Creating a Painting Business Plan

Writing a House Painting Business Plan is probably not something you are looking forward to but is one of the most important tasks when running or starting an exterior or interior painting business. It will force you to objectively develop and evaluate your tactical and strategic plans. It will also help you identify the opportunities and risks encountered as a result of your decisions. Your Plan should outline your goals, expected costs, marketing plan and exact strategy. Both exterior and interior painting can make good money if managed properly and that starts with a good painting business plan.

Painting Business Plan Part 1: Summary Outlining Goals and Objectives

The first part of the plan should be a summary outlining all of your goals and objectives for the painting business. This part will be introducing the strategy for your business which will prove to be the most important part for any lending institutions you mat try to receive a painting business loan from.

Painting Business Plan Part 2: How the Business Formulated

In this part you will just discuss how the business began or how you came up with the business.

Painting Business Plan Part 3: Business Goals

Here is where you will list the short and long term goals for your painting business.

Painting Business Plan Part 4: Qualifications and Background of Those who will be in Charge

This part you will list all the qualifying backgrounds of those that will be in charge and any prior experiences related to the business or part that person will play in the business.

Painting Business Plan Part 5: Your Product and Service Offered

You will be laying out exactly what services you will be providing and how you will be doing things in comparison to your competitors

Painting Business Plan Part 6: The Market Demand for Your Product

This will require you research the demand and growth potential for your product and provide that data.

Painting Business Plan Part 7: Your Advertising plan

How you will be advertising to gain business and the costs involved.

Providing a detailed painting business plan and doing all the necessary research to provide detailed data will ensure you will get any necessary loans you may need. There are many companies and software you can use that can help you put create a professional painting business plan.

Here is more info on starting a painting business:

Start a Painting Business No Money

How to Bid Painting Jobs

Painting Business Insurance Costs

Top Painting Franchises

Painting Franchise Opportunities

Start a Painting Business No Money

To start a painting business with little money is easy to do. In fact you can start a painting business for under a hundred dollars. When I first started out I went down to an insurance broker to find out what it would cost to get insurance for my painting business I wanted to start. The premium at that time was only Four Hundred Dollars. I had no equipment and no vehicle. As a matter of fact I had no license. My insurance agent asked me if I would paint their building outside. My very first job! The contract was for Three Thousand Dollars, which covered my equipment I needed, the insurance premium plus materials. I was still left with a nice profit when complete and was in business. My girlfriend, now wife, would take me to job sites with her Honda Civic which my 24 foot ladder fit through the hatch and across the car. Eventually within a year I got my license back and bought a Dodge Van. From there my business grew. It is very possible to start a painting business with little money or even no money as in my case.

So you may not get as lucky to have your insurance broker offer you a contract as I did, but there are ways to pull your painting business together with little money. You can make flyers and distribute them, you can print business cards on your computer, and you can place cheap ads. If there is a will there is a way to drum up business, and you will find some if you put forth effort

Flyers are probably the cheapest way to go about finding work. These can be printed on your computer for very little money. On the flyer you will want folks to see “PAINTING” very clearly. The business name should be on the flyer as well as address and phone number. All the services that you want to provide should be on the flyer. You will also want to state you are insured because your first contract you are going to get a policy in place.

Business cards can be printed on your computer as well saving a lot of printing costs at the printers. The business card should state your painting business name, phone number, address your name and that you’re insured, and brief services you provide. Business cards are important so that clients know who you are and do not forget. Especially when they recommend you they have the information handy to give to others.

Other things that you need for your business can be accumulated as you sign contracts; such as, more equipment, vehicles, employees and more. There are some things you may need to get in the beginning that are required by various states; like any licenses and such. If your state requires these you must get them. Otherwise, starting a painting business with little money is easy. Good Luck!

