Fixing small problems around the house, tinkering with stuff, and repairing things to make them work as good as new, might seem a simple job.
But it can only be done by someone who has the skill, eye for detail, and passion for it. After all, these small things can make life terribly inconvenient if not fixed the right way.
If you are planning to start a new handyman business, the first thing you will need is a business plan. Use our sample Fixit - Handyman Business Plan created using upmetrics business plan software and write your business plan in no time.
Read on to find out more about the industry and important things to take care of before you start your business.
The handyman services market stood at a global value of 281.65 billion dollars in 2018 and has continued to grow ever since due to the increase in the number of people who look for repair services online.
Handyman services are high in demand due to their multipurpose nature. Most of the services are charged either on a per-hour basis or based on how challenging the job is.
From fixing curtains, bulbs to maintenance services, a handyman can take care of everything making their services in demand.
Things to Consider Before Writing a Handyman Business Plan
Find out the market for your services
As the handyman business covers a variety of services it is a good practice to figure out what services are in demand and how they are procured. It is also advisable to see what localities need handyman services the most and can help you have a profitable business.
Research about your competitors
Carry out thorough research about who your competitors are, what services do they offer, and how they reach out to their target audience. This gives you a head start on the services you should and potentially would have to offer, it helps you figure out a better marketing strategy and also gives you a chance to do something that'll help you stand apart from your competition.
Have handy skills to take up unexpected tasks
Handyman services are known for and sought after due to their multipurpose nature. Hence, you need to stay prepared for taking up unexpected tasks that come your way. It is necessary to have both the skill and the right equipment for such problems.
Get permits and insurance
Having the proper legal licenses ensures that you stay on the right side of the law. And having insurance is essential for a handyman business due to the nature of the work that brings about claims of accidents and property damage.
Insurance helps rest assured and focus on what really matters.
Chalking out Your Business Plan
If you have the talent and skill for fixing such problems, you can make it your profession through a handyman business.
All you need to do is find a way to get customers and a handyman business plan.
Reading sample business plans will give you a good idea of what you’re aiming for and also it will show you the different sections that different entrepreneurs include and the language they use to write about themselves and their business plans.
We have created this sample handyman business plan for you to get a good idea about how a perfect handyman business plan should look like and what details you will need to include in your stunning business plan.
Handyman Business Plan Outline
This is the standard Handyman business plan outline which will cover all important sections that you should include in your business plan.
- Executive summary
- Market Validation
- Short Term (1 -3 Years)
- Long Term (3-5 years)
- SMART Goal
- Mission statement
- Keys to success
- Financial Highlights
- Fixit - 3 Year Revenue Highlights
- Business overview
- Company Ownership/Legal Entity
- Interior Operating Facilities
- Hours of Operation
- Startup summary
- Products & Services
- Handyman Services
- Fixit will offer the following services
- Customer Service
- Handyman Services
- Market Analysis
- Market segmentation
- Market Trends
- Target market
- Fixit Market Distribution
- Competitive Advantage
- SWOT analysis
- Strategy & implementation
- Distribution Strategy
- Marketing and Promotion Programs
- Positioning Statement
- Sales strategy
- Marketing Channels
- Pricing strategy
- Distribution Strategy
- Operational Plan
- Organization chart
- Management Team
- Personnel Plan
- Hiring plan
- Jane Doe
- John Doe
- Financial plan
- Important Assumptions
- Brake-even Analysis
- Projected Profit and Loss
- Profit Yearly
- Gross Margin Yearly
- Projected Cash Flow
- Projected Balance Sheet
- Business Ratios
After getting started with Upmetrics, you can copy this handyman plan into your business plan and modify the required information and download your handyman business plan pdf or doc file. It's the fastest and easiest way to start writing your business plan.
Ready to Start Your Planning?
Now that you know how to write a business plan, it's time to create one for you.
Remember that problem and market analysis are essential, but implementation is what counts. Go through the process explained in this guide to start planning for your business.
We have created Upmetrics — business plan software to simplify the process of business planning.
Our business plan builder allows you to write and customize your business plan. Our sample business plans and inbuilt help tips will help you to get started with your writing even if you are no expert. Our business plan sections and charts will make your document visually attractive.
Our financial forecasting module will create all the essential reports automatically. You need to enter numbers, and the application will do all the math to generate all your financial statements. Later you can embed those reports into your business plan.
After completing your business plan, you can download your business plan in PDF or DOC file with Upmetrics. You can also share it online with investors just by a quick link.
Customize your Business Plan
All businesses are different. So, don't hesitate to customize your business plan according to your requirements.
Even though our sample business plans are to help you create the perfect presentation for your clients and investors, it is finally up to you to decide how you're going to present your ideas in the best light.
Business Planning Resources
We have plenty of free business planning resources available to help you with your planning. You can download our resources to learn all about business planning.