Are you good at repair and maintenance or doing unique "fix-it" jobs? Are you a skilled tradesperson ready to start your handyman business, but not sure where to start? Setting up a handyman business may seem like a complex process, but with a bit of guidance, the process becomes smooth and easy. This article explains a handyman's job and how to start one successfully.
What Is a Handyman Business?
A handyman business offers residential clients a range of repair and maintenance services. Most handyman jobs don’t require any training, because they are straightforward. Examples include installing curtain rods, moving furniture, dusting, manicuring gardens, and replacing showerheads.
When starting a handyman business, you’ll be required to take the following steps.
Have a Business Plan
A business plan helps you outline your handyman business vision. It outlines your services, target market, start-up and ongoing costs, and business name. The plan also helps you identify your strengths, weaknesses, opportunities, and threats and develop strategies to minimize weaknesses, maximize strengths, and optimize profits.
Register Your Business and Get Insurance
First, you should decide whether your business will be a limited liability company (LLC), sole proprietorship, partnership, or corporation. Many entrepreneurs opt for an LLC because they are straightforward to set up, offer personal protection against business debts, and offer tax advantages. Learn more about how to start an LLC in Colorado to see if it’s the right business structure for your company.
As a handyman, you take risks when offering services in other people's homes, and therefore will require handyman insurance coverage. There are several business insurances, but the primary ones are professional and general liability insurance. Choose a plan that protects you against any liability at the workplace.
Price Your Services
Consider which services you enjoy doing most and their value to clients. After selecting the services to offer, price them accordingly. When pricing these services, consider factors like time, skills, expenses, tools required, taxes, licensing, and preparations. Take advantage of technological advancements and use cost calculator software to price your services and bill clients automatically. Software to estimate construction projects makes it easy to estimate the costs of materials, labor, and taxes, and even create payment schedules for clients.
Develop a Marketing Plan
For a business to be successful, it should have a marketing strategy. You can successfully market your business as a handyman by creating a website, social media pages, internet advertisements, and referrals. Carry out market research and select the methods that reach most of your target audience.
Your website should also be part of your marketing plan, as it increases your business’s visibility. Make sure you invest in an excellent website and include an online payment option for your customers. Integrate the payment platform into your website or apps, and look into financial API bank account balance components that provide up-to-the-minute bank account info for customers before they make payments. This can help to reduce expensive fees and improve the convenience of online payments for you and your clients.
Business Success Is in Reach?
Starting and running a successful handyman is within your reach if you follow these steps.
If you're in Conifer, join the Conifer Area Chamber of Commerce and learn more about starting and running a successful business.
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