Do I Need to Have a Catchy Name for My Handyman Business?

If you’re interested in selling your business down the road you will want to have a catchy name.  It would be pretty tough to sell Jim Smith’s Handyman Service to Jenny Jones! But there are some downsides.  Using a fictitious name (any name that isn’t your given name) will cost you some extra money.  Once you’ve chosen the name you’ll…

Read More→

Who is Required to Have a City Business Tax Certificate?

If you do work within the city limits, where ever you are, there is probably a business license requirement. Here is a quote from the City of Santa Rosa’s website:  “Any person whose business is located in the city or conducts business in the city must apply for a business tax certificate within 30-days of the date the business commences….

Read More→

Can I Open a SEP-IRA Retirement Account?

According to the IRS; businesses, corporations and self-employed individuals can open retirement accounts including the SEP-IRA.  As a self-employed handyman the amount you can contribute is dependent on your profit for the year. It is not easy to calculate your allowable contribution.  Always looking for a bargain, I opened a SEP-IRA at one of the large discount mutual fund families. …

Read More→

About Invoicing and Billing for Handyman Work

To promote a professional image and set yourself apart from your competition, you must use a professional looking invoice.  Customers appreciate having a paid invoice and you will find that all commercial work will require it.  The invoice that I use carries my logo, name and address, and has a place for the customer to sign that they have accepted…

Read More→

Should I Accept Personal Checks?

Yes!  Most customers pay by check.  However, when in doubt do what the corner merchant does to cover himself.  Write the customer’s driver’s license number on the check to prove you checked their ID.  In order for the police to help you collect on a bad check, you will need to be able to prove who it was that signed…

Read More→

Should I Ask To Be Paid in Cash?

No.  And don’t offer a cash discount.  Never tell a customer that you prefer to be paid in cash.  Asking for cash is bad business and a dead give away that you are cheating on your taxes.

What About Preliminary Notices and Mechanics Liens?

Here is a definition for you:  A Preliminary Notice contains language which describes the details of the contract and who the interested parties are to the transaction.  It also makes a statement to the property owner that a mechanics lien could be placed on the subject property, what the consequences of such a lien placement are, and what their remedies…

Read More→

Does the Truck I Drive Really Matter?

Yes!  A handyman’s truck should tell the world that they are dealing with a reasonably priced professional.  It should indicate to your customers that the owner is clean, organized, efficient, and serious about their work. Buy a good used truck or a basic new truck like I did.  Don’t get anything too flashy because it will make you look too…

Read More→

What Tools Do Handymen Need?

You don’t need a long list of tools!  To get my business off the ground I bought one of the 4-piece, 18 volt cordless tool sets. When combined with the small box of tools I already owned, I was in business!  It was that easy. The tools you need will be dependent on the types of work you take on….

Read More→

When Should I Rent Tools Instead of Buying Them?

A Rent vs. Purchase Case Study: A pressure washer is readily available from an equipment rental yard.  The first time I needed one, in order to save on the rental fee, I borrowed a pressure washer from another handyman.  He instructed me in all the intricacies of getting it started.  After pulling the cord about 20 times and fiddling with…

Read More→