If you are an HVAC contractor looking to go into business for yourself, or you are just an entrepreneur looking to start a company that is sure to get steady business, then you are possibly considering starting up an HVAC company. However, do you know what HVAC business requirements you need to meet in order to serve customers? Keep reading to find out X criteria you are going to likely need to meet.
1) Adequate insurance: HVAC work or repairs gone wrong can mean restoration costs ranging from hundreds to tens of thousands of dollars worth of property loss and structural damage. If a business is not fully or properly insured and makes a mistake they do not have the financial resources to cover, then the consequences could land hard on the homeowner or commercial client getting the service. Government laws may thus mandate that an HVAC company be insured to protect local citizens.
2) Proper licensing, accreditation, and certification: The actual professional standards that each employee of an HVAC company or business must meet varies, often at the state level. However, not every employee of the business must have appropriate HVAC training, as anyone just working the office does not serve that role. Any employee sent out to consult, diagnose, or work on HVAC issues though must meet these standards.
3) Appropriate tools, equipment, and supplies: In addition to your HVAC technicians having the right education, training, and formal recognition, the hardware they use must meet regulatory standards and be legally compliant. Many materials and some tools are phased out over time or eventually banned due to reasons ranging anywhere from being environmental hazards to health risks to too damaging on property. The good news is that many older tools are still acceptable, and can often be found at a discount. However, many clients might be looking for businesses that have cutting edge technology and even ‘green’ techniques that help the Earth out a little.
4) Business registration: This one is not HVAC-specific, but you do have to have a business license or registration of some form. Along with that comes the proper protocols and paperwork for everything from bookkeeping and tax collection and payments to human resources and labor contracts.
5) People: You might not think of actual humans as a criteria for running an HVAC business, but without employees, you can not run the business, and without customers, you can not have any revenue or income to operate the business. Fortunately, there are many HVAC contractors looking for work and there are always property owners or managers needing their HVAC systems serviced or repaired.
The specific and actual criteria and business requirements you have to meet as an HVAC business are going to vary at the municipal and state levels, so check with the departments and agencies of your city, county, and state executive branches that handle such matters to know exactly what you have to do to operate a business in your community.