My Dad was an uninsured painter his whole life. He only worked when the rent was due. I'm thinking of taking the knowledge I learned under him and doing it LEGIT
Hi Eric, I see the improvement on your videos year after year and the way you teach us always gets better. I appreciate the great content. God bless you and your love ones.! 🙏
I am consciously playing these kind of videos to feed my subconscious and set myself up for success. Thank you kind amazing person❤❤ I am sending prosperity your way for this great energy you have released upon the world❤❤❤
Powerful! I just stumbled upon your channel and it has just blessed me. I plan on resigning from my job and starting my painting business in four months time. I have just paid an instructor to teach me the process of manufacturing high quality paint. Because am on full-time paid employment, my training is mostly on weekends and holidays - I know in four months time, i will be ready. I decided to check online to see what i could learn in my free-time, and boom, here is your channel. Thank you for this, i have subscribed and would be following all your teachings and resources. God bless you. Charles, Your mentee in Nigeria. 🤘
Don't quit yet. Do it smart. Get some clients booked 2+ months from your planed quit date. Pretend bussy schedule. When you have them. Book some 1 month after your quit date. And then 2 weeks from your quit date. If you have holidays book a client before you put papers for quitting. See how it goes. Only when you have the set up quit. If someone cancels try to move the clients forward saying there is a spot available...
Knew this video was for me when you gave your reasons for wanting to start the business. i’m a hardworking guy but have found trouble working under others and i’m already pretty handy . thanks for the info
I work as Environmental Services Manager on several of the 83 Longterm cares and retirement homes our company own. We just got approved for some renos, painting, etc. On most of our Sites and I can tell you that Commercial is no joke. Just for painting 25 rooms on one of our sites is about $117,000 sweet Canadian. I can do those rooms for $60K all day but I can't coz conflict of interest. Now I'm thinking to register business, get all the permits so I can start bidding to other Homes. I used to do small time home renovations and its a lot of work compared to just focusing on painting. I'd want to target commercial properties than residential. Residential clients usually haggle a lot and sometimes hard to please while Commercial Businesses just either accept your quote or pick another contractor.
In the process of opening my own business on Long Island New York. This is really great stuff. Seems like I'm on the right path. But you broke it down perfectly Thank you. 🙏💪
Dude I appreciate you so much. Of all things I've been mindlessly absorbing lately hearing you give hope i can really do something with my little paint business it does help. Cause man sometimes it gets tough..I ended up settling for such little pay and working endlessly. Just for a mediocre wage. I quit my business tho. And now I'm starting to build up slowly and hire people..have a entire new way of looking it
Hey Eric, I have a question for you brother. I live in a 90% residential market. Almost all homes here are owned by the average person. Toyotas and Nissans in their driveway. One story single home ranging around $250k- $350k. Should I stay here and try to open my business here? Or should I be looking more for the Audis, Mercedes, Land Rover, Lexus owners?
Hi Eric ! Thank you so much for your advice and knowledge. I’m watching your videos to start by my own , save some money and invest into your course !! I have a question , how do you get subcontractors painters to do the job for half of the money ? They could get the project directly with the client right?
Here was the response... No. It doesn't work that way. The subcontractors you're looking for are the subs who don't want to do that... they want to work for someone like you and JUST do the painting (not the sales, marketing)
Excellent video. I am going to start a painting business. The future economics of this business are great - Many lazy millennial/Gen Z'ers won't want to paint as a job and none of them will want to paint their own properties. Excellent time to start, even if the economy is weakening currently.
Hi Eric! How do you contact subcontract painters willing to do the job for half of the profit ? Wouldn’t they find out they could do it for the 100% of the money ? Thank you ?
No. It doesn't work that way. The subcontractors you're looking for are the subs who don't want to do that... they want to work for someone like you and JUST do the painting (not the sales, marketing)
It's just market economics. Some people will be charging even higher than that. But that's the price point that larger companies HAVE to do to afford all of their expenses and overhead. It's not uncommon at all. This pricing puts us in the ballpark with most of the other large competitors. And again, it's necessary to have those margins to build a healthy and profitable business.
@@PaintingBusinessPro thanks man. I don’t know how to paint though. I am seeing a lot job ads for helpers very close to me. Do you think I should be helper first? While working my full time job
I’m not sure what those are. In some areas you will need a license but it varies state to state… and sometimes even in different counties within a state. That info is usually pretty easy to find by searxhing
Personal taxes you just handle at year end and it’s based on total income. State taxes or sales tax depends o Your state and it goes on top and then comes right off the top
