What does a handyman technician do? What licenses do they hold? Considering
the daily activities of a handyman technician, skills like specialty training,
certifications, and experience come to mind. Now consider a handyman business itself.
While great techs are the lifeblood of that business, somebody needs to
understand and lead that organization with a very different set of skills.
While there’s always room for overlap, there’s no reason you
need to be an expert technician to run a successful handyman business.
What Does it Take to Run a
Mr. Handyman Business?
So if it doesn’t take technical skills and experience to run a handyman
business, what does it take? For a lot of technicians who decide to become
their own bosses and start their own businesses, they learn the answer
to this question the hard way. Understanding the daily workflow of a technician
is helpful knowledge when it comes to running a handyman business, but
there are a host of other necessary skills needed to build a successful business:
- Budgeting and cash flow management
- Marketing and promotions
- Recruiting and employee retention
- Payroll and client administration
- And more
An all-too-common story is one in which a great tech goes into business
for themselves, and encounters business catastrophe from a lack of applicable
business skills. A business-savvy professional, however, can control and
steer a handyman company towards growth and profitability without the
prerequisite of knowing how to re-shingle a roof.
The Unique Challenges of Running a Mr. Handyman Franchise
The handyman industry is truly unique, and requires an experienced business
professional at the helm. Because of the versatility of handyman services,
a business must be flexible and adaptable, as well as accessible to myriad
types of clients. One service call might be a commercial siding job, while
the next could be fixing a residential clogged sink or toilet. Incorporating
a wide variety of both commercial and residential services into a business
model is just one example of the challenges facing this tricky but lucrative
$3 billion dollar industry.
The Handyman Industry: Understand the Projections
Another reason business leadership is so important for a handyman business
is the ability to look ahead to the future and base your decisions on
projections, both economic and technological. Homes, commercial facilities,
and their appliances are all getting smarter, and therefore technicians
will need to stay abreast of the latest residential and commercial technological
changes in order for your company to stay relevant.
Whether you’re a young entrepreneur with business management training
and skills, or a retired manager looking for a new startup opportunity,
Mr. Handyman is looking for business leaders capable of running a solid
business in this promising sector.
To learn more or to speak with a franchise developer, contact us today!