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  1. #1
    Join Date
    Oct 2011
    Location
    Culver, Oregon (Central OR)
    Posts
    2,674
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    Not going full blown HVAC owner yet.

    I have decided to keep working for my present employer as they are treating me very nicely $$. May last another 6 months, may last 6 years. Not sure.

    In the meantime I am going to open up a little side "water heater install" business as I have my limited oregon WHI license. Pick up a little extra income on select evenings and weekends. Think it will be a good move.

  2. #2
    Join Date
    Mar 2008
    Location
    Fuquay Varina, N.C.
    Posts
    1,051
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    Good luck with that, that was how I started a number of my businesses, went from there and lasted a number of years on my own, but as you said your current employer is treating you good that was not the case with me so as soon as I could I was on my my own!!!!





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  3. #3
    Join Date
    Aug 2019
    Posts
    1
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    When looking at starting a company from the ground up the important part that hangs most companies is the business side of things. I always say to make sure to have a good understanding of accounting and QuickBooks is a very easy program to use for a small to mid-sized company. Make sure to cover yourself with an LLC, but as you grow can start an S-Corp. Once you get that large you will more than likely have a building a few trucks. The other thing to do to adjust your tax load is to have your LLC own the building and then rent it back to your Corporation. Make sure it is not over 35% of income or it could be considered embezzlement. It also allows for another layer of protection. If something was to legally happen to the Corporation then you can start another and put back in the same shop in no time. Also when wanting to go out on your own make sure that you have 6 months of cash flow saved and if you use that up and still not getting the profit you want then you can go back to what you are making good money at.

  4. #4
    Join Date
    Sep 2015
    Location
    Ontari-ari-ari-o
    Posts
    1,776
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    Yeah I tried that too but when the calls start coming in and you are stuck working for someone else it gets really hard to do really quick.

  5. #5
    Join Date
    May 2006
    Posts
    3,680
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    post some of your installs so we can show the rest of the world how the pros do it

  6. #6
    Join Date
    Oct 2011
    Location
    Culver, Oregon (Central OR)
    Posts
    2,674
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    Thread Starter
    Quote Originally Posted by pctech View Post
    post some of your installs so we can show the rest of the world how the pros do it
    Hell, I may even install a proper sediment trap. Lol.

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