Are you ready to be your own boss?
For countless technicians in the HVAC industry, setting off and starting a fresh business is a major draw — and with a strong, $88 billion dollar market waiting, it’s not hard to see why.
But what does it take to start your own HVAC business? Here’s a brief overview of what you’ll need to consider, how much investment you’ll need to make, and some of the best options for success in this growing service industry.
Getting Started in the HVAC Industry
Before getting into the nuts and bolts of starting your company, you need to do a major assessment of not only your business goals, but what you personally can bring to the table.
- Assess your own experience
Ask yourself: what are you truly great at? This is a good place to start when you begin to consider what services your HVAC Company will offer. Remember, you may be up against a lot of competition depending on your locality, so specialization could be a very smart move.
- Learn about local certifications, regulations, and customer expectations
State and local regulations vary by location, and you will need to comply with all necessary codes to do business depending on your specialty. The EPA 608 certification is a must-have for A/C techs, for example. Further, your customers will expect high levels of certification and training — particularly if there’s a lot of local competition — so stay in the game by meeting and surpassing competitors.
- Connect with your community and potential leads
Customers aren’t the only partnerships you should be looking to make. Connecting with organizations such as construction firms can secure you long-term and highly profitable service calls and contracts.
- Determine your startup budget
It’s no secret that starting your own business requires a significant overhead investment. Whether it’s a small business loan or personal savings, investing in a business involves a certain degree of risk. Personal investment for starting an HVAC business currently range from $2,000 to $10,000 and far above.
Maybe you want to take advantage of the extremely favorable market, but you don’t have a lot of business experience. Perhaps you have some knowledge of sales, but none in marketing or budgeting. Fortunately, even if you’re not an ace in every single aspect of owning a business, you don’t have to give up on your hopes of owning an HVAC business.
Franchising offers prospective business owners the ability to harness all their own industry expertise to start a business, even without years of management experience. For over 20 years, Aire Serv has offered stellar experiences to both franchisees and their customers — so much so that the company enjoys a solid ranking as a Franchise 500 member. With franchise support from the Dwyer Group, Aire Serv owners operate with a proven business model, invaluable marketing resources, budgeting tools, and more.