Handyman Skills and Entrepreneurship: Where to Apply Your Expertise
Having a background in handyman services and home improvement is a testament to years of hands-on work, dedication, and a keen understanding of the industry. But there comes a time when many seek to transition from the physical grind to a role that leverages their hard-earned skills in a new direction.
Your experience starting a handyman business is invaluable. It's not just about your handyman skills, but the insights into customer needs, the understanding of quality, and the firsthand knowledge of industry challenges. Instead of being the one executing projects, imagine leading a team, ensuring that every task meets the high standards you've always upheld. This shift from hands-on work to leadership is not only possible but is a natural progression for many in the field.
Perks of Leading a Home Services Business
The demand for home services is on an upward trajectory. With more people working from home, there's a renewed interest in home improvement and organization. The home services industry has seen significant growth and is on track to reach $1.2 trillion by 2026, indicating an opportunity for you to use your skillset in a new way.
The home services industry offers stability and consistent growth, with homeowners now more inclined to remodel than to relocate. Three out of five homeowners remodeled or decorated in 2022 and 61% plan to stay in their current home for at least 11 years, according to a study conducted by Houzz. As a business owner, there's the added advantage of flexibility. You decide your working hours, set the company's direction, and make decisions that resonate with your personal and professional goals. And a diverse range of projects, from residential to commercial, can ensure a steady flow of income.
Franchising offers a unique blend of independence and support to help you gain traction as an entrepreneur. It's like setting out on a new adventure with a reliable map and a compass. You have the autonomy of running your business, but you're backed by a proven model, training, marketing guidance, and a recognized brand. The U.S. franchise industry expects its total output to jump 4.2% to $860.1 billion in 2023, up from $825.4 billion in 2022, according to the International Franchise Association.
The Tailored Closet: A Management-Focused Franchise
The Tailored Closet’s local owners rely on a management-centric approach to provide home storage solutions for residential and business customers. While hands-on skills are invaluable, our franchise model allows individuals to transition into leadership roles. As a franchise owner, you'd be overseeing operations, managing teams, and ensuring quality control, rather than being involved in the day-to-day manual tasks. It's an opportunity to shift from the physical demands of daily handyman work to a more strategic, managerial role, all while capitalizing on your industry knowledge.
Diving into a new business venture can be daunting, but partnering with The Tailored Closet can streamline your entrepreneurial journey. We give our franchisees the tools they need to succeed. We provide an extensive three-week training program that covers everything from business operations to the use of proprietary 3-D design software. You’ll also receive ongoing support from a team with a combined 60 years of industry experience which means that you're always backed by expertise and guidance. This blend of independence and support is what makes the franchise model so appealing.
Financial considerations are paramount when contemplating a new business venture. The Tailored Closet franchise is not only competitively priced but also offers in-house financing options, making it accessible to a broader range of potential franchisees. The initial investment of $155,220 covers a territory of at least 75,000 households creating a high potential for growth. And the backing of our parent company, Home Franchise Concepts, provides an added layer of credibility and stability.
Learn More About Franchising with The Tailored Closet
Use your existing skills to find a new purpose. Inquire now to learn more about partnering with The Tailored Closet to launch a franchise in the home services industry.