Profitable Painter Podcast
By: Daniel Honan, CPA
Language: en-us
Categories: Business, Entrepreneurship
Profitable Painter Podcast is a rich resource for anyone interested in starting, running, and scaling a professional painting business, offering valuable insights, strategies, and interviews with industry leaders. Through case studies and in-depth discussions, we deliver a vivid picture of the painting industry, with a disclaimer that any financial or tax information is general and not a substitute for professional advice.
Episodes
Are You Paying Yourself Right?
Jan 09, 2026Send us a text
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You carry the payroll, the risk, the insurance, and the stress—so why does your paycheck still feel like an afterthought? We open the books on owner compensation for painting contractors and explain how to know, in dollars, whether you’re underpaid or right on target. Using a simple benchmark—the 15 percent “beach test”—you’ll learn how to measure what your business should pay you even if you st...
Duration: 00:07:27The Story of Dripjobs with Tanner Mullen
Jan 02, 2026Send us a text
Ever wonder what happens when purpose collides with process? We bring on Tanner Mullen—third-generation painter, founder of DripJobs, and author of 31 Days of Value—to unpack how a service-first mindset, fast hiring, and relentless follow-up can transform a trades business from chaotic to compounding. The story begins with a personal pivot: leaving a promising corporate path to help his family and build a painting company from the ground up. From the early days of learning production on YouTube to the breakthrough that came with one key A-player hire, Tanner shows how quality, trus...
Duration: 00:44:27Servant Leadership And Systems That Scale Profits In A Painting Business
Dec 26, 2025Send us a text
If you’ve ever felt trapped between the brush and the books, this conversation will feel like a map out of the maze. We sit down with Cui of Paramo Painting in San Antonio to trace his path from chaotic early days to a focused, people-first business powered by servant leadership, job costing, and simple, repeatable processes. The turning point wasn’t a hack—it was humility. Honest feedback pushed him to stop muscling through and start building a company that serves both customers and the crew.
We dig into the guts o...
From 110K To $1.7M: How Ryan Pettis Scaled Fast
Dec 19, 2025Send us a text
What does it take to jump from $110,000 to $1.1 million in a single year—and then keep climbing toward $2 million? Ryan Pettis joins us to share the unvarnished playbook: get crystal clear on the end goal, surround yourself with bigger players, and execute faster than your fear. He started at 15 with his great uncle, saw the gap in professionalism, left college to go all-in, and then built a business that runs on systems instead of heroics.
We dig into the real inflection points: stepping off the tools, investing in marketing with the ri...
Knock Knock, Who’s Profitable Now
Dec 12, 2025Send us a text
In this episode of The Profitable Painter Podcast, Daniel sits down with José, founder of Refined Painting in Washington State, one of the fastest-growing painting companies in the country.
José’s story is wild:
He entered the industry as an estimator for only 3–4 months, had zero painting experience, then quit to launch his own company, and proceeded to hit $1 million in just eight months, followed by $2 million in year two, all while painting is only possible 3 months out of...
What If Your Painting Business Became Equity Instead Of A Job
Dec 05, 2025Send us a text
In this episode of The Profitable Painter Podcast, Daniel sits down with Benson, founder of Legacy Paint Holdings, one of the most ambitious and innovative roll-ups in the modern painting industry.
Benson’s story is extraordinary: starting a painting company in high school during the 2020 lockdown, scaling to multi-location operations while still in college, consulting for over 100 painting companies, and now leading an aggressive nationwide acquisition strategy with 8 companies already in the portfolio.
He shares deep insights into systems, leadership, roll-ups, val...
Duration: 00:38:52From Student Painter to $4M in 3 Years — The Rise of Gabe Elias
Nov 28, 2025Send us a text
In this episode of The Profitable Painter Podcast, Daniel sits down with Gabe Elias, founder of EVM Home Improvements, one of the fastest-growing painting and home improvement companies in Massachusetts.
Gabe went from a 19-year-old Student Painters rookie producing $200K in one summer to building a powerhouse business doing $4,000,000+ in only three years, plus acquiring a 7-figure construction company.
He shares the raw, unfiltered story of early struggles, insane learning experiences, building a strong personal brand, scaling with subcontractors, and using social media + r...
Duration: 00:45:37Systems, Not Surprises: The Quiet Math Behind A Profitable Painting Business
Nov 21, 2025Send us a text
In this episode of The Profitable Painter Podcast, Daniel sits down with Hassan, owner of a fast-growing painting company out of Raleigh, North Carolina. Hassan shares how he and his wife went from frustrated homeowners dealing with unprofessional contractors to building a 1.8M+ painting business in just a few years.
Hassan breaks down the exact strategies that fueled their rapid growth — including a powerful on-site sales process, hiring a specialized marketing firm, building a call center partnership, and optimizing production rates across multiple crews. Whether you're struggling with lead flo...
Duration: 00:34:14Stone On The Walls, Health In The Home
Nov 14, 2025Send us a text
In this episode of The Profitable Painter Podcast, Daniel sits down with Amy Stewart, a third-generation painter from Oregon who transformed her lifelong craft into a boutique, high-end finishing business specializing in Venetian plaster, faux finishes, murals, and tadelakt showers.
Amy shares her remarkable journey, from learning meticulous craftsmanship as a child, to discovering Venetian plaster in the early 2000s, to traveling to Italy for nearly a month to study authentic lime plasters and old-world techniques.
If you’ve ever wanted to niche down, elevate you...
Duration: 00:28:5613 Questions Predict Your Painting Company's Financial Future
Nov 07, 2025Send us a text
We sit down with Brandon Lewis of the Academy for Professional Painting Contractors to dissect the exact playbook top-tier painting companies use to skyrocket profit, eliminate waste, and build a business that runs from a desk—not from their van.
Brandon exposes the divide between owners who chase complexity and those who master the fundamentals: written goals, time-blocked deep work, and a bias for action over excuses.
In this episode, you’ll get the instrument panel for a profitable business, including:
The... Duration: 00:50:27Coffee, Prayer, And A Million-Dollar Paint Roller
Oct 31, 2025Send us a text
We share how Grace took a sleepy painting company, faced a divorce and a two-hour commute with five kids, and still 10x’d revenue by focusing on sales, margins, and team. The path is not easy, but it is simple: solve the next problem, implement fast, and use a proven roadmap.
• starting in cleaning then pivoting to painting for better margins
• taking over the company after divorce and relocation
• learning in-person estimates and building trust
• tracking close rates and raising average ticket
• fixing margins with clear scopes and change o...
One Estimator, Better Branding, And A 50-50 Mix Fueled Our Leap In Revenue
Oct 24, 2025Send us a text
In this episode, Daniel sits down with Chad Turpen, owner of a thriving painting business in Indiana, to unpack how he grew from a one-man operation to a $3M powerhouse, all while staying true to his mission of raising the standard in the painting trade.
Chad opens up about the lessons learned from scaling, hiring the right team, and the importance of branding, marketing, and mindset in building a long-term, sustainable business. Whether you're just starting out or pushing past seven figures, this episode is full of hard-earned insights...
Duration: 00:28:29From Web Design To Wild Fox: How Micah Built A Lean, Profitable Painting Company
Oct 17, 2025Send us a text
Struggling to scale past the half-million mark with a small team? In this insightful episode of the Profitable Painter Podcast, we sit down with Micah from Wild Fox Painting in Colorado.
