Do you have a knack for furniture assembly? Are you an ace at drywall repair?
Starting a handyman business may be in your future.
Independent handymen can set their own schedules, choose clients and job types, and even hire their own crews. Many folks will begin a handymen service as a part-time side-hustle and watch it grow into a stable, flourishing enterprise.
Here are five tips to get you started:
1. Get Licensed
Before you start your business, you will need insurance in case there is an emergency.
Some states require a handyman’s license, and others require a contractor’s license for jobs over $1,000. You little piece of paper will assure potential clients that you are a professional who knows what they are doing.
Before you start, you may want to work alongside an established handyman whose work you admire. Learn their tips and tricks and listen to their advice.
You may discover that you are more adept at certain tasks than others. You may have a natural bent for garage door repair, clean-up jobs, or tightening leaks.
When you start your own business, be sure to advertise your finest skills to potential clients.
Do a little research to find out what there is a need and market for in your area. It could be plumbing, electrical repairs, or simple construction. Whatever you specialize in, be sure that folks know you are the best fella or lady in town for the job.
3. Get Some Tools
Start-up costs for your business should be around $2,000, or a bit more. You will want to purchase some sturdy tools for your tasks. It is also a good idea to rent or purchase a truck to transport them in.
There are some great, lightly-used tools available for sale on sites like Craigslist and EBay. Many do-it-yourselfers purchase them, and realize later on that they have no use for the equipment.
Look for something that doesn’t appear roughed-up. You can get some tools that have barely been touched for 40-50% less than their full market value.
Before purchasing, you will want to look up the new price of the brand item you are looking for. Less expensive, do-it-yourself brands are considered light-duty. These include Craftsman, Kobalt, Black and Decker, and Skil.
Pro brands are more expensive but are expected to endure longer and perform more heavy-duty tasks. These include DeWalt, Makit, Bosch, and Milwaukee.
At first, you will want to get the best price you can on equipment. As your business grows, you can begin investing in newer, more durable tools.
These days, community groups online are great ways to advertise your services. Check out your own town’s pages, as well as those of surrounding villages, and keep your eye out for people needing odd jobs done. You can also find work on Craigslist.
Check out your competitors’ sites and see where they are advertising. There may be local paint shops or hardware stores where handymen frequently find work.
5. Write It Off
As a small business owner, you will need to keep track of all of the miles you drive and money you spend that are related to your business. Remember that gas and tools are tax-deductible expenses.
Starting a Handyman Business
Starting a handyman business is an excellent way to make money doing what you love. Be sure to fine-tune your skills and get the best deal you can on tools before you begin.
For more information on starting a business, read our blog today.