A Guide to Starting a Painting Business by Skillhub’s Professionals

Business

The painting business is always relevant. Home renovations are inevitable, and people are ready to pay professionals to make things right. In addition, a fresh coat of paint may make miracles to living apartments or industrial objects.

Yet, how to make a business from painting? People who run them seem to have it naturally, and this knowledge is hidden from regular men. Nevertheless, even these people started with something. A craftsman with a passion for his craft can create his own business.

This article will guide its readers through the steps of painting business creation. Whether they are seasoned painters or people with only a vague image, this guide will be helpful in a successful painting business.

Acquire Necessary Skills

It may sound obvious, but knowledge of painting skills will help immensely in business creation. A business owner who knows how to paint and how much the services cost will have more chances for success.

Practice is the most optimal way to obtain the necessary painting skills. Painters do not need specialized education. Yet, a well-crafted resume is a must in the industry.

The best way to acquire one is to ask for professionals’ assistance. For example, from Skillhub experts can help with a skill-based resume and land a necessary job.

The primary point of working as a painter is to acquire the necessary skills and knowledge. Future business owners should learn as much as possible, from brushing techniques to painting contracts. Two or three years are sufficient to be ready to start a personal business.

Сhoose the Business Focus

The more focused business is, the more successful it will be. For example, the painting business focuses on types of painting services and clients that will receive these services.

Types of painting services:

* Interior painting

* Exterior painting

* Construction painting

* Painting on metal

* Pressure washing or power washing.

Clients for the painting business also vary. For example, a company may orient toward residential clients or commercial clients. Residential clients are more common, and it is easy to work with them. However, competition is high, and finding a big order would take a lot of work. On the other hand, commercial clients are a more stable source of income. Yet, they require more preparation and materials expenses as well.

The key to success is to focus on one type of client and several related services. Any painting business can reach success with a focused approach.

Business Registration & Insurance

After a business owner completes preparations, it is time to register a business. Business registration is a mandatory step for each type of business. People in business can learn about specific types of licenses in the local Chamber of Commerce or Small Business Administration.

Usually, business owners may register their business as a sole proprietorship, a limited liability corporation (LLC), or a limited liability partnership (LLP). Different subtypes of these licenses have different structures that accommodate various business goals.

Besides business registration, insurance is always essential. Painting is not a high-risk business. However, accidents occur regularly, and insurance covering different aspects of the business will help company owners operate confidently.

Standard painting business insurances include:

* General liability insurance

* Health

* Vehicles

* Instruments

* Workers’ compensation.

The mandatory licenses and insurances depend on local business laws. In either case, insurance is a safety belt that will help to avoid undesired accidents.

Keep Finances in Order

Bookkeeping is a chore but a necessary one for the painting business. The first and foremost financial maintenance rule is to separate personal and business money. A business owner should create a business bank account and store all the funds there. The following rule is to separate expenses. It would be wise to find the most expensive column and determine how to minimize losses.

If the business is small-scale, a business owner can manage bookkeeping. However, a qualified bookkeeper is needed if the enterprise grows and includes many subcontractors and employees. The order in numbers is a guarantee of the enterprise’s stability and the possibility of planning for the future.

Business

Develop a Memorable Brand

Competition is relevant for any business, including painting. A business owner needs a brand to help stand out in this competition. A brand includes a logo, a specialized uniform, and the high quality of the provided service.

The brand is necessary even for small businesses. It may begin with simple business cards with the firm’s name and a simple logo and grow into something more impactful. The brand is essential for marketing purposes as well. Attracting new clients and keeping the old ones require a separate column of expenses. Yet, with efficient marketing, a painting business may expect a stable flow of clients.

It would be wise to trust branding and marketing to professionals. There are advertising agencies that provide all kinds of services for business promotion. The scale of the advertisement depends on the scale of the business. Yet, even the smallest contribution to advertising will benefit the company.

Maintain Online Presence

Finally, a constant online presence is a must for the modern painting business. Potential clients spend most of their time on the web and social media, and business owners will meet their customers there rather than on a TV commercial or a billboard.

Instagram, Facebook, and Twitter accounts may help attract new customers. However, an online presence can be simple and moderate, and it would be enough to have an online page, contact information, and regular posting about painting.

Online presence is a part of marketing. Yet, it may be done almost by anyone and will contribute to the business’s overall success.

Build a Successful Business

The guide shows all the significant steps in the painting business creation. Each of them requires time, patience, and dedication to be successful. Yet, the primary step to building a successful painting business is to like this business itself. Painting may be a chore and art, and clients will apply to masters who love their job rather than businessmen who make profits.