Plumber Toronto 2018: How to Start a Plumbing Business
In the next five years, Canada would be needing plumbing services and the demand for plumbers will significantly increase according to the Department of Employment and Social Development. Plumbing services or plumbers will be in-demand because of thousands of residential developments in Toronto alone, along with public and commercial projects. But what are your chances of owning a plumbing company? If you’ll browse the Internet, you’ll find a lot of search engine results for professional plumbers, including single practitioners and unqualified plumbers, franchises and cooperatives. You have to consider several factors before starting a plumbing service.
If you have finally decided to put up a plumbing service, you have to prepare enough capital to start your own plumbing service agency or company, and you may need the support of your family or a trusted and reliable funding source. You have to be ready to dedicate your full time managing your plumbing business because you also need to work not just on the plumbing services but also on the business side of things. Are you ready to face all the financial matters associated with starting a plumbing service? For the next six months up to a year, you should be prepared with enough money in the bank to cover your family’s necessities. You need some expertise in finance, accounting, administration, advertising, scheduling, and human resources, or at least you need to hire professionals to do the job for you.
In order to get qualified as a plumbing service provider, you need to apply for permits and licenses. Remembear that all areas would require at least secondary school completion certificates, four to five years apprenticeship, and coursework prior to licensure examinations. It is crucial to undergo the inter-provincial certification by taking additional training for the Red Seal endorsement. It is also important to arrange the other requirements for a plumbing service company as early as possible including construction bonding, municipal licenses, tax collection, and liability insurance. A part of your investment is dedicated to purchasing computers, telephones, GPS systems, office furniture, internet service, and accounting software. You need to also consider expenses for additional tools and equipment as well as service van or truck. While there are franchising fees involved, a plumbing service business franchise can be a good option because you will carry the good name and reputation of an established plumbing company with loyal customer base available.
After licensing and obtaining permits, you can start your marketing to get clients by investing on a website, business logo, and passing your number or business cards with your local affiliated trades such as general construction firms and HVAC service companies. If you want to know more about starting a business from your home, feel free to visit our homepage or website today.