How to Start Your Own Home Repair Business

For some people, starting a full-time or part-time home repair or handyman business is an easy way to test the waters of entrepreneurship. In uncertain economic times, it is always good to have a sideline or back up option. Apart from that, it allows the opportunity for them to do something that they enjoy for money. There are certain things that those considering this should consider beforehand.

Specializing in one particular service or area of home repair may be a good option. Painting, for example, or plumbing. Anyone doing this should ensure that they really are good at what they do. The most effective form of advertisement is word-of-mouth advertising, so anyone starting out in business should do their best to foster a good reputation with good work. Locate the ideal customer base. Older people, new immigrants and those who are physically challenged may be more in need of a handyman or home repair expert than others. In many places it may be possible to target this part of the market specifically by advertising in certain publications that are geared toward them. Understand that there are liabilities that come with starting a home repair business, particularly of the legal sort. Someone who is serious about venturing out into small business in this area should be aware of the building codes, laws and various types of insurance that relate to home repair. Organize all areas of life that relate to the business. This means you should have a dedicated cell phone (basically the only overhead when just starting out), have a reliable vehicle and the tools necessary for the work available at all times. It will also be necessary to plan out a schedule and have blocks of time free for work. Keep financial records organized for tax season. This is important for any area of business, but due to the nature of this kind of home repair enterprise, and the potential for having to make multiple small purchases for work, it may be difficult to keep track of all of the receipts.


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