With the current state of the job market, it’s been quite a challenge for HVAC and plumbing business operators to attract and retain quality employees. It’s been equally challenging to maintain ongoing customer demand without a strong team of employees, causing friction in the quality of services.
For the past year and a half, the COVID-19 pandemic has created a rollercoaster of operational disruptions that no one saw coming—including HVAC and plumbing business operators. However, despite a brief reprieve in cases across certain areas, the recent resurgence of the Delta variant has led to spiking case numbers and location-specific shutdowns that indicate this pandemic isn't going anywhere any time soon.
As the world continues to navigate the ongoing impacts of the COVID-19 pandemic, countless job sectors now face intense labor shortages. However, the HVAC and plumbing industry had already experienced labor shortages before the pandemic began. COVID-19 just made it more challenging for companies looking to hire in this industry.
Many family-owned businesses are successful because they can balance family issues with business relationships. Sometimes that's easier said than done, right?
Behind every successful HVAC and plumbing business is a team of solid technicians. As competition in the HVAC and plumbing industry continues to rise, individual business success will not only rely on the superior work of your team but on how well you continue to manage them. To take your business to the next level, try taking your business management approach to the next level, too.
If you've thought about selling your HVAC business, then you don't want to miss this episode of the three-part series of the Trade Talk podcast. Brandon Bolen from Live Oak Bank and Patrick Lange from Business Modification Group breaking down what HVAC owners need to do to prepare their business if they want to sell. They offer advice on how to boost the value of a business to ensure a seamless process.
Make sure to listen in and don't forget to catch
part 1 on selling your HVAC business
part 2 on funding when buying an HVAC business
If you've thought about buying an HVAC business, then you need to catch part two of this three-part series episode of the Trade Talk podcast. Brandon Bolen from Live Oak Bank and Patrick Lange from Business Modification Group are digging into the process of buying an HVAC business and answering the questions you may have if you're looking to buy. Make sure to listen in and don't forget to catch part 1 on selling your HVAC business.
If you've thought about buying or selling an HVAC business, then you need to catch this three-part series episode of the Trade Talk podcast. Patrick Lange from Business Modification Group and Brandon Bolen from Live Oak Bank are answering the questions many of you have regarding this topic. Watch all three parts to learn about the ins and outs of buying, selling, and funding an HVAC business.
With the peak season ahead, HVAC and plumbing businesses can expect an uptick in service calls. Before long, customers will be cranking their air conditioning, pools, and sprinkler systems back on. So, there’s no better time to make sure your company’s vehicle fleet is appropriately managed and ready for any upcoming job.
Throughout the COVID-19 pandemic, HVAC and plumbing company operators have had to adjust their business practices drastically. Standard business practices, including customer payment methods and in-home technician protocol, have all shifted to maintain ongoing operations. While some of these changes may have seemed temporary at first, many are beginning to realize that most of these new practices are here to stay.
