Why YOU Shouldn't Start Your Own HVAC Company | Let Me Explain...

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One thing I hear all the time is how people want to run their own HVAC company. So, that got me thinking. Is everyone fit to run their own business?? Let's talk about it. Hope you enjoy the video, LET'S DO SOME WORK!!

#skilledtrades #hvacrepairs #business

[HVACGUY]

What really helped me was starting out with a good lawyer, insurance agent, and accountant as part of my team.

[davidmcnally]

I've been a licensed hvac mechanic for over 25yrs and in the last few years I've been doing my own work. Running your own business is very hard but at the same time it's rewarding I'm 53 years old and I want to enjoy the rest of my life not killing myself for someone else to ride around in a 80.000 truck and go on vacations unfortunately people that have their own business think that their the only one's that deserve to make all the money what I think should happen is HVAC companies start paying their guys better and give them incentive programs because even at $35 an hour bringing home $1, 000 a week after you just meet someone roughly 15 to 20 thousand doesn't add up I understand that the company has over head but I believe that your employees would work harder and more productive if they felt that they were being paid well

[Pskawt]

I started my own gig in August 2020. Im a plumber/gas fitter. I do heating. I agree that it’s very challenging. One of the hardest things is staying motivated after you get a few big jobs in the record books. You get a little comfortable & there isn’t anyone telling you to go to work. It takes constant self discipline. So rewarding though!!

[itchierichie]

I’m starting my own company in January. My wife said to me “ This is great, you’ll be home more, work less and make more money” lol. I was like nope that’s not how it works for it to work. Going to be working a lot more, this not going to be a walk in the park by no means. But hey I got several duct jobs lined up already, I’m excited

[americantraditionaldad]

My mentor is a GC of 27 years. He ran all that time contracting and subbing with other contractors. His biggest advice for me getting into it was to become a GC and to use the technology to systemize because the truth is you can work less if you have smarter systems and keep yourself organized, he also said if you run "lean" meaning don't buy everything brand new you don't have to earn as much to be in the black. Finally he said be a true Capitalist and in times of surplus build your brand. These are just things I've absorbed, there are a few ways to do it right but they all take the same things discipline, focus, and persistence!

[charlescope]

Lots of good advice in the video and comments. My best advice to new business HVAC owner is:
Treat your customer like you would like to be treated.
Be honest and trustworthy and do your best work always.
You don't have to be the cheapest just fair.
The work will come and not all work is good work.
Start by paying yourself cause later you have to pay someone else to do it.
Keep up with your paperwork (Taxes, Bank Accounts Supply Accounts)
Pay your employees or sub-contractor like you would like to have been paid.
Keep learning!!
The first 3 to 5 years are normally the hardest but prepare for the unexpected (911 War COVID)
Set time aside for yourself and stick to it.
Good Luck.

[XenoWiz]

I love how you brought your son with the lecture. Great dad! Teaching them young is the key!

[tennesseehvac]

Thanks for the the videos! I started watching your videos when I began HVAC/R school. I am finished now and have learned so much from you. Thank you very much. When I started this journey all I knew about HVAC was that there was a big fan that sat outside (condenser) of the house on the side or back. And I knew you could have gas or electric heat... THATS IT! Thanks and God Bless.

[khamawoodley]

I think managing finances is a major key, but coupled with that, you got to love what you do and do it well enough that it has a positive impact on you and then your clients- I think understanding some principles of psychology is VERY important.

[zeph]

That is correct Zac, if there is something that I emphasized to my students, it is that, before entering the area of ​​AC, they learn to manage what they receive in the job they are currently in and some with a low salary. and, that the company owner works much more than as an employee. 100% agree

[dolwhinhooks]

Thanks for another great Video! I started my own company end of 2019 and still working full time but I try to soak up as much knowledge as possible, the tips you give are realistic. Thanks again @Quailty HVACR

[josecornell]

Great video. I got to see my dad struggle in business. He definitely had some great years. He did it differently from you. He wasn’t in a truck taking service calls, installing new equipment, or YouTube. He liked to have technicians out in the field and doing heavy commercial projects. It was difficult for him to do the estimates, project manager, pay roll, look over contracts. I never wanted to be involved in the HVAC industry. Took the college route. No debt but no job offers. I came back to the trade and plan on opening my own shop. I wish you would of went more in detail how many companies are in business today. It’s not difficult for technicians to jump from techs to business. It does take a different type of individual to have a business. It also depends on a technician. A top chiller tech, refrigeration equipment technician, controls technician will rather work for a top company.

[diyhvacguy]

What’s up man!! Love your content. I’m actually from Murfreesboro myself. My mentor taught me everything I know so I started my own business here in Salt Lake City Utah. I take for granted all the knowledge he imparted sometimes, but I’m always learning and adapting. Thanks for sharing your skills with everyone! Cheers

[jeisonmiranda]

I have only 8 months and is not easy but I went for and I love it. I will recommend sprayed you name with people the you know and neighbors. I was one of the best install in the company for 11 years I know service to and I got my license and I went for it. I work hard almost every day, no weekends only emergencies .

[Review-This]

As a hvac estimator in Arizona it makes no since to own a Business when I’m able to work 5 days a week no on call hours and makes $250k-$300K a year selling 2.5-3 Million in sales.

[HVACinthe]

I could write a book about what I would do differently.

Chapter one would be: only plan on working 18 hours in the field per week. The rest of time should be in the office doing marketing, operations, bookkeeping.

When you start off doing 60hours in the field, and you get overwhelmed and think your ready to make your first hire, you will experience lots of pain.

[prestigemechanical]

When i worked for son one else I was working up to 70 plus hours a week, working for myself is a lot easier. Yes you have to do it all but my previous employer made us do it all basically. Managing your money is huge huge HUGE ! It’s all about wants and needs, is it a want or a need.

[thinredline]

I love owning a business. Especially when people walk by and they see a young man like myself doing carpentry work. A man, contractor or construction guy. I love it. I do want to start my own HVAC business in accordance to my already started small business, and hopefully one day, something bigger get my contractors license through the state here in Texas. May go work for another company just for experience and learning a little bit of what you can’t learn in school and then go out and do it on my own.

[jadfaris]

I'm freelance. Made 175k this year.. my first year.. and had poor (very poor) money management. This year will be different. Thanks for all your good advice. I sometimes disagree with you, but not very often. Just started watching your videos a week ago. Keep it up bro. Louisville ky hvac here.

[Thomas-wncl]

As a tradesman for a couple decades this is my observation: if a tradesman does not want to get tossed out like trash when they get old, then they either need to eventually work for themselves or through a union. Otherwise, it is just back breaking work for not enough pay to ever retire, and it is likely your body will be played out when you are in your 50s. So you can only retire and comfortable provide for your family by either making substantial money working for yourself or getting a retirement through a union while still making a decent buck. Union work seems less every year and not in every area, so working for yourself might be the only option. The trap is working for someone else your entire career non union for what seems like a decent buck. If you do not want to work for yourself and no union is available, I would consider state work that has a pension.