With a focus on producing high-quality, consistent content across multiple platforms, Bee is committed to creating engaging and effective messaging that aligns with the brand’s voice and strategy.
With a focus on producing high-quality, consistent content across multiple platforms, Bee is committed to creating engaging and effective messaging that aligns with the brand’s voice and strategy.
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If you’re starting or growing a painter or decorator business, a big part of your success comes down to making yourself as appealing as possible to prospective customers. Achieving this means understanding the major motivations that customers have when searching for firms, and responding to them in order to stand out from the crowd.
This guide highlights ten key things that your customers are looking out for when working out how to find a painter and decorator that suits their needs. The list comprises practical skills, business acumen and vital documentation, but all of them are critical to the long-term success and profitability of your business.
Experience
Probably the first thing that a customer will look for is information about your experience and qualifications. In particular, they’ll want to know how long you’ve been offering painting and decorating services, what your particular skill sets are, and what stands you out from the competition. They’re most likely to look for your website or social media pages to find this information, as well as any online trader directories that you’re a part of, so make sure your online footprint is updated regularly.
Customer reviews
Alongside researching your credentials, most customers will also explore any reviews that other customers have left for you in the past, and your overall star rating. If you’ve had some negative experiences in the past and received some poor ratings, then this can have a major effect on how you shape up compared to similar painters and decorators. It’s therefore more important than ever to get satisfied customers to leave you positive reviews when you’ve completed their work, to boost your rating and make yourself more attractive to prospective clients.
Estimate visits in person
Customers want to feel valued and that you’re taking your job seriously, especially if they’re looking at spending thousands of pounds with you. And that’s why a thorough estimate inspection, carried out at the location in person, can make an excellent first impression. By conducting an extensive survey and discussing different parts of the work with the customer, you can establish a common ground over what needs doing, how long it will take and how much it’s likely to cost.
Competitive quotes in writing
It goes without saying that you’ll have a better chance of getting more work if you’re able to do it for less than competitors in your local area. At the same time, it’s also good practice to give customers quotes in writing, so that they can be sure of what the price can be and that there is no risk of any ambiguity later on. This quote should take into account all materials and labour, including any extra charges incurred (for example, for working on Saturdays and Sundays).
Quick responses to enquiries
In all forms of retail and services, customer expectations are rising all the time. They increasingly expect to receive responses to their enquiries more or less straight away. In the case of an initial enquiry for a quote, many customers are likely to contact several different painters and decorators at the same time, and go with whichever one gets back to them first. Additionally, they will also expect you to keep in close contact throughout the job so that they’re fully informed.
Comprehensive service
Connected to the previous point, the best painters and decorators will be able to provide a comprehensive and fully professional service. Ideally, you’ll be able to bring several different jobs into a single quote, so that the customer can get large parts of their project done in one go without having to deal with multiple contractors simultaneously. And in professionalism terms, they will expect you to be appropriately dressed and behaved when on site, and with excellent timekeeping (both at the start and at the end of the day).
Specialist skills
General painters and decorators are ten-a-penny, and while they might be good for the basic work where the main differentiator is price, they’ll struggle to pick up the real high-value jobs. To do this, you need to look for more specialist work, such as commercial premises or even heritage conservation, which requires skills only possessed by a relatively small number of tradespeople. If you can develop your CV with skills and qualifications in highly specialised areas, then you’ll be in the running for more lucrative work, and the amount of competition you’ll face for it should be lower.
Clear information
From the start of a job all the way through to the end, clarity is vital in everything you do. Customers never want to feel that you’re pulling a fast one on them, whether that’s through knocking off early at the end of the day, or suddenly saying halfway through that there will be some extra unexpected costs. You should always be as honest and upfront as you can with the customer about the progress of the job, and give them total clarity on timeframe and costs in particular.
Additionally, when providing quotes and estimates, high-pressure sales tactics should be avoided at all costs. Not only are more customers wise to them these days, meaning they will more likely be deterred by them, but the ethical questions around such tactics can really hit your reputation over time.
