How do I know if my handyman business is actually profitable?
Direct answer: You're profitable when your revenue consistently covers all expenses, pays you a healthy wage, and still leaves margin. Track income, expenses, and your effective hourly rate over time—not just your top-line sales.
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.
Category: Growth