Do you want to start a sign shop business? Is that something you want to do for a living or you want to create a stable small business that can earn you money from when you retire? Whatever is your cause or reason behind setting up a sign shop, let me tell you that this fun thing to do. This is a lucrative business where you get paid for letting your creative spirits go wild. You get to play with colors and turn lifeless things into something so expressive and fun.
However starting a sign shop or any other business and running it successfully is no child’s play. It requires good planning, solid strategy, and a good backup plan. In this article, we will share with you the steps to help you get started.
#1. First of all, you need to carry out a thorough market research in your area and get information on your competitors and prospective customers. A good research will give you an idea of what is in demand and who are your immediate competitors. Market research is an inevitable need for any startup.
#2. Second, you need to have a solid business plan in place for your sign shop. You may either choose to create a business plan on your own or get help from a business consultant. If you want to seek outside financing, a well-formatted business plan is a must.
#3. When your business plan is approved, you need capital to turn it into reality. You may seek help from a local bank or government organizations for help.
#4. The fourth step is to ensure you have all the paperwork done. You must get the state tax registration, local business permit and state retail sales certificate. In some states, you may even need a contractor license to repair or install new signs.
#5. Look for a spacious office space or workshop. The size of workspace and utility requirements will differ depending upon the type of sign shop you wish to start.
#6. When you have zeroed down to the type of sign business you want to start, you will need to buy the right sign making tools and equipment needed for installation. The need for supplies, equipment, and vehicle needs will vary depending on the type of sign business.
#7. Check your insurance provider to see if you need a surety bonding or business liability insurance to start a sign shop in the state. This may be essential if you choose to install or maintain signs at the customer property.
Sign-Tech Media is an example of the sign shop business. This company has created a niche for itself and earned a reputation for being one of the premium sellers of signs in Edmonton. They don’t just create signs, but they are also into vehicle wraps and graphics. They have a spacious and well-equipped facility that helps them deliver quality products each time and surpass the expectations of customers!