How To Start Your Own Plumbing Business – There are approximately 120,000 registered plumbing and heating engineers in the UK, and the vast majority are self-employed. You would think that the high level of competition would prevent people from starting their own plumbing and heating company. However, in the UK, we rely on maintaining hot water in our homes, so we are always looking for better plumbing.
Sometimes, it can seem like even with all the options, it’s hard to find a plumber who does good, professional work at an affordable price. So you might think, hey, why not you? Well, it could be. But like starting any business, there will always be a few bumps in the road.
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How To Start Your Own Plumbing Business
The heating and plumbing industry is extensive. If you’re just starting out, you may be tempted to use all your plumbing skills and do everything at once. But going overboard often results in higher costs that you may struggle to keep up with. It can take anywhere from six months to several years for a small business to turn a profit.
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In that case, it might be best for you to find your own place. Focus on what you do well, enjoy and can do effectively.
This can be anything from boiler maintenance to completing plumbing fixtures in new construction. But if you choose your niche with these three things in mind, you will be offering a high-quality product that you really love. All the while keeping your productivity high because you complete these tasks quickly and professionally.
That doesn’t mean you can’t offer other services, but your clients need to know where your strengths lie and so should you. Once you’ve established your foundation – and you’re making a profit – you can dive into new business and watch your business expand.
A good business plan means more than checking whether you have enough money to start your company and design a modern logo. That won’t cut it. Your business plan should be a comprehensive view of where your business will be going in the next months, years, and even up to ten years.
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You should have clear and measurable goals and be able to demonstrate why your business will work and what its unique selling point is. All your plans should be based on thorough market research. Your plan should include your financial resources, number of employees, their salaries, office space, equipment you need, marketing plans and all available resources. It should also describe how you plan to grow your business over time.
It is important to have a good business plan and know what areas you will specialize in before you fully commit to being a small business owner. Being a small business owner may not be easy, but it will definitely be rewarding. Perhaps, one of the best decisions you will ever make.
Condensate Pro began as a plumbing and heating engineer’s brainchild and has now grown into a company providing game-changing solutions to installers and heating companies across the UK. Our products make installation easy, quick and easy and protect customers from frozen condensate blockages. The prospect of being able to start your own business is undoubtedly a big factor that attracts many people to the plumbing industry. After gaining a few years’ experience, the UK’s high demand for plumbers leaves those with the necessary skills and qualifications in a very good position to benefit.
In fact, according to a survey conducted in the summer of 2021, next year is predicted to see plumbing become the most in-demand business, with 66% of homeowners planning home improvement work after being delayed due to the pandemic.
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A City & Guilds Level 2 Diploma is sufficient to start doing basic domestic work, although those wishing to progress to a more advanced role should consider studying for their NVQ Level 2.
To work on site and commercial projects, you will need a CSCS card as well as at least a Level 2 NVQ to work on almost any construction site in the UK.
Any technician working on gas appliances must also be a member of the Safe Gas Register.
General qualifications aside, if you’re new to the industry, it’s worth working alongside more experienced plumbers for a few years before starting your own business.
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It can be difficult to put a specific amount on earning potential, as it varies by factors such as experience and location.
However, according to Checkatrade, self-employed plumbers with good qualifications and experience can expect to earn more than £40,000 a year – a huge jump from the £33,958 average salary for a salaried plumber.
One of the best things about owning your own business is the command it allows over your time, often leading to work-life balance. It does mean, however, that you will definitely need a good level of self-control and drive, as you will be responsible for finding and managing your own work.
You will need to be patient and a good communicator as you will be dealing face-to-face with customers almost every day. Patience, flexibility and organizational skills are also very important when you are self-employed.
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There are some rules and admin tasks to check when you get up and running. Make sure your business is registered with HMRC, whether as a sole trader or as a small company. Both options have their advantages and disadvantages. For more information on which route is right for you, visit Gov.
You will also need to consider the relevant insurance policies needed to protect yourself, your customers and potentially any employees you employ.
Public liability insurance covers you in the event that a member of the public is injured or suffers property damage as a result of the work being done. Employer’s liability covers team members in the event that they become ill or have an accident at work. It’s also worth checking the specific car insurance that covers your tools.
Along with this, running your own business means you need to be able to promote yourself. Word of mouth remains a major driver of business, as do other traditional means such as car lettering and business cards. However, having a strong social media presence and a professional looking website is now also very important.
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Find out more about starting a career in plumbing from Able Skills graduate Mason, who now runs his own business after completing his Level 2 Diploma in Plumbing with us. Read his story here.
Are you interested in a career in plumbing? Already working in the industry and need a formal qualification? We have a range of courses to suit all experience levels – our team will be happy to help you choose the right one. Pop into the training center for a chat, call 01322 280 202 or ask for a brochure. Business is a very lucrative business sector and although there has been a decline in the number of people entering the industry, this number is slowly increasing. As automation and similar strategies become more advanced, younger students are making the decision to enter the field of business skills.
Plumbing is one of the most popular, as studies show that there is an increasing demand for skilled plumbers in the market. However, few plumbers put together a business plan for their work. Here are some ideas to get the ball rolling.
For starters, you can start a small “Mom and Pop” business that consists of you and a few other employees – usually your friends or family. If working as a contract employee in the plumbing business does not suit your career goals, you may choose to start your own small plumbing business. This is how you should do it.
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Obtaining a license from your state’s business licensing authority is the first step to working as a professional businessperson, regardless of the field and whether or not you want to start your own business.
This requires you to submit an application with the required fee, get approved for the exam, and then prepare for the exam. Once you pass the test, you can get a license.
If you are applying for a license to start a company, you will need to show financial stability and proof of insurance.
The next step is that you will need a truck to transport your equipment from one job site to another – using your car can get a little messy. We recommend renting a truck or swapping your car for a truck.
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Finally, once you have purchased the necessary equipment and rented a truck, it is time to set up your office. Rent a space, enter a phone number and start receiving calls. This gives your small business a reliable presence among customers.
On the other hand, if you don’t want to go through the trouble of building your own business from scratch, you can always buy an existing business.
This will allow you to get past the initial stage of starting a business and start working on an expansion strategy that will improve business performance.
The last option is to buy into an existing plumbing service franchise such as
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