He started his company from scratch in 2018 and has systematically scaled it to nearly $500K with just 2.5 people—and is on track to hit $1M. He reveals the power of niching down, creating hyper-efficient processes, and building a team that delivers exceptional quality and client experiences.
You’ll learn how to:
Niche Down for Profit & Efficiency: W... Duration: 00:31:10From Side Hustle to $4M: Building Leaders, Systems, and Margin in a Painting Company
Oct 15, 2025Send us a text
Struggling to scale beyond $2M and stuck as the bottleneck in your own painting business? In this game-changing episode of the Profitable Painter Podcast, we sit down with Michael Cheney, who grew No Drip Painting from a side hustle into a projected $4M empire in Columbus, Ohio.
He reveals the exact leadership and hiring shifts that unlocked explosive growth, and how he’s building a self-managing company that runs without him.
You’ll learn how to:
Hire Leaders, Not Doers: Why Michael hired a Director of Sales and Dire... Duration: 00:44:39Profit follows process: turning brushwork into a scalable, data-driven company
Oct 10, 2025Send us a text
Ready to scale a painting business to 76 locations with a 24% net profit? In this value-packed episode of the Profitable Painter Podcast, we sit down with Jay Mason, a true industry insider who went from a Sherwin-Williams store manager to building a formidable painting franchise empire.
He pulls back the curtain on the exact systems, processes, and mindset shifts that allow his franchisees, even those with zero painting experience, to build consistently profitable and scalable businesses. If you're tired of the feast-or-famine cycle and want to build a business that works for...
Duration: 00:36:06Saying No to Grow: A Painter’s First-Year Pivot
Oct 03, 2025Send us a text
Ready to go from startup chaos to a self-running painting business in under a year? In this powerhouse episode of the Profitable Painter Podcast, we sit down with Jordan, a painting business owner from Virginia who skyrocketed from $0 to over $360,000 in his first year and is on track to double that in year two.
He pulls back the curtain on the messy beginnings, the costly mistakes, and the exact mindset and operational shifts that unlocked rapid growth. If you're in the trenches, trying to do it all, and feeling overwhelmed, this...
Duration: 00:27:38From Solo Painter to Freedom-Focused Business Owner: Mihai's Journey
Sep 26, 2025Send us a text
Stuck as the "perfect" painter who can't let go? Discover how Mihai scaled his painting business to nearly $1M in a small market, built a self-managing team, and now takes 3-month vacations while staying profitable.
In this episode of the Profitable Painter Podcast, host Daniel Honan sits down with Mihai, a high-end painting contractor from Sudbury, Ontario. Mihai started as a perfectionist solo operator, frustrated that no one could meet his sky-high standards. He reveals the pivotal mindset shifts and operational systems that allowed him to break free from the tools...
Duration: 00:40:13Superhero Syndrome: Why You Can't Do It All Yourself
Sep 19, 2025Send us a text
In this episode of the Profitable Painter Podcast, we sit down with Tara Riley, COO of the Academy for Professional Painting Contractors (APPC) and a 20+ year home services veteran and former President of Fresh Coat Painters. With experience diving into the financials of hundreds of painting businesses, she reveals the critical mindset shifts and operational strategies that separate stagnant companies from scaling superstars.
You'll learn how to:
Break Through the $500k Barrier: Why your role must change from "Superman" doing the work to a leader investing in people.<... Duration: 00:40:58From Zero to Multi-Million: The Ukie Painting Success Story
Sep 12, 2025Send us a text
In this episode of the Profitable Painter Podcast, we sit down with Vital and Andrii, the founders of Ukie Painting in Charlotte, NC. They reveal the exact strategies that took them from two guys with a single car and no painting skills to a multi-million dollar business in just three years.
You'll learn how they:
Started with $0: Their humble beginnings using door knocking, Facebook, and a car magnet to land their first clients.Broke Through the First $1M: The pivotal mentor advice that made them define... Duration: 00:40:18Mastering the SCALE Framework: Building a Thriving Painting Business
Sep 08, 2025Send us a text
In this episode of the Profitable Painter Podcast, Daniel Honan (CPA, former painting business owner) and Richard Dunton (Enrolled Agent) dive deep into the SCALE Framework, the core system from Daniel's new book for ensuring your business is built to grow profitably.
You'll learn the 5 critical components to diagnose your financial health:
S - Secure Profitability: Discover the #1 ratio to dial in for maximum profit (and why just being "busy" isn't enough).C - Control Cash Flow: Cash is King. Learn the simple mantra... Duration: 00:20:41The BUTT Framework: Building a Sellable, Protected Painting Business
Sep 05, 2025Send us a text
Worried about protecting the wealth you've built in your painting business?
In this episode of the Profitable Painter Podcast, Daniel Honan (CPA, former painting business owner) and Richard Dunton (Enrolled Agent) reveal the exact framework to shield your assets, slash your tax bill, and secure your legacy.
You'll learn the "Cover Your B.U.T.T." framework to defend your business and family wealth:
Built to Sell: Discover how to calculate your business's true value (even if you never plan to sell!) and the #1 risk that... Duration: 00:19:25Breaking Through Financial Ceilings: The GAPS Framework for Painting Businesses
Aug 29, 2025Send us a text
Breaking Through Financial Ceilings: The GAPS Framework for Painting Businesses
Tired of hitting a growth ceiling in your painting business?
In this episode of the Profitable Painter Podcast, Daniel Honan (CPA, former painting business owner) and Richard Dunton (Enrolled Agent) break down the exact framework they use with clients to identify and smash through their biggest bottlenecks.
You'll learn the "GAPS" framework to diagnose what's truly holding your business back:
Generate Customers: Is your sales process and marketing the... Duration: 00:31:33Beyond Residential: Is Commercial Painting Your Next Growth Frontier?
Aug 22, 2025Send us a text
In this episode, Daniel Honan sits down with Michael Jordan, a true industry titan who built a massive painting business employing over 70 painters and expanded into multiple service-based companies.
Mike opens up his 25-year playbook, sharing the exact strategies he used to break out of residential repaints and dominate the lucrative commercial and industrial painting space. If you're feeling stuck or ready to scale, this is a masterclass you can't afford to miss.
We dive deep into:
The Commercial Leap: How to transition from... Duration: 00:37:00Paint, Profit, and People: The Growth Formula
Aug 15, 2025Send us a text
In this episode, Daniel sits down with Gabriel Gore, a successful painting business owner with nearly 20 years of experience. Gabriel shares his incredible journey from starting with no industry knowledge to running a multi-location, multi-million-dollar operation. Learn key insights on:
Scaling past the $3 million revenue barrier and overcoming common growth plateaus.The power of core values and how they shape hiring, retention, and company culture.Sales and marketing strategies that allow you to charge premium prices (30–50% higher than competitors!).Team leadership, why loving and in... Duration: 00:40:50Free Webinar: Making More Money and Saving on Taxes
Aug 08, 2025Send us a text
In this exclusive webinar, Daniel Honan (CPA) and Richard Dunton (EA) from Profitable Painter CPA (formerly Bookkeepers for Painters) share actionable strategies to help painting business owners scale profitably, reduce taxes, and avoid financial pitfalls.
Key Takeaways:
-The #1 Financial Ratio to maximize profitability without wasting money on marketing.
-Tax Reduction Secrets to legally pay almost nothing in taxes while staying IRS-compliant.
-Pricing & Efficiency Tips to hit 50%+ gross profit margins and grow sustainably.
