This Week in Business Development – Plumbing and Plumbers

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The demand for professional plumbers has been on an upward trend as more buildings, homes, office spaces and other strictures come into being. The best professional satisfaction anyone can derive when running a private company and being in charge of key operational and financial decisions. In plumbing, your success is determined by the target market you curve out as well as how well you plan to roll out. Furthermore, where you set up the office the proficiency of your employees will either help build or break your plumbing business development.

Plumbing can be a lucrative business, but only if you follow a solid business development plan.

To be allowed to start any plumbing business, you must first obtain a plumbing license. There are some legal forms that you have to fill to granted an operational license. There is some documentation that you should provide for verification before the license is awarded. Please note that the legal requirements vary from one state and country to another. For instance, a Phoenix Plumber will have different requirements than a NYC Plumber, etc.  Contact the relevant authorities in your area to find out what applies to you. In most cases, you must be a qualified plumber to be granted a license.

Once you obtain the license, you can now look for an office space to rent. If you are starting off on a tight budget, you don’t have to worry so much about the office as plumbing is a job that is done on site. What you have to do is to look around for the relevant equipment, then start your operations from home. Most of your transactions are likely to be conducted over the phone or email, and you may not find an office necessary for a start but a strain on your budget.

With the license issued, an office in place and the relevant equipment in bought, your next stage is marketing. You should note that this is a very competitive industry, and you have to stay ahead of the competition to make it. You are likely to meet most of your clients through word of mouth. To boost the number of referrals, see to it that the services that you offer to your clients are top notch and at favorable costs.

There are several benefits the owner of plumbing business reap after his or her plumbing business development.

  • Revenue – an experienced plumber can allocate resources to sustain the business by planning how much work to undertake to generate sufficient revenue; it gives complete control on how much to charge per project, plan the schedule for job completion and schedule delivery of supplies, etc. By knowing well in advance the amount of funds needed to run the business, it also provides time for a break when required and going back on the job after the break.
  • Plenty of customer interaction – there is one-on-one dealing with every customer, preferably if operating in the same locality, which gives plenty of time and scope to take on projects, understand homeowners’ requirements, plan the project well factoring in local conditions like weather, etc., thereby helping the business grow well.
  • Independent work timings – If a plumber is contracted to jobs or projects that are ongoing, then there is not much option for flexibility in working hours. However, a self-employed plumber can accept projects and factor in flexibility regarding the number of days or hours of work depending on other circumstances.
  • Scope for expansion – an individual plumber has a better option to hire new extra hands if needed, on the temporary or permanent basis, depending on current and future projects. As he gains experience in handling the business, there is plenty of scopes to diversify into related fields of work and update himself on the changing technologies and emerging new practices. This way, he can also delegate work and groom the best employee for a larger role in the business

Please stay tuned for more issues of our “This Week in Business Development” series!

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