Flexible payment options
Different painters and decorators take different approaches around when and how customers pay. Some like to get all the money up front, so that they have the capital to buy all the materials they need. Others, meanwhile, will take a proportion as a deposit and then the rest of the payment once the job has been completed. Either way, what is most important here is clarity: customers want to be sure exactly what they need to pay and when, and not to be met with any nasty surprises further down the line.
Proof of insurance cover
One thing that customers hate above just about anything else is uncertainty. This applies to things like enquiry response and timekeeping mentioned above, and it also applies to what happens if and when something goes wrong. For example, if a tin of paint is accidentally spilled over a customer’s carpet, then they (and you) want to be certain that they’ll be able to replace it without ending up out of pocket. The only sure-fire way to do this is with specialist painter and decorator insurance cover. If you’re in the trade looking for cover, get a quote for tradesman insurance today.
Affordable painter and decorator insurance from Protectivity
The last point on this list is especially important. Having painter and decorator insurance is not a legal requirement, and many less reputable operators in the trade may cut corners by not having it. This leaves customers liable for any damage that’s caused, even if it’s accidental, and can quickly lead to a very negative reputation being built up.
This is just one of the reasons why painter and decorator insurance is a must. Take out an affordable, flexible policy with Protectivity and you’ll benefit from cover in several areas to insulate you against any unforeseen financial impact. This includes public liability, products liability, commercial legal protection, and employers’ liability (required if you employ anyone else to work for you).
Starting at just £4 a month, we can give you financial protection for less than a multipack of paintbrushes. Find out more on our painter and decorator insurance policies today.
Get Painter and Decorators Insurance from Protectivity
*Disclaimer – This blog has been created as general information and should not be taken as advice. Make sure you have the correct level of insurance for your requirements and always review policy documentation. Information is factually accurate at the time of publishing but may have become out of date.
With a focus on producing high-quality, consistent content across multiple platforms, Bee is committed to creating engaging and effective messaging that aligns with the brand’s voice and strategy.
With a focus on producing high-quality, consistent content across multiple platforms, Bee is committed to creating engaging and effective messaging that aligns with the brand’s voice and strategy.
With a focus on producing high-quality, consistent content across multiple platforms, Bee is committed to creating engaging and effective messaging that aligns with the brand’s voice and strategy.
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If you’re passionate about helping people to improve their fitness and reach their performance targets, you may be considering a career as a gym instructor. In this role, you lead exercise programmes and give people advice to support their physical health and overall wellbeing. It’s a good time to work in this industry as more people become interested in their health and fitness, seeking out advice and training from qualified professionals.
You could work at a gym, in a leisure centre or for a sports club. The benefits of being a gym instructor include a flexible schedule outside of 9-5 hours, nurturing people’s self-confidence and helping them to enjoy healthier lives. Working on shared goals with people in a dynamic environment can be extremely rewarding. This can increase your own happiness through feelings of professional fulfilment and social connection, as you build strong relationships with clients and fellow instructors. Naturally, you’ll also reap the benefits of good physical health, as the role requires you to be consistently active and lead by example, adopting the good fitness habits you teach to others.
If you’re wondering how to become a gym class instructor, there are specific requirements you’ll need to be aware of. In this blog, we’ve outlined everything you can do to become certified and start practising as a gym instructor. Find out more about the desired skills, the necessary qualifications for different roles and levels, and the length of time it takes to qualify.
How do I become a gym instructor?
To become a gym instructor, you’ll need certain qualifications, people skills and a personal interest in fitness. When pursuing work, it will help you to have practical experience in relevant settings, so you could start out by working as a fitness assistant or another role within a gym. You could do this while you study for the necessary certifications to work as a gym instructor. You’ll also have to pass background checks before you can do this work.
Gym instructors looking for roles can also opt to become certified in CPR and first aid. This isn’t always essential but it is often desired, so it could increase your employability as it shows your commitment to safety, which is an important aspect of the role. You could also be filling a vital gap in the gym you’re applying to work in, if they’re in need of more people with that kind of training.
