Plumbing is one of the most in-demand careers today. The industry has grown to $107 billion in total revenue, and there are over 600,000 projected jobs in the United States alone. If you want a slice of that profitable pie, starting your own plumbing business is the way to go.
You’ll be able to work on projects that will make an impact on people’s lives every day. And since it’s such a lucrative field with high demand, you can expect to earn more than enough money as well.
Two different licenses will apply depending on where you live – an apprentice license or a master’s license. The apprentice license requires less education but also has fewer responsibilities than the master license does. However, both require that applicants pass an exam before receiving their respective licenses from their state board of licensing or certification (BOC).
There may also be other certifications required by local municipalities like building department inspections and fire code compliance certificates. These requirements vary widely across states and cities, so make sure that you check with your local authorities first before setting up shop anywhere.
You will also need insurance coverage like worker’s compensation and general liability insurance policies with specific limits set by each municipality or county government agency responsible for regulating businesses within its jurisdiction.
As far as startup costs go, there isn’t one “right” answer here because it depends on many factors, such as whether or not you need equipment, how much experience you already have, and how many people are starting the project as partners. If you have a vehicle and your plumbing license already, you should need at least $10,000 in capital to start a plumbing business.
To learn more about starting a plumbing business, visit our blog section.