As a frequent contributor on numerous discussion boards for painting contractors, I regularly see questions about how to start a paint contracting business. While there is no single, or simple, answer, there are some general rules that one should follow.
1. Identify why you want to own a business and what you want it to provide you. If you don’t know where you are going, it is impossible to know how to get there.
2. Develop a plan. If you don’t have a plan you are simply floating in the wind. You will find yourself going in a dozen different directions and doing things that are inconsistent.
3. Learn from others. You can do this by joining organizations like the National Alliance of Professional Painters, participating in discussion boards like PaintTalk.com, or purchasing training materials from Out of the Bucket.com.
There are a lot of challenges in starting a business, no matter what type. Marketing, sales, production, administration– all of these take time and effort.
It is a fact that 90% of the businesses starting this year will fail within 5 years. There are many reasons for this. But if you spend the time to plan, to identify where you want to go and how you will get there, you will greatly increase your chances for success.