-Business Structures Explained (Sole Prop vs. S-Corp vs. C-Corp) and how to choose the...
Hard Decisions and Hiring Right: Scaling Your Painting Business
Aug 06, 2025Send us a text
In this episode, Daniel sits down with Matthew Johnson, a successful painting business owner from Louisiana, to explore his incredible journey, from picking up a brush as a teenager to building a multi-million-dollar company. Matthew shares candid insights on overcoming challenges, the importance of coaching and core values, and how to create a thriving team culture. Whether you're just starting out or looking to take your business to the next level, this conversation is packed with actionable advice and hard-earned wisdom.
Tune in to discover:
- How Matthew scaled...
Duration: 00:43:16Family, Faith, and $4 Million: The Blueprint for Painting Success
Aug 01, 2025Send us a text
From $160K to $4.5M in 4 Years: The Monster Energy Painting Success Story
In this episode, we sit down with the CEO of Montenegro's , to uncover how he and his brother built a thriving painting business in Idaho, starting from scratch and scaling to millions in revenue. Learn their secrets to balancing residential and commercial projects, managing cash flow, and overcoming major challenges like delayed payments and contract pitfalls.
🔑 Key Takeaways:
How knocking doors and relentless hustle led to their first $100K commercial project.The cri... Duration: 00:40:46From Brushes to Books: Building a Profitable Painting Business
Jul 30, 2025Send us a text
In this episode of the Profitable Painter Podcast, host Daniel Honan (CPA and former painting business owner) sits down with Russell Peach, founder of Peach Painting, to uncover the strategies behind scaling a painting business from $500K to a projected $7M in revenue.
Russell shares his incredible journey, from starting with full-home remodels to niching down into commercial painting, and finally pivoting to residential painting, where he achieved explosive growth. Learn how he:
Transitioned from commercial to residential painting and why it was a game-changer.Scaled rapidly<... Duration: 00:42:45From Wall Street to Wall Paint: A Corporate Finance Professional's Journey
Jul 25, 2025Send us a text
In this value-packed episode, host Daniel Honan sits down with Zane Zeman went from crunching numbers in corporate finance to running a 38-year-old painting business, and he did it with just 5% down. In this episode, we break down:
✅ Why he BOUGHT instead of starting from scratch (hint: it’s riskier than you think).
✅ The wild SBA loan process, how he got financing with ZERO industry experience.
✅ The biggest challenges of taking over a legacy biz (subcontractor mutiny? Almost.).
✅ Scaling...
Cabinet Kings: Mastering the Art of Refinishing
Jul 18, 2025Send us a text
In this value-packed episode, host Daniel Honan sits down with Josh Henry, a cabinet refinishing specialist who scaled his business to $1M+ in revenue with industry-leading 65% profit margins. Discover how niching down and strategic delegation transformed his operation from a one-man show into a powerhouse.
Key Takeaways You’ll Learn:
Why specializing in one service (like cabinet refinishing) beats being a "jack of all trades", and how it lets you charge premium pricesThe exact profit margins Josh achieves (hint: top 1% of painting co... Duration: 00:27:47From Brushes to Brand: Building a Scalable Painting Business
Jul 11, 2025Send us a text
In this value-packed episode, host Daniel Honan sits down with Micah McLain, founder of Search Quick Grow, to share actionable strategies for painting contractors looking to grow their businesses profitably.
Key Takeaways You'll Learn:
The power of niching down and why trying to do everything often leads to failureHow to calculate your true market potential (most contractors are leaving money on the table!)Branding lessons from Apple and Nike that apply to your painting businessWhen it actually makes sense to add new services or locationsSimple but powerful customer... Duration: 00:42:23The One Big Beautiful Bill: What Small Business Owners Need to Know
Jul 03, 2025Send us a text
In this must-watch episode of the Profitable Painter Podcast, Richard Dunton, Enrolled Agent and Advising Director for Profitable Painter CPA, breaks down the controversial House Resolution No. 1 (HR 1), the so-called "One Big Beautiful Bill", and how it could drastically impact your taxes, deductions, and bottom line as a small business owner.
🔹 Will the government raise taxes in 2025?
🔹 Hidden pitfalls in the new tax bill, what they’re NOT telling you!
🔹 Child tax credits, overtime rules, and SALT deductions, will you win or lose?
🔹 100% bonus depreciation is BACK (but for how long...
Door-to-Door to Dollars: The Art of Painting Profitably
Jun 27, 2025Send us a text
In this episode, host Daniel Honan, CPA and former painting business owner, sits down with Ryan Ezzell, the founder of a rapidly growing painting business in Tennessee. Ryan shares his incredible journey from starting with door-to-door sales to scaling his company to over $1.5M in revenue in the first year and on track for $4M+ in year two.
🔹 Key Takeaways:
How Ryan built a hybrid team of subcontractors and in-house painters.The power of door-to-door marketing and... Duration: 00:38:32From Desk Job to Thriving Paint Business: Knute Olson's Journey
Jun 20, 2025Send us a text
In this episode, host Daniel Honan, CPA and former painting business owner, sits down with Knut Olsen, the owner of Cascade Ridge Painting in Washington. Knut shares his incredible journey from working a "boring desk job" to building a thriving painting business that’s on track to hit $600,000 in revenue this year, all in just four years!
🔹 Key Takeaways:
-How Knut transitioned from a 9-to-5 job to entrepreneurship with zero painting experience.
-The lead generation strategies that work best for his busin...
Money and Vision: Patrick's Painting Business Breakthrough
Jun 13, 2025Send us a text
In this episode, host Daniel Honan (CPA and former painting business owner) sits down with Patrick from Patrick’s Painting in Northern Virginia. Patrick shares his incredible journey from starting with just a paintbrush and a contractor’s license to building a multi-million-dollar painting business.
Key Takeaways:
How quitting drinking and focusing on productivity helped Patrick grow from $600K to $2.6M in revenue.The importance of hiring coaches (business, financial, and fitness) to accelerate growth and avoid costly mistakes.Why project management was his biggest bottleneck and... Duration: 00:43:37Beyond Brushes: The Strategic Mind Behind a $5M Painting Company
Jun 06, 2025Send us a text
Welcome to the Profitable Painter Podcast! In this episode, host Daniel Honan, CPA and former painting business owner, sits down with Brad Ellison, founder of Ellison Painting, to uncover how he scaled his residential painting business from $0 to $5.1 million in under 3 years.
Brad shares: How he stumbled into the painting industry The exact marketing and hiring strategies he used to grow fast Why work-life balance was a non-negotiable from day one The importance of paid ads, project managers, and setting clear revenue targets His journey partnering with a longtime friend and st...
Paint, Profits, and People: The Secret Sauce of Growth
May 23, 2025Send us a text
In this episode of The Profitable Painter, host Daniel Honan sits down with Zach Guthrie, a painting business owner from Buffalo, New York, who has grown his company from a solo venture into a thriving operation with two full-time crews and seasonal expansion.
Zach shares the real-world challenges he faced in the early days, juggling roles, setting up his LLC, handling taxes, and managing manpower, and how he overcame them by investing in team culture and leadership. Learn how creating camaraderie among workers, recognizing achievements, and structuring roles like project managers an...
Duration: 00:31:30How One Painting Company Generated $4,000 Jobs for Just $100 in Marketing
May 16, 2025Send us a text
In this episode, Molly Zabielski and her business partner Jacob share their inspiring journey from working with Student Painters to launching Clean and Coat Painting in August 2023. Discover how they leveraged social media to serve 200+ residential customers in just eight months, achieving a remarkable 39% closing rate on Facebook leads, far above the industry average.
