The cost of being in business

19 May 2015 10:24 AM | Anonymous

By: Gary Macnamara – IOPSA CEO 

What are the benefits of continuing professional development (CPD) and the cost of being in the plumbing industry today?

Continual professional development (CPD) refers to systematic maintenance, improvement and broadening of one’s knowledge and skills. It is also regarded as the development of personal qualities that are necessary for execution of professional and technical duties throughout one’s plumbing career. CPD is important for plumbers to acquire new and updated level of knowledge and skills. CPD does not only add measureable benefits to the practice of plumbing but also to the plumbing industry as a whole. 

There are many benefits associated with CPD for the plumbing industry. It creates awareness, understanding, the advantages, disadvantages and any possible pitfalls that may arise from new technology. CPD emphasises any new and changing legislations that may affects one’s business and trade. It improves the skills of employers and employees within the plumbing industry. CPD offers professional business and technical development. It also offers solutions for the best plumbing practise. 

The cost of being in business
Are you unsure of how to calculate a plumbing rate? Are you a tradesman or a businessman struggling to pay the bills; your clients are not willing to pay for your services; feeling stressed and unhappy about your business? Then perhaps your plumbing rates are in the competitive market. Joining IOPSA can help you overcome such setbacks. IOPSA offers business guidance and emphasises the cost of being in business. 

Consequences of not charging the correct rates 
The consequences of not charging the correct rates may result in an unsustainable and unprofessional business practice. Employers will not be able to employ qualified plumbers. Poor quality installations, non-South African Bureau of Standards (SABS)-approved products will be used, resulting in possible further problems for clients. This will lead to unsatisfied clients that will not return to your business. Employers will not be able to market their business as they do not meet the minimum legislations and standards for the plumbing industry, which may result in legal action.

Other consequences of inaccurate rates is a lack of administrative and financial support for the business. Both the employer and employees will not be entitled to business insurance cover, medical aid, pension fund, and income protection. All of these put your business at risk. 

Did you know that if you have not catered for proper business costs, travelling time, sick and annual leave days, public holidays, non-working months, non-billable hours, and profiting your business, it may not survive or will become insolvent?


If you know how, it’s that hard. Find out more at any of IOPSA’s CPD workshops available nationwide:

  • East London, 1 June 2015;
  • Port Elizabeth, 2 June 2015;
  • Mossel Bay, 4 June 2015;
  • Bloemfontein, 18 June 2015;
  • Johannesburg, 24 June 2015;
  • Rustenburg, 25 June 2015;
  • Durban, 1 July 2015; and
  • Cape Town, 8 July 2015.

Book now or miss out! The cost per workshop is R150 for IOPSA members and Plumbing Industry Registration Board (PIRB)-registered plumbers; or R900 for non-members.



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