How to Start a Furniture Refinishing Business
If you want to start a furniture refinishing business, you will have to enhance your skills by doing refinishing at home and doing favors for friends and relatives. When you have confidence, you can now begin with your very own home based business.
Get the needed supplies and advertise. Secure a business license to manage a legit business.
How to Start a Furniture Refinishing Store?
Do you have the skills to turn beat up and old furniture pieces into functional ones? Furniture refinishing is an excellent way to make money. Stripping old furniture pieces can take time and you may start out as a hobbyist. When relatives and friends love your works, it’s time to start your own business. You don’t have to launch a large scale business. In fact, starting out a small business is ideal because you will need smaller capital as well. First and foremost, you need to have confidence in your skills and abilities.
Start with a home-based business so that you don’t have to worry about store space. You can work on the furniture pieces on a spare room or in the garage. Since you’re new in the business, you will have to charge a reasonable price based on the local pricing and the time that you will spend on the job. If you are able to prove your skills and you’re already getting more orders, you can now invest and find an ideal location for the shop. For now, you don’t have to hire employees because you can do this when you decide to expand.
Licensing, Advertising, and Supplies
Register your business with the local government agency so that you can receive your business license. A legit business is better because you don’t have to worry about legal problems. When you start a business, you need to have the needed supplies like sandpaper, glue, claps, and many others. You can start with simple touch up jobs. Even with a home-based business, you also need to have enough capital to manage the initial business operations. If you can prove the quality of your services, word of mouth advertising through referrals may be enough to generate the needed profits. Still, you will have to promote your business through flyers or posters.
You can even create your own business cards as long as you have a computer at home. You can give your cards to flea markets, malls, estate sales, and other potential clients. Starting a furniture refinishing business will require investing time and effort. This is typical for every business owner to ensure success. Find a local supplier for the needed materials and tools. You can also shop online if you want to get discounts on bulk purchases. Monitor your financials by using accounting software. Take note of your expenses, income, and other elements that can have a direct impact on your overall profits.
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