Want to Start your own HVAC business?

EdTheHeaterMan · January 18

If you live in the Greater Philadelphia Area and you know how to do it better than your boss, then you might try to start your own business. About 20% of new businesses fail in the first year. Almost 50% in the first 5 years. Why not do it by starting your own business that is already established for more than 20 years?

https://www.youtube.com/watch?v=EPOmdOym_Go

I understand that some good mechanics go into business and fail because they are good at what they do but don't understand the mechanics of operating their own business. This is an opportunity to get a seasoned, hands on technician, that has passed the 1, 5, and 10 year failure rate for new businesses: to teach you the ropes of owning and operating a business, along with his technical experience of over 40 years in the trade.

You get built in established repeat business from service agreements to keep employees on the payroll during the slow spring and autumn seasons with more than just busy work that loses money. Learn and understand Job costing for a profit! This is one of the most difficult things for a new business owner, because they think they can work for wages so they underprice the service calls and new installation work to get the job. Get paid the “Big Bucks” then realize that they owe taxes phone bills and insurance premiums AFTER they spent the profits. All because they underpriced the job in the first place.

Great opportunity for the right person or family to get in business for themselves without the growing pains of making all those beginner mistakes. Use this old guy’s knowledge before it is too late.

Could be worth Relocating to the Greater Philadelphia Area even if you are not an EAGLES fan.

pecmsg · January 18

Huge difference between great techs and great business men.

EdTheHeaterMan · January 19

pecmsg said:
Huge difference between great techs and great business men.

My brother, like me, happens to be both. The right person or family may be able to take this business to the next level. Hiring technicians is a special skill we both learned from our father and uncle Frank. There is a system to getting the best and keeping them happy on the job so they stick with you for the long term. Family secret for the purchaser of FT Young Asst.

EdTheHeaterMan · January 19

As an added incentive, you not only get Frank's 40+ years of experience, you also get a great, established for generations of experience, and reputation to help you grow and earn big profits. My cousins and brothers learned the trade and how to grow a business from our fathers. It's like getting the secret recipe from Colonel Sander's for the secret 11 herbs and spices.
Here is a picture of the first Service Agreement that helped grow the F.P. Young company in the 1950s to become the largest independent Fuel Oil Dealer in Philadelphia by the 1980s with over 5000 automatic delivery accounts.

EBEBRATT-Ed · January 19

When I started in 73" the company I worked for the service contract was 18.50 I think and we were the most expensive dealer in town.

jumper · January 19

I always went for niches. Price competition kills.

EdTheHeaterMan · January 20

EBEBRATT-Ed said:
When I started in 73" the company I worked for the service contract was 18.50 I think and we were the most expensive dealer in town.

I think that this was a brochure from the. Late 1960’s early 70’s. I think I remember a service contract brochure with a $9.95 price point from the late 1950s.

Get this…. FP Young would cover that GE down-fire boiler with the master control and compressor for only $5.00 more. ($19.95). And we had a parts room with 30 or more rebuilt compressors in the shelf. I used to put them on a test bench to see if they would meet minimum specifications after rebuilding them.

I remember picking up parts from the General Electric parts warehouse on Rising Sun avenue in Philadelphia.

Oh to be Young again

Oh wait… I am Young…. Ed Young

EdTheHeaterMan · January 22

I just talked to my brother. He told me that this video was not him talking but Artificial Intelligence reading a script he typed out. How cool it that?

Larry Weingarten · May 20

@xoxosta , Coming here and linking your first post to what is essentially a sales page, makes it look like spam. It's not a good way to share your knowledge or ideas. If you want to tell us why software like this is relevant to this discussion and is helpful, great! Still, avoid the link promoting only one site.

Yours, Larry