They reveal their winning strategies, from creating engaging team-focused content to mastering Facebook ads and optimizing their Google Business profile. Plus, learn how they keep customer acquisition costs low while scaling their team to meet soaring demand.<...
Duration: 00:31:46Hire for Culture, Train for Skill: Secrets of a $3M Painting Business
May 09, 2025Send us a text
In this insightful episode of the Profitable Painter Podcast, host Daniel Honan sits down with Chad Huber, owner of Casa Keepers and founder of the groundbreaking Painting Angels, for a deep dive into building a business rooted in culture, communication, and social impact.
Chad shares his unconventional journey into the contracting world, sparked by frustration with poor contractor experiences. His mission? To redefine professionalism in the trades by prioritizing low-stress, high-communication service, values now embedded in his $3M+ Texas-based renovation business. But his vision doesn’t stop there. With Painting Angels, Ch...
Duration: 00:34:54Building Wealth Through Business Systems: A Painting Entrepreneur's Journey
May 02, 2025Send us a text
In this powerful episode of the Profitable Painter Podcast, host Daniel Honan sits down with Gene Harris, owner of multiple Painter 1 locations and founder of Hoosier Admin, for an inspiring conversation about building a business with intention and impact.
Jean shares how his background in the Navy and property management helped shape his mindset as a business owner. But what truly sparked his entrepreneurial drive was planning for his family’s future, including long-term care for his special needs son. That mission led him to launch and scale not just one, bu...
Duration: 00:36:17Paint, Profits & People: The Leadership Edge
Apr 25, 2025Send us a text
Paint, Profits & People: The Leadership Edge
In this episode of the Profitable Painter Podcast, host Daniel Honan sits down with Andrew Dwyer, publisher of American Painting Contractor (APC) and a trusted voice in the industry for over 30 years. Together, they dive deep into what really sets successful painting contractors apart from the rest, and it's not just talent or tools.
With his decades of experience and bird’s-eye view of the industry, Andrew shares powerful insights on how curiosity, coachability, and mindset play a...
Duration: 00:36:21From Recession to $2M: How Email Marketing Transformed a Painting Business
Apr 18, 2025Send us a text
Mike Beaulieu shares his journey from starting a painting business during the 2008 recession to selling his $2 million company, crediting his success to email marketing strategies that maintained 40-50% open rates and consistently reactivated past customers.
• Started painting business in 2008 during recession, sold it after growing to over $2 million in annual revenue
• Realized clients forget painting contractors among numerous service providers they hire
• Shifted from discount-oriented emails to valuable content about design trends and color forecasts
• Achieved consistent 40-50% email open rates with click rates between 1-5%
• Spent only 1-1.5...
Commercial Painting: Financial Survival Guide
Apr 14, 2025Send us a text
Daniel, a CPA who works exclusively with painting businesses, and Richard Dunton, an enrolled agent, discuss the financial considerations for commercial painting as a way to smooth out seasonal dips in business. They explore the differences between direct B2B commercial relationships versus working under a general contractor, highlighting the challenges and opportunities of each approach.
• Two types of commercial painting: direct B2B relationships and working under general contractors
• Cash flow challenges in commercial painting compared to residential work
• The importance of managing accounts receivable and following up on pay...
Business and Personal: Why Separation Matters
Apr 04, 2025Send us a text
Proper separation between business and personal finances is critical for protecting your painting business, minimizing tax liabilities, and ensuring legal protection through your LLC or corporation.
• Five key reasons to avoid co-mingling finances: legal protection, reduced audit risk, maximizing deductions, maintaining loan eligibility, and proper owner compensation
• Mixing personal and business finances breaks down your "corporate veil," potentially exposing personal assets to business lawsuits
• The IRS views co-mingled finances as red flags that increase audit probability and scrutiny of all deductions
• Paying for business expenses with personal funds can resu...
Multiple Entities, Multiple Benefits
Mar 28, 2025Send us a text
In this episode, we speak about the challenges and opportunities in the industry. We explore strategies for scaling a painting business, improving profitability, and avoiding common pitfalls that many entrepreneurs face.
This conversation covers essential topics such as pricing services effectively, streamlining operations, and leveraging marketing to attract high-value clients. Richard Dunton shares insights on how to manage cash flow, build a strong team, and create a business model that sustains long-term success.
This episode is ideal for painting business owners, contractors, and entrepreneurs looking for practical advice on gro...
Duration: 00:23:36Streamline Your Painting Business with Virtual Assistants
Mar 21, 2025Send us a text
This episode focuses on the critical role of hiring back office support to enhance productivity in painting businesses. We discuss how a virtual assistant can help alleviate overwhelm and improve service delivery.
• Importance of hiring back office support
• Common bottlenecks faced by painting business owners
• Differences between hiring freelancers and BPOs
• Steps to find the right virtual assistant
• Cost considerations for hiring
• Emphasizing the value of delegation for business growth
If you’re looking for staffing solutions, reach out to info@telehelping.com for personalized assista...
Scaling Your Painting Business: The Power of a Back Office Admin
Mar 19, 2025Send us a text
Duration: 00:26:04How to Tackle Unfiled Tax Returns from Previous Years
Mar 14, 2025Send us a text
Uncover the keys to navigating IRS tax issues for painting business owners with expert insights from Richard Dunton, a seasoned Enrolled Agent. Learn how understanding and tackling your tax obligations can alleviate the stress of dealing with IRS scrutiny. In our conversation, Richard explains what it means to be an Enrolled Agent and the role they play in representing and advocating for taxpayers. We explore the mental burdens of overdue filings and tax debts, and how taking a proactive stance can safeguard your business from potential pitfalls.
Facing unfiled tax returns...
The Admin Advantage: Unlocking Growth in Your Painting Business
Mar 12, 2025Send us a text
Cody Hall shares invaluable strategies for painting business owners struggling with administrative bottlenecks, explaining how hiring a virtual assistant can dramatically improve operations and revenue potential for businesses in the $350K-$1M range.
• Virtual administrative support helps painting business owners stop wearing all the hats
• Missing just 10 phone calls monthly could cost a painting business $25,000 in lost revenue
• Phone answering services often cost the same as dedicated virtual staff but provide less value
• Virtual assistants typically cost $1,500-$2,000/month through reputable BPOs
• Hiring freelancers directly through platforms like Fiverr...
Good, Better, Best Tax Strategies for Painters
Mar 07, 2025Send us a text
Unlock the secrets to smarter tax planning with insights from Daniel, founder of Bookkeeping for Painters, and Richard, our advising director. Understanding tax strategies might just be your ticket to financial growth. Discover how tax deferral isn't just about postponing payments—it's a pathway to reinvestment and future financial success. From income deferral and expense acceleration to maximizing retirement plans and using 1031 exchanges in real estate, we break down how these strategies harness the time value of money to boost your financial potential.
But that's not all! Explore innovative tax reduction ta...
Revolutionizing Painting Businesses with Video Technology: Streamline Operations and Boost Customer Satisfaction
Feb 28, 2025Send us a text
Can video technology transform an entire industry? Join us as we explore this intriguing possibility with James Hatfield, the visionary Chief Revenue Officer at LiveSwitch. With his unique blend of entrepreneurial experience in both painting and tech, James shares his innovative journey from handling paintbrushes to tech solutions. Uncover how video technology is not only streamlining operations but also redefining customer interactions by enabling virtual estimates that save time and boost satisfaction. James reveals the competitive edge businesses can gain by embracing immediacy and convenience, meeting the modern consumer's expectations.
