Plumbing is a very competitive trade. If you want to be successful in running your own plumbing business you need to make sure that you have all of the right skills, priorities and marketing in place. You should aim to at least break even in the first one to two years of trading, although it’s obviously beneficial if the business becomes profitable as soon as possible.
In this article we are going to take a look at three of the top tips you should pay attention to if you want to make a success out of your plumbing business. Hopefully, these tips will help to make the process a little easier for you.
Know the plumbing trade
If you are working in the plumbing trade, and want to set up your own business, like the Plumbing Detectives, you should not try and do so too early. If you are going to make a success of your business it’s a good idea to have as much knowledge as possible of the industry, and as much experience in the world of plumbing, as possible. If you get this expertise and experience before you have to cope with the stresses of being a business owner it helps to take some of the pressure off.
Do not forget you are a business owner
Once you have made the leap to becoming the owner of a plumbing business you need to make sure that you are a business owner first and foremost. You should not forget that you are employing other people to complete the hands on plumbing tasks. While it’s important for you to have good plumbing knowledge, as we have already discussed, it’s also important to distance yourself from the physical work.
You should concentrate on the everyday tasks of running a business, such as business planning, budgeting and marketing. If you do not do this you will find you lose the control you need to run a successful business.
Attract and engage leads
You are never going to have a successful plumbing business unless you have a customer base that is satisfied and continues to expand. This is where good marketing comes in. It’s surprising how many plumbing businesses do not have a website. You may think you can just rely on word of mouth for your business, but having a good website is vital for any small and medium-sized enterprise (SME). It’s also important to keep customers engaged once you have attracted them. A good way to do this is to offer discounts to returning customers. You may also want to consider offering incentives for referrals.
It’s not easy to give up the security of a regular income to start your own business. It can be a nervous time; but you can make life easier by being organised in how you run the business. Hopefully, the tips we have provided in this article will help you to do this.
