Australia’s Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC&R) industry is growing slowly but steadily, as the demand for these products and services never truly falls. That makes starting a business in this field quite a prosperous venture with plenty of opportunities for success, regardless of the type of company you decide to run. However, the HVAC&R industry still comes with some necessary steps and requirements you have to adhere to in order to reach success, and here are some of the most important tips to follow when starting an HVAC&R business in Australia:
Invest in proper education
When learning any trade, including one in the HVAC&R industry, education is key to success. In most cases, this means investing in courses, workshops, training, and other accredited qualifications that will allow you to gain the necessary knowledge and skills for performing the job optimally. Keep in mind that you will have to be certified in order to perform most HVAC&R-related jobs in Australia. The types of required licences and certifications can vary depending on the state, and knowing the relevant requirements before starting a business is truly crucial.
Focus on gaining experience
While education might be important, it’s simply not enough to ensure a trusted and reliable business. In order to succeed in the industry, it’s advised to gain additional experience before starting a company. For instance, you could apply to a great refrigeration mechanic apprenticeship where you can acquire further training in everything from servicing and repairing to installation and adjusting system controls and mechanisms. Such a certificate will help to establish you as a skilled professional early on, and it will open the possibility for future prospects as well.
Create a good business plan
When starting any business, writing a good business plan is an essential first step. It allows you to outline your main objectives, develop efficient business strategies, plan for potential risks, provide a clear roadmap for your company, and even secure the necessary finances from investors and banks. Creating a business plan can also present a great opportunity to do some market research and identify any gaps in the current market. This will give you the opportunity to select a niche with the highest chances of success, whether that means refrigeration system and air vent installation or ductwork and natural gas fireplace installation.
Consider the necessary costs
Starting your own HVAC&R can be a costly endeavour, and the last thing you’d want are any surprise expenses that could obstruct your plans. For that reason, you might want to consider the typical costs of running a business in the industry, such as generic and HVAC&R-specific tools, supplies and spare parts, vehicles, health and safety equipment, insurance, business software, marketing, etc. Ensure you account for as many relevant business expenses as possible, and even consider acquiring additional funding if necessary.
Get the proper support
As already mentioned, startup investments are often high, and starting an HVAC&R business can be quite expensive on its own. Unless you have enough personal finances, chances are you will need proper financial support in the form of bank loans and reliable investors in order to launch a business successfully. In case you need additional support, joining an established organisation can be of great help, particularly when it comes to following the latest industry news and developments. The Australian Institute of Refrigeration, Air Conditioning and Heating (AIRAH) and the Air Conditioning & Mechanical Contractors Association (AMCA) are both great options.
Starting your own business is always a challenging and time-consuming task. But as the HVAC&R industry shows great promise, there’s no doubt your company will quickly reach success if you follow the necessary steps mentioned above.