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Pricing is one of the top two most important topics when running a profitable service business - only second to marketing. Whether you're a pro handyman, contractor, or any service provider, pricing directly impacts your profits, and many mistakes and pitfalls exist that can quietly eat into your income and put you out of business.
In this episode, I discuss nine common pricing mistakes in detail. Knowing and understanding these pricing mistakes will save you time, money, and headaches.
The variety of jobs you see as a pro handyman is stimulating and enjoyable but can also limit your profits. In this episode, I discuss how choosing one or more services to specialize in can boost your income and even your enjoyment with your business. You'll learn six benefits to specializing, several disadvantages, and how to implement this for a general handyman business.
The handyman business is versatile, with many paths to generating a profit. In this episode, I break down seven different business models that are proven and profitable within the realm of handyman services. I talk about the pros and cons of each, and who would be best suited for each.
Many handyman business names have already been taken, but that doesn't mean you can't find a great name that helps you attract customers. In this episode, I talk about key business name criteria, ways to generate unique and catchy names, and how to make sure a name is OK to use and hasn't been trademarked.
In this episode, I continue on the topic I started in the last episode by sharing more about starting a home repair business on the side. $1,000 per month in five hours per week is a perfect goal if you want to prove that your business works before going full-time because it proves that you can make a six-figure income with your business.
Starting a business while working a full-time job can be challenging because you have limited time and energy to apply to your business. However, it is totally doable with the right mindset and a methodical approach. I've helped hundreds of people do it, and I share exactly how you can do the same in this episode.
Despite what many people assume, you don't need a contractor's license to operate a profitable home repair business. In fact, in some cases, it can actually be a hindrance. In this episode, I share my story of how I grew my handyman business without ever getting a contractor's license. I also share insights into what to consider before you invest the time and money to obtain a contractor's license. Ultimately, this about helping you decide if you actually need a contractor's license to grow your business.
Choosing a legal structure for your business is an important step that can affect how much you pay in taxes, your personal liability, and the amount of boring paperwork you have to deal with each year. In this episode, I cut through the B.S. and get straight to the point on which structure is best for handymen, contractors, HVAC companies, and any other small home-based service business.
This episode is all about how to start a profitable and enjoyable handyman business. There are many different approaches to starting a home repair business, but not all lead to an outcome that is both profitable and enjoyable. Here, you'll learn the essential steps to take to make sure you get started in a way that sets you up for success long term.
In this episode, I dive deep into the start-up costs for a typical handyman business. I share a list of common expenses as well as provide insights into where to invest your money for the highest ROI. Not only will you learn how much you can expect to spend in order to get started, but you'll also gain an insider perspective on the startup process in general.
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