In...
Boosting Painting Business Profits with Strategic Vision and Goals
Feb 21, 2025Send us a text
Step into the world of strategic growth and propel your painting business into a prosperous future! Join Daniel Honan, CPA and Richard Dunton, EA as we promise to unlock the secrets of transforming aspirations into attainable realities through the art of SMART goal setting. Explore how visionaries like Jeff Bezos turned mere wishes into global empires, and learn to craft a roadmap that guides you from today’s dreams to tomorrow’s triumphs. We'll discuss how to harness the power of SMART criteria—specific, measurable, attainable, relevant, and timely—to align your annual targets...
Duration: 00:31:08Transform Leads into Loyal Customers: Expert Facebook Ad Strategies for Painting Businesses
Feb 14, 2025Send us a text
Unlock the secrets of turning potential leads into loyal customers as we sit down with Caleb Plitos, founder of Taurify, a marketing agency specializing in the painting industry. Caleb's journey from accounting to marketing is a testament to the power of following one's passion for content creation and storytelling. Discover how his pioneering work in the realm of lead generation, especially through platforms like YouTube and Facebook, has carved out a niche for Taurify, making it a powerhouse in marketing for painting businesses.
Our conversation delves into the intricacies of lead...
Maximize Your Tax Savings: Unlocking Home Office Deductions for Painting Business Owners
Feb 07, 2025Send us a text
Unlock the secrets to maximizing your tax savings with expert insights from Daniel, the founder of Bookkeeping for Painters, and Richard, the advising director. Discover how the home office deduction can transform your business finances, whether you're an entrepreneur running a painting company or managing a side hustle. This episode promises to arm you with practical strategies to leverage IRS home office definitions, ensuring that every square foot of your dedicated workspace contributes to lowering your tax bill. From the simplified method to corporate complexities, we cover it all, helping you claim a...
Duration: 00:20:013 Common Bottlenecks & How To Unlock Explosive Business Growth and Profitability
Jan 31, 2025Send us a text
Unlock the secrets to scaling your business by mastering the art of constraint management. Join us as Bookkeeping for Painters' founder, Daniel, and advising director, Richard, reveal how pinpointing bottlenecks and prioritizing resources can propel your business to new heights. Drawing inspiration from the likes of Elon Musk and Jeff Bezos, we uncover how focusing on high-ROI tasks can transform your growth trajectory. Through an enlightening case study of a painting business owner, discover how addressing a single bottleneck—like a low appointment set rate—can slash marketing costs and significantly boost profitability.
...
From Leads to Success in the Painting Market
Jan 24, 2025Send us a text
Unlock the secrets to transforming your painting business with insights from Julien Laplante, the founder of Home Run Marketing. Julien takes us on a journey through his personal connection to the painting industry, inspired by his father's career as a painting contractor. His expertise shines as he shares tailored marketing strategies specifically for painting contractors, pointing out common pitfalls like underestimating the investment scale needed for success. Discover why scalable marketing efforts and substantial lead generation are crucial to hitting significant revenue targets and learn practical entry points such as door-to-door methods and...
Duration: 00:31:49Preparing for Tax Changes Ahead with New Administration
Jan 17, 2025Send us a text
Unlock the secrets of navigating 2025's tax landscape with Daniel, the innovative mind behind Bookkeeping for Painters, and Richard, our insightful advising director. As we transition into a new year filled with legislative shifts, get ready to understand the ramifications of the court's back-and-forth decisions on the Corporate Transparency Act and the intriguing fate of Beneficial Ownership Information Reports. With a possible change in administration, Richard and Daniel offer their expert predictions on how these developments could shape the future of both businesses and individuals.
Anticipate the expiration of the Tax...
Avoid Common Bookkeeping Mistakes for a Smoother Tax Season
Jan 10, 2025Send us a text
Prepare to revolutionize your approach to tax season bookkeeping with insights that promise to transform chaos into order. What if the demise of a major bookkeeping service like Bench could actually be your golden opportunity to get ahead? You'll discover the secret weapons top businesses are using to stay tax-ready all year round, maximizing deductions and minimizing stress. Our conversation uncovers efficient modern tools like QuickBooks Online and Dext, replacing outdated methods and providing seamless organization. With the IRS ramping up its audit capabilities, proper bookkeeping isn't just a good idea—it's essential fo...
Duration: 00:25:40Strategic Budgeting for Painting Businesses: Achieve Your Revenue Goal
Jan 03, 2025Send us a text
Unlock the secrets of strategic budgeting for your business's growth as we sit down with Daniel, the visionary founder of Bookkeeping for Painters, and Richard, the insightful advising director. Set your sights on a prosperous 2025 with actionable strategies tailored for painting businesses, like setting and surpassing revenue goals using a $2 million target as our benchmark. Discover how to craft a robust sales budget, calculate the required number of jobs, and estimate your marketing expenses with precision, all while keeping your focus on key metrics like average job size and lead conversion rates.
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Revolutionize Your Contracting Business: Harnessing Success Mindset with Tom Reber
Dec 27, 2024Send us a text
What if a simple shift in mindset could revolutionize your contracting business? Join us for an enlightening conversation with Tom Reber, the influential mind behind the Contractor Fight, as he shares his groundbreaking approach to overcoming self-limiting beliefs and harnessing the power of T-BAR—thoughts, beliefs, actions, and results— to drive your business forward. Drawing from his personal journey, Tom reveals how adopting a success-oriented mindset can not only elevate your business but also transform your personal life, offering actionable strategies to boost confidence and productivity.
Discover the remarkable story of a pa...
Optimizing Sales and Streamlining CRM for Home Service Success with Jason Kramer
Dec 20, 2024Send us a text
Unlock the secrets to optimizing your sales process like never before with Jason Kramer, founder and CEO of Cultivize. Discover how to effectively manage your leads and avoid those dreaded pipeline leaks that can hinder your business's growth, especially in the home services and painting industries. This episode promises to arm you with invaluable insights into lead qualification and systematic follow-ups, with a focus on automating client nurturing and navigating the challenges of high-value jobs with longer buying cycles. Through Jason's extensive experience across industries like roofing and pool construction, you'll learn how...
Duration: 00:31:17Maximize Your Tax Savings: Cost Segregation Strategies for Real Estate Investors
Dec 13, 2024Send us a text
Unlock the secrets of boosting your tax savings as a real estate investor with this insightful episode. Daniel, the founder of Bookkeeping for Painters, and Richard, the advising director, take you on a comprehensive journey through the world of cost segregation. Discover how this powerful strategy can accelerate depreciation and create valuable tax deductions, but be wary of the passive loss limitations that may restrict these benefits. By understanding how to qualify as a real estate professional, you might just find the key to maximizing your tax savings as the year-end draws near.<...
Duration: 00:17:20Avoid Hefty Fines: Essential Guide to FinCEN BOI Report Compliance for Your Business
Dec 06, 2024Send us a text
What if non-compliance could cost your business more than just money? Daniel, founder of Bookkeeping for Painters, and Richard, the advising director, tackle the critical necessity of filing your FinCEN Beneficial Ownership Information (BOI) Reports before the looming deadline of December 31st, 2024. With the specter of $591 daily penalties and even potential jail time, this episode isn't just a casual chat—it's a vital public service announcement for all LLCs and corporations. Learn how to sidestep these pitfalls with practical guidance on the straightforward filing process, easily accessible on the FinCEN website. We shed li...
