Once those initial goals are reached, it is necessary to define new goals. If ownership was the goal, now that you are an owner you have to decide how far in this endeavor you would like to go. What volume of business and management responsibilities are you reaching for? If you are happy being a one-man shop, then instead of focusing on growing your business, it might just be time to concentrate on improving your skills and certifications. Maybe you are interested in being a 10-man shop or perhaps a franchise. The more I work in the industry, the more I am convinced that it doesn’t really matter how large your company is, there is room for you in the diverse HVACR market. Cue the bigger is better and much more reliable argument in the background. Of course there are some crooked one-man shops with terrible business practices giving other HVACR contractors bad names, but there are crooked multi-million dollar shops operating under the same crooked practices as well. Bigger is not always better.
There are tradeoffs to every level of being an HVACR contractor, so you have to ask yourself, “Just how much success can you handle?”