What I Made My First Year As A Handyman | THE HANDYMAN BUSINESS |
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- čas přidán 24. 07. 2022
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#thehandyman? #thehandymanbusiness
I've been watching you for for 3 years while I was doing hotel maintaince, you taught me a lot, in March I got my LLC, I was still full time 9-5, I went full time self employed in September and month later I've made more money than I have in a year of working full time, I luckily had the problem you mentioned, stressing about scheduling all the work coming my way! I'm a high school drop out and 27! You helped change my life!
Sounds great. I'm curious, what are the demographics where you work?
Why would you waste money on a LLC before you even start the business? As Andrew Tate says money in not money out. He talks about how people think they need to spend thousands to start a business before they can earn money false. Especially Handy man all you need to spend is around $500 for power tools and hand tools then you go advertise and work and get paid that's it no LLC needed until you are bigger with employees. Liability insurance is a must.
Hope everything is going well man, just seen your comment but if you have time to talk about what you did personally to start I’d love to hear about it
@@chriss4365why would you denounce a fellows choice that is actually working for him? Piss off…
@@chriss4365I can't spray for every location but homeowners In my area won't even hire you unless you're a legit legal business. The ones who will hire without credentials want you to basically work for free
I have been a small business owner (sold my business a few years ago). Best way to do retirement savings if you have just a few employees or just you and your spouse is whats called a “Simple IRA” it allows you as the owner to set a percentage match up to 10% of your profits and match yourself. So you can shelter a lot of your annual profits into retirement. Get with a retirement pro and ask them about it.
Well, you got me to do it Handyman!Officially started my self employment journey as of this year, 2022! Keep these videos coming cause they help me tremendously, and thank you for inspiring me to go for it!
You have helped so many of us gain the confidence to go out and work for ourselves!! Thank you my friend! 😎
14 years of experience! Definitely gonna subscribe. I’ve finally learned to listen to experience lol
@The Handyman Business
CONGRATULATIONS on the silver ▶️ button…..lot of hard work to get that and deserve 100%. Great Job👍🏻👍🏻
Ha! You lived on a sailboat too! I discovered your videos three years ago when I returned to my handyman business after 26 years with the PD. Thank you for the encouragement, I think it is fair to say I am enjoying my second (third?) career more and making more money because of you! Thanks!
Awesome information. Thank you. You have a lot to be proud of and thankful for, due to your hard work and tenacity. More power to you. Peace and good fortune and good health to you and your family. 😃
This man is spitting FACTS! When you're the boss, there is NO DAY OFF FROM FEAR. SAVING is the only solution. Save, and socialize to meet new clients. Life is sales!
Excited for this Handyman. Love to see more videos on this channel!
Always a pleasure to hear your story bud. I'm approaching my 10th year and I'm successful, humble and proud to be a multi skilled tradesmen. I've watched your channel and listened intently over the years and I accredit some of my approach to business to you sir. Now I gotta just focus on getting better at the financial planning aspect of it.
SAVE SAVE SAVE! Learned that lesson the reaaaal hard way. I’m only 22 and starting to gain some real momentum. But my first year working self employed was rough. I didn’t have anything saved and winter came and work went down. I started an emergency fund. Something I can live off of for 3 months with no work whatsoever. I also always have padding in my checking account. Just in case I under budget I have that padding to help out. Also doing quarterly taxes is a HUUUGE help
Great stuff dude. Been missing your videos on this channel. Lots of valuable content here.
Thanks for all the great advice, congratulations on hard work paying off!
Love the video and love the story. Thank you for sharing and God Bless! I'll be tuned in. Cheers!
I agree with all you said and way to go on your saving money. I was raised up in construction and then became a builder in Central Florida.
Congratulations on your award Handyman! You deserve it brother
Everything you said is spot on! You think the pandemic was hard being self-employed, the 2008 housing/financial crash was WAY worse! Lots of contractors I know closed up shop and went into a completely different line of work. I stuck it out and only survived because I had good strong relationships and was flexible with where my work came from.
Great advice Handy to save. I preach it to my kids all the time. Enjoy the summer!
I have been doing home repairs and remodeling for over 40 years, I'm 72 and yes still can't resist getting my hands dirty, but I have found that if you run the business properly, the business will want to run you, it's a balancing act.
Congratulations on the button!!!! Glorious
Thank you so much for answering my question!
