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Plumbers have the important job of keeping clean water flowing throughout a home or building. In fact, without proper plumbing, our homes and cities would become susceptible to various harmful diseases due to wastewater build up. Therefore, there will always be a need for plumbers.
Professional plumbers can choose to work for a plumbing company, or they can go in business for themselves, installing and repairing plumbing systems in homes and buildings, designing plumbing systems for new buildings, or deciding how to manage, repair, and expand municipal water systems, and more.
Owning your own plumbing business gives you the flexibility to run your business the way you like and schedule appointments according to your needs. Learning how to start a plumbing business is simple. Simply incorporate the following seven easy steps.
Step 1: Have a Passion for What You Do
Owning your own business often requires long work hours – especially in the beginning, emergency hours, and maybe even a few discerning customers, which can become trying. However, if you have a genuine passion for what you do, it helps make your job worthwhile.
Being passionate about your job also helps ensure that customers receive your best work. This helps build your reputation as well as your customer base. Satisfied customers are often eager to share their experience with others.
Starting your own plumbing business may also require a sizable investment. Be sure it is worth it in the event your business fails.
Step 2: Obtain the Proper Education and Training
Plumbing work often involves making precise measurements and gauging water; therefore, you should have a basic knowledge of reading and writing as well as an advanced knowledge of science and math.
Many states require a certain number of classroom hours to become a licensed plumber. You will also need to enroll in technical plumbing courses, such as at a trade school or a community college. There you will learn the basics of plumbing, including draining and venting, electrical basics, pipe cutting and soldering, and more.
Depending on your state, you may also be required to work alongside an experienced plumber as an apprentice for a certain number of hours.
Step 3: Obtain the Proper Licensing
Plumbing is a licensed and regulated profession. Some states may require you to pass a practical test or a written exam to earn your plumbing license. Be sure to check your state for local requirements.
Step 4: Conduct Market Research
Conduct market research to be sure there is a need for your service in your area as well as to get an idea of what other plumbing businesses are offering. This way you will have a clear understanding of what you have to offer that is better or different than your competitors, which will help you stand out. Conducting market research will also help you identify your target market so you can cater your services accordingly.
Market research can be done using various methods. These include scrutinizing the current sales and effectiveness of your competitors’ practices, conducting interviews with potential customers, or sending out surveys or questionnaires to potential customers online or by mail, inquiring about what they consider when purchasing this service as well as what they dislike about current services on the market etc.
To perform data searches, simply use the resources at your local small business center, your local library, or your college campus.
Step 5: Choose a Business Name
Once you have identified the core of your business, choose a business name that reflects it. The name should be catchy and unique but also comforting and easy to remember.
You should also register a web domain. It will serve as your website so customers can access your business 24 hours a day. Be sure to list all of the services you provide as well as any coupons or specials available.
It is also a good idea to list your business with an online listing service, such as Google My Business. This way you can appear in local searches, helping you stand out among larger competitors.
Once you have settled on a business name, be sure to register the name with the IRS to make it official.
Step 6: Obtain Funding
When it comes to how to start a plumbing business, you have various options for establishing your headquarters. For instance, you can set up a home office and then travel to your customers’ location as needed. This can help keep your overhead costs low. Alternatively, you can rent a commercial office space. You could also simply purchase a building and make it your office.
No matter which type of office you choose, you will need funding for startup costs, such as equipment and supplies.
Some options for obtaining funding for your business includes using your own savings or credit cards. Some people also ask their close family and friends for a loan. One can also simply take them on as business partners. You can also consider venture capital or angel investors, or you can apply for a small business loan.
Before applying for a loan, be sure your credit is acceptable, which will help secure the loan. Having a down payment may also help you secure a loan as well as qualify for a lower rate. Lenders will also want to see a sound business plan. It should detail your company’s goals, why they are obtainable, and how you plan to achieve those goals. Be sure to present a well-constructed plan. You also need to include a good exit strategy. This is essentially a long-term plan for selling the business in the future.
Having a business plan also serves as a blueprint for your business to resort back to, to help keep you focused on your goals and objectives.
Step 7: Perform Ongoing Marketing Research
Ongoing marketing research helps you understand what is working for your business as well as what needs to be improved to help keep your business growing.
Some ways to conduct ongoing marketing research include customer surveys, questionnaires, and Google Analytics, which allows you to track how visitors use your site, what visitors are searching for on your site, and what visitors are clicking on, and more, so you can adjust your strategies accordingly.
If you truly feel that you have a knack for plumbing as well as a desire to help customers, especially where other plumbing companies fail, consider starting your own plumbing business using these steps on how to start a plumbing business.
If you have additional insight on how to start a plumbing business, feel free to share your experience.
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