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How to Start a Plumbing Business | Free Book PDF Download

Starting a Plumbing Business

 

How to Start a Plumbing Business - Free Book


Are you considering starting a Plumbing Business? if yes, you'll find this free book to be extremely helpful.

This is a practical guide that will walk you step by step through all the essentials of starting your business. The book is packed with guides, worksheets and checklists. These strategies are absolutely crucial to your business' success yet are simple and easy to apply.

The Single Most Important Ingredient for Business Success

The first and most important thing you need to acquire in order to succeed in a small business is... knowledge.

Sounds exaggerated? Listen to this...

According to research conducted by Dun & Bradstreet, 90% of all small business failures can be traced to poor management resulting from lack of knowledge.

This is backed up by my own personal observations. In my 31 years as a business coach and consultant to small businesses, I've seen practically dozens of small business owners go under and lose their businesses -- not because they weren't talented or smart enough -- but because they were trying to re-invent the wheel rather than rely on proven, tested methods that work.

Conclusion: if you are really serious about succeeding in a business... If you want to avoid the common traps and mistakes... it is absolutely imperative that you acquire the right knowledge.

"Why Invent Mediocrity, When You Can Copy Genius?"

That's an excellent quote I picked up from a fellow business owner a few years back. What this means is that you should see what is working and try to duplicate Printing Business. Why go through all the trouble of inventing something new, that you don't even know will ever work, when you can easily learn from and duplicate something that has been a proven success?

[ Note: One of the BIGGEST mistakes almost all new businesses make is that they WASTE tons of valuable time, energy and money on trying to create something "new", that has never been tested or proven... only to find out later that it was a total loss. Don't make the same mistake! ]

Hi! My name is Meir. I'm the founder and president of BizMove.com, a successful internet based information business. I'm also the author of numerous books, mostly in the area of small business management.

I've been involved in small business for the past 31 years of my life, as a business coach, manager of a consulting firm, a seminar leader and as the owner of five successful businesses.

During my career as a business coach and consultant I've helped dozens of business owners start their businesses, market, expand, get out of troubles, sell their businesses and do practically every other small business activity you can think of.
You see, I have been there .... done it ... and bought the Small Business t-shirt! -- This free book contains techniques and strategies I've learned during my 31 year small business career.

Here's what you'll discover in the 'How to Start a Printing Business' book:

How to determine the feasibility of your business idea - a complete fill in the blanks template system that will help you predict problems before they happen and keep you from losing your shirt on dog business ideas.

A detailed manual that will walk you step by step through all the essential phases of starting your business

A complete business plan template. This fill-in-the-blanks template includes every section of your business plan, including Executive Summary, Objectives, SWOT Analysis, Marketing Analysis and Strategy, Operations Plan, Financial Projections and more (a similar template is sold elsewhere for $69.95).

All this and much much more.

Success Tip: Setting Goals

Good management is the key to success and good management starts with setting goals. Set goals for yourself for the accomplishment of the many tasks necessary in starting and managing your business successfully. Be specific. Write down the goals in measurable terms of performance. Break major goals down into sub-goals, showing what you expect to achieve in the next two to three months, the next six months, the next year, and the next five years. Beside each goal and sub-goal place a specific date showing when it is to be achieved.

Plan the action you must take to attain the goals. While the effort required to reach each sub-goal should be great enough to challenge you, it should not be so great or unreasonable as to discourage you. Do not plan to reach too many goals all at one time.

Establish priorities. Plan in advance how to measure results so you can know exactly how well you are doing. This is what is meant by "measurable" goals. If you can’t keep score as you go along you are likely to lose motivation. Re-work your plan of action to allow for obstacles which may stand in your way. Try to foresee obstacles and plan ways to avert or minimize them.

