A house painting business is one of the most lucrative businesses you can start. There is a lot of work involved, but when your business makes a name for itself in the community, you could be painting lots of houses and making a lot of money doing it. Starting a house painting business is also an excellent transition for individuals who work in the construction industry, but are looking for a way to move up in the world. Moreover, actually starting the business takes some legwork, but as soon as your business gets on its feet, the sky is the limit in terms of opportunities. Here is how to start your own house painting business.
First, you need to evaluate the costs involved with starting the business. You probably want to hire on two or three employees to start – employees with experience in painting houses. You also need top of the line supplies and a truck or two. Costs will start to build up quickly, so you want to create a business plan – to not only organize present costs, but also to forecast future growth. If you need a loan, your business plan will be your best ally.
After you have the start-up capital it is important to make the business legal in your state or province. The best way to do this is to file your business name as a DBA so that it is registered in the records. Then you need a business license and depending on if your business is a partnership or a limited liability company, you also need to register your company for tax purposes. Once all the financial logistics are organized, it is important to take out an insurance policy. That policy will be your best friend if you get sued or any of your workers are injured on the job.
Once you have the foundation laid, you can start to get to work. The best way to do this is to advertise your services in the local newspaper or online. When you are just starting out, you want to offer your services at a steep discount. The reason for this is that you want to get as many initial clients as possible so that you can start building your portfolio. When it comes to the house painting business, your portfolio is everything. Without one, many people won’t trust your services. So, each time you paint a house – whether it is the exterior or interior – be sure to take lots of pictures.
Lastly, once you have a few houses under your belt and you are ready to hit the big leagues, like Sergios painting company, you can start to make friends with various contractors in your area. By linking up and partnering with contractors, you can maintain not only legitimacy, but also longevity too. By proving how good and reliable your company is, a contractor will be more likely to turn to you each time he or she needs a house painted. Soon enough, you could be the go to house painting company in your city or county.