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Advertise your Services-: At this stage, everything is in place for you to kick off your business, it’s time to get the word out that you offer painting services. You can leave your complimentary card with the following categories of professionals, building contractors, renovating companies, and repair and maintenance contractors.
This will help to provide greater long-term profits through referrals and repeat business. Finally, the company has procured a $10,000 line of credit (not shown on financial statements) that will be used if necessary to cover unforeseen expenses or opportunities.
Barnum Painters will institute the following key procedures to reach its goals: Barnum Painters is a start-up limited liability company consisting of three principal officers with combined industry experience of 40 years. Barnum Painters will be located in a rented suite in the Rucker Industrial Park on 710 Snoquamie Route, Suite 250 in Edmonds, WA.
The objectives for Barnum Painters over the next three years are: The company will seek to provide its painting services in the most timely manner and with an ongoing comprehensive quality-control program to provide 100% customer satisfaction.
The company’s principal officers see each contract as an agreement not between a business and its customers, but between partners that wish to create a close and mutually-beneficial long-term relationship. The principals will be investing significant amounts of their own capital into the company and will also be seeking a loan of $7,000 to cover start-up costs and future growth.
Get the Necessary Training-: Even if painting is a hobby to you and you know how to handle basic painting job, you need to go for a training to sharpen up your skills to be able to handle professional painting contracts.
There are some online videos, seminars and training you can attend to sharpen up your painting skill.
Some of the skills you need to have as a painter are; colour mixing skill, primers, and cleaning solutions.
If you don’t have the extra money to spend on training materials, you can decide to intern for a painting firm for a short period of time until you professionalize your painting skills.2.
Barnum Painters will engage in a low-cost leadership strategy while maintaining a suitable level of quality.
Initially the company will focus on residential and commercial customers in the Everett, Washington area.