1. Low start-up costs: Starting a handyman business does not require extensive education or equipment, so the cost to launch is minimal.
2. Flexibility and freedom: A handyman business offers the opportunity to work independently and have great flexibility in your day-to-day operations.
3. Potential to make a good income: An experienced handyman can earn an excellent living, especially if they specialize in certain services or offer emergency repair services.
1. Limited potential customer base: Depending on the size of the area you serve, there may be a limited number of potential customers.
2. Lack of expertise: If you’re not experienced in home repair, you may face difficulty finding and completing jobs without help or advice.
3. Liability risks: Accidents can happen on the job, so make sure to have insurance coverage to cover any potential liability issues that may arise.
4. Long hours: Working as a handyman can require long hours and late nights, which can be difficult to manage with family life or other commitments.