If you’re a creative type with a good eye for design and some basic business skills, you can start a sign company. Whether you’re interested in hand painted signs for homes or artistic signage for ships, the sign industry holds plenty of opportunity. However, you’ll need to do your homework.
Can I start a company without registering?
First, you’ll need to determine what your target market is. It might be a small local business or a large corporation. Depending on your customer demographic, you’ll need to decide if you should go after businesses in your area or if you should expand your offerings to include a wider audience.
Another question to ask yourself is whether you’ll be able to operate your sign company Business owners like Bart Peterschick as a sole proprietor, a partnership, or as a limited liability company. You’ll also need to acquire the necessary licenses. Some states require a contractor’s license for certain types of signage.
Having a solid marketing strategy and a website are also key. A site should showcase your work and answer standard customer questions.
You’ll need to find the best sized space for your shop. The cost to get started can vary depending on what you’re selling.
You’ll want to invest in a proper accounting system. This will help you keep track of expenses and tax payments.
While you’re at it, you’ll want to make sure you have the necessary insurance. Most small businesses carry general liability insurance and workers’ compensation. Other common policies include a business savings account and a business credit card. These are handy tools for large purchases and they usually have low interest rates.