It’s sad to say, but economic uncertainty has become the norm. A bursting bubble here, a fall off the cliff there, and before too long we grow callous to even the most stimulating of stimuli. Most HVAC contracting and service companies are relatively small affairs as compared to the world of large corporate businesses, but as with any business, we need to think strategically.
At our company, Capstone Mechanical, we have used the strategy of diversification as a way to gain access to more work. Through diversification, we’ve actually tripled our business since 2008.