Do you want to start a painting company from scratch? Or you need a sample painting business plan template? If YES, then i advice you read on.
If you have a thing for painting, you know about colour mixtures and you know a thing or two about advertising; then you may be on your way to starting your own painting business.
As a painting business owner, your duty includes; finding the best colour mixtures to match the taste and choice of your client, doing a thorough painting job with any contract you are awarded, be it inside and outside house painting, design, office painting, and clearing your work surrounding by removing the paint residues from your work location.
Painting job is not full time per se, it is more of a contract thing. Someone gives you a job to paint a particular area, you do your job, you get paid and that marks the end of the contract. I will explain the step by step details, plus the pros and cons of starting a painting business.
4 Advantages of Starting a Painting Business
- Not Capital Intensive-: Quite unlike other business ventures, starting a painting business does not require a much capital. Apart from the money you will spend on getting the necessary licences to run your business, buying equipments and printing your colour catalogue, you won’t need to spend much money starting your painting business.
- Maximise Your Creative Potentials as a Painter-: If you are passionate about painting, starting a painting business will give you the opportunity to maximize your creative potentials; and you will earn money doing what you love which is the best way to make money; since it’s a hubby, it won’t feel like a work to you.
- You Can Run it as a Part Time Business-: Unless you have the capital to start the business in an industrial standard, a small painting business can serve as a part time job while you maintain other jobs. It is all an opportunity to make a new mean of income.
- Make Money with Related Services-: You can incorporate other services related to painting such as wall paper placement and make money with them since they both go side by side. For instance, when some clients contract you for a painting job in the living room, you can suggest that wallpapers will look great in the kitchen and bedrooms. If the person buys the idea, you have an extended contract and more money.
Starting a Painting Company – Sample Business Plan Template
1. Get the Necessary Training-: Even if painting is a hobby to you and you know how to handle basic painting job, you need to go for a training to sharpen up your skills to be able to handle professional painting contracts. There are some online videos, seminars and training you can attend to sharpen up your painting skill.
Some of the skills you need to have as a painter are; colour mixing skill, primers, and cleaning solutions. If you don’t have the extra money to spend on training materials, you can decide to intern for a painting firm for a short period of time until you professionalize your painting skills.
2. Get the Necessary Licences-: Depending on the rules operational in your location, you need to get the necessary licenses that will enable you start your own painting business. Find out about the requirements and try to get all the necessary papers to avoid any legal issues for your business in the future.
3. Buy the Necessary Tools and Equipments-: When you are done with getting the necessary license for your business, it is time to purchase the equipments you need to handle the job. You need brushes, various sizes of ladders, sprays and many more.
You also need paints to do the job, but it is advisable to leave out purchase of paint until your client takes a pick of the colour of paint that should be used for the job. You can contract with a paint manufacturing company to supply you with any colour and amount of paint you need for a job, to be paid for after you are paid for the contract.
4. Advertise your Services-: At this stage, everything is in place for you to kick off your business, it’s time to get the word out that you offer painting services. You have to target people that need your service. You can leave your complimentary card with the following categories of professionals, building contractors, renovating companies, and repair and maintenance contractors.
These groups of people always require the services of a painting business and will likely hire you for a job if you can show them that you are a professional. You can opt to do a small painting job free to showcase your skills. You can also printer fliers and catalogues of paint colours and share to your friends and colleagues to help you spread the world about your business services to others.
5. Get Others On Board-: If you do your adverts well, there will come a time when you will start getting more jobs than you can handle, when this happens you can contact other good professional painters to work for you on contract basis to help you meet deadline. You can decide to pay them a percentage of the total amount you will make from the contract. This works better if the contract is a big contract, something like a contract to paint an office building.
So far from the article, you can see that painting business is a profitable and most importantly, it is not capital intensive unless you are starting out on a professional level. Also, you have seen the necessary steps to take when starting out your painting business.
Finally, if you don’t have an interest for painting but you still wish to make money from running a painting business, you can still start a painting firm in a bigger and more professional level; register the company, employ professional painters to work for your company, advertise the company and sublet the job to your employees and pay them wages.