If you’re thinking of starting a painting business, then you have to know about the important things that you should focus on. First, you have to start your company even with just a minimal investment in tools and training, because a business needs warrant. Also, it’s up to you if you’ll offer exterior or interior painting services, or both for commercial, residential, and industrial customers. However, each of this requires a different skill set and equipment.
That said, here are some of the important things that you should consider before starting a house painting business.
Have a Business Plan
Business plans are detailed documents encompassing all details about the business– this includes goals, business type, mission statement, scope of work, ongoing operational needs, and startup. Advertising and marketing strategies should also show the income projections, as well as the pricing schedules. Your business plan would serve as the owner’s manual for your business, and it’s your responsibility to acquire financing coming from a lending institution. For that purpose, it’s ideal to hire a business consultant that would help in wiring your plan.
Even if you already have some experience in house painting, professional training is still advised, because this is the only way for you to learn professional tricks and trips that would allow you to do a better job in lesser time. There are a lot of specialty trade schools that offer training, but you can also by training manuals or video courses coming from trade associations, supply distributor, reputable training companies found online, and even in painting business franchises. Aside from that, you can also choose to work for a painting contractor as a way to gain the necessary skills you need.
When you’re ready to start your house painting business, it’s very important to get the licenses, permits, and other paperwork that would make your business legal. Also, don’t forget to decide on the business structure– corporation, sole-proprietor, limited liability company, or partnership– and file important paperwork with your secretary.
The preceding step would be to get a local business permit at your town hall, contractor license, and state sales tax certificate,
Tools and Equipment
Your tools and equipment would vary depending on the type of services you’re going to offer, as well as your painting supply distributor. Thus, the painting supply distributor is usually the best source of information about what you’re going to need. Likewise, this person would also advise you the dangers of using lead paint for your business, and you should stay away from it as much as possible.
Older Homes and Buildings
For homes that were built before 1978, there’s a good possibility that lead-based paint has been used.
A reliable vehicle is also important, and it should be attractive and clean at all times, because it would be the reflection of your business. Likewise, it should also be large enough so that it can transport your tools and supplies safely– from one place to another.
Printing, Advertising, and Marketing
Lastly, marketing and advertising strategies are important, because this would help you attract the customers to your painting business. For marketing materials, business cards, brochures, stationery, portable site signs, fliers, and vehicle signage should be included.