Americans' plumbing needs aren't going away anytime soon. The 1.7% increase in plumbers last year shows the demand for experienced plumbers is still going strong. This latest increase in plumbing careers helped propel the industry to over $110 in the past year.
The proof is in the numbers. Passing up on a plumbing career could mean passing up on a unique opportunity to make more money and secure your future.
Unlike other professions like engineering and clinical psychology, you don't have to attend a four-year university or grad school to become a plumber. You can jump on this career path with no experience and start a plumbing business in less than two years!
Are you ready to ditch the 9 to 5 for a business you're passionate about? Learn how to start a plumbing business quickly with this step-by-step career guide.
Step 1: Find Quality Plumbing Training
You don't need to enroll in a 4-year college, but training is necessary for plumbing professions. Many aspiring plumbers attend vocational training right out of high school. Local community colleges also offer trade courses in plumbing.
Apprenticeships are highly recommended for aspiring plumbers who want to start their own businesses. This type of training gives you the best hands-on experience. Some states even require plumbers to go through an apprenticeship first.
Professional plumber requirements vary from state-to-state, so check with your home state's requirements first before choosing an education path.
If you're serious about opening your own plumbing business, take additional business courses. You can find basic business 101 courses at your local community college. These courses cover such necessities as business law, accounting, marketing, and management for your future plumbing company.
Step 2: Obtain Your Mandatory Plumbing License
After completing your plumbing training license, you'll need to obtain a license to work. Again, check with your individual state requirements. Your state may require multiple licenses. For example, some states require additional licenses for "master" plumbers.
Ideally, your vocational training program, or apprenticeship, should prepare you for earning a plumbing license. That's why it's essential to choose a training program that puts you on the right path forward.
After receiving your license, work for local plumbing companies so you can learn the ropes of both plumbing and business. Starting a plumbing business takes another set of skills out of the plumbing trade. That's why you should take a few business courses first.
Step 3: Brainstorm Plumbing Business Ideas
You've paid your dues at a local plumbing company and eager to put your entrepreneurial spirit to the test. Your next challenge is to brainstorm your plumbing business idea.
First, brainstorm the type of plumbing services you want to offer. Some businesses specialize in residential plumbing, while others are focused on commercial enterprises.
Do you want to offer jetter plumbing, pool plumbing, new construction plumbing, or sump pump maintenance? These are vital questions to consider as you brainstorm ideas.
Research the plumbing needs in your community. What plumbing services are in demand in your area? This could be an excellent opportunity to cash in on an in-demand service.
Next, brainstorm a fantastic plumbing company name. Choose a name that's relevant to your industry and easy to remember. You could also give it a local angle to attract more local customers.
You'll also need to define your plumbing services and name for a business plan.
Step 4: Write a Business Plan
You can't start a plumbing business without a targeted plan of action. Disorganized companies are destined to fail. Furthermore, not having a plan can prevent you from getting much-needed business funding.
A business plan is extremely comprehensive. You need to summarize your business, outline your operational costs, detail your marketing needs, set quarterly revenue goals, and include future projections, among other things.
This part is where those business 101 courses come in handy. Beginner business classes will brief you on the specifics of business plans. You could also consult a business lawyer to help you draft a solid plan.
The primary reason why business plans are so important is that they're mandatory for bank loans. Don't overlook this step if you need funding to get your business off the ground.
Step 5: Apply For Business Funding
With a comprehensive business plan by your side, you can have the confidence to apply for a substantial business loan. Along with a plan, you'll also need excellent credit to back it up. Banks are hesitant to take chances on businesses that are viewed as a risk.
If you don't meet the credit requirements for bank funding, don't fret. There are several more options to consider. You may also qualify for high-risk financing from private institutions. These loans come with higher interest rates because lackluster credit is a higher risk for lenders.
Another option is your family. This is an excellent option for aspiring plumbing entrepreneurs. Plus, you may not have to pay interest on a family loan!
Step 6: Find a Location and Hire Staff
Now that you have the financing you need to succeed, it's time to move into a space and a great staff. Location, customer service, experience, and excellent management are essential for plumbing companies.
Don't choose a location that's hard to get to. Avoid starting a plumbing business in an alleyway or upstairs office suite. These locations are difficult to find.
Hire experienced plumbers who are licensed and insured. You don't want a lawsuit on your hands! Research your state's requirements for hiring plumbers.
Step 7: Promote Your New Plumbing Company
Your grand opening is right around the corner. Let the community know with a targeted marketing plan. A marketing strategy is essential for promoting your businesses to new customers.
Use a strategic combination of PPC Google ads, social media, local print marketing, and proximity marketing. You need these strategies to outrank the plumbing competition online and attract customers who are looking for an alternative.
Since you're a new plumbing business, run a grand opening promotion to the community. Offer 25% off drain cleanings, toilet plumbing, or kitchen plumbing. Customers love a good incentive, even from their plumbing companies.
Start a Plumbing Business that Makes Major Money!
Don't flush your entrepreneurial dreams down the drain. Start a plumbing business that's built to flourish from the beginning.
Homeowners and commercial ventures both need excellent plumbing services. Learn how to start a plumbing business with this essential career guide.
Building a rewarding career in plumbing means taking advantage of the right opportunities. Make this your year of success with the latest tips and trends for career seekers and startup founders.
