# 1 Leadership – one person can only grow a business so far. You will eventually burn out if the company relies on you for too many roles. Leadership skills allow you to train and delegate, giving you more time to grow your business.
#2 Planning – Besides leadership, you must plan your day. Planning your day keeps you focused on the big prize, not the day-to-day distractions. Following a fixed schedule of at least five hrs. per day will enable you to focus on your long-term goals constantly.
#3 Accurate Estimating System– a profitable painting company knows how long it takes to paint everything. You timed, measured, calculated, and recorded production rates for every common item and substrate. Because you know your numbers, you can accurately estimate jobs and better control your margins.
#4 Marketing Strategy – most small painting companies have a simple marketing strategy for a good reason. Becoming a digital marketing expert is a full-time job; what worked months ago may not work now. To grow a painting company into the seven figures, you will need someone at the top of their game.
Following the four tenants listed above will generate substantial profits and income. Furthermore, you will build a business without wearing all the hats!
#5 Good Labor Pool – finding good help is challenging for every business in every industry. Keeping good quality workers and releasing inconsistent workers to your competition is paramount. If you understand that finding good painters is more similar to a college football recruiting process and not an emergency plumbing service you stand a good chance of being ready for opportunities and profitable work.