To be able to lead a variety of fitness classes, you can also follow industry trends and attend conferences, taking additional training in specific types of exercise. You could create videos of yourself leading classes with consenting participants, to demonstrate your abilities to prospective employers.
The required skills of gym instructors
Gym instructors need to possess certain skills and qualities, so it will help your prospects if you have these attributes. They include these core areas:
Good communication
You’ll have to clearly explain exercises to clients, with step-by-step instructions and guidance around health and safety. The role requires you to help people understand their own health and fitness, and clearly share details about the progress they are making in various areas. You’ll also have to listen to what clients tell you and trust that they know their own bodies and capabilities best.
Knowledge of fitness
You’ll need a good understanding of areas such as science, anatomy, physiology, and nutrition. This will help you to design targeted workout plans and give informed, relevant advice to people. Your qualifications will give you a good grounding in the required knowledge. If you take up an apprenticeship, it will provide you with on-the-job training and real-world experience as you learn. It will also help you to continuously expand your expertise and skills throughout your career.
Motivational abilities
You’ll have to inspire clients to push themselves and strive to hit their objectives, keeping them accountable and helping them to remain committed to the goals they’ve set. You’ll need to be empathetic and help them remain positive on more difficult days, giving them encouragement and empowering them to push their limits.
Good observation
This is a crucial skill to have, as you’ll not only help people to become fitter, you’ll also be responsible for their safety. This means you’ll observe everything from changes in their appearance to developments in their physical health, their capacity to perform activities at each stage of their training to whether they are safely carrying out instructions and protecting themselves.
Strong organisation skills
You’ll have to balance the training programmes, records and appointments of numerous customers and clients at any one time. This means keeping on top of paperwork, being meticulous in your note taking and constantly reacting to change, adapting your plans and updating your files. You’ll have to be punctual and help clients to remain on track with their goals.
What qualifications are needed to be a gym instructor?
The guidelines for how to become a gym instructor in the UK vary according to the stage you’re at. Everyone needs to take the same qualification when starting out in their career. As you grow your skills and move into particular areas of interest, you can pursue various training routes.
How to become a level 2 gym instructor
A level 2 qualification is the minimum requirement you’ll need to qualify as a gym instructor. The Level 2 Certificate in Fitness Instructing will formally permit you to practise, once you’ve enrolled on the Register of Exercise Professionals (REPs) and gained your membership.
There are no entry requirements for acceptance and 16 years is the minimum eligible age. You can take the course with a traditional educational institution, such as a college, or with an online learning provider.
Do you need to be qualified to give an induction in a gym?
Once you have your Level 2 Certificate in Fitness Instructing and are working as an instructor, you’ll be able to induct new members. Gym inductions involve showing new customers how to use the equipment, informing them about health and safety procedures and obtaining a completed medical questionnaire.
How to become a gym instructor assessor
If you want to become a fitness tutor, this usually incorporates being both a gym instructor assessor and a teacher, supporting other professionals to develop their careers. This can require you to create lesson plans, teach groups of people starting out in the industry, give feedback on people’s work and invigilate exams.
You’ll usually need a couple of years’ experience before you can become an assessor. This role will also require you to have passed a Level 3 Ofqual-accredited teaching and assessing course.
How to become a personal trainer
If you want to advance beyond your gym instructor role and become a personal trainer, you’ll need to take the Personal Training Level 3 Certificate. This is in addition to your level 2 certification. It will teach you to work with people more closely, giving targeted advice around health and nutrition, and creating and delivering personalised fitness programmes. You could then find your own clients and become self-employed in your personal training.
How to become a fitness coach
If you’d like to move into coaching, you can take the Sports Coaching and Development Level 3 National Diploma. This is a vocational, practical-based BTEC qualification, which qualifies you to become a professional coach. You’ll be eligible to undertake this diploma once you’ve obtained your Level 2 Certificate in Fitness Instructing. You’ll usually need at least five GCSEs too.
