How to Start a Handyman Business You’ll Be Known For

While many types of businesses are becoming obsolete due to technological advances nowadays, the general home repair service industry doesn't look like it will be one of them. If you've seen the long-term potential of starting your handyman business, here's how to get started. 

Begin with a business plan

A business plan is a must when you’re ready to start a new company regardless of the type of industry. Furthermore, as a handyman, your business plan may need to be much more thorough, especially if you plan to offer many services. Nonetheless, you will still need to include the basics of most business plans, including how you'll obtain funding in the beginning and as your business grows, your marketing strategy, financial projections, etc. 

Registering your new business

The next step in setting up your new business will be to register it. Suppose you're dead set on filing your business as an LLC because you've heard of its benefits, including limited liability, tax advantages, and flexibility. Then you can search for how to start an LLC in Colorado for tips on filing in the Centennial State. Be sure to double-check what the filing regulations are here, though, or have an agency handle the paperwork for you so you can be sure it’s done in a legally compliant manner.

Apply for the applicable license or permit

A license or permit is something else you may need to look into, depending on where you would like to set up your handyman business. For example, where one state may require you to have a general contractor's license, another state might not require you to have one at all. 

Determine how much startup capital is required

Another essential step in your plan of action is that you'll need the requisite capital to get a move on with your business. For example, if you're new to this, you may require a fair amount of money to purchase all the tools and equipment you'll need to get started. Depending on the size of your business, this amount can vary. And so will your options for choosing where you'll obtain your funding, whether it be from a loan, your savings, or a small business grant. 

Utilize technology to your advantage

Technology will probably be your right-hand man when running your business smoothly and efficiently. For example, a professional-looking website will probably be a non-negotiable if you want your business to get the attention it deserves. You can also improve your procedures and systems by using software that aids your business in running like a well-oiled machine. For example, the right software can help you schedule invoices for payment, send estimates for jobs no matter where you're at, set reminders for estimates that may still be pending, and assist you in estimating the costs for raw material and labor quickly and easily.  

Make customer service a priority

Of course, customer service will play a significant role in whether you run a successful business or not. Therefore, this is something that you should make a priority if you want to build up a loyal customer base in no time. For example, investing in Customer Relationship Management software may be the way to go if you want to improve your customer service levels.

Indeed, there will need to be a fair amount of planning if you want your business to do well. However, this is even more possible nowadays with the right technology that is so freely available. 

Are you ready to take your business to the next level with great local resources? Join the Lafayette Chamber of Commerce!