In this episode of Trade Talk, Tommy Cue talks with Jeff Scott from Atwood Rentals HVAC. They spend time talking about how Jeff went from being in the military to the VP of Sales at Atwood Rentals HVAC. They also get into how the rent-to-own HVAC space fills the gap for many HVAC contractors whose customers may not have the financial means for a new system.
Whether you're beginning a new chapter in your entrepreneurial career or extending the longevity of your HVAC or plumbing tenure, buying an existing business can be a good step in the right direction. But with the market at a competitive high, it can be challenging to determine which company is suitable for acquisition.
After pouring years of hard work into your plumbing or HVAC business, selling it can bring on a whirlwind of emotions. It’s an exciting time, but a nail-biting one for sure—how do you market your value? How will you exit the business?
Whether you’re looking to extend the longevity of your brand, improve cash flow, or make your company more attractive to buyers in the future, you’ll want to begin by increasing the value of your HVAC or plumbing business. In our latest series, Buying, Boosting, and Selling: A Beginner’s Guide to Business, we’re sharing the top insider secrets for kickstarting a profitable trade company.
In this episode of Trade Talk, Tommy Cue talks with Jimmy Hiller from Hiller Plumbing, Heating, Cooling, and Electrical. They spend time digging into how Jimmy got into the HVAC industry and how he's grown his company by taking risks, offering back to the community, and offering outstanding customer service.
Houstin Engstrom joined the team in January of 2018 during the first wave of expansion. Houstin’s original territory was the city of Phoenix, a portal that he was able to grow and make significant progress in. Riding the momentum of a great year in 2018, Brett expanded Houstin’s responsibilities to the full state of Arizona for 2019.
As with any successful business, proper financial management is key to your HVAC or plumbing company’s overall strength and longevity. Unfortunately, many small businesses fall victim to financial hardships due to mismanaged bookkeeping, incorrect tax filings, and all-around faulty business decisions. To nip any financial issues in the bud, you may consider investing in an accounting firm’s guidance.
As a contractor, you know firsthand that hefty install and repair bills can be a homeowner’s worst nightmare. When you finish the job, and your customers are in a better state of mind, you may want to consider offering an extended warranty plan to prevent future frustrations. Unfortunately, many warranty plans lack the necessary service and reimbursement coverages, resulting in an even larger headache for contractors and customers.