Sports Coaching and Development teaches you how to support people with specific areas of their health and wellbeing, with modules on subjects such as nutrition and physiology. You’ll learn detailed techniques for helping people with their performance goals. The course content also prepares you for building your career as a self-employed fitness professional.
How long does it take to become a gym instructor?
The timeframe for becoming qualified as a gym instructor can vary, depending on where you gain your qualification. However, the Level 2 Certificate in Fitness Instructing usually takes up to six weeks on a full-time basis; longer if you study part-time.
Get gym insurance with Protectivity
If you’re a self-employed gym instructor or running your own fitness business, you’ll need to take out comprehensive gym insurance that covers a range of possible risks. Whether it’s a customer injury or damage to your premises that prevent you from operating, we have a range of cover that can be tailored to your needs.
Protectivity, offers a gym insurance policy that gives you peace of mind for unexpected situations that may arise. It’s been designed to support your company and your career success, while protecting your professional reputation, workplace and finances. This great-value specialist cover protects you from a range of potential pitfalls that can come with working for gyms and fitness clubs.
We also offer personal trainer insurance for those looking to branch out on their own. Our friendly and experienced team members are on hand to assist with any insurance related queries to help you protect your business.
*Disclaimer – This blog has been created as general information and should not be taken as advice. Make sure you have the correct level of insurance for your requirements and always review policy documentation. Information is factually accurate at the time of publishing but may have become out of date.
With a focus on producing high-quality, consistent content across multiple platforms, Bee is committed to creating engaging and effective messaging that aligns with the brand’s voice and strategy.
With a focus on producing high-quality, consistent content across multiple platforms, Bee is committed to creating engaging and effective messaging that aligns with the brand’s voice and strategy.
With a focus on producing high-quality, consistent content across multiple platforms, Bee is committed to creating engaging and effective messaging that aligns with the brand’s voice and strategy.
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Determining a fair and competitive price for your services is one of the most essential aspects of running a painting and decorating business. It takes a little time and careful calculation, but once you’ve refined this process, you can apply the same methodology time and time again to reliably price up each job.
You’ll need to incorporate a range of factors to refine your figures, including your level of experience and expertise, the particular deliverables and deadlines, and the going rates for the area. Striking the right balance not only supports your profitability, it also ensures that your clients receive the best value for their investment.
Pricing a job as a painter and decorator might seem slightly complex, but it doesn’t need to be. There are tried and tested strategies you can use to help you come up with an accurate estimate so that you bring in your worth from happy customers and receive positive reviews.
We’ve taken the headache out of this whole process, with a full guide to how painters and decorators price jobs.
How much can I earn as a painter and decorator?
You can research current average earnings for UK painters and decorators, which will continue to change with inflation and other rising costs, by consulting trade websites and government resources and talking to other professionals.
Sole trader painters and decorators earn an average of £47,754.42. This is an average of £36,430 a year after tax and business expenses, such as transport, materials and insurance. This is an average take-home pay of £3,035.83 per month.
For business owners with limited companies, the average annual take-home pay rises to between approximately £45,913 and £58,411.58. This equates to average monthly earnings of between £3,826.08 and £4,867.63.
While it usually makes more sense to offer fixed quotes for large jobs, you can look to standard hourly and daily rates as a rough guide for smaller projects or ad hoc work. You can typically make an average of £37 per hour as a self-employed painter and decorator, or £48 as a business owner. Day rates typically range anywhere between £250 and £400. Bear in mind that painters and decorators in certain regions, such as London, will usually be able to command higher figures.
It can also be beneficial to know the average project costs. Painting a medium room can usually be expected to cost around £400, while painting a house would ordinarily be an average of around £40-60 per square metre of flooring, £8 to £16 per square metre of wall, or £7 to £10 per square metre of ceiling. Painting the interior of whole properties comes in at anywhere between £2,000 for a two-bedroom flat, and £6,000 for a five-bedroom house.
