Owning and operating a handyman business, like any other small business, is self employment. This means you work for yourself and you either do it all or are responsible for getting it done for yourself and your customers.
Self employment has always offered the freedom of doing your own thing but if you are make a living at it you must be willing to face the hard work of doing it all yourself. This is especially the case when first starting out with a small investment. There is seldom the available funds to employ others. That is the case for most individuals starting small businesses but for those with the determination, the skills, and the business acumen, self employment can lead to a good living standard.
For many years getting health insurance was one of the most significant obstacles to successful self employment. The only coverage I could afford when I started was major medical and that only with an excessively high deductible. Today that obstacle has fallen away, removed by the Affordable Health Care Act which makes quality health insurance available to self employed individuals at affordable rates.
If you have handyman skills, now is the time to start your own handyman business and establish yourself in a position that will pay a living wage and can’t be terminated by anyone else. You can even start part-time and then expand it into a full-time business. Watch this blog for more information.
The economy continues to improve slowly and the number of jobs available has grown significantly. Nevertheless, many of these new jobs are at much lower wages so much so that the median income has declined by $5,000.00 per year since 1999. This makes self employment especially attractive.
The housing market also continues to improve but it’s still much more difficult to get financing. While this is not good news, it does bode well for the handyman business because people tend to remain in their homes and remodel and repair them. Even those who are purchasing homes are often opting for houses that need work and that’s where you come in. That is a brighter side for those considering starting a handyman business or self employment in some other field.