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Starting a home improvement business is a great opportunity for those handy with tools and looking to run their own home based business. A home improvement business is ideal because of its ability to make money regardless of the overall economy. During upturns, people will renovate rather than purchase at a higher price while during downturn, homeowners will renovate to bring up a property's value. You don't necessarily have to be a skilled professional, because you can act as a broker or contractor, meet with clients, create a budget and hire others to actually perform the work without you having to renovate a place yourself.

Contract experienced and licensed subcontractors. Contact the local Chamber of Commerce and the Better Business Bureau to find qualified plumbers, electricians, carpenters, and heating, venting, and air conditioning specialists. In addition, visit your state's division of professional licensing and conduct a search for service providers in your area and verify their licenses.

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