The phrase ‘pros and cons’ is used
extensively on the Internet. It basically means ‘advantages and disadvantages’ connected
to a specific term, product, process, skill or an industry. Today we will
briefly discuss the pros and cons of being in house painting service industry.
Painting the interior or exterior of a
house is a major job of professionals. That’s the reason house painting service industry looks to have a bright future. If
you are looking to start-up a home painting company of your own. It is always
better to recognize the pros and cons of any business beforehand. In my opinion,
let’s have a look at them here itself.
Pros-
- Easy to Start: House Painting Service is considered to be one of the blessed businesses, which does not require huge capital to establish. It can also be initiated as a part-time business, to begin with.
- High Earning: Even though the startup cost is on the lower side, home painting business has a potential to earn high profit. As it’s a service-based business industry, the profit largely depends on the skill level and human resource.
- Categories Available: It’s not practical to depend on a single service let it be any business. Home Painting Service allows adding categories like Caulking & Sealing repair, Cement Patching, Pressure Washing, Drywall Repairing, Popcorn Ceiling Removal and much more
- Franchising is Possible: If the business runs well on the local level, it is better to expand it. Home Painting Services can be expanded by setting up franchises in different cities, states or countries for that matter.
- Business Contacts: More than 50% of business is generated from contacts within the industry. House Painting Service comes under the same category as contacts with builders, property owners and interior designers provide better leads.
Cons-
- Health Issues: If a person is into House Painting Service, he or she needs to be in a good health. As the task is a physical labor, it might not be suitable for every individual. For instance, a person with respiratory disorders like Asthma and Bronchitis are better away from the industry.
- Stiff Competition: As it is easy to set-up the business and even possible to manage it part-time the market is filled in with new players. Consequently, it generates a stiff competition amongst the new players itself.
- Seasonal Work: House Painting work requires a specific climatic condition. If that is not available, the entire efforts of painting are wasted. This makes it a seasonal job, as people do not prefer painting their homes in moist conditions.
- Dependent on Economy: Major work for home painting business comes from middle-class families. Having a well-painted house is considered as luxury even in most of the developed countries. If the economy is down people postpone the plan to coat the house with new colors.
- Need to be Legalized: The time has gone, when House Painting Services were operated independently. Now if the company needs to survive in the market it is mandatory to have a business license, insurance, and bonding. This factor increases the total cost of setting up a company.