Do you have plans of starting your very own business as an HVAC technician? Do you find yourself working in the industry but don’t want to be supervised? You probably desire to become a boss. Also, if you are mechanically inclined and have excellent skills for troubleshooting, then these are an indication of you starting your own HVAC business. However, aside from having the guts, skills, and financial strength, you must firsthand know that most HVAC businesses today have the highest failure rates out of all new ventures.
But don’t be discouraged because there’s a piece of good news. There are some recent changes in the energy efficiency standards and these changes will fuel even more growth in the HVAC industry. Additionally, these changes have prompted improvements in the HVAC equipment as well as the subsequent replacements of any outdated installations, which is a great advantage.
Further technological advancements are also playing a more crucial role in the HVAC industry’s products and operations. And these
Step 2: Determine Start-up Costs for Your HVAC business
Building your own HVAC business will cost you a lot of money and you cannot afford to make mistakes. However, one of the biggest, if not common, mistakes you can make is failing to account for all business expenses. You’re entering an industry where the average start-up cost is slightly higher, spending anywhere from $2500 to $10000.
If you buy everything up front, the overall cost can easily hit $100000. You will need:
· Liability insurance and workers compensation insurance
- General tools used in HVAC like electrical testers, Sawzall, batter-powered drill, etc.
- HVAC and construction tools intended for sheet metal work
- · HVAC tools for air conditioning work and other supplies
- A vehicle big enough to transport all your equipment and tools.
- Safety equipment and vehicle signage.
- Website (it can broadly help you get started)
- · An online inventory software that gives you information on a particular asset’s repair costs expected lifespan and maintenance history.
Step 3: Education, Skills, and Certification for HVAC Business Owners
Before you can start to work as an HVAC tech, it is crucial to complete an HVAC certificate program from a particular accredited school or program, depending on which state you belong. Next, you have to get your HVAC license from the state you choose to work. You also need to pass several certification exams for all sorts of HVAC careers.
Here is a list of all types of HVAC certifications every HVAC tech has to obtain:
- EPA Type II Certification – For Servicing High-Pressure Systems
- EPA Type I Certification – For Servicing Small Appliances
- EPA Type III Certification – For Servicing Low-Pressure Systems
- Universal EPA Certificate
North American Technician Excellence (NATE): Offers professional level certifications for professionals. Areas of certification include:
- Air Conditioning (AC)
- Air Distribution (AD)
- Heat pumps (HP)
- Oil Heating (OL)
- Gas Heating (GS)
- Hydronics Oil (HO) service only
- Hydronics Gas (HG) service only
- Light commercial refrigeration (LC) service only
- HVAC Efficiency Analyst (Senior Level)
- Commercial refrigeration RC service only
The programs cited above are available for those who have interests in earning many higher credentials. You should earn many certificates now that you are planning to start your own HVAC business. Having these credentials and certifications will make you and your business more reliable and trusted.
Step 4: Make your HVAC Business More Professional
To build trust with your clients, particularly if you had just started the company, you have to take steps ahead and become more professional. Being professional involves building a website where details of your company can be seen, including what you offer, alongside a business email. You may wish to have a voicemail set up, especially if you cannot answer the phone every single time.
Dress in a shirt with your company logo and name. You can also add signage to the company’s vehicle. Doing so will help improve your professionalism.
Step 5: How to Make More Money and Attract More Customers?
In general, all business owners want to gain more money and so are you. However, it’s easier said than done. You can apply the following five cost-effective strategies to establish your company’s reputation, deal and close more sales, and build your online presence without going into enormous debt.
Increase in sales
Despite the fact that your resources are limited, spend money and time on your social media and website. Your company’s website must allow you to chat with any prospects. Also, turn to your social media to generate more leads, helping you increase your client base. Post photos as proof of your finished job and share every feedback you got from your customers. Always use that to your advantage.
Increase word of mouth
Everybody in the service industry knows the importance of customer service is. Hence, make it your priority to deliver the best possible HVAC service to your clients. Your customers will share their experiences from getting your service. Happy and satisfied customers will have nothing but great things to say about your HVAC Company.
Always remind your clients that your company needs referrals and reviews to survive.