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Should You Start Your Own Handyman Business

Posted a few years ago by Rosie Wood - No Comments

In a handyman business you will tackle small trade related problems and maintenance. Often clients want work done in a hurry and they want them to be perfect. Ups and downs in your handyman business could be the result of having disappointed clients and damaging your reputation; or in the economic downturn it could be due to factors outside of your control. If you see room in your local market to set up a handyman business, do you have what it takes to survive the ups and downs? Can you make the most of the benefits of this business, and set up structures to overcome the problems?

Here are some factors you should consider before setting up your handyman business.

Pros

  • The business can be a part time start up. If you are getting good cash flow you can transition into a handyman business slowly.
  • High profits and low overheads. You don't have to have an office space or staff, which means that most of the money you make will go into your pocket.
  • If you have the tools needed, start up costs are very small.
  • If you provide a quality service, advertising costs are small with word-of-mouth and referrals generating much of your business.
  • Specialization is possible such as, working exclusively on home remodeling or landscaping.
  • You can buy a handyman franchise for an easy start up. If you aren't confident about the business side of things, they will give you all the information you need. Handyman franchises also provide all of the tools you need if you don't have them already.
  • Working for yourself means that you can set your own schedule, be a bit picky about who you work for and set your own rates. You can have a part time business so that you can spend more time with your children.

Cons

  • Handyman work is tough on your body. You need to stay in peak physical condition and if there is a problem with that, your business will suffer.
  • Some of the work may be seasonal. Especially in the landscaping business.
  • In some states licensing may be difficult.
  • On top of licensing, you will need insurance which may be expensive.
  • You may also need a contractors license in some areas.
  • Because most of your work will come from word-of-mouth, it can take a while to build up a client list.
  • When business is slow, there is no regular income. This can be a real killer if you have a mortgage to pay.
  • You need lots of experience in DIY and customers will often ask you to do work outside of your advertised specialty.
  • Customers expect high standards and a high level of experience.
  • You need a solid set of work tools which are reliable.

Most of the cons won't be problems if you have set up a good businesses plan and set yourself high standards.

Rosie Wood - Author Biography

Rosie has DIY experience fixing up houses for herself and her family. She's been responsible for Painting, Tiling, Deck Building, Old Floor Maintenance, and home decoration. She brings a woman touch to our website, helping handymen and handy woman with DIY projects for their home.
 

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