Plumber Toronto: All You Need to Know About Starting a Plumbing Service
According to the Department of Employment and Social Development, there will be an increased demand for plumbing services in Canada for the next five to ten years. Because of thousands of residential and commercial projects being done in Toronto alone, there will be a significant increase in the demand of plumbers or plumbing services. What are the benefits and opportunities of owning a plumbing service 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. There are important things to take into consideration.
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? You need to be ready with enough money to cover the necessities of your family for the next six months up to a year. You need to have a basic knowledge, skills, and understanding how the marketing, scheduling, accounting, administration, and human resources work or at least hire experts or professionals to do these tasks for you.
Once you are set with your finances, you have to apply for permits and licenses to get qualified as a plumbing service agency or company. It is compulsory for aspiring plumbers to undergo a licensure examination to become a qualified plumber, completing at least secondary school, four to five years apprenticeship, and coursework prior to the actual examination. In order to become a full-pledged plumber, you have to undergo additional training for the Red Seal endorsement or inter-provincial certification for plumbing. 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. You also need to plan as a business and invest on computers, telephones, office furniture, GPS systems, internet service, and accounting software. You might also need a truck, van, or additional tools and equipment. While you may need to spend more on franchising fees, a plumbing service business franchise can be considered as you will carry the good name and reputation of an established plumbing company.
Once you are done with the licensing and permits, it is about time to start your marketing campaign by starting 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.