Being a professional plumber remains among the best and most respected trades globally. This profession doesn’t provide a lot of benefits. It also guarantees job security and excellent pay.
Like construction contractors and electricians, plumbers also play an important role when it comes to maintaining and building hidden infrastructures that support modern American life.
Currently, the plumbing industry produces over $25 billion in revenue and employs more than one million people in the United States.
Hence, if you want to be part of this industry and want to start a plumbing business, the following are tips to help you get started:
1. Create a Solid Business Plan
With a solid business plan, getting your business off the ground will be easier. Of course, it will take time to create a solid plumbing business plan, but it is going to be worth it.
This is because a solid and comprehensive business plan can give your new plumbing business purpose, clear-cut strategies, and structure.
2. Handle the Legal Aspect
This is an important requirement for many businesses, including plumbing businesses. To get started, you will have to submit vital documents, including clearance certificates.
Your state may also need you to present documents, like a contractor’s license, plumbing permit, and plumbing license. Other important documents you will need to present are the following:
- Plumbing forms
- A guide to clients
3. Implement the Right Plumbing Tech Solutions
These days, you don’t have to struggle with anything, including the operations of your plumbing business. Tech solutions, like a field service app, have been developed and perfected to make the running of businesses smoother.
With the right tech solution, your business can handle anything from invoicing to inventory management, scheduling, customer management, and payment processing.
4. Get Insurance
As a professional plumber and an entrepreneur to be, you will be exposed to a lot of risks. And most clients are skeptical about working with unsecured companies. This is why it is best to get the right insurance once you take care of the permits and licenses.
Business insurance will help take care of your company’s financial well-being and even protect it against unforeseen losses or risks. It can also protect you and your employees in the case of damages, injuries, or accidents. Some of the coverage may include workers’ comp insurance, property insurance, and general liability insurance.
5. Set up Your Office
Administrative tasks are important, too, when starting a new plumbing company. You will need a place where you may field telephone calls from your clients, run marketing campaigns, and keep vital documents.
If you are also looking to keep the costs down when starting a business from scratch, consider setting up a home office. Then set up a filing cabinet, desk, and telephone.
The Bottom Line!
Demand for plumbers has skyrocketed. Because of this demand, starting a lucrative plumbing business becomes important. Usually, starting a new plumbing business starts with becoming a master plumber first, then you acquire the right tools and continue expanding your skills and improve customer service to get more clients.