Tips on How to Get Into the Handyman Business
If you've been in the repair and maintenance business for a while, you may be thinking it's time to branch out on your own and start your very own business. Here are some helpful tips on where to begin.
Draw up a business plan
As with any type of business you're thinking of starting up, a business plan will really come in handy when it comes to planning the beginning stages of your handyman business. In it, you're going to want to outline the handyman services you're going to be offering, what your marketing strategy is going to look like, what your financial projections are likely to be, and more. This guide on how to start a business with ZenBusiness offers more information on how to put together your business plan.
Registering your business
Next, you'll have to consider registering your business. But this can only be done once you've decided on the right business structure for your company. You may want to go with an LLC due to its tax advantages, flexibility, limited liability, and reduced filing paperwork. Starting an S corp in NY may be more advantageous if you’re seeking lower self-employment taxes or want deductions on the losses your business incurs. Do some research on the various business entity options, and then consider using a formation agency to file your paperwork so you know it was done correctly.
Apply for the relevant license and permit
This is another instance of where different rules may apply depending on where your handyman business is located. For example, you may need to apply for a general contractor's license, or you may not need one at all.
Determine what startup capital you'll need
This is a crucial step in the setup of most businesses. You'll probably require a decent amount of capital to get the tools and equipment you need, especially if you're starting from scratch, you want to rent an office, and you plan to hire a team to work under you.
Invest in the right technology
Apart from investing in a well-designed website that is sure to get your company noticed, you'll also need the right software and apps to ensure your business runs as smoothly as possible. For example, by using construction estimating software, you can estimate the cost of material and labor easily, schedule invoices for your customers, send estimates for potential projects from wherever you are, and get reminders about estimates that are still pending.
Another example is software that keeps track of all your tools to prevent them from getting lost easily. Alternatively, it could remind you if and when your tools and equipment need servicing or replacing.
Concentrate on excellent customer service
Customer service is another thing you'll want to pay careful attention to, especially when it comes to the general home repair industry. Moreover, you'll want to concentrate on delivering excellent customer service each and every time because that is what will keep customers coming back for more. And they will be more prone to sharing your business details with others looking for similar services because of the excellent customer service they'll have received from you.
From a planning perspective, there will probably be a fair amount to do when it comes to launching a successful handyman business. However, it is more than possible to get all the details one hundred percent accurate if you have the right tools at your disposal.
Join the Roslyn Chamber of Commerce to make fantastic connections that will help you build a booming business in our community.Image via Pexels