Duration: 00:16:06Mastering Sales Success: Building Genuine Client Relationships with Allan Langer
Nov 29, 2024Send us a text
Unlock the secrets of successful sales with insights from Allan Langer, a master in the field with over 27 years of experience. Discover how to harness the power of emotional engagement to close deals right at the first meeting, without resorting to pushy tactics. Allan shares his proven methods to transform a simple quote into a comprehensive offer that stands out, helping you build genuine rapport and enhance your sales success in the painting industry.
Get ready to rethink pricing strategies with Allan's advice on "price preparation" and using anchor pricing effectively...
Privacy Protection Strategies for Growing Your Painting Business
Nov 22, 2024Send us a text
Ever wondered if your personal information is just a few clicks away from anyone, anywhere? Discover eye-opening strategies to protect your privacy as your business and wealth grow, starting with a hilarious tale about a Mexican tour operator who astonishingly tracked down a customer across borders. This entertaining story sets the stage for our exploration of digital privacy in today's world. Learn practical tips, such as using post office boxes or commercial mail receiving agencies like iPostal One and the UPS Store, to keep your personal and business lives distinct, avoiding awkward encounters...
Duration: 00:14:34Year-End Tax Strategies: Navigate the "12 Tax Strategies of Taxmas" for Optimal Savings
Nov 15, 2024Send us a text
Unlock the secrets to effective year-end tax planning with insights from Daniel, the founder of Bookkeeping for Painters, and Richard, the advising director. As the holiday season approaches, we bring you the "12 Tax Strategies of Taxmas" to ensure you're not leaving money on the table for your 2024 taxes. From guiding new businesses out of startup mode to strategically establishing or dissolving LLCs by January 1st, we cover it all. Learn the benefits of retroactive S-corp elections and the importance of maintaining proper payroll for S-corp owners. Our discussion focuses on proactive steps to...
Duration: 00:20:34Compensation Strategies to Elevate Your Painting Business
Nov 08, 2024Send us a text
Unlock the secrets to building a successful painting business with insights straight from Daniel, a CPA who has dedicated his career to taking painting companies from the ground floor to multimillion-dollar success. Discover the art of compensating your team effectively, inspired by the teachings of Brad Jacobs' "How to Make a Few Billion Dollars." Daniel breaks down how to classify your team members as A, B, or C players using a unique emotional litmus test. Learn why it's crucial to surround yourself with A players, following the wisdom of industry legends like Steve...
Duration: 00:12:17Reduce Marketing Costs by Improving Sales Process
Nov 06, 2024Send us a text
Unlock the secrets to revolutionizing your painting business's marketing strategy without the need for additional spending. Join me, Daniel, a seasoned CPA with a knack for transforming financial strategies, as we dissect how to enhance marketing efficiency through the lens of crucial sales metrics like set rate, show rate, and close rate. This episode promises to arm you with actionable insights that can shift your marketing paradigm, maintaining customer acquisition costs at an ideal one-third of your gross profit. Discover a compelling case study of a painting business owner who streamlined lead follow-up...
Duration: 00:13:11Reasonable Officer Compensation for S Corp Painting Businesses Rereleased
Nov 01, 2024Send us a text
We're thrilled to share one of our most popular episodes, "Reasonable Officer Compensation for S-Corp Painting Businesses," due to its enduring relevance. Hosts Daniel and Richard delve into the intricate yet vital topic of determining a justifiable officer salary in an S Corporation (S-Corp) running a painting business. This encore presentation explores the delicate balance between setting an appropriate officer's salary and managing owner distributions from the S-Corp—a subject that continues to resonate with many of our listeners.
Daniel & Richard from Bookkeeping for Painters revisit a crucial topic: determining fair of...
Financial Habits: Maximizing Profits in Your Painting Business
Oct 30, 2024Send us a text
Unlock the secrets to skyrocketing your painting business's profitability with insights gleaned from over 300 successful painting enterprises. When you tune in, you'll discover how understanding your financial metrics—like gross profit and customer acquisition costs—can propel your business into the top 20% of profitability. Hear real-world stories of businesses that transformed their revenue streams with just a few strategic adjustments and learn how to apply these techniques to achieve financial success.
We also break down the art of profit maximization with actionable strategies on pricing and efficiency. From calculating fully loaded labo...
Navigating Equity and Partnerships for Capital
Oct 25, 2024Send us a text
Can capital truly be the game-changer your painting business needs to scale up? Join us as we explore the intricate world of raising funds, guided by lessons from iconic entrepreneurs like Phil Knight and Sam Walton. We kick off with personal celebrations—a new baby and a 10-year anniversary—before diving into critical funding strategies. We scrutinize equity partnerships, the pros and cons of bringing in active business partners, and the straightforward, no-fuss route of bona fide lenders. Buckle up for an engaging discussion that will leave you better equipped to navigate the fina...
Duration: 00:19:35Phases of Contractor Growth: Essential Strategies for Expanding Your Painting Business with Danny Kerr
Oct 23, 2024Send us a text
Discover the secrets to navigating the dynamic world of contracting with insights from industry expert Danny Kerr. This episode promises to unravel the journey of contractors, especially within the painting business, as they progress through four distinct growth phases. From startup challenges to strategic leadership, Danny shares invaluable advice on building a strong brand, identifying ideal customers, and the critical role job costing plays in evaluating profitability. Whether you're just starting out or on the brink of expansion, there's something here for every contractor looking to grow their business.
As contractors...
Year-End Tax Tips: Proven Strategies for Painting Business Owners
Oct 18, 2024Send us a text
Unlock powerful year-end tax-saving strategies tailored just for painting businesses! Gain insider knowledge on how to minimize your tax liabilities before December 31st by mastering expense acceleration and income deferment. Learn to make savvy financial moves like strategic purchases and payment delays that not only optimize your tax outcomes but also ensure cash flow stability. This episode is packed with actionable insights that will empower you to make the most financially sound decisions and avoid unnecessary expenditures.
Navigate the complexities of tax considerations when purchasing vehicles with ease as we dissect...
Maximize Your Advertising Budget for Optimal Client Growth in Painting with Matt Thibeau
Oct 16, 2024Send us a text
Curious about how to take your painting business to the next level? Join us as we chat with Matt Thibeau, founder of Savant Marketing Agency, who transitioned from a background in home renovations to becoming a marketing maven for the construction and painting sectors. Matt dives deep into the transformative power of a well-constructed marketing funnel, offering insights on how painters can attract high-quality clients and convert them into loyal customers, all while maintaining control over their client base and reputation.
Ever wondered whether Facebook or Google ads are more effective f...
Unlocking IRS Relief: Essential Tax Strategies After Hurricane Helene & Other Disasters
Oct 11, 2024Send us a text
Could your tax obligations be eased in the wake of a natural disaster? Join Daniel, the founder of Bookkeeping for Painters, and Richard, our tax director, as we unpack the critical IRS relief available for those affected by the devastation of Hurricane Helene. We illuminate the pivotal ways the IRS provides a safety net by extending tax filing and payment deadlines for individuals and businesses within federally declared disaster areas, such as Tampa Bay and Asheville. Even if you were spared direct damage, your presence in these zones might still qualify you for...