For more on Starting and Owning a Painting Business see below:

Curb Painting Business

Creating a Painting Business Plan

How to Bid Painting Jobs

Painting Business Insurance Costs

Top Painting Franchises

Painting Franchise Opportunities

How To Bid Painting Jobs

This article will give you a general idea on how to bid painting jobs successfully. Every geographical area can be very different in the final cost of a particular job so it can be difficult to explain that aspect of bidding a painting job. You must know your market and the competition that is in that market before you can really provide a potential customer with a price. There are some general rules that apply to coming up with a bid price for your client and winning the bid. There are also certain procedures you should follow to ensure you have the best chance of winning that bid and that is what this article will touch on. You can never win all the bids you place and if you are then your price is probably too low. Learning how to bid painting jobs in the beginning can be stressful, but with practice it will become second nature.

When contacted by a potential client it is very important you return that call the same day as soon as possible. This ensures the client you are easily reachable and builds trust. Once contacted you must discuss with the client what the work is that they have and give them a brief on the services you provide and how long you have been in business. If not long in business then you need to provide them some security by letting them know you have references to provide and how you will take care of their work they need done. This rapport is very important in building trust. Get all the information you need from them such as name, address, phone numbers and directions to take a look at what they have.

In setting a time to meet them you must show up on time or just before that time. Upon getting there you will state who you are and have a business card to hand them. Have a note pad, pen and tape measure in your hands. You must look appropriately professional. Showing up in paint clothing is better than showing up in suit and tie. Ask to take your shoes off before entering the house if you are to go inside. This shows you will have respect for their home and again builds trust. Get right down to business in getting all the information. Chatting along the way is good but try to keep it mostly on your professionalism.

Once you get the information let them know you will be putting together their estimate and will fax it to them by the following day. Do everything you say you will do and be where you say you will be. Let a customer know that if they are to receive more bids that they should call you if there are any lower than yours and that you may be willing to adjust your pricing. This way price cannot stop you from getting the bid if you want it.

You must be on the edge at all times and do whatever is necessary to win the bid. Of course if they call you and say they have a bid much lower than yours you must ask to see it if you are thinking of matching it or going below it. If it is just below yours then chopping a few bucks off without seeing it is ok. You may decide it is so low that you cannot match it or go below it. This is where you need to sell yourself and your services, letting them know why you cannot go below that number. This is how you bid a painting job if you want to win it.

For more info on owning a Painting Business:

Curb Painting Business

Creating a Painting Business Plan

Start a Painting Business No Money

Painting Business Insurance Costs

Top Painting Franchises

Painting Franchise Opportunities

Painting Business Insurance Cost

Running a painting business is a lot of work and keeping costs to a minimum is essential if you want to stay in competition causing a lot of Painting Business owners not to carry Painting Business Insurance. This is a huge mistake that can be costly and put your business out of business for good and may even cause you to end up in jail. Every Painting business should carry Painting Business Insurance.

There are two main insurance policies that should be carried each has different premiums depending upon the state and area you conduct business. Checking with an Insurance Agent or Broker for policy premiums is just a matter of going in and talking to them. Most times a policy can be put in place the very same day.

General Liability Insurance is the number one insurance policy your painting business should carry. The premiums in my area for a (1,000,000) one million dollar policy range from (500) five hundred dollars to (1,200) twelve hundred dollars. Sometimes they will allow you to place only (20) twenty percent down and some will require the entire premium be paid up front. The premium is a minumun cost and one your painting business should definitely carry for it will cover any accidental damages and even some injuries.

Workmans Compensation Insurance is the next very important policy you should have in place. Every state has different rules on Workmans Compensation so you will need to talk with your agent about it. In my area the base premium will cost (1,500) fifteen hundred dollars. How it works is based upon how much your payroll is and they will audit you at the end of the term. Some states allow you to carry Workmans Compensation for your self as well as any employees. Workmans Compensation is extremely important and should you have employees working who are not covered you can go to prison for it is a felony in addition to being sued by an injured worker. If you have workers who work for other companies besides yours you can consider them to be sub contractors who would be required to carry their own Workmans Comp policy and show proof of it.

Having Painting Business Insurance is very important and there should always be a policy in place for your own protection.


For more articles on owning a Painting Business:


Creating a Painting Business Plan

Start a Painting Business No Money

How to Bid Painting Jobs

Top Painting Franchises

Painting Franchise Opportunities