Small businesses can attract new talent by allowing employees to share in the company's success. Offering phantom stock and profit-sharing can help employees feel valued and invested, moving beyond just earning a paycheck.
Facing price complaints from customers? Remember to keep your cool! Start by empathizing with their frustrations about rising costs everywhere. Explain the challenges small businesses face, highlighting how online retailers can undercut prices due to lower overhead. Always keep the conversation constructive and focused on solutions.
The plumbing industry faces a projected shortage of 550,000 plumbers by 2027, costing skilled trades $5.3 billion annually in hiring and training. However, a rising number of young adults are choosing trade school, which may introduce new talent and challenges for business owners.
HVAC enrollment for the PHCC Academy has seen a significant growth (1,984 percent) over the past 5 years – a trend the Foundation expects to continue in the future.
Discussions about wet venting in plumbing often spark heated debates, but if you're competing against a plumber who effectively utilizes it, you may lose bids by venting every fixture. Wet venting allows for a more efficient use of materials and labor, making bids more competitive.
Known for their results-driven approach, the Cornerstone team has worked with HVACR contractors of all sizes, from $3 million to more than $75 million in revenue. Cornerstone has grown companies from $5 million to $50 million and has built a reputation for delivering personalized marketing strategies that align with the unique goals of their clients.
Video marketing is crucial for plumbing and HVAC contractors to stand out and build credibility. Using smartphones for easy video creation and sharing on platforms like YouTube helps contractors become trusted industry experts.
As 2024 ends, the home services industry is seeing rising lead costs and more complex customer journeys. In 2025, businesses should focus on generating quality leads, leveraging data and AI for optimization, and mapping customer journeys to enhance profitability.
In January 1979, a plumber dealt with severe winter emergencies, including a radiator explosion and frozen pipes. Reflecting on past experiences like a romantic evening turned dangerous by extreme cold, he faced unpredictable challenges in his trade.