Duration: 00:15:02Financial Mastery for Painters: Strategies for Success with Nick Slavik
Oct 09, 2024Send us a text
Unlock the secrets to financially thriving in the painting business with Nick Slavik, a veteran with over three decades of expertise. Join Daniel, the founder of Bookkeeping for Painters, as they sit down with Nick to decode crucial financial metrics that can transform your painting business. Nick shares invaluable insights on identifying business issues through job costing, addressing challenges like labor inefficiencies, and perfecting pricing strategies. Discover essential benchmarks such as keeping materials at 15% of revenue, labor at 40%, and securing a gross profit of 45%, while understanding why focusing on production rate can be...
Duration: 00:39:18Mastering Debt for Business Growth and Financial Success
Oct 04, 2024Send us a text
Is your debt holding your painting business back? Join Daniel Honan, CPA and founder of Bookkeeping for Painters, and Richard Dunton, EA, BFP’s tax director, as they unravel the mystery between good and bad debt. They’ll help you understand how strategic debt management can either propel your business to new heights or drag it down. With insights that range from national fiscal policies to personal finance tips, this episode offers a comprehensive guide to mastering debt for financial success.
We break down actionable strategies to tame and eliminate bad debt...
Duration: 00:22:59Transforming Your Painting Business Through GP to CAC Ratio Mastery with Mike Gore-Hickman
Oct 02, 2024Send us a text
Can understanding one key financial ratio transform your painting business? Join us as we chat with Mike Gore-Hickman, the founder of Painter Growth, to uncover the secrets of mastering the GP to CAC ratio (Gross Profit to Customer Acquisition Cost) and why it's crucial for scaling your business. Inspired by insights from Alex Hormozi, we'll dissect what goes into gross profit and customer acquisition costs, providing you with actionable steps to calculate and optimize this essential metric for long-term profitability.
Knowing how to price your services correctly can make or break...
Secrets to Higher Gross Margins in the Painting Industry
Sep 27, 2024Send us a text
What if your painting business could hit a gross profit margin of over 50%? Join us on this episode of the Profitable Painter Podcast as Daniel Honan, CPA, and founder of Bookkeeping for Painters, along with Richard Dunton, EA, our expert tax director, share critical strategies to elevate your painting business's profitability. We'll tackle the common pitfalls of inaccurate production rate estimating and ineffective project markups, offering you practical tips and examples to boost your bottom line. Tune in to learn how to leverage production rates to your advantage and ensure your business thrives.<...
Duration: 00:28:26Harnessing Real Estate Investment to Secure Your Financial Future with Nic DeAngelo
Sep 25, 2024Send us a text
Are you ready to transform your financial future? Learn why real estate may be the key to growing your wealth as Nic DeAngelo, CEO and founder of Saint Investment Group, shares his expert insights. Discover the tangible benefits of real estate investments, from cash flow through rents to potential appreciation in value, and understand why this asset class can serve as a robust hedge against inflation.
Join us as Nic dives deep into the advantages of real estate over volatile markets like stocks and bonds, especially in today's economic climate. He b...
Unlocking Hidden Tax Strategies: Save Big on Your Painting Business's Tax Bill
Sep 20, 2024Send us a text
Ever wondered how to keep more of your hard-earned money from the taxman? In this episode, we reveal game-changing tax strategies that can help professional painters and other business owners slash their tax bills and boost their savings. From understanding government incentives to restructuring your business, we provide you with actionable insights that have already saved our clients thousands. Richard and I delve into the importance of tax planning as a year-round activity and show you how to leverage tax-favored savings accounts like IRAs and 401ks for more than just retirement.
...
Effective Strategies for Hiring and Team Building in Painting Business with Amer from Contracting.com
Sep 18, 2024Send us a text
What if you could transition from a mundane bank job to thriving as a sales manager in the painting industry? Join us as we unravel the inspiring journey of Amer, who did just that, guided by the mentorship of Michael Holly. Amer shares the invaluable lessons he learned, from the critical importance of integrity and keeping promises to the nuances of managing expectations. Listen in to discover how Michael's mentorship led Amer to join a franchise, resulting in phenomenal success in his first year, despite starting with no initial connections or reputation.
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Mastering Cash Flow: Proven Tactics for Painting Industry Success
Sep 13, 2024Send us a text
Can you confidently say your painting business thrives year-round, or do the quieter months leave you scrambling for cash? Discover the vital strategies for mastering cash flow management as we unpack the crucial difference between cash flow and profit, using Amazon's early strategic decisions as a powerful case study. We'll guide you through effective tactics like securing upfront payments from customers and strategically delaying vendor payments, while emphasizing the importance of charging what your services are truly worth. Learn why aiming for a 100% markup on labor and materials is essential for maintaining a 50...
Duration: 00:24:35Unlocking Business Growth Through Effective Delegation with Nicole Rivera
Sep 11, 2024Send us a text
Have you ever wondered how much more you could achieve if you just let go? Discover the secrets to effective delegation with Nicole Rivera, Director of People and Culture at Jill's Office, on this episode of the Profitable Painter Podcast. Nicole shares her incredible journey from juggling every task in her retail business to mastering the art of delegation at Jill's Office and her very own cleaning service, Lavender Lush. Through personal stories and practical insights, Nicole exposes the common traps business owners fall into when they resist delegating and reveals how entrusting...
Duration: 00:31:10Applying Warren Buffett's Wisdom for Financial Excellence in Your Painting Business
Sep 06, 2024Send us a text
Ever wondered how the financial wisdom of Warren Buffett could transform your painting business? This episode of the Profitable Painter Podcast promises to unlock the secrets of Buffett’s timeless principles and show you how to apply them to your financial strategies. We start by examining the importance of financial statements and the key metrics Buffett uses to evaluate companies, with a special focus on maintaining a gross profit margin over 40%. Discover why simplicity and sticking to what you know can be game-changers for understanding and improving your business's financial health.
In...
Navigating HR Pitfalls & Elevating Team Performance in Residential Services with Ian Schotanus
Sep 04, 2024Send us a text
Discover how to safeguard your residential service business from common HR pitfalls and elevate your team’s performance. This week, we're joined by Ian Skotanis, a US Navy veteran and HR expert, who shares his unique journey into consulting and the specific challenges faced by companies sending employees into customers' homes. Ian’s deep dive into advanced vehicle policies, damage control, and proper compensation and timekeeping practices offers invaluable guidance for avoiding industry-specific risks and liabilities.
Effective communication and compliance are crucial in service-based businesses, but they’re often easier said than d...
Mastering Gross Profit to Customer Acquisition Ratio for Painting Business Success
Aug 30, 2024Send us a text
How do you ensure your painting business thrives financially? Discover the key to profitability by mastering the gross profit to customer acquisition cost ratio in this insightful episode. We'll break down complex financial concepts with practical examples, like how a $10,000 project can guide you toward achieving a minimum three-to-one ratio. By understanding this crucial metric, you'll be equipped to predict and enhance your business's financial health, ensuring long-term sustainability and success.
We'll also unlock strategies to boost your profit margins and streamline your operations. Learn how to scrutinize your marketing expenses...
Leveraging AI Voice Technology with Charlie Felker
Aug 28, 2024Send us a text
Discover how AI voice technology is transforming the home service industry with Charlie Felker, co-founder of Free to Grow. Ever wondered how a business can lose half its clients only to bounce back stronger with the help of AI? Charlie shares his compelling story, detailing the challenging yet rewarding transition from traditional human-based customer service to an innovative AI voice tool. Learn how this technology is revolutionizing customer interactions, particularly during off-hours, and why it's becoming a game-changer in the painting industry and beyond.
