August 8th, 2023
What are The ups and downs of running a small furniture painting business? Small businesses, such as furniture painting, can be both rewarding and challenging. On the one hand, being your own boss and creating a business that aligns with your passions and values can be incredibly fulfilling. However, running a small business also comes with its fair share of ups and downs.
One of the biggest ups of running a small business is the freedom and flexibility it offers. As the owner of a small business, you have the ability to make your own decisions and control your own schedule. This can be incredibly rewarding, as you have the freedom to shape your business and your career in the way that you want to fit your life! We often fit it around our family life giving us access to an income and the ability to have time with our family.
You are the driving force
Another big up of running a small business is the sense of accomplishment and pride that comes with building something from the ground up. When you run a small business, you are the driving force behind its growth and success. This can be incredibly satisfying, as you have the opportunity to see your ideas and hard work come to life and make a positive impact on others. For most of us this often starts in our kitchens or garages and soon snowballs into a small business.
However, running a small business also comes with its share of downs. One of the biggest challenges is covering all the costs associated with running your business, including expenses for materials, tools, marketing, and more. This can be a significant financial burden, especially in the early stages of your business when you are still building a customer base and generating revenue. Always pay yourself first! this way profit will be built into your service, you come first and investment into new tools after.
Rewarding experience – furniture painters
Despite these downsides, the upsides of running a small business can outweigh the challenges. The freedom, flexibility, and sense of accomplishment that come with being a small business owner can make it a rewarding and fulfilling experience. With hard work, dedication, and a little bit of luck, running a small business like a furniture painting business can be a rewarding and fulfilling career choice.
Organising your time
Running a small business also often requires the owner to learn and manage various tasks and responsibilities. For example, as a small business owner, you may need to learn how to do basic bookkeeping and accounting to manage your finances and ensure that your business is profitable. This can be a daunting task, especially if you don’t have a background in finance or accounting.
Another huge aspect of running a small business is having a strong online presence. This often requires creating and maintaining a website, as well as using social media and other online platforms to promote your business and connect with customers. This can be a time-consuming task and may require you to learn new skills and technologies in order to effectively manage your online presence. As you grow get help! you can not do it all and you do not want to spread yourself too thin.
The Ups and Downs of Running a Small Furniture Painting Business
In addition to managing your online presence, you may also need to create content for your website and social media platforms. This can include writing blog posts, creating videos, or sharing photos of your work. Creating compelling content can be a great way to attract new customers and showcase your skills as a furniture painter, but it can also be a challenging and time-consuming task. We cover these topic and more at PBA.
Overall, running a small business like a furniture painting business requires a wide range of skills and responsibilities. From managing finances and creating a strong online presence to learning new skills and creating engaging content, there is a lot to consider when running a small business. Quite different from the dream of painting furniture every day.
Network with other small businesses.
At Painters Business Academy we run this event to help you with the challenges! Our series of workshops provide practical skills to help you create a solid foundation for your business. From understanding how to price your work, how to market and advertise yourself, to best practices for managing customers, we cover these topics and more in our events. The networking that is done can be invaluable for any painter, and our events are a great way to get started.