To help you on your way, take these 3 tips on how to start a plumbing business:
Get Training and Gain Experience
This one is kind of an obvious tip, but you really can’t start your own plumbing business without the necessary training. Not only that, but you need to get some experience under your belt first before you can branch out into having a company of your own.
Start by getting licensed and then follow up your training with an apprenticeship with another plumbing company. This will allow you the opportunity to build upon your skills and learn the ins and outs of the business before you take the leap into going at it on your own.
Find Your Niche Before You Start Your Own Plumbing Business
Plumbing services include many things from drain cleaning, to pipe repair, and there’s going to be plenty of competition, especially when it comes to common services.
Take the time to do some research on the plumbing and heating industry to know which areas are the least covered by competing companies. You might decide to specialize in the repair of custom showers and bathtubs, or you might find that installing water and gas pipes is more up your ally.
Just make sure that whatever you pick is something that you will enjoy and be good at doing. By limiting your plumbing business to a specific niche, you’ll be able to really focus on developing those skills which will mean you can offer the best to your customers.
Get a Business Plan in Place
Before you put any money into building your plumbing business, it’s a good idea to start with a business plan. Having one in place will guide you and help you make sure you’re on the right track. A business plan is not just a “to do” list. It should involve all the plans you have for growing your business for the next several years.
This will include marketing plans, plans for generating sales, financial goals and information, company logo and name design ideas, promotional ideas, and so much more. You’ll also want to consider the number of people you plan on employing, what they’ll be paid, what kind of equipment you need to buy, etc.
Discover Other Helpful Information
Now that you know some of what it takes to launch your own successful plumbing business, find more of the tools you need on our website.
We’ve got lots of great information about running a business, appealing to customers, and maintaining motivation. Be sure to check back regularly for new content!