Even without the administration passing much new legislation concerning contractors, there are already a number of HVAC regulations that contractors need to keep in mind this year. Some have already went into effect while others will be rolling out soon.
While the busy season can be stressful for HVAC contractors, it’s also a moneymaker. As a result, some companies go so far as to black out the summer months and highly discourage, or even restrict, employee vacations at this time.
Even contractors who are diligent about training their teams often overlook their own personal training needs. Make sure you look for personal training opportunities to become a better business person, manager, and leader. Shore up your areas of weakness, whether it’s marketing or finance.
When Todd Morgan decided to start a mechanical contracting firm, he had only $10,000 cash in his pocket and no line of credit. He’s the first to admit that this is way too little to be starting a mechanical contracting business.
One common source of declining system performance lies in a unit’s coils. The NEWS recently talked with several industry leaders who shared their experiences, coil troubleshooting tips, and best practices to help identify and fix foiled coils.
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.
Whether you focus on HVAC, plumbing, or another contracting specialty, you got into the contracting business because you wanted to be your own boss and love what you do. If you lose focus, worry about accountants, and stop thinking about what you are good at, you can fail. Adding effective habits will help you determine your strengths and weaknesses.