Listen "How Much Should 1 Painter Earn Your Company?"
Episode Synopsis
A lot of painters have "emotional" feelings about hiring painters, but in the end it's all MATH and SYSTEMS! Don't miss our upcoming Hiring & Recruitment Bootcamp on March 5th 11AM-5PM. Reserve your seat at HiringPainters.com1. Overviewa. Common Poverty-Inducing Mythsb. Inescapable Core Principles & Systemsc. The Simple Mathematics of 1 Painter2. Common Poverty-Inducing Mythsa. Painters Are Overheadb. There is a “Right Size” for Companiesc. Get Excited About Marketing/Sales, Indifferent to Recruitment/Hiring… you can’t generate demand without capacity!d. All Emotions, No Math… MONEY is MATH3. Inescapable Core Principles & Systemsa. By Labor Wholesale, Sell It Retail By the Hourb. Production Ratesc. Charge Rates – Based on Market-Based Pay Rates & Burdend. Field Controls – Ultimate Crew Leader Packete. Office Controls – Project Management & Scheduling f. BONUS: Performance Pay or Saved Labor Bonus4. The Simple Mathematics of 1 Paintera. Client Reactivation, Retention, Sales Pre-Requisitesb. 25 + 35 = 30, 30 X 1.2 = 36 (Average Pay Rate – Subs or W2’s)c. 36 X2 = $72d. Gross Profit Contribution at 36 X 40 = $1,440e. $1,440 X 4.2 = $6,048 per month (on budget)5. 3 Key Questionsa. Do you understand the basics of the painting business?b. Are you being a penny wise and a point foolish?c. Sign up for the Hiring & Recruitment Bootcamp – HiringPainters.com, March 5th. It’s 3 payments of $499.Find us on social media!Facebook: https://www.facebook.com/TheAPPC/LinkedIn: https://www.linkedin.com/in/rbrandonlewis/