Published on September 10th, 2019
Starting your own business can be a fantastic adventure. If you have a flair for DIY and you love fixing problems in houses, a handyman business might be just right for you. However, when setting up a handyman business, you need to make sure that you are covering all the right bases.
Here are some of the things you should do to make sure that you are starting a profitable venture.
1. Don’t Go Wild With The Spending
It is incredibly easy to start buying all the equipment which you think you will need when you start your business. However, if you go about it in a much more sensible manner, you are not going to burn through your start-up funds and you can divert them to places which might need them more.
You probably have a fairly extensive set of tools already so there is no need to buy all new ones. If you get a job that requires something you don’t yet have, buy the tool needed and only that tool. Growing your collection over time will be much better for your finances than just buying an entirely new set outright.
2. Protect Yourself
Before you even launch your business, you need to make sure that you have adequate handyman insurance. This is a unique mix of business insurance policies designed to help and protect businesses like yours.
One of the most commonly occurring policies you will find amongst them is liability insurance. This protects you in the event that someone files a lawsuit against you and might help to pay for legal fees and other grievances. You may also be able to include policies like commercial vehicle insurance and tool insurance to ensure that other aspects of your business are covered and protected.
3. Market Well
A profitable business is one with customers, no matter what industry you are in. From the get-go, you need to have an excellent website and social media pages so you can attract plenty of new customers.
Don’t dismiss word of mouth too; if you live in a close-knit community then this might work wonders for your business.
If you did some work for people before you properly launched the business, contact them and ask for a testimonial.
These are great to include on your website as it lets potential customers know that you are trustworthy and good at what you do. You should also start a portfolio as soon as you can.
Being able to show customers before and after shots of jobs you have completed will demonstrate your skillset and give them some indication about whether or not you might handle their job.
Starting a new business is always exciting but you have to make sure that you don’t get carried away.
Keep a cool head, keep track of your spending, and ensure that you are doing everything you can to boost your reputation as soon as you get started.
With a little luck and a lot of hard work, it won’t be long until you have a profitable handyman business you are exceptionally proud of.