Remaining Viable in a Crazy HVAC Contracting Economy – ACHR NEWS
HVAC is one of the few industries generally regarded as recession-proof. The thinking behind this is simple. Even during economic downturns, consumers need reliable heating and air conditioning. That is the primary reason HVAC companies were considered essential workers during the pandemic lockdown. It also explains why the U.S. Bureau of Labor Statistics projects HVAC employment will increase 13% by 2028.
While it’s hard to argue with that, the facts are that one in five HVAC companies fail annually. Seventy percent fail in their first year of operation. With memories of 2008’s Great Recession still fresh in many owners’ minds and increasingly soft economic indicators leading some experts to predict the country is on the verge of another recession, smart HVAC companies are already taking steps to ensure their continued viability.
Make Your Own Workers Job No. 1
The first step HVAC owners can take to offset a down economy — or even fear of a down economy — is to make sure staff…
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source: https://news.oneseocompany.com/2023/05/19/remaining-viable-in-a-crazy-hvac-contracting-economy-achr-news_2023051944987.html
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