I appreciate your help.
everyone goes on vacation so yes july and august just slow down a little which is nice because i use that time to relax and fix the trucks and work on my own stuff
The problem is not getting enough customers it's getting paid for what the job is worth. Customers are increasingly becoming cheap
You peanuts get monkeys
@@jaysandt8491 did he do the job agreed to or not? If he didn't do a good job that's one thing. But if he just did it but did it fast, he's out of your hair quicker and he used his experience to do so. Better for everyone. Also he has to travel from job to job. Maybe you're far away
@@jaysandt8491 people get paid millions for throwing a ball around. $150 is nothing in today’s currency value. And I mean absolutely nothing. I own a business, and just to fill my one truck up with diesel is $200. Mind you it’s a $60,000 baseline package work truck, not anything fancy. A trailer is $10,000, paying an accountant cost you two grand a year no, as a self-employed person you have to buy your own medical insurance, find your own retirement, etc. in addition to working more hours than most employees do that have all of that. Anyone would be foolish to show up for any job for less than $150 today. A lot of companies in my industry, and in other industries from a contracting perspective, charge $250 for an in person consultation/estimate. Just so they don’t get run ragged by tire kickers trying to find the cheapest company to do the work, and then go out of business because of it.
@@danielcourtney7045xactly my thoughts. Sounded like I wrote that😂. Trick is to be selective or your customers, not them select you. It’s what I’ve done as a one man show, which is easier than a company with employees. And then keeping those as regulars and I just stay away from the cheapskates. If Anyone new potential customers can’t afford $300 for me to go waste half of my day and consult about their potential projects and them pay another $100 for me to put pen to paper, well….then they just can’t afford me
I always have said, if I’m not charging enough, it’s my fault, as I make my own prices……go find you good customers and stop working for the cheap ones
Congratulations on the 100k this is super gold info!
Love your videos. I’m at the beginning of starting my own handyman business, thanks for the advice, I live in a decent rich area. I might start a CZcams channel to show how far I come with it. Take care wish you well. 🎉🎃
Thanks for sharing, transparently.
Congratulations Mr. Handyman
Happy to see you receive this milestone- Nice
I just wanted to say, as an IT business owner, I really enjoy your channel's and like listening to your business talk as I think it applies to most self-employed people like ourselves. I'm always looking for nuggets and insight on the business side. Thanks!
Dude your the best. Please keep videos exactly like this one coming. Gives us small fish a reason to keep truckin baby. ❤️
This information it’s gold.
Thank you so much. I look forward to watching a bunch more of your videos!
Handy doing work!!!! Can't wait to see the shop in your new multi-million dollar home!
Nice Video. I wonder of working for those slum lords was a great place to hone your craft because the expectations were low?
My grandpa was a handyman and built his dream home, but couldn't maintain it in his later years. He lived his last 20 years in a nice double-wide trailer home.
My dad built his dream home but all he talks about is how sick he is of mowing the huge yard and keeping up such a large house.
Thank you again for making this content.
First!!!! It’s nice to have a video again and what a comeback video it is. What awesome info and insight. Thanks Handydude.
Congratulations 🎉
Here we go, apprenticing for a year and I turn down side work every day because I work so much. I’ll be watching weekly.
Great stuff, roofing company owner here. July has definitely been one of the slower months for me but I’m glad I haven’t splurged too much during good months besides a new dump trailer which goes back into the business. It’s time to keep overhead and expenses low during these times
Thank you, you have given me motivation to start my day today.
I love your videos. Thank you for the great content.
I love this type of content
It’s funny and I know you mentioned fluke places like Texas and California with cheap labor, but most places, I’ve never seen a better time to be in the home repair business. I’m not in it anymore, got out 30 years ago, but so happy to see people in the trades finally getting the respect and pay they deserve. 30-35 years sgo, it was tougher for sure but I still did ok. My only gripe now is, anyone that is good at their trade, are 6 months booked up, or never show up. I just decided no matter how much it hurts, if I work 1 hour a day, I’ll have the project done in less time than it takes to wait on someone that’s supposed to come in 6 weeks, they never show, never call, 9 weeks, nothing, done depending on anyone
Congrats guy!
Been missing you, thanks for all your information!
Thanks for watching!
Great advice!!
Just came across this channel and have been looking to go self-employed with a handyman business. My city and state is exploding with new people and I hope they need a handyman for some of their projects!
