What financial planning should a handyman complete before launching full-time?

Q: What financial planning should a handyman complete before launching full-time?

Direct answer: Before going full-time, know your personal burn rate, business overhead, and realistic billable hours. Aim for a cash buffer, set minimum charges, and plan for insurance and taxes. Full-time works when you can survive slow weeks without panic pricing. Practical steps Make it measurable: Track time, travel, and outcomes on the next 5 jobs. Standardize: Turn what works into checklists, scripts, and job kits. Communicate early: Set expectations before the job starts. Review monthly: Adjust based on profit, stress, and client quality. Next step: Apply this once this week and record what improved.

Question

Accepted Answer

Direct answer: Before going full-time, know your personal burn rate, business overhead, and realistic billable hours. Aim for a cash buffer, set minimum charges, and plan for insurance and taxes. Full-time works when you can survive slow weeks without panic pricing.

Practical steps

Make it measurable: Track time, travel, and outcomes on the next 5 jobs.
Standardize: Turn what works into checklists, scripts, and job kits.
Communicate early: Set expectations before the job starts.
Review monthly: Adjust based on profit, stress, and client quality.

Next step: Apply this once this week and record what improved.