The average price for wallpapering a medium room is between £12 and £16 per square metre, or £350 to £500 for the whole room. If old wallpaper is also being removed, this will be an additional labour cost to factor into the quote.
Painting the exterior of a house usually comes with a charge of between £15 and £25 per square metre. Project costs work out at between £1,100 and £1,500 in total for a three-bed semi-detached house, or between £1,750 and £2,500 for four bedrooms.
These are very loose guideline figures, so to find out your own potential earnings as a painter and decorator, consider the factors we’ll expand on further in this guide. Stay informed about economic conditions that may affect your earning potential, so that you’re always armed with the right knowledge and can plan for your business accordingly.
How do painters and decorators price jobs the right way?
To help you determine a fair and competitive price for your painting and decorating services, you can draw on factors including:
Your experience
Project scope
Location
Client type
Required materials
Any other costs
Current market conditions
You can come up with your own formula for pricing each job to use as a template. Here are the steps to take when creating a quote.
Assess the project scope
Visit the project site and assess the specific requirements. This includes the surfaces to be worked on (walls, ceilings, woodwork, etc.), the number of rooms or areas required, and any additional services needed (e.g., wallpapering, plastering, trim work).
Calculate material costs
Create a list of all the materials required for the project. Be specific in terms of the quality and brand of materials you’ll use, as well as any special requests from the client.
Estimate labour costs
Determine how long you think the project will take. This includes time for preparation, cleanup, and potential delays. Multiply the estimated hours or days by your labour rate, to calculate the labour cost.
Include any extra costs
These might include transportation, parking fees, and the disposal of waste materials.
Add a markup percentage
Add this to the total cost to account for your profit and business expenses. This will typically be around 10-20% on average.
Factor in value-added services
Highlight any unique skills, certifications, or guarantees you offer that can justify higher pricing.
Maintain accurate records of project costs and profits
This information can help you refine your pricing strategy for future jobs and ensure your business remains profitable.
Tips for earning more as a painter and decorator
Providing high-quality work and excellent customer service is one of the best ways you can establish a positive reputation in the industry and confidently increase your rates. However, there are many ways to exercise good business sense and keep boosting your bottom line.
If you want to earn more, there are a few ways you can look to increase your income.
Specialise in profitable professional areas
Over time, you will get to know the types of work that help you to maximise your earning potential as a business. These may be jobs where the materials are less costly, which you can complete in a shorter amount of time, or which require less people. Developing insights into the best sources of profitability will help you to create a business plan that supports your annual revenue, by focusing your efforts on taking on more of this type of work.
Limit how far you’ll travel
While it may seem tempting to travel for work when opportunities arise further afield, you need to make sure it doesn’t end up costing you more than it’s worth in travel expenses. Focusing on work in your geographical area means you can keep costs such as petrol down, while avoiding running up excessive miles on company vehicles, which could impact your insurance. It also lets you grow your reputation locally, rather than spreading yourself too thinly, particularly if you have a smaller team or you’re a sole trader.
If there are going to be occasions when an opportunity further away makes good sense for your business, make these worth it for your business by charging extra fees for travel costs and additional time.
Be smart with your business costs
Your overall costs will depend on the equipment, tools and materials you use, the condition of the property you’re working on, the team you assign to the job (in the case of business owners), and how long it usually takes you to complete the work. You have more control over some of these factors, so make sure you always get the best rate for business purchases and build up relationships with suppliers for trade discounts. Never take out credit cards or loans unless absolutely necessary and they come with 0% interest deals, which you know you’ll be able to pay off within the given time period.
Create a marketing plan
There are many ways you can grow awareness of your brand online and offline, increase your customer base and generate sales. There are a range of strategies you can focus on, depending on your business needs. Search engine optimisation (SEO) helps you rank highly in Google and attract people to your website, while paid advertising helps you to compete against your competitors and target specific audiences. You might also want to look at out-of-home campaigns, such as billboards or radio adverts.