Click here! to download your book for free (PDF version)

Here're other free books in the "how to start a business" series that may interest you:

Agriculture Assisted living Auto repair Bakery Bar Beauty salon Bed and breakfast Bookkeeping Boutique Bowling alley Carpet cleaning Car wash Catering Cattle farming Charity Cleaning Coffee shop Computer repair Construction Consulting Convenience-store Cupcake Daycare Dental Dog daycare Ecommerce Electrical Embroidery Engineering Farm Fashion Film Financial advisor Fitness center Flower-shop Food Food truck Franchise Frozen yogurt Furniture store Gas station Goat farming Grocery store Gym Hairdressing Hair salon Ice cream Insurance agency Interior design Internet Internet cafe IT Jewelry Landscaping Laundromat Laundry Law firm Magazine Manufacturing Microbrewery Motel-hotel Music Nightclub Nonprofit Nursery Online-retail Photography Pizza Plumbing Poultry farming Preschool Printing Private investigator Pub Real-estate Resort Restaurant Retail School Security company Service Software Spa Sports-bar Startup Supermarket Travel agency Trucking Vegetable-farming Website

Here's a Sample 'Executive Summary' for a Plumbing Business plan:

COMPANY NAME is owned by INSERT NAME who has over 30 years of experience in the plumbing industry.   The company is a small privately-owned plumbing company headquartered in Honaunau, Hawaii operating from the residence of INSERT NAME.

The owner of COMPANY NAME, INSERT NAME is very involved in the community by making financial donations or services to the:

  • Food Bank of Hawaii
  • Neighborhood Place of Kona
  • Onizuka Space Center
  • Kona Community Hospital Fund
  • Konaweana High School / Football Team
  • Elk's Club of Kona
  • Lyon's Club of Kona
  • West Hawaii Men's Golf Club
  • Pop Warner Marlon’s Football Club
  • Kona Christian Church
  • Boy Scouts of Kona
  • Operation Smiles

Location
INSERT ADDRESS
Phone:
Email

The location sits on an acre of land with 1200 sq. ft. of office space and 10,000 sq. ft. of space for equipment storage and garage space for vehicle storage.

The Company
COMPANY NAME has provided plumbing services for the big island of Hawaii (also known as Cooks Island) for over 10 years.  The Company was started to take advantage of the perceived weakness and inadequacies of other regional companies in terms of quality and customer satisfaction.  COMPANY NAME has maintained an excellent reputation in the community and industry due to the sales/management and administration skills of INSERT NAME.

Services
COMPANY NAME provides top-quality plumbing services. The owner of COMPANY NAME believes that most companies in this industry suffer two major problems. These are poor scheduling of job projects and poor retention of quality employees. Both lead to lower customer satisfaction, lack of repeat business and a low word-of-mouth referral rate. COMPANY NAME will continue to exploit these weaknesses to gain a greater local market share.

The Company will continue to provide its plumbing services in a most timely manner and with an ongoing comprehensive quality-control program to provide 100% customer satisfaction. The Company's owner, INSERT NAME, sees each contract as an agreement not between a business and its customers, but between partners that wish to create a close and mutually-beneficial long-term relationship. This will help to provide greater long-term profits through referrals and repeat business.

Each contract awarded has been and will continue to be completed with the quality and professionalism the Company is known to possess in the industry.  The Company is associated with the Better Business Bureau (BBB) of Hawaii.

Financial Considerations
The Company expects to receive $1,000,000 in funding to provide the necessary capital to accomplish the following items as outlined in the plan:

  • Purchase John Deer Heavy Equipment Backhoe w/ Hammer, John Deere Skid Steer, John Deere Mini Excavator 
  • Hire (4) Plumbers / Equipment Operators
  • Purchase (2) New Service Utility Trucks
  • Purchase High Tech Leak Detector Equipment 
  • Advertising 
  • Purchase New Office Equipment 
  • Capital to increase Company Bonding   

 

1.1 Objectives

The objectives of COMPANY NAME are:
 

  • To substantially improve profitability of the Company in order to hire
  • additional key personnel.
  • To build a clientele on the outer islands to increase revenue.

 

  • To be more competitive in the plumbing industry by offering more services.
  • Increase Bonding Limit in bid and work on larger projects.

1.2 Mission

The mission of COMPANY NAME is to provide top-quality plumbing services. The company will seek to provide these services in the timeliest manner and with an ongoing comprehensive quality control program to provide 100% customer satisfaction. INSERT NAME sees each contract as an agreement not between a business and its customers, but between partners that wish to create a close and mutually beneficial long-term relationship. This will help to generate greater long-term profits through referrals and repeat business.

