How To Start A Handyman Business?
It seems like everywhere you look, things are falling apart. Whether it’s a loose doorknob, a hole in the drywall, or a broken window, there’s always something that needs fixing. And that’s where handymen come in. Handymen are skilled tradespersons who can fix just about anything.
If you have a natural ability to repair things and enjoy helping others, starting your own handyman business may be the perfect career for you. Below is our guide on how to start your own handyman business, including resources to help you begin.
So if you’re ready to roll up your sleeves and get to work, read on!
Determine your business plan
A business plan is a roadmap for your business that outlines your goals and how you intend to achieve them. It should include your target market, marketing strategies, financial projections, and operational details. Having a business plan will help you stay organized and focused as you start your handyman business.
What is included in a handyman business plan?
Before you start thinking of how to start my own handyman business, you need a business plan. However, this requires you to first decide how to register a handyman business. Will you operate as a sole proprietorship, partnership, or limited liability company (LLC)? Each business structure has its advantages and disadvantages, so it’s important to choose the one that best suits your needs.
Once you’ve decided on your business structure, you can start working on your business plan. If you’re not sure where to start, plenty of resources are available to help you, including books, websites, and software programs.
Some things you may want to include in your business plan are:
Executive Summary: It’s a brief overview of a business plan. The executive summary may include your business name, location, contact information, and a description of the services your business offers.
Company Description: This is a more detailed description of your business, including its history, mission statement, and unique selling points.
Market Analysis: This is a look at your target market and how you intend to reach them. It should include information on your competitors and what sets your business apart from them.
Sales and Marketing Strategy: This is your plan for promoting and selling your services. It should include information on your advertising and marketing campaigns and your pricing strategy.
Financial Projections: This is a detailed look at how much does it cost to start a handyman business including expected income and expenses. It should include information on your start-up costs and your projected revenue and profit for the first few years of business.
Operational Details: This is a look at the day-to-day operations of your business. It should include information on your business location, hours of operation, and staff.
There are many benefits to having a business plan, including:
Helping you stay organized and focused on your goals
Allowing you to track your progress over time
Helping you attract investors or lenders
Giving you a roadmap to follow as you start your business
Providing a reference point for making future decisions
Now that you know the importance of a business plan let’s look at the necessary documents to start your handyman business.
Get the necessary documents to start your own handyman business
Now that you’ve decided to start your own handyman business, it’s time to take care of the administrative side of things. The next step when thinking of how to start a handyman service is to obtain the necessary licenses and permits.
The requirements regarding how to create a handyman business vary depending on your location. But, you may need a business license, a tax ID number, and insurance. You can check with your state or county office to find what documents you need. Business licenses are typically issued by the city, and you will need to renew them annually.
A tax ID number is required to file your taxes, and you can apply for one online or through the IRS. Next, you’ll need to purchase insurance for your business. This will protect you if something goes wrong while working on a job. You should talk to an insurance agent to determine what type of coverage you need to run a handyman business.
There are a few different types of insurance you may need for your handyman business, including:
-General liability insurance: This will protect you if someone is injured or their property is damaged while you’re working.
-Workers’ compensation insurance: This will cover medical expenses and lost wages if an employee is injured while working for your business.
-Business property insurance: This will protect your business equipment and tools if damaged or stolen.
There are many benefits to having insurance for your handyman business, including:
Protection from financial loss if something goes wrong while you’re working
Peace of mind knowing that you and your employees are covered in the event of an accident
Ability to attract more customers who are looking for a reputable and insured handyman
Now that you know the importance of a business plan and the necessary documents when thinking of how to run a handyman business, let’s look at how to manage your finances.
Open the bank account for your handyman business
Before you can start marketing your handyman business, you’ll need to open a bank account. It is very important not to mix personal funds with business funds. So, having a dedicated business account is essential. You can use any of the three types of bank accounts for your business: checking, savings, and money market accounts.
Checking accounts are more flexible regarding deposits and withdrawals. However, this type of business account has the lowest interest rates compared to othertypes of bank accounts.
Savings accounts offer higher interest rates, but you may have limitations on how many withdrawals you can make each month.
Money market accounts offer the highest interest rates, but also have the most restrictions in terms of withdrawals and deposits.
Once you’ve decided on a bank and type of account, you’ll need to complete some paperwork. Be sure to bring your driver’s license or other forms of identification, and your Social Security number. The banker will also need some information about your business, such as its legal name and address.
