You can never go wrong with a plumbing business because consumers and businesses are always looking for plumbing services. Many homeowners and businesses are unable to maintain their own plumbing systems. So there is an opportunity for you to ensure their sewer and potable water pipes are well-maintained and meet local building codes. You can decide to focus on residential properties or work exclusively with businesses. If this is the perfect business idea for you, then below is how to start a plumbing business.
Step 1: Earn the state-required plumbing certification and license
Perhaps the first step to starting and building a plumbing business is getting the relevant education and knowledge in the field to become a professional. You won’t be able to run your business without proper certification and licensing legally. Once you get certified, you can become an apprentice as you work under a master plumber. You can then take and pass your license exam and, depending on your state, become a master plumber. Go to https://calltheplumberguys.com/pennsylvania/philadelphia-pa for more information.
Step 2: Do your due diligence and create a business plan
A business plan will help to highlight some of your strengths and weaknesses in terms of experience, information, and capital. You’ll also be able to assess the competition and draft a competitive advantage. The document outlines your vision and business objectives. Be as detailed as possible. For instance, include the areas you’ll serve, your target customers (residential or commercial), unique selling points, hiring and firing criteria, expanding into new regions, and more. Put everything on paper and ensure you implement them when the right time comes.
Step 3: Invest in proper equipment
Some plumbing tools are essential and will help get your business off the ground. However, don’t spend too much on expensive equipment. Remember to stick to the basics and buy used whenever possible.
Step 4: Register and insure the business
To comply with the local and state laws, you need to register your business. You’ll decide whether you’re starting a sole proprietorship, a partnership, or an LLC. Remember to apply for an EIN and register for taxes as well.
Step 5: Set up an office, a bank account, business administration, and pricing formula
You’ll need an office to manage your administrative tasks, such as keeping crucial documents, running marketing campaigns, fielding phone calls from clients, and any other admin function. Also, using dedicated business banking accounts can help to protect your personal assets, whereas getting a business credit card can help separate your business costs from personal expenses. Moreover, your services should have set prices or a formula to determine the cost of jobs based on supplies and labor. Include a contract or an agreement for a consistent experience.
Step 6: Start marketing online and offline and build a brand
Once everything is set, work on getting your first customers, even if it means marketing aggressively online and offline. To build a brand, ensure you’re providing the best service.
Step 7: Be consistent and stay up to date on relevant plumbing education and developments in the industry
You’ll need to be persistent because you’re going to face several challenges in the beginning. You’ll also need to be learning about new equipment and technology in the industry, as plumbing is just as dynamic as any other business.
If you’re wondering how to start a plumbing business, these tips should help you get started. This step-by-step guide can help you get ideas and build your plumbing business from the ground up.
Featured Image by rawpixel.com