Employing marketing professionals to fill any skill gaps in these areas can be highly worthwhile, as they work towards key performance objectives, such as more website traffic, lead generation and revenue. Hiring freelancers for short-term projects can be a great way of testing the waters and seeing what kind of uplift you can get from investing in this area.
Get Painter and Decorator Insurance with Protectivity
When it comes to protecting your business against claims for injury or property damage, our tradesman insurance policy is a smart choice. By factoring it into your annual expenses, you can minimise the impact of unforeseen events that could harm your reputation and save on costs that arise as a result.
Protectivity’s Painter and Decorator Insurance offers a variety of cover options, including Public Liability, which gives protection against third-party claims from clients and members of the public. If you employ staff and contractors, Employers’ Liability providers cover for workforce illness and injuries.
Get an instant tailored quote for our Painter and Decorator Insurance. If you have any questions or further requirements, you can chat with our friendly team.
Get Painters and Decorators Insurance from Protectivity
*Disclaimer – This blog has been created as general information and should not be taken as advice. Make sure you have the correct level of insurance for your requirements and always review policy documentation. Information is factually accurate at the time of publishing but may have become out of date.
With a focus on producing high-quality, consistent content across multiple platforms, Bee is committed to creating engaging and effective messaging that aligns with the brand’s voice and strategy.
With a focus on producing high-quality, consistent content across multiple platforms, Bee is committed to creating engaging and effective messaging that aligns with the brand’s voice and strategy.
With a focus on producing high-quality, consistent content across multiple platforms, Bee is committed to creating engaging and effective messaging that aligns with the brand’s voice and strategy.
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Tradespeople are in demand across the UK right now, so it’s no surprise that many people want to know ‘how much does a painter and decorator earn?’. Whether working in domestic, commercial or industrial settings, becoming a painter and decorator could help you earn very good money, once you’ve got the right experience in place. But what is the scale of your potential in this industry?
This guide takes an in-depth look at how much painters and decorators can earn in the UK. We’ll look at typical salaries for different levels of experience, how much you could potentially make through a self–employed painter and decorator hourly rate, and what you can do to maximise your earning power.
What is a typical painter and decorator salary in the UK?
The amount that you could earn as a painter and decorator varies substantially, depending on a number of different factors, perhaps the biggest of which is your level of experience. We’ve used figures from Checkatrade research to underline what you can expect to get at different stages of your career – and highlight how your earnings could ramp up over time:
If you’re an apprentice
Typical earnings for a painting and decorating apprentice come in at £6.40 an hour, or £51.20 for an eight-hour day. This equates to an annual salary of £11,238, and the good news here is that this is below the income tax threshold, so you would only be liable to make some small payments towards National Insurance. As a result, you can expect to take home £10,869 a year, which is just over £900 a month – a decent amount with which to combine your studies and training
If you’ve just qualified
Once you’ve got your basic qualifications in place, you’ll start off somewhere around the National Living Wage level, which varies slightly depending on your age. Typically, you can expect to earn around £9.50 an hour, which means £76 a day. This generates a pre-tax salary of £16,682 per annum, which comes down to £14,837 once tax and National Insurance have been deducted. This is just under £1250 a month take-home, but as you gain experience and a good reputation, your earnings should increase quite quickly.
If you’re employed full-time
Once you’re settled into full-time employment with a painting and decorating firm, you should be able to attract a decent wage. According to Checkatrade, typical earnings for an experienced, employed painter and decorator are £16.50 per hour, or £132 per day. This would generate a pre-tax annual salary of £34,320, which is a good chunk above the national average salary. Your net earnings would be £26,831, for a take-home of more than £2200 per month.
If you’re self-employed as a sole trader
If you decide to branch out and start your own painting and decorating business as a sole trader, then the earning proposition is very different. How much you earn will be dictated by how much you charge as your hourly rate, minus any business expenses you incur, from fuel and transport to materials and safety gear.
