If you’re considering starting a handyman business, it can be difficult to know where to start. What exactly does it take to start a new business? What needs to be registered? What things do you need to prepare for and what can you expect running a business to be like?
In this article, we’ll take a look through some of the basics steps involved with starting a handyman business.
‘Handyman’ is a relatively general term. You need to develop a comprehensive list of jobs that you know you can do well and which you know you have the right equipment for. Create a list of the most common handyman jobs you expect to encounter and the price each of them will cost you to perform. This will help you gives quotes in the future.
How exactly will your business be organized? Will you have employees, or will it just be yourself? One great option is to join a group with an existing brand that allows businesses to operate autonomously. Taskforce differs from other franchise groups because it does not take huge up front fees like other franchise groups. It also doesn’t take a percentage of franchisee income. Operating a business with Taskforce gives you access to a great brand and national advertising campaigns.
You need to have enough money to cover the start up and operation of your business for a couple of years. Calculate how much you think it will cost to be operational, and how much it will cost you per month to remain operational. This includes set up costs like new purchases or necessary upgrades and operational costs like travel and maintenance. Until you have a significant client-base, it may take some time before you have a complete, self-supporting business.
This is often the most unengaging part of starting a new business. However, it’s a requirement by law. You will need to register an ABN and look into all of the relevant licenses and documents to run your business. Most of this information can be found on the Australian Government website here.
Hopefully you already have a client-base from which you can find jobs. If you do a great job every time, you can maintain client loyalty and your client base will grow. If you choose to join a group like Taskforce, job leads in your area will also be directed to you.
Starting a business always require a lot of work. Finding support systems is a great way to improve your chances of success and ensure that you establish a profitable business as soon as possible.