The commercial painting industry includes painting businesses and homes, both on the exterior and inside. In any event, painting is a great choice for those entrepreneurs who have limited resources because it can be started very easily for less than USD 2,000. Exterior painting calls for the use of large brushes, sprayers, and equipment like scaffolding and ladders, while interior painting requires the use of rollers, small brushes, and an eye for detail.

Create a Business Plan
Create a business plan for your painting business. Begin with the objective of your painting business. You should also outline the services or products that you plan to offer and your goals. How is your business going to be different from other painting businesses in the area? Find out what your competition earns and project your income.

Calculate how much time and money you will have to start a new business and how much time you will need to spend before you reach a break even point with your painting business. You will need some equipment no matter what kind of painting you do. In order to get started, you need to have money to back you up financially.

Pick a Name
Give me a name for the company that you are painting. Pick a name that best represents your business and apply it to all communications with the company. Instruct your secretary of state to register the name of your painting company with the state agency. Fees differ according to the state that you file.

Organize & License Your Business
You will need to organize, license and insured your business before you are able to do business with the public.

You can register your painting company with the state so that it will be a legal business.
For business tax filing purposes, you are able to get a federal employer identification number by visiting the Internal Revenue Service site.

Check with the local government to find out if they require any licensing or certification for your painting business to do business.
Get a recommendation from your insurance agent to insure your new painting business.

If you need help drafting a contract for your business, you should consult with a lawyer before you begin painting.
At the end of the year, have a tax professional prepare your tax returns and prepare your financial statements.

Choose a Location
Choose a base of operations for your painting business. You can have this as a shop at your house or you are able to lease or even buy a building. For tax purposes, keep all of the records relating to the business location. When you select an area outside of the house, make sure it meets your fundamental painting needs, like incorporating an area to clean away your paints, check and blend colors and is big enough to keep your gear.

Hiring Workers for Your Business
Hire some painters. As your business expands, you are going to need more time to write bids and paperwork, and you will also be in need of skilled workers to help you run the business.

Marketing Plan: Develop a Marketing Plan
Advertise your business to the communities that surround your business:

You can advertise your brand new painting business by using the phone book, the paper and word of mouth.

Create a business Facebook page, and also request every one of your family and friends to Like it and Share it with everybody on their friends list.

Give out business cards to keep your name in front of people for when they have a brand new project to complete.

Make a site to promote your business contact info on the internet, along with post pictures of projects that you've finished on your Facebook page or Instagram.

Things You'll Need

Paint brushes
Rollers
Paint Trays are useful for storing paint.
Ladders
Paint

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