Once you’ve opened your account, you can start depositing money into it and writing checks from it. There are many benefits to opening a bank account for your handyman business, including:
Separating your personal and business finances
Making it easier to track your business expenses
Giving you a place to deposit your income
Helping you establish business credit
Making it easier to apply for loans or other lines of credit
Now that you know why you need a bank account for your handyman business, let’s look at the necessary equipment you’ll need to complete customers’ orders.
Buy handyman equipment
One of the most important aspects of how to open a handyman business is ensuring that you have a solid plan in place. This includes creating a budget and researching the best options for things like equipment and supplies. Once you have your finances in order, you can start shopping for the things you need to get your handyman business up and running.
It’s important to invest in high-quality items that will last longer and make your job easier. This may include tools, vehicles, office equipment, and other supplies. For example, a good drill is an essential tool for any handyman. A cordless drill will give you the freedom to move around easily, and a powerful battery will ensure that you can always get the job done.
In addition, consider purchasing some hand tools such as screwdrivers, wrenches, and hammers. These will come in handy for a variety of small repair jobs. Finally, don’t forget to stock up on supplies like nails and screws.
To buy the equipment you need for your handyman business, you should:
Make a list of the items you need
Research different brands and compare prices
Purchase high-quality items that will last longer
Get the necessary insurance for your equipment
Store your equipment properly to keep it in good condition
With the right equipment, you’ll be able to handle any job that comes your way.
Now that you have your business plan in place and you’ve opened a bank account and secured the necessary equipment, it’s time to start building your team. And one of the most important aspects of how to start a small handyman business will be your handymen.
Before you start advertising for handymen to join your team, it’s important to take some time to evaluate what kind of qualifications and skills you’re looking for. Do you want your team to be able to handle simple repairs like fixing a leaky faucet or changing a lightbulb? Or, do you want them to be able to tackle more complex jobs like replacing a roof or gutters?
Once you have a clear idea of the kind of work you want your team to be able to do, you can start advertising and interviewing candidates. When evaluating candidates, be sure to ask about their previous experience, whether they have any specialized skills, and how they would deal with various repair scenarios.
Once you’ve found a few qualified candidates, sit down with each of them and discuss your expectations. Be sure to go over the job description in detail and answer any questions they have. Having a great team is essential for any business, so be sure to take the time to find the right people for your handyman business.
Use handyman business software to simplify management
Running a small business is no easy feat. In addition to keeping track of customers, appointments, and finances, you also have to handle the day-to-day tasks of running the business. This can quickly become overwhelming, especially if you don’t have a solid plan in place.
Handyman business software can offer solutions regarding how do I start a handyman business by simplifying administrative tasks and keeping track of important details. This type of software is designed specifically for handyman businesses, so you can be sure that it will meet your specific needs.
In addition, handyman business software is often very user-friendly. So you won’t waste valuable time trying to learn how to use it. When choosing a handyman business software, there are a few things you should keep in mind, such as:
How easy it is to use
What features does it offer
How much does it cost
if it integrates with other software you use
In short, handyman business software can be a helpful tool for managing your business.
Create the website for your handyman business
As a handyman, you know the value of hard work and attention to detail. You also know that when it comes to promoting your business, you need to go above and beyond to get noticed. Fortunately, a well-designed handyman website can help you achieve both of these goals.
By providing potential customers with information about your services, prices, and location, you can make it easy for them to find what they’re looking for. And by including engaging content and compelling visuals, you can ensure that your website makes a lasting impression.
So, what makes a great handyman website?
Handyman websites usually have an “About Us” page that tells potential customers who you are and what you do. They also have a “Services” page that list the different types of work you can do. Some handyman websites also have a “Prices” page so customers can see how much you charge for different services.
If you have a brick-and-mortar location, be sure to include your address and contact information on your website so people can find you. You can also include testimonials from satisfied customers
With a little effort, a handyman website can be an invaluable tool for growing your business. It will help you reach a wider audience of potential customers.
Take your handyman business to the next level
As any successful business owner knows, having the right tools in place is essential. This is especially true for handyman businesses, which often have to juggle a lot of different customers, appointments, and financial tasks. Handyman business software can help you manage all of these tasks and simplify your administrative work.
While many different software options are available on the market, Field Complete is the best option for small businesses. It offers a wide range of features specifically designed for handyman businesses, including customer management, appointment scheduling, and invoicing. It’s easy to use and navigate, so you’ll be up and running in no time. Plus, its affordable price point makes it a great option for any small business.