A typical self-employed painter and decorator hourly rate is £37, which translates to £296 for an eight-hour day and £54,576 a year. Once expenses, tax and National Insurance have been deducted, you should still be left with around £36,000, or £3000 a month take-home.
If you run a limited company
How much you earn running a limited company depends on whether you’re still doing the work yourself, or whether you’re employing someone to do it for you and taking a management role instead. For the purposes of simplicity, we’ll assume the former here.
The average hourly rate that a limited company would charge for painting and decorating services is £48, which works out at £384 a day. This means you could generate £70,802 a year, but as well as your expenses and your own tax and National Insurance, you’ll also have to pay corporation tax, too. What you end up with as your net earnings is therefore highly variable, but within reason your earning power is unlimited!
Ways to improve your earnings
If you want to push those figures up a notch, or you’re thinking that they may be a little low for your personal financial needs or expectations, then there’s plenty you can do to make more money out of the profession. None of them will necessarily make a huge difference, but all are good ‘marginal gains’ that can help you improve your earnings incrementally:
Get more qualifications
When the public are looking for a self-employed painter and decorator, they want maximum confidence that they’re working with the right person for the job. The best way to convince them of your abilities is to gain more qualifications at more advanced levels: ideally, you should adopt a continuous approach to education and constantly be on the lookout for new skills and techniques.
Specialise your offering and skills
If you want to stand out in a competitive marketplace, then pursuing some specialist skills and types of painting and decorating can help. It will give you a niche that not many of your competitors will offer, and also may allow you to charge a premium. This could be anything from particular types of paints and materials, to heritage conservation or commercial premises.
Expand and move yourself into admin
As mentioned above, if you’re experienced and operating as a limited company, you could move into a management and admin role. This means you’ll be involved in quotes, estimates, contract management, design, sales and materials procurement, and you’ll be employing other people to do the actual painting and decorating for you. If you’re employed by someone else, you may find that larger firms also have their own openings for these types of roles.
Raise your rates
Perhaps the simplest way to generate more income is to put your prices up. Far from being an opportunity to grab more cash, many businesses have had to do so to counteract their own rising costs, but this still ensures a greater level of profitability. Raising rates should be done with caution, though: you don’t want to go too far and price yourself out of the market relative to your local competitors.
Look for cost savings
If you don’t feel you can put your prices up, then the best alternative is to look at ways at bringing your costs down. Naturally, you don’t want to compromise in quality of goods or services, but there may well be some efficiencies in your business processes. Think along the lines of more economical transport, using tools and equipment for longer before replacing, or even bringing a packed lunch instead of buying food on the go.
Explore tax efficiencies
If you operate as a limited company, then work with a good-quality accountant, who will be able to advise on ways for you to minimise your tax liabilities within the boundaries of the law. For example, you may be able to reduce your income tax and National Insurance liabilities by paying yourself a small salary and the rest in business dividends. See our limited company tax guide for more details.
Protect yourself against claims
One of the biggest impacts your earnings might face is if you have to deal with a claim for compensation. This could be because you’ve accidentally damaged some customer property, not completed work to the expected standard, or an employee who works for you has got hurt on the job. You should always make sure you’re insulated against these major expenses.
Affordable painter and decorator insurance from Protectivity
At Protectivity, we provide affordable tradesman public liability insurance cover specialising in small businesses. Our policies include public liability, products liability, commercial legal protection, and employers’ liability if you hire other people. That way, when unforeseen circumstances occur, you and your business won’t end up out of pocket.
Starting from just £4 a month, our cover represents a minimal business expense, but could potentially save you thousands of pounds in the long run.
*Disclaimer – This blog has been created as general information and should not be taken as advice. Make sure you have the correct level of insurance for your requirements and always review policy documentation. Information is factually accurate at the time of publishing but may have become out of date.
With a focus on producing high-quality, consistent content across multiple platforms, Bee is committed to creating engaging and effective messaging that aligns with the brand’s voice and strategy.