34 years later, I own three houses, two trucks and a suv. I retired last year at 58. Hint….don’t negotiate and learn how to put a lien on a property
Love hearing about young "boat life" handyman 💕👍
PS- congrats on the 100k play button, I'm half way there now! 😁
Great video handyman !!! thanks
Congrats!! Took a break from tiling a bathroom remodel and, Handyman's got a new video out just in time for a breather! Thanks
And, yes! PLEASE do a podcast!!
Appreciate this video. Rentals are the way to go.
looking forward to the increase in business related content handyman. 👌
So I liked the video and progression. What I did was start a small property management company (got real estate brokers license) i service those clients and then purchase my own rental properties. Both of those have help stabilize the slower months.
Thanks! Do you ever show the Property Managers the GoPro video of your repairs or broken stuff?
congratulations!
podcast is a great idea. i would listen. you are very entertaining and surely have many many stories!
The problem with rentals is finding good renters. If you get a renter that doesn't pay it cost a lot to get them out. Cost are attorneys and time with no rent being paid. If you have a good renter that pays rent on-time every month then rentals are great.
Congrats on the play button award ▶️
Love the content!
It's so refreshing to hear somebody be honest about how they came up and how they spent their money... Thank you sir
great video 🛠
Nice video. I just bought my second house in LA CA. It's already hacked. 3 rentals from that property. I live in the fire those I bought my I jacked that one myself.
The next one I purchase will be an official rental. And the 4th property will be my forever house. Same plan, we just started at different ends.
Love the videos man. Keep it up!.
General maintenance and repairs my first legit year coming , filing with the state this month for my LLC will be watching for tips
Very interesting video, thanks,
Thanks for the video =)
Love the information. Absolutely fantastic and much appreciated. I think you’ve covered this before but I’d be interested in you diving deep into how do you get your work?
all word of mouth. I used craigs list a few times in the beginning.
@@TheHandymanBusiness thank you very much for your response. Very appreciated.
@@mattcasoni Doing good work is first and foremost, but honestly, it could be more important, that you work on your business appearance and professionalism...bottom line they have to like you as a person. Even as far as staying fit and well groomed. In comparison to others they want me, after our first meeting and bid.
I feel like I’m watching a young handy man version of Phil from duck dynasty haha I love it. You sir exude wisdom, thank you for the vids. Keep ‘‘em going.
Great video
Congrats
Great Job Handyman. I'm in year 3 of my Handyman Business. Looking to make more Dinero. I'm in Colorado Springs there is money to be made. I always appear to under bid my work. I know my worth and am aimed at those who can afford me.
Yes, I think that is a high-income area You should be able to charge a good amount there!
Oh! Podcast would be cool. Then you can record while your driving and publish it when you get to the next job. Great idea!
Mini-split in the workshop = good times!
Thanks for talking about a subject that’s a bit “taboo” in the trades, and pretty much every other business out there.
Ppl just don’t wanna open up that can, but there are ppl that tell ya “how to invest”, etc……but not discuss the “hard/tough” questions like you talk about in this channel.
That, Sir, is pretty nice of you and we all appreciate you doing this and answering our questions.
Cheers✌🏻
Awesome!
Great video with some great advice! Only thing I did differently was got into rental property before the forever home. I learned from one of my mentors in construction that he had several rental properties that supplemented his income for those down times.
Yeah BUOY! Shred it!
Thank you.
Your advice via your CZcams videos has really helped me be in control of my future financial well being.
Your advice and tutoring has not steered me wrong in over 3 years.
Thank you and keep on the path.
Another area to get into if you're handy is car maintenance and small repairs. Maybe a "vehicle handyman" business ?? Used cars are in demand and many people are trying to keep their cars going as long as they can. Simple maintenance can be done almost anywhere, but most people don't know how to do it. Most recently a regional chain wanted to charge me $1,000 for new brakes and rotors on a 2009 Toyota. I said no and did the work myself for $200 in parts. There is money to be made there. Thanks for posting and being upfront about your operations and history.
I do like your videos……very informative
Glad you like them!
Congratulations I like to watch what people would pay for that can be super simple.
Interesting... thanks for the vids, just found your channel by chance... good stuff both on this channel and the "practical one" :)
I love (and do some) handyman-related work myself and I've seen more appreciation from people when I solved say... an electrical issue, rather than being appreciated on other work which I do well I dare say (it's of non-handyman-related kind) that I've done at large companies.
