Wondering how to start a handyman service? We take you step-by-step from start to success.
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Characteristics of a Good Handyman Service Business Plan
Your handyman service's business plan should be tailored to your business's unique traits and goals. However, the most effective business plans do address specific sound business plan elements:
- Mission Statement – A foundational statement of your company's direction and strategy.
- Goals & Objectives – The end results of your company's business activities.
- Financial, Marketing & Action Plans – More detailed descriptions of how you will carry out your mission and achieve your handyman service's goals.
Evaluate the Competition
Long before you open a handyman service in your town, it's a smart move to find out how many competitors you have. Try our link below to get a list of local competitors nearby. Just enter your city, state and zip code to get a list of handyman services in your community.
It's important to be aware of what the competition is doing. Take the time to visit the competition to properly assess their strengths and weaknesses.
A Good Source of Advice
If you are seriously contemplating launching a handyman service, the next step is to talk to somebody who is already in the business. Local competitors are not going to give you the time of day, mind you. Why would they want to educate a future competitor?
On the other hand, an individual who has a handyman service in a location that is not competitive to you may be more than happy to give you a few tips, after they realize you reside far away from them and won't be stealing their local customers. In fact, they are often very willing to share startup advice with you. Our estimate is that you may have to contact many business owners to find one who is willing to share his wisdom with you.
What's the process for finding somebody who runs a handyman service that lives outside of your area?
We can help. Follow the link below, try a few city/state combos or zipcodes, and then start calling!
Three Arguments for Buying a Handyman Service
It's almost always preferable to buy a handyman service than to pursue a handyman service startup.
You'll want to conduct a comprehensive due diligence process, but here are three arguments why you should think about buying instead of a startup.
- Initial Revenue. Startups struggle to bring in revenue right out of the gate while existing businesses usually have a steady stream of income.
- Operational Efficiency. A good handyman service should already function like a well-oiled machine.
- Funding. Lenders, investors and other funding sources almost always prefer business purchases to startups.
Consider Buying a Franchise
Franchises reduce the amount of time it takes to launch a business because they leverage the expertise of successful handyman services and enhance the visibility of your startup in the local market. When it comes to supply chains, marketing, hiring processes, operational procedures and other areas, it's hard to beat a small business franchise.
While it's true that franchising has both benefits and drawbacks, our handyman services franchise directory will give you the tools you need to evaluate whether a franchised startup is a good fit for you and your goals.
These additional resources regarding getting started as an entrepreneur may be of interest to you.
If you sell to handyman services, you're in the wrong place. Try these resources instead:
If you are interested in starting a different kind of business, please browse our directory of guides below.