Did you know that the US uses more energy for air conditioning than all other nations combined? That’s how big of an HVAC business has become.
If you’re trying to figure out how to start an HVAC business, you came to the right place. This guide will cover the key things to do:
Create a Business Plan
You will need to create a plan when starting a business, which is how you’ll show how much startup capital you’ll need. You can’t get that kind of funding without having this document in place.
A business plan should include things like:
- Kind of services you’ll offer
- The amount of money you need to get started
- How you’ll get new customers
- Your marketing strategy
- Estimated revenue
This may seem like a daunting task, but you must take the time to plan how your business will succeed.
Once you have everything written down, try going over it with someone else who has experience running an HVAC business. This way, any weaknesses in the plan will be revealed early on.
Once you have your business plan in place, it’s time to source financing. This is how you’ll be able to pay for the things that will help you get started and keep going:
- The equipment needed
- Marketing materials
- Office supplies
If possible, try not taking out a loan. There are many benefits to owning 100% of your company when starting an HVAC business from scratch.
However, if you do need to take out a loan, make sure the terms are reasonable. You want low interest and an easy repayment schedule, so it doesn’t put too much strain on your business.
Some common types of financing include:
- SBA loans for small businesses
- Capital loans
- Business lines of credit
There are many options available when it comes to how you finance your business. Do some research and find the right financing for your HVAC business.
Certification and License
There are a lot of HVAC businesses out there, so how will you stand apart?
The first step is to become certified and licensed. This shows potential customers that your business has experience in selling HVAC units and HVAC installation.
You can take these steps alone or with an experienced partner who already holds certification and licensing in place. It’s up to you how far down this process you want to go, but rest assured, consumers, notice when companies have certifications.
Another benefit to having licenses and certificates is how it will help you get financing. Banks are more likely to lend money when they see that your business is certified and licensed. This can be a great way how to start an HVAC company on the right foot.
Market Your Business
Now that your business plan, financing, and certifications are in place, it’s time to market your HVAC company. There are many different avenues available when trying to get the word out about how great your HVAC business is:
- Online marketing – Facebook ads
- Print media advertising- flyers, brochures, etc.
- Radio spots
- TV commercials
- Word of mouth marketing
There are many ways an HVAC business can promote itself. You will need to do some research into which avenue works best for what you’re selling.
If you need quality SEO services, check out this article.
How to Start an HVAC Business Right Now
Knowing how to start an HVAC business is not as difficult as it may seem. By using these tips, you’ll be well on your way to doing that successfully.
We hope this business advice was helpful. Keep reading our articles for more interesting tips and guides.