Hello all,
OK so we have our business up and running and you are getting customers. Now what? When you start a handyman business you need to be thinking a couple of steps ahead. What I mean by this is you need to decide where you want to take your business. You need a plan.
In a perfect world everyone who starts a business will write a business plan before they start their business. However, lets face it, most people who want to start a handyman business want to get it up and running quickly. Since this is a relatively easy business to start, many people will not plan for the future. Do not make that mistake.
Once you have started to get customers and bring in some money, you need to really do some thinking about what direction do you want to take your business. You need to have an advertising budget, you need to have a cash flow plan. In its simplest form this is making sure you have enough cash on hand to get through the slow times. Other items you need to consider, will you expand the work you do? Will you hire employees?
All of this should be written down, even if all you do is hand write it, so that you have some idea of what you want to do. You do not want to get into a bind then have to make important decisions like these.
There are a lot of books written about business plans and you can find many at your local library. I suggest that you pick up a couple and go through them. They will give you some good ideas on what you need to included in your plan.
However, do not let this important step go to long without getting it completed. Your business survival depends on how well you plan for the future.
Until next time.