Watch How to Write a Handyman Business Plan

Video Transcript

Introduction

Hey all, my name is Paul Borosky, and I’m the owner of Quality Business Plan. Today, I’d like to share some tips and tricks on how to write a Handyman Business Plan. So, without further ado, let’s dive into this PowerPoint presentation I’ve prepared for your viewing and listening pleasure.

Tip #1 – Strengthen Your Company Description

When reviewing handyman business plans, I often see great descriptions of services—painting, trim, drywall, tile work, or general honey-do lists—but weak explanations of strategic advantages.

For example, if your home office is near your service area, that’s a competitive edge. You can respond faster, cut travel time, and reach more clients daily. Document that in your plan—it’s an operational advantage investors respect.

Tip #2 – Industry Research Done Right

Many handymen focus only on local competitors, but that’s a limited view. Start with national trends—from trade associations or remodeling publications—to see what customers value across the U.S.

Then, identify which of your local competitors have already embraced those trends. Those are your true competitors—the ones setting the standard you’ll need to beat.

Tip #3 – Master Your Marketing

Most handymen have decent websites and rely heavily on word of mouth. That’s good, but social media is where many fall short.

Consistency and persistence matter. Post before-and-after photos regularly—two, three, or even five times a day. When potential clients see high-quality work consistently, they associate your brand with reliability and craftsmanship.

Tip #4 – The Funding Request

Every business—yes, even a lemonade stand—needs money to start or grow.
When creating your Funding Request section, be specific:

• State the exact dollar amount needed (e.g., $40,000—not a range).

• Break down how funds will be used: vehicle, tools, marketing, working capital.

• Ensure the total equals your original request.

This structure shows lenders you’re organized, realistic, and prepared.

Tip #5 – Financial Projections

Investors and lenders want to know the story ends profitably.
Here’s a simple structure you can use:

1. Revenue Sources: Service calls, monthly maintenance, and other work.

2. Pricing & Costs: Define average prices and variable costs (materials, supplies).

3. Gross Profit: Subtract variable costs from prices.

4. Monthly Totals: Multiply daily profits by workdays per month.

5. Fixed Costs: Include labor, rent, insurance, marketing, and utilities.

6. Net Profit: Gross profit minus fixed costs.

Use this as a working spreadsheet—adjust pricing, volume, or costs to forecast different profit outcomes.

Final Thoughts

To summarize:

• Follow a proven format specific to handyman services, not a generic template.

• Keep the business as the star—your experience supports it, but the plan should center on the operation, not the owner.

• If you need help writing, editing, or adding financials, contact me anytime.

For more resources, visit QualityBusinessPlan.com and check out my books on Amazon for detailed guides on writing business plans.