I have local contractors trying to partner with me, is that a good idea?
Hello fellow owners of home comfort businesses.
I hope everyone here is doing well today.
I have had someone approach me about a business proposition and I wanted to get some feedback from people in the HVAC business before moving forward on a decision. I’ve had a local contractor reach out to me asking about partnering with my home comfort business and HVAC technicians for construction projects. On paper, I think this sounds like a wonderful idea. More jobs for my HVAC technicians mean raises and more money all around. It seems like such a win-win kind of situation, I think I’d be a fool not to take it. However, I’m concerned that it might be too good to be true. I’ve seen a lot of cases of construction workers and local contractors being sued over petty things, mistakes or circumstances over which the local contractors had no control (like the global pandemic for example!). I wanted to get some of your opinions on whether or not you think it’s wise for an HVAC provider like myself to partner with local contractors on construction jobs. I’ve seen companies do it successfully and, to be honest, I’ve never seen this type of partnership done unsuccessfully. I’m wondering, though, do I not hear about bad cases of HVAC providers and local contractor team ups because they’re always a good idea or are the HVAC providers that teamed up with local contractors and failed all out of business? Please let me know your thoughts on this in the comments. I’m interested to see what you guys think. Thanks in advance.