Using the plumbing skills you have learned to create a plumbing business and walking down the road to profitable small business management can be a very lucrative option. You can start your business by following these simple steps.
In all countries there are public organizations to help entrepreneurs.
Record the name of the company. If you are going to be the only plumber, you can create the business with your legal name. If you are going to hire additional plumbers, you may want to choose a special name for the company. You may need to consult with a legal professional to learn about the branches of each option.
Prepare a business plan and a detailed estimate to know the budget of the first year. Make several copies of each: you must give them when you apply for a loan, some type of grant or when you find an office to rent.
Apply for operating licenses and tax permits to start a plumbing business. These will vary with the area so check in your municipality to find out what you need.
Gather the capital for a year of work. Aside from using your savings and bank loans, look at the local business development organization if there is any kind of grant for new businesses in your industry.
Choose a location for the office. Find a store that you can buy or rent and that is ready for use. Ideally, you should have a small office space next to a warehouse or garage to store supplies and tools as well as company vehicles when they are not working.
Open current accounts for the business and apply for a business credit line to cover unexpected expenses. Remember to ask for checks if the bank does not offer them.
Acquires insurance policies. The business regulations office will determine the type of policy you should buy. In most cases, you should know that a general liability policy and a vehicle insurance policy are necessary. If you are going to hire employees, you should also have insurance for employee compensation.
Hire your employees. Remember to think about hiring office staff as well as hiring plumbers.
Review the references fully.
Check the validity of the professional plumbing licenses of your potential employees.
If plumbers in your area must have personal liability insurance, check if they have it before hiring anyone.
Write a list of necessary tools and operating supplies, multiply that by the number of plumbers you will hire and purchase those items. Remember to include office equipment and vehicles for the company.
Pretty much announce your grand opening 2 weeks before the opening date.
Place ads on the internet. Consider including a coupon to motivate customers to use your services.
Park your company’s vehicles with advertising signs in important places.
It issues press releases on television, newspapers, magazines, etc. In your area.
Delivers advertising flyers in real estate offices. Think about offering a discount to the clients of the real estate companies that mention your services.
Before starting a plumbing business, review the necessary requirements to make sure you have a proper professional plumber’s license.