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Basics of Starting Your Handyman Company

Sometimes it hard to know where to begin when starting any Construction Company including a Handyman Company.

• First Place to decide what type of contracting business do you want to start.
• For many contractors, the Place To Begin is to choose to be a handyman.

Why do I suggest a Handyman?

• No one expects a Handyman to have the skills of a High-End Finish Carpenter.
• It will give you an opportunity to try many things.
• Learn how to make simple repairs.
• Determine what you like to do and learn the skills associated with that trade.
• Many states have a basic license for the Handyman.

The best place to learn about starting up and operating a highly profitable Handyman Company is Dan Perry Handyman Startup. Here is a link to his online course that is only open twice a year. Get on the list.

The next steps are all about Company Structure. We recommend being an S-Corp because it has several benefits over any other structure like LLC, C-Corp, and Partnership.

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Today's podcast guest is Dan Perry, founder of HandymanStartup.com

Tell us about your background and how you came to be where you are now.

I started my handyman business back in 2011 and was a complete novice when it came to business. But, I was determined to learn because I didn’t want to have to go back and get another 9-5.

So, I invested in learning sales and marketing from other industries since the stuff for handyman and contractors seemed outdated. I applied and tested these strategies in my own handyman business, and got great results and quickly had a full schedule while charging a premium.

Since, I’ve continued to learn, but I’ve turned a lot of my focus to helping other handymen and contractors through online training, so they can apply these strategies to grow their profits.

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Handyman Contractors Are High Profit Low Risk Construction Niche

Lately we have been tracking how many new clients own and operate Handyman Companies and the results are surprising. We have always known them to be a high-profit low-risk type of business that for the most part is not as severely impacted by ups and downs of the economy. Nowhere near other segments of the construction industry

When the economy starts slowing down a predictable shift takes place:

• Spec house builders start building custom homes and lose money because the dynamics of Spec Vs. Custom.
• Custom home builders feeling competitive price pressure from spec house builders start doing remodels lose money.
• Remodelers feeling competitive price pressure from custom home builders become handyman and lose money.
• Handyman contractors notice some of their opportunities dry up so they tend to have more time for add-on sales.

When the latest recession began in early 2009 contractors were hit especially hard and are just now beginning to recover. If you earn your living as a handyman here is some important information just for you starting with a Podcast interview of Dan Perry founder of Handyman Startup.

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