That said have a couple questions 1) why in NY sub-S it's no go and Texas is a must, could you elaborate on that? 2) So since you put 15k in tax savings account each quarter does that mean you're paying 60k/year by April 15?. Or do you "over-save" in that account to make sure you have enough? Asking because you must have some write-offs that would allow you to lower a bit your taxable in come with all the tools and materials you need to buy for the business and to keep in business.
Thx and keep up the great plans ;)
Cheers!
Yes more
Nice video. Great content.
Just an idea, buy the rental houses first. Let them pay your super loan
so I am quite handy and I would Like to know the best way to get started thanks again
When did you buy that nice Rolex submariner I’ve seen in other videos. That’s my grail watch but I’ll never see one. I love your videos and appreciate you sharing your knowledge and everything you’ve learned doing this thing on your own. Respect ✊. What about buying rental properties then you can do all repairs that would be needed for when work is slow you at least have that rent money coming in?
As a 37yr old who's parents owned there own business my whole life I can tell you that in the 20+yrs my IRA has been open it's done very well..even durring covid. I still contribute towards it every month.
cheers handybois
I’d like to know how do you price the roadside assistance lockouts jump starts gas etc.
pandemic proved that we are at the mercy of our government. well done on your finances mate...took a couple of years myself getting out of debt. at forty2...tyring to fight off retiring...i do appliance repair. there is nothing i cant' fix or build. not hurting for anything except for sanity. love your channel. good finance info too mate...
I am new to your channel. Do you go to inspect the project before you give them a price?
Kudos for finally figuring out that working for other people only makes them wealthy, not you. I'm actually shocked it took you so long ,considering you've spent most of your life working for people who were doing what you're wanting to do now. I was in my low 20s when my light bulb went off. I never looked back once it did. Congratulations 🎊!
I started self employment at 10 years old selling seeds from my bicycle, fed a neighbors chickens at 12, built a greenhouse and sold plants/vegetables, at 19 (1979), had saved $5,000, cashed in $1,000 of scrap copper and built a 28x32 garage with 10’x10’ door. Painted cars and sheet metal parts. Odd jobs and travel in between, 1986-87 started building, remodeling and repairs, built and paid for a house in 5-7 years, got out of construction into financial planning for the last 30 years. Been debt free since 1995 or so. I could quit but it’s hard to have to worry about money when you’re 62, and never had that concern. Thanks
Could you make a video on how you write out your estimate to show your clients
Hey. Votes for a full video as handy Andy. Come on!
I’m a handyman in South Florida ,what is the best way to come up with pricing , I usually charge an hourly rate but don’t feel it’s always the best approach .
Brother here in Mississippi us good handy men are busier than a one legged man in a butt kicking contest. We welcome the help good or bad. LOL We just ask everyone coming here that you remember why you did and don't try to change our great state to that hell hole you left.
Mo money mo money mo money!
I never heard what you earned in your first year as a handyman as was the title of this video. Considering starting a handyman business. Been doing home renovation work as a hobby for years.
0:26 the youtube award magically dissappears.. video magic
How did you find jobs starting out? Everyone has confronted a job that is above your skill level. These jobs you have to dig in and find the confidence to get through it. While I like getting them done the accomplishment. It sometimes takes longer to do and I hate having to fix mistakes you learned from. I know plumbing and electrical, I specialize in lawn sprinklers and would like to just repair them. Like you did in your video. Blowing them out for winter in Minnesota. Is this big money?
I have only used word of mouth advertising. I have been in residential construction since I was in high school, there isn't anything intimidating in residential construction.
Hey handyman! I love watching your videos. Glad I stumbled across your page. I am just now starting to try and get out on my own. And was wondering if real-estate agents would be a good source for handyman work? And if so, how do you go about getting it? Just call and ask them or is there a certain way to go about it?
Yes, agents are a great reference. Almost every agent is also very accessible, you can shoot out 50 emails in a day and probably have more work than you can handle. Another source is property management companies. A lot of these companies have so many rentals they don't nearly have enough help for the maintenance side of it. Contact them and see if you can become an alternate in case one of their guys can't make it or they get too many calls. They may require liability insurance and tax information but if you're serious about this business getting those is a good idea anyways.
I'm in NY where do you suggest I start been working on my own close to. A year but not an official business yet