Forum Discussion
I am a painting contractor. We might potentially surpass $1 Million this year for the first time. We have almost done it twice. The first time the business really struggled. Learned a lot from that in 2022. Spent the last 3 years implementing everything I learned and now it seems we might finally do it. But I feel like I could do better with understanding some things to really go to the next level.
Hey Branden, do you mind sharing some of the issues you ran into in 2022? No pressure at all—just thinking those still further from this goal could watch for these.
- BrandenSewell21 days agoJobber Ambassador
Sure. Here a couple things:
- I was spending way too much on marketing and paying for leads. When the leads dried up I didn't have work/cash flow to sustain my marketing spend.
- I was over leveraged on vehicles with negativity equity. When things slowed down I was left with multiple car payments and I didn't have the work/cash flow to sustain the loan.
- I didn't understand how to manage my employees, set clear expectations, and pay them the right way. I was paying everyone a salary and that was absolutely eating away profits.
Those are three of the biggest things I made mistakes on. There is probably a lot more I could talk about but thats the basics. Hope that helps someone. I would love to help anyone who needs it to avoid the mistakes I made and tell them how I rebuilt healthier.