How much cash reserve should a handyman business keep?

Q: How much cash reserve should a handyman business keep?

Direct answer: Aim to build at least one to three months of operating expenses in cash reserves. This protects you from slow seasons, vehicle breakdowns, and surprise expenses without going into panic mode. Practical steps Clarify the target: Define the outcome you want from this step. Start small: Build savings over time—$25/week adds up fast. Track everything: Know your real overhead so your target reserve is grounded in facts. Next step: Set aside a fixed amount weekly until you reach one month of operating expenses.

Question

Accepted Answer

Direct answer: Aim to build at least one to three months of operating expenses in cash reserves. This protects you from slow seasons, vehicle breakdowns, and surprise expenses without going into panic mode.

Practical steps

Clarify the target: Define the outcome you want from this step.
Start small: Build savings over time—$25/week adds up fast.
Track everything: Know your real overhead so your target reserve is grounded in facts.

Next step: Set aside a fixed amount weekly until you reach one month of operating expenses.