There are very few careers these days which offer excellent job security. However, plumbing is one industry which is always in demand. Good plumbers can be hard to find, so if you enjoy getting hands on, want a varied career with great job security, setting up a plumbing business is a brilliant idea.
Setting up any type of business is hard work and there’s so much to think about and do to ensure the business succeeds. Here we’ll look at some of the best tips that will help you set up and run a successful plumbing business.
Creating a plumbing business model
Before you set up your plumbing business, you need to decide what type of plumbing you want to specialise in. It’s useful to look at the service demand in your area. Also, take into account your competitors and what options are already available for customers in the area. You might notice for example, that most of your competitors offer a sole emergency call out service. In this instance, it would be better for your business to offer a more specific, niche service.
Generally speaking, repairs and emergency plumbing services tend to be the most stable markets for plumbers to get into. Even in times of recession, emergency plumbers and repairs are still required.
Getting the best deals from suppliers
When you’re just starting out, you’re going to want to save as much money as possible. To do this, you’re going to need to get the best deals from suppliers.
What’s most important here, is to ensure you’re getting high quality supplies and not sacrificing quality for a low price. Look for a supplier that is renowned for quality and reasonable pricing like Barrier Components.
If you manage to secure the best deals, it will save you a small fortune each year.
Ensure your prices are profitable
One of the biggest challenges you’ll face when setting up and running a plumbing business is ensuring you’re covering the cost of your overheads. It’s vital to have a good understanding of how much it’s going to cost to provide your services. If you don’t take into account all of your overheads, you’re going to end up losing money and not knowing how much you should be charging.
Overall, if you want to set up and run a successful plumbing business, the above tips will help. There’s a lot to consider and it’s really important to do your research beforehand if you want to make the business a success.