5 Tips for Becoming a Professional Handyman

Do you constantly find yourself helping friends or relatives with minor home repairs? You can turn that passion and knowledge into a lucrative source of income. Research has shown that most homeowners won’t attempt to make minor repairs. Instead, they prefer hiring a professional. That means pursuing a career as a professional handyman can pay off down the road.

Like most professions, many perks come along with a career as a professional handyman. It gives you the flexibility to set prices, pick what job to do, and working hours. Whether you’re aiming to make extra money or change your career, becoming a professional handyman provides endless opportunities and flexibility. Plus, it is never to pursue a career as a professional handyman. Here are a few tricks to turn your knack for fixing minor repairs into a lucrative profession.

Choose Your Service

Indeed, a handyman is open to exploring any repair requests that may come their way. However, it would be helpful if you determine your area of specialty. Begin by noting down the tasks you can handle and narrow the list down to jobs you’re passionate about. Compiling a list of tasks you can handle will improve your client acquisition and marketing message strategy. You will also be able to manage time more effectively.

Get Disability Insurance

Accidents on the job can happen to anyone, but those working around power tools, heavy machinery, and structural works-in-progress are at greater risk of injury. With this in mind, short term disability insurance is something every licensed handyman should consider. Check out the monthly premium cost, review the claim process, and research events that are covered under certain circumstances. These facts will help determine the level of coverage you need to avoid overpaying. Note that it might behoove you to convey the presence of a disability insurance policy to potential customers. Research has shown that most clients feel secure and comfortable hiring a licensed and insured handyman instead of hiring an uncovered professional.

Apply for a License

You must abide by the local regulations if you need to take your career as a handyman to the next level. Check with the local licensing authorities for updates on licensing fees and the necessary paperwork for operational permits. Some states require professional handypersons to file for a contractor’s permit before they commence their operations. Most construction and building works need a handyman or handywoman to have a license before signing any contract. It may also be necessary to apply for an employer identification number on the IRS website. The EIN helps identify your profession as an entity and proves that you’re compliant with income tax laws.

Choose Your Branding Name

A career as a handyman can be competitive. There are a lot of people out there who are as knowledgeable and skilled as you are. However, never let this distract or discourage you from pursuing your career as a handyman. Take time to build your professional image and branding before you get started. Begin by selecting a professional name that conveys what you do and who you are. It should be unique enough to distinguish you from other companies appearing in local searches. Then, seal the deal by registering your official name with the local authorities. A simple yet professional image and branding option may be appealing to the broader audience. Creative ways to brand yourself include labeling your vehicles, attires, and online platforms with unique logos. You may consider working with a professional designer for designing a unique logo for your brand

Separate Your Business and Personal Finances

The first reason for this is that it is difficult to separate business and personal expenses alongside each other. Professional handypersons should separate their business and personal income and expenses before they even apply for financing options. The separation will also protect your assets from losses and debts incurred by the company. Distinct bank accounts will also reduce the complexity of many financial processes, including insurance payments, tax preparation, bookkeeping, and payroll. Business bank accounts also allow for the utilization of digital accounting software.