Do you want to start your own handyman business? Here are 5 hidden things you might have to pay for when starting this sort of company.
Do you have a passion for DIY? Do you love helping people fix issues around their home? You might be tempted to start your own handyman business to help people out. However, it is no longer as simple as placing an ad in a newspaper. There are many things you need to do and hidden costs that might apply to you like this type of business owner. Here are 5 hidden costs you might encounter when setting up your own handyman business.
Van Maintenance
As a tradesman, you might need to invest in a van to help you get between your jobs. Investing in a van will give you all the space you need for your tools and equipment. However, you are going to have to pay for commercial insurance and maintenance fees to keep it on top form. Depending on the age of the van, it might also have to have a yearly MOT.
Tool Insurance
Your tools will be some of the most important purchases you make as a handyman. You need to make sure that they are properly insured so you are able to replace them in the event of theft or breakages. Hiscox offers comprehensive tool insurance for tradesmen so you can be certain that you are getting the coverage you need from a reliable source.
Uniforms
An easy way to build a brand reputation involves a uniform. It can look messy if you or your apprentice turns up at a customer’s door in an old jumper and work trousers. Even if you keep it simple with just a polo shirt, it will help to give a little professionalism to your company.
Gadgets
In today’s modern world, there are many devices that can help you with your job. From tablets and mobile phones to more, you might find that you need to invest in something new to help you with your business. Many business management solutions offer apps which you can use to make appointment management and invoicing easier. However, even buying a second-hand unlocked smartphone might end up being quite expensive.
Marketing
You are going to have to get to grips with basic marketing and social media to help grow your business. From running ads to showing off your before and afters of your jobs, there are many ways your marketing will boost your business. For maximum profitability, consider hiring an expert to help you come up with an effective plan to boost your online presence and attract new customers.
These five costs might not seem like much but they are incredibly important when trying to boost your business and get you well-established in your local area. If you are able to budget for these costs during your initial set-up, you might be able to meet them without any issue. Take a look at some of the costs you will need to meet as you set up your business. With a little luck, you will be able to get past your initial spending period with little effort and you will be on the way to a successful handyman business.
