Step By Step Guide To Finding The Right Painting Company
Step By Step Guide To Finding The Right Painting Company
Blog Article
How Do I Become a Painting Company?
Running your own painting company is a rewarding experience. By developing a business plan, focusing on your ideal client, accurately estimating jobs, and marketing your services to your audience, you will grow your business.
Start by networking with other tradespeople in your area like drywall installers and carpenters. Ask them to refer you to clients for painting work.
Get a License
Depending on where you live, your state may require that you obtain a license before working as a painting contractor. Many states require that you complete a course or exam, submit a qualifying individual to verify your work experience, and possess a clean criminal record.
In addition, you’ll need to decide how your business will be structured. The Small Business Administration has a great guide that outlines your options, including sole proprietorship, partnership, and limited liability company.
Finally, you’ll need to register your business name and open a bank account. This will ensure that you’re on the right side of local laws and that you’re prepared for any unforeseen expenses down the road. For example, a box of paint could get lost on the way to a jobsite, forcing you to spend money on replacements.
Get a Website
A website is a must-have for any professional painting contractor. It generates leads by making it easy for potential customers to find contact information and a description of your services.
It is also a great way to showcase your work and inspire trust in new clients. Make sure to include a section where you can feature testimonials from previous customers.
Residential painting clients are your main target market, so focus on advertising in places where they spend time online. You can also promote your business on social media and use word-of-mouth to spread the word.
Once you have a website, register your business as a sole proprietorship (if you run the business alone), partnership, or limited liability company (LLC). This will separate your personal and professional finances and will make tax time easier.
Get Insurance
You’ll need to register your business at the city and state level, obtain a license for your company, and get liability insurance. Many policies also offer workers’ compensation insurance for employees, which is a requirement in some municipalities. Ask prospective clients to see a certificate of insurance that includes this important coverage.
Depending on the nature of your work, you may want to consider getting other types of small business insurance as well. A comprehensive policy could include professional liability, tools and equipment insurance, commercial auto insurance, and more.
Like any other type of small business, your painting company will likely face cash flow challenges at times. This can make it difficult to buy supplies, market your services, and pay contractors or employees. This is why a solid business plan and strong marketing strategy will help.
Get a Vehicle
If you want to start a painting business, you’ll need a vehicle for transporting equipment and supplies. It’s a good idea to buy a truck with the right cargo capacity for the amount of gear you’ll have to carry.
Some large house painters have thousands of house painters near me dollars worth of equipment, but you can get started with the basics like brushes, ladders, and painter’s tape. You can then add equipment, such as a high-quality paint sprayer, over time as you grow your business.
Look for leads by building relationships with contractors and real estate agencies. They may refer you to houses that need repainting. Also, try to work with homeowners who regularly repaint their homes; they’re more likely to be happy with your service and return for future jobs.
Get Referrals
The best way to grow a new business is by referrals. Talk to your satisfied clients and ask them for a name of someone they know who could use your services. Then send them a thank-you card and give them your business cards.
Network with local businesses such as realtors, interior designers, landscaping firms, electricians and plumbers who may have connections that would be interested in your services. Be sure to include your website and contact information on your business cards.
Once you have a unique company name and a logo, you need to complete the paperwork necessary to run your business as a legal entity. Choose a structure, such as sole proprietorship (you operate the business alone), partnership or limited liability company (LLC). You also need to establish a separate business bank account and a federal tax ID number.