Content

• Steps

Any business needs time to develop. If you have the start-up capital, talent, and marketing skills, you can become an entrepreneur. In order to become a successful painter, you need an action plan. Read the article to clarify all the main points for yourself.

Steps

1. 1 Choose a name for your business. It should be something clear and easy to remember so that customers will recognize you. It is better that the name gives an idea of ​​what you do, and does not resemble the names of other companies with similar topics.
2. 2 Explore other companies providing painting services in the area. Find out their rates to make your business competitive. Find the line - your work shouldn't be too expensive compared to others' work, but not too cheap to make a profit.
3. 3 Get busy with paperwork. Follow the small business laws that apply in your country.
   • Make sure you have all the necessary licenses and registrations for the business.
   • Get reliable insurance that protects your business, assets and company vehicle. Insurance is required when working with other people's property.
   • Study the tax system carefully.
4. 4 Get your finances in order by opening a bank account. Apply for a business credit card and, if necessary, take out a loan.
5. 5 Look for material suppliers with the best prices.
   • Ask store owners if they offer a credit or discount system for businesses. Ask if they are willing to provide you with materials for free or at a reduced price if they are used to advertise the store - for example, flower samples.
   • Maintain contact with suppliers you would like to work with.
   • Order equipment from selected suppliers. If you're on a tight budget, get the essentials first - ladders, workwear, brushes, and whatever you need for your first projects. The rest of the equipment can be purchased as needed.
6. 6 Allocate a portion of your advertising budget. The amount and quality of advertisements will depend on your financial situation.
   • You can talk about the company on radio and television, but it doesn't come cheap.
   • For cheaper advertising, print flyers and business cards.
   • Advertise on a company car.
   • Join local small business development organizations to partner with other entrepreneurs.
7. 7 Develop a reward system for clients who advertise your business. For example, you can offer discounts on future work to those who bring in new customers.
8. 8 Never take more orders than you are able to complete on time. Disappointing a client can ruin your reputation. If your business is growing fast, hire assistants. If you can't afford to hire full-time assistants yet, you can start out with contracts for individual projects. Plus, it allows you to get to know people before signing up for long-term work with them.