10 steps and pros & cons to start a handyman business
Based on their skill set and the needs of the customer, a handyman business offers a variety of home repair services. This can encompass both inside and exterior trade skills, maintenance, and repair, among other things.
Follow these ten steps to start a handyman business:
- Plan your handyman business
- Incorporate your handyman business as a legal entity.
- For tax purposes, you must register your handyman business.
- Create a business bank account as well as a credit card.
- Create a bookkeeping system for your handyman business.
- Get the Permits and Licenses You Need for Your Handyman Business
- Obtain a license and Insurance for Handyman Services
- Create a brand for your handyman business.
- Make a website and get handyman Best reviews on it.
- Get your business phone system up and running.
What are its Pro’s and Con’s?
Finding the time to mend, renovate, and put together a home comes with an infinite list of things to do, and finding the time to accomplish it all is a typical difficulty for homeowners. Furthermore, some of the items on the typical homeowner’s to-do list may necessitate more than basic DIY skills.
Starting a business as a handyman can give you a terrific business opportunity and the chance to help struggling homeowners finally get their houses in order if you have a broad understanding of how to fix things.
The pros are:
You may gain from beginning a handyman business in addition to getting to use your jack-of-all-trades, fix-it passion to help others:
- If you already have the necessary tools and equipment, your startup costs will be minimal.
- It’s a wonderful part-time business to get into.
- You have the potential to make a lot of money.
- In general, your overhead costs are low.
- In this industry, word-of-mouth and recommendations are powerful marketing strategies.
- There are options for specialization, such as working just with real estate agents or on house renovations.
- You can choose to specialize in business or residential services.
- Franchise or commercial options are available.
And the cons are:
The following are some of the potential obstacles to beginning a handyman business:
- You should be in decent physical shape.
- It’s possible that some of your jobs will be seasonal.
- Licensing requirements in some locations can be difficult to meet since certain criteria must be met.
- Building a lucrative client base can take some time.
- All parts of home construction, remodeling, upkeep, and repair require extensive expertise and experience.
- A broad collection of reliable work tools is required.
- A business license, liability insurance, and, in some cases, bonding may be required.
- A contractor’s license may be required.