Studies show that large companies such as Sherwin-Williams that are involved with the painting business. Report that many start up painting businesses fail to see the importance of incorporating the detailed cost involved with operating in this type of industry (The Sherwin-Williams, 2015). Because of the lack attention to the detailed cost many companies in this industry often will fail before they are really able to begin. As you mentioned understanding the every detailed cost involved with the day to day running of a painting company will help to ensure that this business will have what it takes to reach overall success.
References
The Sherwin-Williams Company. (2015). Sherwin-Williams Company MarketLine Company Profile, 1-30.