How to Start a Painting Business
A successful painting business takes time to establish. If you have the money, talent and marketing skills, then you are on your way to building a business. A successful business requires a plan of action. Consider the following as a guide for how to start a painting business.
- Research your local area for painting businesses. Learn what their prices are so that you can be competitive. The goal is not to be too expensive in comparison, but also not to be too inexpensive that you are not making a healthy profit.
- Get your paperwork in order. Adhere to the small business laws in your region.
- Ensure that you meet all the licensing and registering requirements for your painting business.
- Shop for appropriate insurance that will protect your business, assets and company vehicle. Liability insurance is necessary when working on other people’s property.
- Recognize your tax obligations and make sure you are aware of what is expected of your business when it comes to taxes.
- Set up your finances by opening up a bank account. Apply for a business credit card, and if necessary, a line of credit.
- Shop around for the best equipment pricing.
- Ask store owners if they offer business discounts and whether they extend credit. Find out if they have tools and resources they are willing to give you if you use them, such as color swatches.
- Open accounts with suppliers you would like to work with.
- Purchase your equipment from your preferred suppliers. If you have a small budget, start off with the necessities, such as a ladder, drop cloths, brushes and anything you will need for basic projects. You can build upon your tools later or as jobs call for them.
- Establish a budget for your painting business advertising.The extent of your promotional campaign will be subject to your financial situation.
- Expose your business through radio and television, but be aware that these methods are pricy.
- Print flyers and business cards for a more inexpensive option.
- Advertise your business on your company vehicle so that everyone you pass can see it.
- Join a local small business organization so that you can network with other small business owners in the area.
- Consider giving incentives to grow your customer base. You could offer a finder’s fee which rewards anyone who refers you to a new customer. The reward could be a discount on the referrer’s next painting project.
- Never accept more work than you are capable of completing. You will only tarnish your reputation if you let your customers down. If your painting business start-up grows fast, then hire helpers. Initially, you should hire assistants on a contract by contract basis until your business has become established enough to hire on a full time basis. Hiring by contract also allows you the opportunity to work with someone before committing to them.
An alarming trend in the housing market is beginning to rear its ugly head.
Mold And Mildew are growing rampant on northern exteriors and can even be labeled a pandemic. It can grow on every surface of your house and even invade inside causing respiratory ailments!
Direct exposure from Sunlight causes irreparable damage to wood fibers by attacking it with Ultra Violet Light that penetrates deep into the wood surface. This dead wood fiber is where mold attaches its roots and expels its spores into the air!
Then add a moisture rich environment with lots of rain condensation, ice, snow, wind and weathering that will rub your paint the wrong way.
Rapid temperature changes cause the parts of your house to expand and contract and will compromise its structural integrity.
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Even the local wildlife will take notice and begin to think they can move in. BEES, WASPS, HORNETS, BIRDS AND BATS will move in and leave their remnants wherever they please!
Without a maintenance plan, your home is defenseless against mother natures harsh and unyielding destructive powers.
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Having a properly maintained home is like having a well guarded bank vault. It keeps all your possessions safe and helps you sleep at night.
The earth is quickly taking back what was once hers and will continue to erode your exterior unless you fight back.
Residential Painting Contractors are making a fortune because of the sheer numbers of houses that need attention.
And the simple truth is there are more houses than PAINTERS to Paint them!
How many times have you called a painter and not even got a return phone call!
Even if you can secure a spot with a reliable contractor, you may have to wait months or even years for their schedule to open up to help you!
Which leaves the market open for unlicenced, under insured, unskilled laborers who may have done your gardening last week, and are painting the next. Learn More
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