How To Start A Handyman Business? Step-By-Step Guide In 2022
by Nabamita Sinha Business 14 July 2022
Starting any business on your own is difficult, let alone in the service sector.
But if you are good at it, it doesn’t seem like much work at all.
Now that you have decided to start a handyman business, you have to be good at renovations and handiwork yourself.
If you have been working as a handyman for years and are really good at it. Then the natural next step for you is to start your own business.
Who Is A Handyman?
A handyman is a person who offers their service to work some repair or renovation work in your house. They have the skulls for maintenance, repair, renovation, and even construction.
If you are wondering whether starting a handyman business is a good idea or not. Then let me tell you, starting any business has certain risks that you have to endure.
But according to recent market growths, it has been seen that the handyman business is steadily growing.
- In America, the handyman service received a 3.4% growth in the market.
- Growth in market size by about $4.9 billion.
- Between 2015 to 2020, the annual market growth was about 4.6%.
How To Start A Handyman Business?
If you have created a perfect idea for your handyman business, then great!
But there are a few things you still need to figure out and plan out before properly launching your business.
Here is a list of things you need to follow in order to launch a good and successful handyman business.
Steps To Start A Handyman Business
1. Make A Business Plan
Starting any business primarily depends on how you plan the whole damn thing. This is the most important step of all. Making a framework for your business initially is very important.
Without a proper business plan, it is impossible to know what your next step should be. While starting a new system, you should ask yourself a few important questions in the beginning,
• What Are The Expenses A Handyman Business Has To Go Through?
As the owner of a handyman business, you should know how much a handyman business usually costs. In the US, you can start a handyman business with just $1000.
• Who Is Your Target Audience?
Before starting your business, you should know who is your target audience. For that, you need to do thorough market research and establish an audience base. Whether you are in for repairs, renovation, or construction. These are the things you need to establish in the beginning.
2. Create A Business Website
For any business, you need to have a website that will be easily available in the search engine. Through a valid user-friendly website, your audience will have faith and trust in your business. It can also set you apart from your competitors as well.
3. Handyman Business Software
To help you get into the groove, there is great handyman business software that really helps you with your business. Through this software, your clients and customers can be kept informed about your business updates and organized.
Through this software, your services will be easily accessible to your clients and customers. They can track their previous service history as well.
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4. Market Your Business
Any new start-up business needs a good marketing strategy, to begin with. Marketing really helps you to expand your business more to a wide range of audiences.
For any successful B2B marketplace, you need to have a marketing strategy in hand along with advertisements. Few of the marketing strategies you need to be on top of being,
- Boost your business expertise and service experience through certifications and valid courses.
- You need to design flyers for your business. They can help you get noticed rather quickly in a smaller radius.
- You need to have active social media accounts. Social media is the best place to promote your business, you need to be active there.
5. Get A Legal License
Before you start your handyman business, check with your local authorities whether you need a permit or license. Though usually, a handyman business doesn’t require any permit or license, nevertheless you should check.
6. Get Your Business Insurance
Let’s agree that there is some amount of liability when you are working for someone else. Especially in their house. So it is also a better option to have an insurance plan for your business from any loss of fortune.
7. Draw A Legal Structure
Before starting any new business, there are a few legal obligations you need to ensure. Firstly you need to register your business with the local authorities through an LLC.
There you have to register your handyman business name. Hence, make sure that you pick a good name, to go with your business brand. Later it can be used for logos, websites, uniforms, and business cards.
8. Open A Commercial Bank Account
Opening a commercial bank account is very important. People often forget this step. You should always keep your business and personal finances separate.
This also helps you to track your business’s finances, which include cash flows, overhead costs, and employees’ salaries.
9. What Is Your Brand About?
Your brand is what represents your business. You need to have a clear brand image and goal. With a strong brand image, your business will stand out from your competitors.
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10. Build A Team
No one can work alone in any business. Every business needs support staff to run business properly. You need to find people who fit your brand image and will be an asset to the business.
Along with handyman work, there is a lot of internal and technical work that goes around in a business. So it is not possible for one person to handle everything. A team is highly needed to run a business smoothly.
Frequently Asked Questions (FAQs):
You can teach yourself anything you want. Having an MBA degree in business knowledge is not a must-have.
Ohio doesn’t have a state-level licensing for handyman businesses. But there are few types of handyman businesses that require a license to practice.
In the U.S., a handyman charges around $60 to $65 per hour, though the price can definitely vary.
Starting any business can be a challenge in the beginning, let alone a handyman business. But if you are good at what you do and are capable of running a business, you should definitely give it a try.