Do you have excellent home repair skills? Are you interested in starting a handyman business from home? Do you need a sample handyman service business plan template? If you answered YES to any of the questions above, then I advice you read on.
Home ownership is bliss. However, it comes with an endless need to fix, improve, and put things together, and finding the time to get all these done is a common challenge among homeowners—especially those with older homes. To the rescue of these homeowners come handyman services.
What is a Handyman?
A handyman service provides home and other property owners with the various physical services they need to maintain their buildings and properties. These services include electrical work, painting, carpentry, heating and cooling, and many other aspects of building and property maintenance and repair.
Since the demand for handyman services is always on the high, starting a business that renders these services is a good way to profit from the huge demand.
If you have a jack-of-all-trades, fix-anything passion, then starting a handyman business might be the best option for you. Although the process of getting started is the same as that of any other business, your handyman business will be distinguished by your talents, professionalism, and reputation.
One of the upsides of starting a handyman business is that you can run it from your home, provided you have some space for keeping your tools. Do you want to start a handyman business that will cater to clients in your area and beyond? Then read the following guidelines on how to get started.
Starting a Handyman Business from Home – Sample Business Plan Template
1. Define your services
In order to attract clients, you will need to tell them—in clear terms—what services you render. Even though, being a handyman carries a do-it-all expectation from your customers, you really can’t do everything. So, only offer skills that you are experienced in, while trying to learn more skills by taking courses and reading books. In fact, you can start with just one skill.
Offering just one skill and being able to deliver excellently on that is better than delivering mediocre services in areas you don’t know much about. In addition, narrowing down your services will help you match your business to customers who need them the most.
2. Get the necessary equipment
Since your handyman business will be based on physical work, repair, and construction assignments, you will need a set of physical tools and equipment in order to render your services effectively. The type and number of equipment you will need depends on the type and number of services you are able to render.
You will most likely need a vehicle for conveying your equipment to the work site. If you don’t have a vehicle, then you should consider getting one on lease each time you need it. But you will need to buy your own as soon as you have the means to do so, since it is a vital asset to your business.
When buying the tools and equipment, you should invest in high quality ones. Their prices may be a bit on the high side, but they will be well worth their prices. If you opt for low-priced, substandard tools; the cost of repairing and replacing them in the long term will exceed the “high” cost of high quality ones. In addition, the quality of your service will hinge largely on the quality of the tools and equipment you use.
3. Fulfill all legal obligations
As is the case with most other startup businesses, starting a handyman business requires some licenses and permits, as well as other paperwork, such as company registration, business insurance, business classification of assets, and so on.
You should contact the appropriate agency in your locality to find out the legal requirements for starting a handyman business. These requirements vary by state and country. Alternatively, you can contact an attorney to help you with all the required paperwork.
4. Market your business
You need to market your business to attract clients. Come up with a list of potential clients that may require your handyman services, and figure out the best way to reach out to each of them. However, you must bear in mind that marketing your business will gulp some funds.
Design business cards, distribute fliers and brochures, install portable work-site and magnet vehicle signs, advertise your services in your local newspaper, and place small ads on websites often visited by homeowners in your area. Cold-calling and direct mail are still effective, too. To achieve satisfactory results from your marketing efforts, you will need to follow a regular marketing schedule.
As you gradually build your client list, you must strive to deliver high quality services. This will prompt your clients to spread word of your business, resulting in a business that attracts more clients and builds up profit.