If you’re thinking about starting your own commercial heating, ventilation and air conditioning (HVAC) business, there are some important steps to take.
As long as people need air conditioning, ventilation and heating, there will always be a strong demand for HVAC businesses.
Starting a HVAC service business, like any business, comes with risks, however you can manage some of those uncertainties by following these steps:
Create a business plan for your HVAC service company
The first step is to create a business plan, which will give your business the best chance to succeed.
A business plan will help you outline your objectives, develop strategies to run your business, and plan for possible risks.
These plans can also help secure finance from banks or investors and provide a road map for you and your team in times of uncertainty.
If you need help creating a business plan, you can download this business plan template to get you started.
Consider the costs of starting a HVAC service company
Launching a new business can be expensive and the last thing you want are surprise costs that can throw your plans into doubt.
Here are some typical costs to consider when starting a business:
- Generic tools
- HVAC-specific tools
- Spare parts and supplies
- Health and safety equipment
- Marketing (advertising, website, vehicle signage, business cards etc)
- Business software (accounting, management)
Make sure your business plan accounts for as many expenses as possible and consider setting up an emergency fund for surprise bills and expenses.
Review your expertise and address skill gaps
When you’re getting ready to launch a business, it pays to review your own expertise and see if there are areas where you can upskill.
You may want to develop new skills and gain additional qualifications to offer new services to clients, as this may help your business stand out from the competition.
If you are considering training, the Air Conditioning & Mechanical Contractors’ Association (AMCA) offers accredited qualifications, short courses, workshops, webinars, and online training.
AMCA training and courses are designed specifically for companies operating in the commercial HVAC industry, so you and your business can hit the ground running.
Get the right support for your HVAC service business
Starting your own business is an exciting time — just remember that laws and standards can change quickly in the HVAC industry.
The best way to stay up to date with the latest industry developments is to become a member of the AMCA.
The AMCA is a nationwide industry body that represents and promotes businesses in the commercial HVAC industry, and provides critical information, training, and professional development.
The AMCA will support your new business, with branches in every state and territory that can help with local, tailored advice.
If you’re interested in becoming an AMCA member, learn more about our range of member benefits and services or send us a membership enquiry.