The time depends on how long the paint has to dry,but I guess it's around 3 hours in total.
Disassemble your board and lay the deck on something like newspaper that can get dirty. It should be outside or in a well ventilated area.
2
Paint it with either a single color or some sort of design and let it dry. If you want,you can sand it before applying the paint.
3
Pour dish soap over it in any way you like,which will "protect" the color underneath, spraypaint the deck with another color and let it dry.
4
Wash off the soap thoroughly and dry with a towel,but don't do this too harsh as it could rub away some color.
Cover it with a clear coat paint and let it dry.