Plumbing is a rewarding and more demanding career. Plumbing business is necessary because consumers and businesses generally are incapable of maintaining their plumbing systems. As customers are living in residential areas but some plumbers obtain corporate or commercial contracts and work exclusively with businesses. Starting a plumbing business you can become your boss and have very much flexible work. Also plumbing business gives more freedom and the ability to shape your future versus working for someone else. plumbers often use math, creativity, design, and problem-solving skills, especially as they take on larger and more complex jobs.
The plumbing business covers the following aspects:
- Heating and cooling
- Metal roofing
- Industrial wastes
- Building services
- Mechanical services
- Fire services
If you want to start a plumbing business then this article helps you how to start a plumbing business in the right way from the beginning.
1. Training and Qualifications
Earning your high school diploma or equivalent, such as GED is the first step to become a professional plumber. For plumbers having advanced knowledge of math and science are necessary. Once you have completed your high school diploma or equivalent the next step is to enroll in a technical plumbing course.
The curriculum depends on the city and state’s requirements but topics include the following aspects:
- Pipe cutting and soldering
- Draining and venting
- Electrical basics
- Water heating systems
- Local plumbing codes
Joining the Plumbing-Heating-Cooling Contractors Associations can help you grow your plumbing career. Depending upon your location, you will likely be required to work along with an experienced plumber as an apprentice for a certain no of hours. You might be able to complete your apprenticeship while you are enrolled in technical courses.
2. Business Plan
Plumbing is a system that deals with the flow of fluids using pipes, tubes, tanks, or any other material that convey fluids through it. Since the business of infrastructure is ever continuing and therefore there is always a requirement for plumbing services in the field. Job growth in plumbing services is positive which is about 16% growth in plumbing services.
A business plan is important as it gives you an outlay of your business and helps you in moving in the right direction. In the business plan you must include all the details like how you will start the business and what will it take to start. This business plan also helps you in securing loans, getting new investment. Other relevant information which you must include in the business plan are below:
- Legal entity
- Document’s required
- Details of finance
- Business structure
- Team structure
- Field of expertise
3. Research about Plumbing
The view of outside and inside are different points of view. It is very much important to go deeper into this topic and research as much as you can. Interact with those people who are already in this business. They will give you insights.
4. Choosing your Expertise
Plumbing services have a very specialty of fields and magnitude of service. It is not easy to become an expert in all kinds of plumbing services. Choose them wisely based on your budget, expertise, team size, and equipment. You can also choose commercial plumbing and household plumbing as this differ fundamentally.
Investment is the core of any business,. You have the required investment based on your business plan to start your business properly in the right direction. You must invest money wisely and never think that the more you invest more you gain profit it is wrong.
6. Setting up Office
You will need an office to operate your business. Setup your office at a place that suits your business and chooses that place from where people can easily access you. Maintain your office with all the required equipment and accessories.
You also need a warehouse to keep all the plumbing instruments, equipment, tools, and machines that plumbers need in their service. You can have your warehouse beside your office.
7. Invest in the Right Equipment
There are a few essential plumbing tools you will need in your plumber service. But don’t invest all of your money in shiny new equipment. Start with the basics equipment, and purchase other types of equipment for specialty jobs if you have the license, skills, and customer demand.
Some right equipment which you need:
- Pipe wrench
- Basin wrench
- Adjustable wrench
- Faucet key
- Tube and plastic pipe cutters
- Plumber’s torch
- Thread sealing tape
- Press fitting systems
- Hand Auger
- Snake Machine
- Heat shields/pads
- PEX pipe expander & fittings
- Stubby screwdriver
- Plumbing business software
8. Marketing your Plumbing Business
Most plumbers are too busy servicing their customers and running their business to think about marketing. Plumbing is one such industry where you should be able to find a decent amount of customers if you target them the right way. In order for a plumbing business to achieve lasting success, it’s imperative to make a habit of constantly attracting new customers.
Get your plumbing business flowing in the right direction with these marketing strategies:
- Directory and pay per lead sites
- Search engine marketing
- Pay per click marketing
- Your website
- Social media marketing
- Email marketing
- Video marketing
- Recruitment marketing
- Customer service
- Review generation (this goes hand-in-hand with customer service)
The plumbing industry is always changing. They are always coming out with new equipment, new materials.
9. Business Insurance
To help protect your small business, you should consider getting plumbers’ insurance, also known as business insurance.
Whether you’re a residential or commercial plumber, you face unique risks while installing and repairing plumbing systems. All businesses, regardless of industry, face risks that should be covered by insurance.
Types Of Insurance Plumbing Businesses Need
General Liability Insurance
- Premises Liability
- Products Liability
- Completed Operations
Plumber Business Owners Policy (BOP)
- Buildings and Contents
- Business Income and Extra Expense
- Electronic Data
- Newly Acquired or Constructed Buildings
- Employee Dishonesty Coverage
Workers’ Compensation Insurance
If your employees get hurt or sick from their job, workers’ compensation insurance can help pay for their medical costs, replace some of their lost income, and more.
Commercial Auto Insurance
Commercial auto insurance covers vehicular damages to your company vehicles, whether they are driven by you personally or by your workers.
Plumber Workers Comp Insurance
If one of your employed staff is hurt while performing his work duties, or if he is made ill by something related to his job, workers comp for plumbing contractors provides help in several different ways.