Becoming an Entrepreneur
Starting a Commercial & Industrial Painting Contractors Business
Opening a commercial and industrial painting contractors business is your ticket to owning a good, stable business but it's important to plan out the business in detail before you start. We offer nuts-and-bolts information that may be key to your ultimate success.
Wondering how to start a commercial and industrial painting contractors business? We take you step-by-step from start to success.
Commercial and Industrial Painting
You may already be familiar with residential painting companies, where project prices range from $2,000 to $5,000. Commercial and industrial painting is a move up the painting contractors food chain, giving access to much larger projects, albeit more complex projects.
Commercial painting projects involve painting things like hospitals, business interiors and business exteriors. Typical pricing for a commercial painting project might be in the $20,000 to $100,000 range. Industrial projects, in contrast, involve painting much larger structures that may have specialized coating needs. This includes structures in the oil and gas industry, as well as giant manufacturing and processing facilities. For industrial painting contractors, contracts can range from $75,000 to $2,000,000 per project.
Location is obviously key for commercial and industrial painting companies. You need to be located in an area that has a lot of paintable structures, such as office complexes, manufacturing companies and the like. Needless to say, you won't be able to launch a successful commercial/industrial painting business in a rural area that is mostly corn fields.
Creating a First-Rate Commercial & Industrial Painting Contractors Company Business Plan
A business plan isn't just another startup formality. It's a core business document that will guide your commercial and industrial painting contractors business's decisions and activities on a go-forward basis.
Accuracy and an eye for detail count when writing a business plan. Fudging the numbers is the equivalent of sabotaging your commercial and industrial painting contractors business's strategic interests.
Instead, commit to creating the most precise business plan possible. If you're still not convinced, consider what the experts say about business plan writing.
Take a Look at Competitors
Well in advance of opening a commercial and industrial painting contractors business in your town, it's essential to see how many competitors you have. Try our link below to find competitors nearby. Just enter your city, state and zip code to get a list of commercial and industrial painting contractors businesses in your community.
Prior to opening your doors for business, be sure you fully understand the competitive landscape and where your new business will fit in.
Turning Competitors Into Collaborators
Once you've finished assessing the competion, the next step is to talk to somebody who is already in the business. It's very unlikely that the local competition will talk to you. It'd be crazy for them to teach you the business.
But, a person who owns a commercial and industrial painting contractors business in a different city will be much more likely to talk with you, given that you don't compete with them in their area. In that case, the business owner may be more than happy to discuss the industry with you. In my experience, you may have to call ten business owners in order to find one who is willing to share his wisdom with you.
Where would you find an entrepreneur who is running a commercial and industrial painting contractors business who is willing to advise you because you live in different cities?
Easy. Find them using our link below and start calling until you are successful.
Guidelines for a Commercial & Industrial Painting Contractors Business Acquisition
There are a lot of reasons why it may be preferable to acquire a commercial and industrial painting contractors business instead of starting a new business venture.
An acquisition isn't necessarily a bed of roses. You'll need to thoroughly evaluate the factors involved with buying a business. The first criteria to consider is whether the existing business can be adequately adapted to your business philosophy.
If the business is right for you, the assistance of a business broker will help all of the rest of the pieces of the process fall in place and you will be well on your way to owning a proven commercial and industrial painting contractors business.
Consider Franchising
If you don't want to have to do everything on your own, you may want to consider leveraging the success of an established franchise network.
Prior to starting a commercial and industrial painting contractors business, you would be wise to investigate whether buying a franchise could be the right move for you.
The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.
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