In this episode, we unpack the practical...
Maximizing Business Value: Insights from Alex and Leila Hormozi for Painting Entrepreneurs
Aug 23, 2024Send us a text
Transform your painting business into an irresistible asset with our latest episode! Join us as we unpack the invaluable lessons Daniel gleaned from a workshop with business scaling experts Alex and Leila Hormozi. Discover the strategies that investment bankers use to value companies, and find out how these can be applied to make your painting business more attractive to buyers and investors. Through real-life examples and actionable insights, we promise you'll walk away with a clear understanding of how to increase your business's worth, just like sprucing up a house before a sale.<...
Duration: 00:31:06Effective Website Strategies Featuring Ezra McCarthy
Aug 21, 2024Send us a text
What if a simple website could dramatically elevate your painting business? Join us on the Profitable Painter Podcast as we sit down with web design expert Ezra McCarthy, who shares his transformation from struggling painter to successful web designer. Ezra reveals why establishing an online presence from the get-go is non-negotiable, especially as digital reviews and referrals take the place of traditional word-of-mouth. Learn how a professional website can build credibility and showcase authentic customer testimonials, helping you stand out in a crowded market.
Discover the power of the "purple cow"...
Turning Dreams into Goals: Designing a Business Plan That Works for You
Aug 16, 2024Send us a text
Ever dreamt of living on a cruise ship like a globetrotting software engineer? Learn how to turn your wildest dreams into reality with a 10-year business plan that aligns with your personal aspirations. In this episode of the Profitable Painter Podcast, Richard and I, Daniel, share a fascinating story from my recent Caribbean cruise that sparks an engaging conversation about setting clear, actionable goals for both your business and personal life.
We dive into biographies of successful founders and uncover the common thread of maintaining a strong, clear vision. Discover practical t...
Recruiting, Vetting & Retaining Elite Subcontractors in the Painting Industry with Dimitri Ivanchuk
Aug 14, 2024Send us a text
Ever wondered how the professionals find and keep the best subcontractors in the business? Join us for an exclusive conversation with Dimitri Ivanchuk, founder of HeyPros and Homze, as he shares his secret strategies for recruiting and retaining top-tier subcontractors in the painting industry. Dimitri’s extensive experience of vetting hundreds of subcontractors provides a treasure trove of insights, from the most effective manual methods like visiting supplier parking lots to building lasting relationships with store reps.
Discover the nuances of efficient subcontractor vetting processes that Dimitri employs to ensure only th...
Turning Pet Care Costs into Tax Advantages for Painting Contractors
Aug 09, 2024Send us a text
Can your pet save you money come tax time? Join us on the Profitable Painter Podcast as we uncover the surprising ways your furry friends can help you with your taxes. This episode offers a fun and enlightening exploration of the financial aspects of pet care, focusing on potential tax deductions. With the average US household spending $770 annually on pets, we spotlight five possible tax write-offs, kicking things off with medical expenses for service animals as per current IRS guidelines. Packed with heartwarming stories and practical advice, this chapter guides pet owners on...
Duration: 00:23:51Unlocking Facebook's Potential for Organic Growth in Your Painting Business with Katie Simons
Aug 07, 2024Send us a text
Unlock the secrets to growing your painting business organically on Facebook with success coach and business strategist Katie Simons. Explore powerful, actionable strategies to generate leads without spending a dime on ads. From leveraging personal profiles and business pages to creating engaging reels and stories, Katie shares her expert insights on crafting content that resonates and builds trust within your community. Learn the art of balancing business and personal posts to avoid sounding too salesy and discover why Facebook's algorithm heavily favors video content.
Dive into the mechanics of Facebook's algorithm...
Financial Mastery for Painting Contractors: Insights from Bezos, Jobs, and Munger
Aug 02, 2024Send us a text
Ever wondered how industry titans like Jeff Bezos and Steve Jobs managed their finances to drive unparalleled success? Tune in to discover the secrets behind their strategies and how you can apply them to your painting business. We kick things off with a light-hearted chat about our upcoming vacations before diving into essential financial tips, such as managing cash flow effectively by taking customer deposits and negotiating favorable terms with suppliers like Sherwin-Williams and Benjamin Moore. Learn practical strategies for using business credit cards to extend interest-free periods and prioritize cash spending to...
Duration: 00:34:51Legal Strategies to Safeguard Your Painting Business with Scott Reib
Jul 31, 2024Send us a text
What if you could protect your painting business from legal disasters while ensuring smooth operations? Join us as we welcome Scott Reib, America's legal coach, who reveals how proactive legal support can shift your business from crisis management to a well-oiled machine. Scott shares invaluable insights on building a strong legal foundation, using real-life examples to illustrate the costly repercussions of neglecting legal advice. Understand why treating legal services like a primary care model, rather than an emergency room, can save your business from recurring problems and catastrophic failures.
This episode...
Biography Edition: Edwin Land's Visionary Journey from Polaroid to Modern Innovation
Jul 29, 2024Send us a text
Ever wondered how one man's vision could revolutionize an entire industry? Join us in this episode as we explore the remarkable life of Edwin Land, the genius behind Polaroid, and learn how his relentless focus and innovative spirit transformed optics and photography. We'll uncover his early fascination with optical science, inspired by Robert Wood's "Physical Optics," and how it led to the creation of groundbreaking inventions like polarized light filters, which are now a staple in modern sunglasses. Land's unwavering belief in the power of optimism and intellectual property protection also played a pivotal... Duration: 00:33:56Maximizing Benefits: Adding Your Spouse to Payroll & 401k Contributions
Jul 26, 2024Send us a text
Do you know the right reasons to put your spouse on your company's payroll? Discover the pros and cons as we break down common misconceptions and highlight the crucial factors you need to consider. From recognizing the invaluable contributions of spouses in family-owned businesses to understanding the tax implications of filing a joint tax return, this episode sheds light on both poor and valid reasons for adding your spouse to the payroll. We'll clear up any confusion surrounding Social Security benefits and set the stage for a comprehensive discussion on proper compensation methods...
Duration: 00:25:10Mastering EOS Implementation for Sustained Business Growth
Jul 24, 2024Send us a text
What if you could transform your small business through a single book? Tune into the Profitable Painter Podcast where Beth Fahey, a versatile entrepreneur, shares her transformative journey that began in the film industry, shifted to owning a bakery, and led her to becoming a full-time EOS (Entrepreneurial Operating System) implementer. Beth reveals how discovering the book "Traction" revolutionized her business and life, enabling her bakery to flourish while streamlining processes and eliminating common entrepreneurial headaches. You'll learn how the EOS framework can provide practical, actionable steps to elevate your operations and achieve...
Duration: 00:36:47Biography Edition: James Dyson's Perseverance and Revolutionary Innovation in the Vacuum Industry
Jul 22, 2024Send us a text
What if you had the resilience to face 5,127 failures before achieving groundbreaking success? Join us as we unravel the story of James Dyson, the visionary behind the Dyson vacuum cleaner and founder of Dyson Ltd. We kick off by delving into Dyson's early life and education, where the tragic loss of his father and a passion for running cultivated the resilience that would become a cornerstone of his career. Dyson's unique path, blending creativity with technology despite lacking formal engineering training, reveals how he drew inspiration from icons like Steve Jobs and Edwin...
Duration: 00:24:53