1.3 Keys to Success

COMPANY NAME has several keys for success in the future, including:

  • An excellent and untarnished reputation in the community as indicated by an "A"                                                                                  rating from the Better Business Bureau (BBB) 
  • Quality workmanship performed in a timely manner 

  • Competitive but fair pricing

Company Summary

COMPANY NAME is owned by INSERT NAME who has over 30 years of industry experience. The company was formed to take advantage of the perceived weakness and inadequacies of other regional companies in terms of quality and customer satisfaction.

COMPANY NAME is located on the property of INSERT NAME in Honaunau, Hawaii. The facilities include an office, storage area for equipment, and garage for vehicles.

The Company provides plumbing services for residential, commercial, multi-family units, condominiums, hospitals, federal projects and 5 star platinum green projects.

The Company has an excellent reputation in the local community and industry operating with no liens, lawsuits, or customer complaints on file.  All licenses and certifications are on file and current with all appropriate departments.

2.1 Company Ownership

COMPANY NAME is an S-Corporation owned and operated by INSERT NAME and is located in Honaunau, Hawaii on the Big Island, also known as Cook’s Island.

2.2 Company History

INSERT NAME has been operating COMPANY NAME since its inception on 2001. COMPANY NAME has operated from the same location during this time. It has built a reputation for doing quality work with inspection officials, contractors, customers and vendors. COMPANY NAME also takes pride in completing work in a timely manner and within budgets. COMPANY NAME also has an "A" rating with the local office of the Better Business Bureau.

The past performance table below shows the developments of sales, assets, liabilities, and operating expenses for the last 3 years of business. The Company's sales for 2007, 2008 and 2009 were $486,795, $493,369, and $838,302, respectively. The gross margin for this period was $283,056, $263,493, and $435,569, respectively. Earnings for this period were $61,613, ($8,919), and $99,264.

Past Performance

 

 

 

 

2007

2008

2009

Sales

$486,795

$493,369

$838,302

Gross Margin

$283,056

$263,493

$435,569

Gross Margin %

58.15%

53.41%

51.96%

Operating Expenses

$196,499

$228,139

$318,542

 

 

 

 

Balance Sheet

 

 

 

 

2007

2008

2009

 

 

 

 

Current Assets

 

 

 

Cash

$16,817

$27,870

$9,595

Other Current Assets

$60,014

$33,879

$43,879

Total Current Assets

$76,831

$61,749

$53,474

 

 

 

 

Long-term Assets

 

 

 

Long-term Assets

$0

$24,208

$44,208

Accumulated Depreciation

$0

$0

$0

Total Long-term Assets

$0

$24,208

$44,208

 

 

 

 

Total Assets

$76,831

$85,957

$97,682

 

 

 

 

Current Liabilities

 

 

 

Current Borrowing

$0

$0

$0

Other Current Liabilities (interest free)

$47,582

$41,888

$58,473

Total Current Liabilities

$47,582

$41,888

$58,473

 

 

 

 

Long-term Liabilities

$15,283

$74,888

$74,888

Total Liabilities

$62,865

$116,776

$133,361

 

 

 

 

Paid-in Capital

($140,945)

($59,787)

($163,912)

Retained Earnings

$93,298

$37,887

$28,969

Earnings

$61,613

($8,919)

$99,264

Total Capital

$13,966

($30,819)

($35,679)

 

 

 

 

Total Capital and Liabilities

$76,831

$85,957

$97,682

Services

COMPANY NAME provides plumbing services for homeowners and general contractors involved in new construction. This includes roughing in all pipes for plumbing, handling all inspections, keeping up to date with building codes and the final installation of all fixtures in the new homes.
LIST OF SERVICES

  • Repair and emergency service plumbing
  • HDPE service repairs and installation up to 48" pipe
  • Medical Gas certified installers with nitrogen purge
  • Fire Sprinkler installation and repair
  • Certified Solar Installer for Hawaii Energy
  • Irrigation installation and repair
  • Civil installation and repairs ductile iron or HDPE
  • Certified kitchen installer
  • Sewer system installation
  • Forced main sewer installation
  • Acid waste installation systems


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