Things to Know Before Starting Up a Painting Business
Painting is necessary whenever people renovate their homes which is happening mostly these days. People can renovate their homes, but it can be overwhelming for them to handle the painting services when you consider the home cleaning which follows it. Therefore, there is a gap whereby you can start offering the house painting services. Read more info here for you to know how to go about it.
The business structure should be chosen when starting your painting business. Your company can start as an independent contractor of whereby everything about your business depends on you. Being independent contractor you are in charge of your business, and thus, everything concerning the costs involved and the amount you can charge for the services would be determined by you. If you find that work challenging, then you can seek partnership for your painting services whereby you work with another contractor to offer these services. It would be great since the work would be simple. On the other hand, you would need to register your business as the limited liability corporation when it grows because you need to protect your personal finances. It is excellent because through registration you protect your personal finances from the debts you might incur as a painting contractor.
When staring a painting business you never need any certifications. However, you need to be licensed for you to offer the services. Therefore, you need to register your business according to the laws of the states you are in. Conversely, for you to paint the buildings which were built before 1978 you would need certification from the Environmental Protection Agency. This is because in those buildings you might be exposed to lead, and thus, you need to know how to work safely in such environment.
For a painting business to get clients it has to be advertised. Thus, whenever you are starting a painting business you have to consider networking. You can network with contractors who would handle different home services needs, for example, the plumbing contractor. Networking with another kind of a contractor helps because you get to refer the contractor to the homes you visit and the other contractor gets to do the same with the homes they visit to offer the services. It means that you get to market your business through networking.
The painting businesses would need relatively low stating up costs. You need the DIY tools for painting services. Still, you need a vehicle which can be van or truck to use it for transportation of painting tools for your business. You may start your business with low capital and as your business thrives you would need to purchase other additional tools for painting services. On the other hand, you need to be insured for you to be hired for painting services.