Colorado is a small business-friendly state, and we have thousands of independently-owned companies here. One of the most vital industries is the skilled trades- plumbers, electricians, HVAC specialists, and other contractors provide highly valuable services for homes and businesses across the region. The skilled trades are only expected to grow in the next several years, and these careers can be lucrative.
Many people who are finishing training programs or apprenticeships desire to start their own companies, but only a handful of those people will go on to be successful. While the demand for these services will continue to be high, it’s important to lay the right foundation, so you can stand apart from the competition.
Here are a few tips to help you launch your skilled trade company:
1. Get all your licensing and certifications
Before you ever take a job, it’s vital that all of your professional certifications and industry licensing is complete and up-to-date. This not only offers you legal protection, but gives your clients peace of mind as well.
2. Embrace modern technology
Because the trades have been around long before technology, many companies don’t see the need to jump on board with the modern digital services. However, more and more people prefer hiring their tradespeople through apps, websites, and other online platforms. Make sure you use technology that increases your visibility and response time, while protecting your customers’ privacy.
3. Continue your training
In many trades, the more years of experience someone has, the more they can charge and the more in demand they will be. If you finished an apprenticeship, keep taking steps to become a journeyman or master of your trade. Learn about newer technologies in your field, take additional classes, and consider getting more specialized certifications in a chosen niche.
4. Delegate other tasks
If you are great at fixing sinks, or laying brick, there’s no reason that you should also be great at accounting or marketing. Don’t try to do it all, and end up burning yourself out. Stick with what you love, and delegate your other business tasks to third party professionals. Consider hiring someone else to build your website, or to keep track of your financial books and taxes. Look for a certified CPA that specializes in the skilled trades, so you know you’ll be in good hands.
Want more guidance on starting or managing a business in the skilled trades? Reach out to us today at Steven J. Wick & Associates.