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Old 12-30-2011, 09:30 PM   #1
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Default follow up to 1st post... starting a business

hey guys this is a follow up to my first post about starting a painting business.

https://www.painttalk.com/f2/start-up-cost-15662/

Thanks again for all the great advice! I'm starting to put my business together while still working part time. I am buying a truck/van within a month or two and plan to be up and running by spring. I am just begining, but I am excited and confident.. now I have a new fork in the road.

My wife is an interior designer and she is great at it, but wants to quit her job...she is wanting to go at it on her own. Now she has this idea that we should start a painting/interior design business together and I'm just not sure it would work. She believes that there is a middle market which most interior designers don't work with and thats what she hopes to go after (picking colors, finding furniture, window treatments, etc) . I think it could be an interesting niche but how many people want to repaint and hire a designer at the same time? We also are thinking of doing kitchen remodels because our brother in law has an amazing caninet company and the rest of the construction could be subbed with my friends company who I work part time for. Im just not sure... Is this Crazy?? Keep in mind we are both still working part time and dont have plans to get rich quick. we know it needs a lot more planning and thought but do you guys think this is realistic? could it work or do we keep the business' seperate?


-typed on iphone, sorry
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Old 12-30-2011, 09:43 PM   #2
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It all sounds like a great idea! And yes that does sound like a reasonable niche market. But I would fear mixing all of my friends and wife up in the same business. Imagine the job that just won't end or pay part of this as well. You wont even have a friends couch to sleep on cause you owe him money as well. When the good is going good it's great. But when the bad is getting worse it turns horrible.
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Old 12-30-2011, 09:45 PM   #3
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I'll just weigh in on one aspect of your post.

Since you are starting a new business, it might be prudent for your wife to maintain her current job for now. Having both of you strike out in a new venture at the same time could prove difficult at best. Take it easy, see how things go for you and then have her slowly start to develop what she wants to do in conjunction with your work. As as been stressed on this site before: baby steps.
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Old 12-30-2011, 09:52 PM   #4
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@researchhound

I agree with your comment but i should clarify that she will be quitting her job regardless. She comes home in tears everyday bc of her dickhead boss and already has a part time gig lined up for when she quits. I do agree with you about me starting myself and seeing where she can fit in...
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Old 12-30-2011, 10:07 PM   #5
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Negan, I'm just curious, what part of northern Illinois are you in? Just trying to get a feel for your market.
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Old 12-30-2011, 10:26 PM   #6
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paul glad to hear from you, your response to my initial post really kicked off the conversation and I still plan to contact you regarding PDCA meetings I just am not far enough along yet ... I am in the fox lake/mchenry area.
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Old 12-30-2011, 10:43 PM   #7
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Quote:
Originally Posted by negan0769 View Post
paul glad to hear from you, your response to my initial post really kicked off the conversation and I still plan to contact you regarding PDCA meetings I just am not far enough along yet ... I am in the fox lake/mchenry area.
I remember now.

I would think there is enough of a demand in your market for what you want to do. But I'm also in the same boat as researchhound regarding you and your wife teaming up. My gut tells me to get the painting biz up and running first, and then try out working with the wife. I would hate to see the stress (and everything that comes with it) of a new business venture affect your marriage.
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