3 Key Points:
- Running a handyman service has a lot of hidden costs like licensing, insurance, and worker’s compensation.
- Juggling a corporate job, motherhood, and marriage is hard, but doable.
- It’s important to explore what makes you happy and to have a good understanding of how to frequently feel good.
- 01:00 – Nathan’s introduction to today’s show
- 01:38 – Liz joins the show
- 02:10 – Liz started the business because she was disappointed in outside contractors for home services.
- 03:50 – Most customers find Checklist through Google search and they can customize their to-do list room by room.
- 05:00 – Checklist completed 65 jobs in October – the business is run by a local team of dedicated craftsmen.
- 05:41 – Checklist’s numerous services include TV mounting, AC installations, furniture assembly, painting, and caulking/grouting.
- 06:55 – The most common service purchased is the “Handyman for a Day” which is between 595 and 725$.
- 07:41 – Checklist’s craftsmen are benchmarked against those in the same field – they’re paid between 15-35$ an hour depending on their experience.
- 08:50 – There are a lot of unexpected costs running a handyman service –it needs to be licensed, insured, and take into account worker compensation which is 20% of a craftsman’s payroll.
- 10:51 – Per 400$ job, Checklist will make a net profit of about 60-75$.
- 11:21 – Liz has launched a second business related to Checklist – City Bin.
- 12:23 – Liz was making 6 figures at Bank of America before she started Checklist. (to get an idea of what she was doing before.)
- 14:39 – Famous Five
Related: Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
- Favorite Book?— Boss Life, Surviving my Own Small Business – Paul Downs
- What CEO do you follow?— Managed by Q with Saman and Dan
- What is your favorite online tool?— Mindfulness Daily
- Do you get 8 hours of sleep?— Yes
- If you could let your 20 year old self know one thing, what would it be?— Explore what made her happy and have an understanding of it so it can be recreated.
- Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
- Checklist NYC – Liz’s business
- Facebook – Checklist NYC’s Facebook
- Boss Life, Surviving my Own Small Business – Book Liz stands by
- Managed by Q with Saman and Dan – Business Liz keeps up with
- Mindfulness Daily – Liz’s favorite online tool
- Think and Grow Rich – By Napoleon Hill
- Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.