Is Fear of Failure Holding You Back From Starting Your Own Painting Business?

It’s a known fact among house painters that over 90% of new painting businesses never make it past the first year. But did you also know that one of the main reasons so many good painters never get started is due to fear of failure? Fear of failure paralyzes painters into remaining in dead-end jobs doing this for bosses who don’t appreciate them and who barely pay them enough to survive.

Although our industry desperately needs better customer service oriented painters in the field, there is a right and wrong way to go about getting started. The thought process for most house painters considering starting their own business is “I know how to paint so I will start my own painting business” but it quickly becomes clear that there is more to owning a business then the ability to apply paint well. Don’t get me wrong good skills are a very important part of the process, but there are two other skill sets that must be developed also. Having a grasp of these two skill sets practically eliminates the fear of failure and will put you on a firm foundation to grow your painting business.

The first skill set is marketing, which is the ability to get your phone ringing and consistently bring in new work.

The second skill set is bidding and estimating, which is the ability to come up with the right price and land jobs on a consistent basis. There are really only two ways to develop these two areas of specialized knowledge. You can take the frustrating, costly and time-consuming route of trying to figure it out on your own through trial and error, or you can research study and apply proven techniques found in a quality painting business building home study course.

My point is that the information gathering phase is arguably the most important first step, but unfortunately it’s also the most overlooked. The good news is there’s one sure fire way to overcome the fear of failure and that is to gather information and educate yourself about what it takes to start, profit and succeed before you jump right in. Spend some time searching the Internet looking for websites and gathering information such as articles and interviews, presented by people who are already experiencing the type of success that you would like to achieve.

Decide what type of paint jobs you would like to target (for example, interior residential repaints). Speak to your local professional store manager and ask questions about your local market. The funny thing about the fear of failure is that it only exists because of “lack of knowledge”.

So if you spend some time gathering information from credible sources about how to develop a cost effective marketing system and how to competitively and profitably bid and estimate paint jobs you will quickly gain the confidence to finally take the step and be your own boss. The more knowledge you gain before you get started, the greater your chance for long-term predictable success.

Starting an Arcade Business – It’s Fun, Entertaining, and Profitable!

You should consider Starting an Arcade Business for public entertainment if you enjoy entertaining and amusing people! You can set your cash registers roaring by providing loads of interactive games, computer games, video games and all kinds of electronic amusement amenities.

This is a fun and family entertainment business. Youngsters and young adults just want to chill out and get their adrenaline pumping and amusement arcades are just the environment. If you are looking for self-employment options that will earn you a stable and profitable income you need to consider the arcade business. Before Starting an Arcade Business you need to check out the local zoning laws.

Estimated start-up costs:

$10,000 to $50,000.

Financing Sources for Starting an Arcade Business:

Bank & Credit Union Loans

Angel Investors

Business Plan needed when applying for loans

Marketing Methods and Tips:

Remember that you are competing with home versions of all these games. For that reason you need to do something to draw them to your Arcade rather than remaining at home to play. Think up some catchy name for your arcade business. One way to draw customers is by offering exciting, fabulous and unique prizes on winning particular games!

Advertising :

Place ads in local newspapers

Yellow Page advertising

Local Radio Stations

Distribute flyers at local clubs, super markets, etc.

Internet website

Essential Equipment:

Vending machines for food, candy and soda

Coin or Token Change Machines

Tables & Chairs

Arcade Games of all types and varieties

Recommended Training, Experience, or Needed Skills:

You don’t require any kind of formal or professional training for Starting an Arcade Business. It would be helpful to have some technical knowledge on repair and upkeep of the games. However, you can outsource for repairs and upkeep. Basic business skills would be helpful, but you can learn from books or business plans you can purchase.

Income Potential:

The income potential is dependent upon a good location. If you locate the arcade properly, you can make upwards of $100,000 a year. Without a proper location you will probably have little chance of success.

Target Market:

The biggest target markets for your arcade business are kids, teens and young adults.

Success Tips:

The biggest success tip for any arcade business amateur would be to promote your gaming parlor in a big, big way. You have to employ clever business and marketing techniques to attract customers. After that word of mouth will work the best.

You need to create the perfect ambiance that will help youngsters and their parents to have fun and relax! Revamp your arcade décor from time to time including the latest games and exciting prizes!