Things You Need to Know When 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 when it comes to painting it becomes challenging and DIY tasks become hard especially when it comes to outside house cleaning after the painting. Therefore, there is a gap whereby you can start offering the house painting services. You should consider reading this article for you to know more about starting painting business.
You have to select the best business structure for your painting services. Your company can start as an independent contractor of whereby everything about your business depends on you. When your business works as an independent contractor you decide the costs which would be involved and the amount you should charge for the painting services. If you find being independent contractor overwhelming then you can choose to go with partnership for your painting business of which you work together with another contractor. It would be easier because the work becomes 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.
The best thing about painting services is that you never need a certification for you to start offering these services. Conversely, a license is required for your painting business. 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 you to get clients you need to market your painting business. Therefore, you need networking when starting a painting business. Therefore, you should consider networking with other kinds of contractors who might be needed at homes for repair services or their services, for instance, the plumbing contractor. Networking helps because the other contractor would recommend you when your services are required and if the services the other contractor provides are needed then you can recommend the expert. It shows that your business is promoted through networking.
Low capital is required for your painting startup business. The tools you need are the same ones you use when painting your home. Again, when starting a painting business you need the van or truck to help in carrying the necessary tools. You can start low and as your business grows you get to add other pieces of equipment and even set up an office. Conversely if you need to be utilized for painting services, then you have to obtain insurance for your business.