Handyman and trades business owners chasing big renovation projects risk wiping out a month's profit if scope creep hits. One bad large job can erase margins entirely, while spreading the same crew across dozens of smaller jobs means one failure doesn't tank your month.
The fastest way to destroy your business is ego. Let me explain this to you. I have met many people over the years that the bigger the project that they do, let me take it for our handyman company. Everyone's like, how do I do a bathroom renovation? How do I do a kitchen renovation? And I don't say bigger projects. I actually say more complex. The more complex the project, the more chance of that project going sideways, losing your margin, scope creep happening, and eventually you're making no money. Let me explain to you what happens with big projects or big, more complex projects is that When you do them, you put maybe 2, 3, 4 guys on those projects for, let's say, a month. And then what happens at the end of the month if that project goes sideways? You make zero profit in your business. I want you to think about this. If you took those same guys and those guys did 40 projects in the month, just way smaller, less complex, easier to estimate, easier to get the results with, and let's say one of those went sideways, you've got 39 other projects making you profit and making you money. Be very careful that size counts and the bigger the better. The bigger, the more complex, and the quicker you can fall on your face. Be very careful of this when operating a business, that always looking at the bigger projects to start off with. Think about it clearly. Margin preservation is your most important thing. Protecting your gross margin to get the results that you're looking for is way more important than the size.
