The NEWS asked seven of its Best Contractors to Work For contest winners to share the best business advice they’ve ever received. Each individual offered unique advice, ranging from clearly defining a company’s purpose to fully trusting in God’s omnipotence. Here for your perusal are the insights, advice, and opinions as provided by the Magnificent Seven.
The condensing unit market is on the rise. According to a report published by MarketsandMarkets, the global condensing unit market is forecast to reach $23.31 billion by 2021, growing at a compound annual growth rate (CAGR) of 11.1 percent from 2016 to 2021. And there are a number of trends contributing to this growth.
A major manufacturer recently conducted a survey of 2,000 consumers asking for their feedback on smart products. When asked about their interest in purchasing smart products, more than 60 percent of respondents said they were interested in purchasing an intelligent control for their home. Other industry data shows that actual smart home product penetration is less than 20 percent.
What if you, as a technician, could add any tool to your bag with no concern for price, brand, or market condition? It’s an intriguing prompt. And, when shared with HVAC contractors and technicians, the question brought forth plenty of differing opinions and responses.
Does brand loyalty translate to contractors’ and technicians’ preferences in HVAC tools? Perhaps there isn’t a clear-cut, black-and-white answer to that question, but contractors and technicians certainly do develop brand-name preferences, and it can be hard to change opinions once they’ve set in.
Unprecedented. Unconventional. Chaotic. Exhausting. Whatever adjective you use to describe them, the first 100 days of the Trump presidency were a crazy time for our nation. People across the country — and around the world — have watched and tried to understand the policy directions of this White House. What have the first 100 days meant for the HVACR industry and what do they portend for the future?