It takes time to become a successful house painter. If you have the money, the talent and the marketing skills you are well on your way. A successful business requires a business plan. Think of this as a guide to starting a house painter business.
Steps
Step 1. Choose a name for your business
Make sure it's easy to remember so customers can find you easily. The name must explain what you do, and it must not be similar to that of other competitors.
Step 2. Research similar businesses in your area
Study their prices to be competitive. The goal is not to be too expensive, but not too cheap that you can't make any money.
Step 3. Get in good standing
Follow the regulations of your country.
- Make sure you have all the necessary licenses and requirements for your business.
- Make the necessary insurance to cover your work and means. Liability insurance is required when you work in the home of others.
- Learn your tax obligations and make sure you know how much you have to pay the taxman.
Step 4. Open a bank account
Apply for a corporate credit card, and if applicable also a line of credit.
Step 5. Find the equipment you need at the best price
- Ask the shopkeepers if they offer discounts for professionals and if they give credit. Find out if they have any products to try, such as color swatches.
- Open accounts with the suppliers you want to work with.
- Buy equipment from your favorite suppliers. If you don't have a lot of money, start with the things you need, like a ladder, drip cloths, brushes, and whatever else you need for the simpler jobs. You can upgrade your equipment later when needed.
Step 6. Establish an advertising budget
The extent of your promotional campaign will depend on your financial situation.
- Advertise your company on radio and TV, but be aware that these media are expensive.
- Print flyers and business cards if you want a cheaper option.
- You can advertise on the company vehicle, so that when you pass by, everyone can see it.
- Join a local small business organization to network with other businesses in the area.
Step 7. Consider granting incentives to increase clientele
You may recognize something to someone who brings you a new customer. The reward could be a discount on the next purchase.
Step 8. Never take more work than you can
You will put your reputation at risk if you don't satisfy customers. If your business grows fast, hire people. You can initially hire on a project basis, until business becomes more stable by allowing yourself a permanent contract. Hiring on projects will also give you a chance to get to know employees before bonding with them.
