Whether it be a home based computer repair business, a knife repair home based business or any other type ideas home based business, do it legally.
Here is my list of things to consider for starting a home based repair business:
- Get the skills, make sure you are qualified, proper licencing
- Ensure proper zoning
- Equipment and supplies – figure out what type of equipment you will need and how much will it cost
- Taxes, will this affect your property and income taxes
- Do you have the required financing to start
- Insurance- check about increased home insurance and liability insurance
- Health and Safety regulations
- Storage, do you have enough room to store parts or items you are to fix?
- Waste management will you have old parts, fluids or chemicals to dispose-where, how, how much?
- Payment management, how will you charge and receive for services?
To begin, you will need to figure out what you are going to be fixing, do you have the skills, training or the proper licensing to repair things.
Auto repair, for instance, requires special licencing. Depending what part of the vehicle you are repairing may require further specific certification.
So before you start thinking about doing repairs, ensure you have all in order. It is one thing to fix stuff for yourself, a whole different ball game when fixing stuff for others.
You want to ensure the item you are repairing won’t end up causing any property damage, injury, or even worse, be the cause of death.
So you have the skills, training and licencing, now what? Well, now you need to know if you can do this business from your home.To keep your home based business legal will take some research and paperwork!
That’s right boys and girls; this means visits to your local city, municipality or county and filling out paperwork ensure your zoning is appropriate for your business. I would suggest checking this out, in general, first; you may be lucky and already be living in an area that has the proper zoning. If you are not in the respective zone, you will need to get your ducks lined up before presenting your request to change your zoning. Depending where you are living and what type of things you will be repairing the level of difficulty is variable to say the least. It may be as simple as a few papers to having to attend some town hall meetings to present your request, send letters out to neighbors within a prescribed radius from your home- you name it they may request it.
If you are not in the particular zone, you will need to get your ducks lined up before presenting your application to change your zoning. Depending where you are living and what type of things you will be repairing the level of difficulty is variable to say the least. It may be as simple as a few papers all the way to having to attend some town hall meetings to present your request, send letters out to neighbors within a prescribed radius from your home- you name it they may request it.
Once you know what may be required to get the proper zoning, having a good business plan is essential to ensure you cover all your bases. Going in prepared will avoid immediate rejection, being rejected on the onset will make it harder to reapply later.
A well-prepared business plan will show the local council that you are responsible. They will have a clear understanding of possible impact in your neighborhood and will help avoid delays in getting your answer and moving forward.
Tip – Check your local municipality website for forms, fees and instructions available for your download or direct submission.
Insurance, Finance, Health and Safety
Part of the business plan mentioned earlier will include information in regards to insurance coverage, ability to finance the company and pay your taxes, and ensuring that you have all that is necessary to comply with local health and safety policies. So call your insurance broker, your accountant, your local Occupational Health & Safety Administration and Environmental Protection Agency.
-Insurance Brokers should be able to inform you about the need for liability insurance. Some licensing, permits or approvals may require that you have proof of insurance.
-Accountants should be able to assist you with all the tax implications involved, including revenue and sales taxes. Specialized certificates may be required, for instance, if you are planning on repairing or selling parts of vehicles you may need special tax certificates.
-As with any business whether you work alone or if you hire help you will need to check with your local Occupational Health & Safety Administration and Environmental Protection Agency for all safety relevant permits.
-Seeking legal counsel before establishing your business would be a good idea. Your lawyer may flag issues that may be specific in your region not covered in the above list.
There now…once you have finished your homework above, it is time to setup and start your business!
Sure there are a lot of steps to get to this point, but remember many great companies started from simple home-based installations. Good examples include companies like Harley-Davidson, Hewlett-Packard and Apple to name a few. Many of these startups have their beginnings either in small garages or basements of their parent’s homes. So don’t fret, you too may be the next multi-million dollar startup company.
Setting up Shop
Keeping in mind of the health and safety regulations as mentioned above, you can now setup your repair shop to meet your needs. As I referred to in the home hairstyling business post, I suggest having mobile equipment. In most cases your work area may have dual purposes in your home or garage, or you may opt to take your business to the customers home if required. Having mobile equipment will allow you to have that option down the road, or if you end selling or moving, it will make it easier to sell your home not having permanent structures and, of course, easier to move to your new home.
For your convenience, I have compiled a small list of tools that may assist in your new business setup and they are available from Amazon Tools
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