In 2009 under President Barack Obama, the economic stimulus package of 2009 was signed into law. Egg Geo was a regional engineering and contracting company in the southeastern United States with robust business in our central Florida offices.
I never started my business with the intention of selling it. In 2005, I started Hornback Plumbing with three employees, and I started the business because I loved plumbing. I have a son who works with me, and I’ve always wanted to pass the baton to him.
Most construction contracting businesses, including plumbing and HVAC companies, are required to secure licenses before they are legally allowed to work in many states. However, the laws and requirements for licensing vary from state to state. One common condition of obtaining a license as a plumber or HVAC technician in most states is to secure plumbing or HVAC bonds. These bonds are required by various states to protect consumers and the state from potential losses caused by an HVAC technician or plumber. Here is some general information about the process of becoming licensed and bonded for plumbing and HVAC contractors.
Because plumbing is one of the most essential building systems, demand for plumbers and excellent plumbing work continues to skyrocket. There are currently more than 480,000 licensed plumbers in the U.S. — a number that is expected to increase by nearly 16% over the next three years to meet current shortages.
The plumbing industry is a stable industry. There is never a shortage of people who need plumbing work on their homes, businesses or apartment complexes, and this constant demand makes owning your own plumbing company an appealing opportunity for many prospective buyers. However, starting your own company from the ground up can be difficult.
Recent LinkedIn studies show that more than half of the workforce is open to exploring new employment opportunities. That means there is a good chance that as you read this article, you have people assessing their employment options in your company.
It was August 2019 when I was last published in PM magazine. I wrote about the failure of cast iron soil pipe, which now has customers often waiting two weeks or often longer for a plumber. As the plumbing instructor at Ultimate Technical Academy, the administration is adding classes to accommodate the need for plumbers as quickly as possible.