There are well over 109,000 heating, ventilation, and air conditioning businesses in the United States, and the industry generates over $80 billion annually?
Are you looking to have a share of this cake?
If you’re, then starting an HVAC business is the best move. However, with new HVAC outfits cropping up every day, and considering the fact that there are already established players in the industry, it can be difficult to break into the market.
But worry not! In this article, we are giving you the most functional tips and tricks for starting a successful HVAC business. Keep reading!
Gain HVAC Experience :
There are businesses you can start without necessarily having the relevant industry or professional expertise. For example, you really don’t need to be an experienced driver to start a taxi business, right? Just buy or lease the cars, register the company and hire drivers.
The same doesn’t apply to HVAC businesses, however!
You see, HVAC is a very hands-on industry. You will hardly run a successful business if you don’t know the ins and outs of AC diagnosis, repair, and installation.
As such, the first step to starting a profitable HVAC business is to enter the industry as an HVAC technician. This involves completing an HVAC training program and obtaining an occupational license from the relevant agency in your state. Once qualified, find employment and gain as much experience as possible.
Choose a Business Model :
You have three options. You can:
- Start your business from scratch
- Buy an HVAC franchise
- Acquire an established HVAC business.
Each of these options has its own set of pros and cons. Starting from scratch gives you complete control over every aspect of the business, including branding and location, but in the early days attracting customers might be a tall challenge.
Acquiring a franchise enables you to use the brand of an already established HVAC enterprise, so you won’t have a hard time convincing potential clients to buy your services. On the downside, the cost of acquiring the franchise can be very steep.
Seen a buzzing HVAC business in the neighborhood? Admiring how it’s pulling in tons of clients every day? Well, you don’t have to set up a rival business. If your pockets are deep enough to pay like 5 times its present value, you can buy it! With an acquired HVAC business, you won’t need to change anything at all, meaning you start off with a solid client base.
Find a model that suits you.
Setup the Business :
Because the vast majority of entrepreneurs opt to start new businesses from scratch, it’s important to discuss what you need to do next if you settle on option one.
Craft a name for you’re the business, select a physical location and lease some office space, and then acquire all the relevant state and local permits and licenses.
Next, set up office lines and hire one or two HVAC technicians to handles the work you’ll secure.
It’s also important to set up a professional website for your business. If you need some design inspiration and to get an overall feel of a good site, head over to www.coopergreanteam.com.
Starting an HVAC Business: Final Thoughts
Even though experts project a sluggish 2.6% annual growth in the HVAC industry, starting an HVAC business right now is a smart decision. Winters and summers are getting more brutal, so more and more people will keep installing HVAC equipment in their homes and offices. As long as you get your marketing right and hire competent technicians, you’ll always do good business.
Need more tips? Keep tabs on our blog!
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