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  1. #1
    Join Date
    Jun 2012
    Posts
    10

    Confused Should i open my own business in this economy?

    Hi, so i have been in the trade for roughly 9 years and have finished hvac/r trade school. At this point i have switched jobs 4 times and have a good broad knowledge of the hvac field but i am getting tired of working for companies that dont want to pay well and treat there employees like dirt. I like the trade and enjoy working with customers and making sure that they are taken care of. At this point i am debating whether i should step off the deep end and open my own business or am i better off sticking with my current job which isnt to bad im just getting tired of working for someone.... Give me your opinions please is the grass greener on the other side? How did you start out on your own? where did you find work? Thanks

  2. #2
    Join Date
    Apr 2012
    Location
    winnipeg
    Posts
    1,330
    I own my own company... took a partner in a few years ago to get into residential... used to be 20 % residential now its almost 60% ... we are very busy... some days I wish I was just a tech .. other days I am glad I own the place.... either way its still a job....
    it was working.... played with it.... now its broke.... whats the going hourly rate for HVAC repair

  3. #3
    Join Date
    Jun 2006
    Location
    SW MO.
    Posts
    5,201
    don't own a business, bu if you're going to do it, nows a good time when it's getting hot out. Sell some service agreements to carry you thru the slow periods
    Discipline your child so that other parents don't have to.

    We're awl pawthetic and kweepy and can't get giwrls. That's why we fight wobots.

  4. #4
    Join Date
    Jun 2012
    Posts
    10
    At this point I either work hard for someone or myself I'm pretty sure I can get a job working for someone anytime. The more I let the idea marinate in my head the better it seems I don't expect money to fall off trees for me it never had but u live once and I'm young enough that I can afford to start over. That's just my opinion. I want to do thing right not stupid that why I'm asking. any help is apprEciated.

  5. #5
    Join Date
    Apr 2012
    Location
    winnipeg
    Posts
    1,330
    well when pay day comes and I sign 25,000 worth of checks it makes me squirm a little
    it was working.... played with it.... now its broke.... whats the going hourly rate for HVAC repair

  6. #6
    Join Date
    Jun 2012
    Posts
    10
    I'm considering a owner/operator setup keep overhead low and helper as a ride along. I don't know if I Want to have employees I know of guys that have the same kind of setup and do quite well for themselves they do work there butts off but take 4 vacations a year and have the unlimited luxury of spending family time with kids whenever they please.

  7. #7
    Join Date
    Apr 2012
    Location
    winnipeg
    Posts
    1,330
    forget about that...
    it was working.... played with it.... now its broke.... whats the going hourly rate for HVAC repair

  8. #8
    Join Date
    Jun 2012
    Posts
    10
    *carmon

    Why?

  9. #9
    Join Date
    Apr 2012
    Location
    winnipeg
    Posts
    1,330
    no employees freezer down ...who fixes it.... your on holidays....
    it was working.... played with it.... now its broke.... whats the going hourly rate for HVAC repair

  10. #10
    Join Date
    Nov 2001
    Location
    Seattle, WA
    Posts
    7,756
    Never had a reason to say this...but if you are in the US I'd wait to see who wins the election. In the mean time I'd use this time to prepare for opening up your own company. And I mean working the figures realistically, figuring on how you are going to get business and what kind of business you can excel at.

    Once all that is figured out double the figures you came up with for costs of the first year at least. And reduce the income by half that you have calculated and see where that puts you.

    But wait. See if opportunity returns back this nation. If not hold on to all the cash you can.
    "The American Republic will endure until the day Congress discovers it can bribe the public with the public's own money.
    - Alexis de Toqueville, 1835

  11. #11
    Join Date
    Sep 2002
    Posts
    4,970
    4 vacations a year and have the unlimited luxury of spending family time with kids whenever they please.



    YA RIGHT ........ Guess I missed that part of being in business for myself

  12. #12
    Join Date
    Jun 2006
    Location
    SW MO.
    Posts
    5,201
    Quote Originally Posted by carmon View Post
    no employees freezer down ...who fixes it.... your on holidays....
    If he's an employee, the boss sure ain't going to fix it.
    Discipline your child so that other parents don't have to.

    We're awl pawthetic and kweepy and can't get giwrls. That's why we fight wobots.

  13. #13
    Join Date
    Aug 2005
    Location
    iowa
    Posts
    1,649
    i think a couple of things to think about are.

    can you price jobs correctly?

    do you know how to size correctly?

    do you understand the code books?

    reflect on yourself over the next few weeks. how often do you call someone for help? (like another tech) can you honestly fix the problem all of the time? remember if you cannot fix the customers problem they will find someone who will.

    as far as vacations, i suppose alot of it depends on the type of work you do. if you only do installs and dont plan on doing any service you could probably get away with vacations. but if you are by yourself and do any service, every call not taken is a customer lost. i would think as a startup company you would probably work you butt off for at least the first 2 years before you are able to hire a guy... remember you gotta have the work. they wont stick around if they dont get a paycheck.

    personally i do a good mix of refrigeration, hvac and foodservice.. its rare to not have at least 1 after hours call.


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