To reach your goals in the painting business, or any other business for that matter, you might want some kind of purpose. You must know why you want to get into a specific market and know how you want your business to develop. Everyone will have diverse reasons for starting a business but there are some common themes.
Needless to say the motivation to take the plunge and start a company for many people arises from the opportunity to make money. However there are many other reasons why people enter into business. Below we look at ten good reasons to start a new painting company.
1) Scale of the Painting Industry
Often the painting industry is currently worth over 20 billion us dollars annually and is set to continue to grow well into the future. The exact sheer size of the market means that opportunities for hard functioning painters are plentiful.
2) Earnings Prospects
With your own piece of art business you will have a great opportunity to earn an excellent income by yourself and your family. Even working alone it is possible to break an annual revenue of $50, 000 fairly easily once you start to get typical jobs. And once you scale up to the point where you are working on numerous jobs at one time and have a team of painters helping you, then the sky really is the limit.
3) Work from Home
Several painters run their businesses from home so there is no need to visit and lease expensive commercial business premises. There are also some terrific tax advantages open to those with home offices. Your capacity to do this may be affected by local zoning laws though therefore you must check this out at the local level first.
4) Reduced Startup Costs
Compared to other business models, you don’t need plenty of startup capital to start a painting business. If you bottom your business from home and have access to a suitable vehicle then you can be up and running for well under a thousand dollars.
5) Resilient to be able to Economic Downturns
The painting business is not completely strong to recession. However , it is much more recession proof compared to a lot of other industries. While it is true that new property starts slow during an economic downturn there will always be several level of new building going on. And don’t forget that existing properties have to be maintained and this can often mean a fresh coat regarding paint every now and then.
6) Low Barriers to Entry
Virtually anyone can start a painting business. While there are expertise involved in both the practical side of painting and the enterprise side, these are not hard to master with the right guidance and knowledge. You don’t need a University degree to get into the painting online game. There may be licensing requirements and compliance considerations at the regional level though so make sure that you check with your city or perhaps county.
As your own boss you will, to some degree, be able to create your own schedule to fit your lifestyle. You can perform part-time, full-time or week days only, its under your control. Escape your nine to five job, your workplace, rush hour traffic and gossiping coworkers.
8) Nominal Off Season
Some trades and businesses are seasonal, particularly inside the northern parts of the US and Canada where weather conditions causes it to be difficult to work outdoors for large parts of the year. Garden care is one example. While outdoor painting may suffer your blow in some areas over the winter, painters are blessed in that they have interior painting to fall back in. Know more about best Painting Company [http://www.dieselandglory.com] click above the link