Introduction
The handyman industry has seen a steady rise in recent years due to the ease of setting up shop and the wide range of services offered. If you’re looking to start a handyman business in Tennessee, there are certain steps you will need to take to ensure your success. This article will provide an overview of the handyman industry, why you should consider starting a handyman business, and outline the steps needed to start a handyman business in Tennessee.
Overview of the Handyman Industry
Handymen are skilled professionals who specialize in providing general maintenance, repairs, and home improvement services. These services can include anything from plumbing and electrical work to carpentry and painting. Handymen usually operate as independent contractors, so they don’t have to worry about the overhead costs associated with running a full-scale business.
The handyman industry has been growing steadily in recent years and is expected to continue to do so. According to IBISWorld, the U.S. handyman industry is estimated to be worth $13 billion and is projected to grow at an average annual rate of 3.8% through 2022.
Reasons to Start a Handyman Business
Starting a handyman business can be a great way to make money while doing something you love. There are many reasons why starting a handyman business can be a good idea:
- You can set your own hours.
- You can determine your own rates.
- You can choose which projects or services to accept.
- You can work with a variety of clients.
- You can build relationships with customers.
- You can take pride in the work you do.
These are just a few of the reasons why starting a handyman business can be a great career move. With the right planning and preparation, you can be successful in this field.
Outline the Steps for Starting a Handyman Business in Tennessee
Before you can begin operating a handyman business in Tennessee, there are certain steps you will need to take. Here is an outline of the steps you will need to follow in order to start a handyman business in Tennessee:
Research the Necessary Licenses and Permits for Operating a Handyman Business in Tennessee
Before you can legally operate a handyman business in Tennessee, you will need to obtain the necessary licenses and permits. Depending on the type of work you plan to do, you may need to obtain a contractor’s license from the Tennessee Department of Commerce and Insurance. You may also need to obtain other licenses or permits, such as a building contractor’s license or a plumbing license.
Develop a Business Plan for Your Handyman Business
Developing a business plan is an essential part of starting any business. Your business plan should include information about your services, pricing, target market, marketing strategy, and financial goals. It should also include a budget and timeline for reaching your goals.
Decide What Services You Will Offer as a Handyman
When starting a handyman business, it’s important to decide what services you will offer. Consider the types of projects you are comfortable working on and what skills you possess. If you are unsure of what services to offer, you can always start small and add more services as you gain experience.
Investigate Insurance Options for Your Handyman Business
In order to protect yourself and your business, you will need to invest in insurance. The type of insurance you need depends on the services you offer and the size of your business. Common types of insurance for handyman businesses include general liability insurance, workers’ compensation insurance, and professional liability insurance.
Types of Insurance Needed
General liability insurance protects you if a customer or client is injured or their property is damaged as a result of your business. Workers’ compensation insurance covers medical expenses and lost wages if one of your employees is injured on the job. Professional liability insurance covers claims against you resulting from negligence or mistakes in your work.
Cost of Insurance
The cost of insurance will vary based on the type and amount of coverage you need. Before purchasing insurance, shop around and compare quotes from different providers to find the best deal.
Market Your Handyman Business to Potential Customers
Once you have the necessary licenses and permits in place and your insurance is taken care of, it’s time to start marketing your handyman business. Here are some effective ways to promote your business:
Utilize Social Media Platforms to Promote Your Handyman Business
Social media platforms like Facebook, Instagram, and Twitter are great tools for promoting your business. Create accounts on these platforms and post regularly about your services and any special offers you have. You can also use social media to engage with potential customers and answer questions they may have.
Advertise in Local Publications
Local newspapers and magazines are another great way to reach potential customers. Place ads in these publications that highlight the services you offer and how you can help them. You can also distribute flyers and brochures in your local area.
Create an Online Presence
Having an online presence is essential for any business. Create a website for your business where customers can learn more about your services and contact you. You should also create profiles on popular review sites such as Yelp and Angie’s List.
Conclusion
Starting a handyman business in Tennessee requires research of necessary licenses and permits, developing a business plan, deciding what services to offer, and investigating insurance options. Marketing your handyman business is also key for success. By following the steps outlined in this article, you can be well on your way to starting a successful handyman business in Tennessee.
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