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Starting a business

How To Start A Handyman Business

In Australia, the tradesmen and handyman franchises are a $1.2 billion industry. From this fact, it’s understandable why you would think that pursuing a career as the owner of a handyman business would prove a rewarding endeavour. 

At this point, it’s expected that thoughts like ‘I’m starting my own handyman business; where do I start?’ have started popping into your mind. 

Starting a handyman business can be a long, even laborious, journey. However, after you’ve finished reading this guide, you’ll have the knowledge and confidence to embark on your new career path! 

In today’s guide, we have provided a step-by-step walkthrough detailing all of the necessary steps you must take to start your own handyman business. Additionally, we’ll explore how QuickBooks can help you streamline important administrative tasks so that you can focus on growing your business

What Is A Handyman Business? 

Due to their popularity, it’s unlikely that handyman businesses will ever see a major decrease in demand. The reason for this is that handyman businesses consist of professionals who can offer a diverse range of maintenance and repair services. 

From fixing a leaky tap to assembling furniture, a handyman business should employ individuals with specialised competencies that relate to painting, decorating, repair, tiling, joinery, and even basic plumbing. 

However, for small businesses that have recently started, simply having job-specific skills isn’t enough. 

Successful handyman businesses also demonstrate the ability to complete administrative tasks like invoicing or entering employee data onto a payroll system in a timely manner.

The key to a successful handyman business is dedicating the right amount of time between refining your professional practice and completing said administrative tasks. 

Beyond this, the most successful handyman businesses find ways to streamline administrative procedures, like using QuickBooks Online’s accounting software. We’ll touch more on how Quickbooks can help your business shortly! 

Starting Your Own Handyman Business

Now that you know what to expect concerning your duties as a business owner and the Australian market trends for tradesmen and handyman franchises, it’s time to start building the business you love.

Below, we’ve provided a step-by-step guide to help you build a profitable handyman business.

1. Determining Your Business Goals 

The first thing you must do before you pursue your passion for starting a handyman business is to clarify your reason for doing so. 

Whether you wish to start your own business to multiply your income or because you like the idea of becoming your own boss, you must identify what motivates you to embark on this journey. 

By doing so, you’ll have established a solid foundation for your business. It’s crucial that you determine your business goals before devising your business plan - your personal and professional objectives will help you guide your business to your visions of success. 

2. Creating Your Business Plan

Your business plan is where your initial ideas transform into a tangible structure. A well-designed business plan will contain every one of your business’s stages of growth. You should treat your business plan as a guide that will lead you to your business’s successful launch. 

Additionally, by taking the time to meticulously craft your business plan with complete transparency, you’ll increase your chances of securing funding and attracting prospective employees.

You should ensure that your business plan includes the following: 

  1. A title page, including your business’s name and the title of the document. 
  2. A table of contents. 
  3. A brief summary of your business plan’s most important details. 
  4. An introduction that introduces yourself and your business, including a description of your business’s goals. 
  5.  An itemized services list that you intend to offer to prospective customers. 
  6. A breakdown of the costs that you intend to charge for each of your services. 
  7. A market analysis that demonstrates your well-informed awareness of your service area. 
  8. A competitive analysis of other handyman businesses in your service area. 
  9. A marketing strategy that reveals how you intend to advertise your business to attract new customers. 
  10. A breakdown of your employment plan, including how many employees you intend to hire and for which roles. 
  11. Your financial projections. 

3. Registering Your Handyman Business

Now that you have a solid business plan to refer back to when needed, the next step is to register your business. Not only is registering your business a legal requirement, but it also gives you the opportunity to decide whether you are a sole trader or a limited company. 

Once you’ve registered your business, you’ll receive an ABN. ABN stands for Australian Business Number, and appears as a unique 11-digit number that your government and community can use to identify your business. 

You can apply for an ABN on the Australian Business Register (ABR) website. 

4. Investing In Training & Skills

Now it’s time to prepare yourself for your launch, but before you delve into essential financial aspects of your business, you must ensure you have the necessary training and skills to support your business. 

These training and skills don’t just refer to work-related competencies but also the following: 

  • Leadership and management skills. 
  • Attentiveness. 
  • Time management. 
  • Physical fitness. 
  • Customer service skills. 
  • Health and safety knowledge. 
  • A knowledge of current market trends. 
  • Problem-solving skills. 

5. Getting Insurance 

As a tradesperson, you should prepare for any potentiality where accidents may occur, or customers may feel dissatisfied with your services. 

Insurance will protect you in the unfortunate event that you find yourself in a legal dispute where you may have otherwise incurred fines or compensation fees. 

From personal accident insurance to public liability insurance, protecting your business and its reputation is worth the additional expenditures. 

6. Covering Your Finances 

Now, it’s time to focus on the financial aspects of growing a new business. 

At the start, you may initially experience a financial loss due to expenditures like insurance, tools, and equipment. To avoid a major financial loss, you should list everything your business needs with accompanying costs. 

If you aren’t in a position to financially support your business yourself, consider applying for a small business loan or government funding.

Another important financial aspect of running a business is filing taxes and creating professional invoices. With Quickbooks, accounting software, you can streamline how you conduct such administrative tasks by creating a tailored plan that caters to your needs as an independent handyman and business owner. 

7. Purchasing Tools & Equipment 

Purchasing a diverse range of tools will allow you to offer a vast array of services to prospective clients. Needless to say, purchasing tools that allow you to provide multiple services is a great way to generate more income from your business. 

However, what’s more important than purchasing various tools is investing in high-quality tools. If your budget allows for it, you should purchase tools that are durable and allow you to carry out high-quality services. 

8. Marketing Your Business 

At this stage, your goal is to maximise the visibility of your business in order to expand your customer base. 

Here are a few ways you can market your business effectively: 

  1. Create a website for your business. 
  2. Create social media accounts for your business. 
  3. Distribute leaflets and flyers. 
  4. Invest in vehicle graphics that show your business’s name and contact details. 
  5. Advertise your business in a local newspaper or magazine. 

How QuickBooks Online Can Help You Start Your Own Handyman Business 

As an aspiring business owner and tradesperson, simplifying the financial procedures of your business can prove a difficult challenge. With QuickBooks Online’s accounting software, you can streamline your invoicing process by utilising our free, customisable template, allowing you to build and maintain a trustworthy, professional reputation. 

What’s more, if you intend to hire employees in the future, you’ll find Quickbooks’s payroll feature incredibly helpful. With this software, you can automate all tax obligations, ensuring all payments and deductions are completely accurate. You’ll even receive comprehensive reports that exhibit indisputable financial transparency, further simplifying your bookkeeping. 

Getting Started With QuickBooks Online

By following this guide and exploring the several beneficial features of Quickbooks Online’s accounting software, you’ll grow your business with confidence. With Quickbooks by your side, you’ll have more time to refine your skill set, find suitable employees, and market yourself professionally to new clients. Given the post-pandemic recovery of the tradesmen and handyman franchises, there is no better time to bring your vision to life. 

Sign up for QuickBooks Online today and rest assured, knowing that you have access to an effective, easy-to-use accounting software that allows you to focus on growing the business you dreamed of. 


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