Creating a handyman business plan does not have to be complicated or detailed. A simple and straightforward business plan will do the trick. I plan on offering a sample handyman business plan on my website www.handyman-business.com. 

Normally, a typical plan includes a summary of what the business is about, the types of services you plan to offer, a market analysis, marketing

plan offline and online, sales strategy and forecast, a management summary and a financial plan.

Company profile

Be sure to provide information about your business. Specify if it’s a single proprietorship, a partnership or corporation. State the business name you have chosen to use.

Services offered

Explain the services your offer to let your customers know what tasks you are capable of doing.   Your services may include:  assembling and installation of fixtures, painting, plumbing repair, electrical repair, etc.  These should also be specified in your marketing materials including your website.

You can state your competitive edge in this section. This can be on the personalized and quick service you offer or the low rates you charge for minor home repairs. Another come on to customers is to promote that you can call a handyman anytime during the day should the need arises.

Marketing plan

Any business should initiate a marketing strategy to promote what you do to your target audience. Other than attracting more clients, the aim of this is to make people aware of the professional service and the reasonable fees you provide. This can be accomplished through advertising in local newspapers, the yellow pages. Marketing on the internet is also possible whether you want to go for the paid or the free options.

Sales strategy and forecast

It will also help if you can come up with a sales forecast and sales strategy. This will guide you on how much earnings to gain for the different services your offer for the week or for the entire month based on the hourly rate you charge your customers. If you wish, you may also include your annual projection.  For more information on how to start a handyman business visit: http://www.handyman-business.com

Starting any kind of business requires the owner and his partners to come up with a brand name. This may not come easy, though, as you arecompeting with numerous businesses in your specific category. In almost any business today, there’s stiff competition the reason why it’s vital toprovide a name that people will easily remember.

Choosing a name for your handyman business is not a simple task. You want to come up with a name that will help customers know what it isyour business does.  You don’t want to choose something generic like Bob’s Service.  What is Bob selling?   You might also choose to leave theword “handyman” out of your business name since it is very common.  You could instead use words such repairman, fix it, or Handy Bob, etc.  Youcan include your name in order to personalize you handyman business.  An example would be Williams Home Repair Service, or Bobs HomeImprovement Service.  You may also want to add in descriptive words like reliable, trusted, etc.

Get creative and make sure no one else in your city is using the name you choose.  You also need a name that is easy to remeber.  Think ofsomething catchy but related to your business. The easier it is to recall, the better for your business.

One creative and unique name is “Rent a Husband.” This handyman business was started by a then unemployed man, Kaile Warren Jr.,  Afterjust 3 years in the business, Warren had 26 franchises in the U.S. and two in the U.K. Warren now employess 400 workers and earns an estimated $8 million in revenue.

Many homeowners today still prefer to call a handyman to do minor home repairs. This is therefore one business area with a great income potential.

For more tips on starting a handyman business download a copy of my guide:   How to Start a Handyman Business

Time is what many people lack today. As they are preoccupied with work, their businesses, household chores and raising children, they don’t have the extra time to do minor stuff at home such as repairing problematic plumbing and electrical fixtures. For these busy people, calling a handyman is the best option to solve their problems.

If you’re a business minded person who has the basic carpentry, plumbing, electrical and management skills, this is one golden opportunity you can take advantage. Providing service to busy homeowners is not only a rewarding endeavor but a great money making opportunity as well. With numerous people as potential clients today, it is worth trying out this business.

There are several reasons why you should consider starting a small handyman business in your area. Other than having the interest to fix minor things that need repair in the home, you may be in some of these situations.

Tired of working for other people. There are individuals who just don’t want to stay too long in their jobs and work for other people throughout their lifetime. They consider their present job only as a stepping stone to achieve their other goals. People who don’t have enough patience are more likely to get tired after being in their post for only several years. Those who aspire for promotion but don’t get what they want are also more likely to complain of tiredness.

Bored with current job. If you’re finding your work less of a challenge lately, you might need a change of environment. It’s true that doing the same routine every day can become monotonous resulting in a feeling of boredom and frustration. But with a business to run, there are many things that can keep you occupied.

Need more control of time and work. Working for a company means you have to follow a set schedule for your job. It may be a 9 to 5 shift or a nightshift depending on the type of work you perform. There’s no way then that you can stop working in between those hours (except for your scheduled break) just because you feel tired or you don’t want to work. But if you run your own business, you have control over your time and your workload.

Fear of being laid off. Let’s face it, the economies of the world have not yet fully recovered from the global financial crisis. Companies continue to slash jobs and reduce the number of working days in an effort to cut costs. If you’re unsure of your job security, maybe it’s time to think about going into business.

You want to be your own boss. Some people don’t want to commit themselves to working for a company for the rest of their lives. After quite some time and accumulating enough savings, they quit their jobs and decide to put up their own business.
If you fall in these categories, you may want to consider starting your own handyman business even just in your own home. In this way, you have total control of what you want to do, when you want to do things and how much earning to gain.