How Much Should 1 Painter Earn Your Company?

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.com 1. Overview a. Common Poverty-Inducing Myths b. Inescapable Core Principles & Systems c. The Simple Mathematics of 1 Painter 2. Common Poverty-Inducing Myths a. Painters Are Overhead b. There is a “Right Size” for Companies c. Get Excited About Marketing/Sales, Indifferent to Recruitment/Hiring… you can’t generate demand without capacity! d. All Emotions, No Math… MONEY is MATH 3. Inescapable Core Principles & Systems a. By Labor Wholesale, Sell It Retail By the Hour b. Production Rates c. Charge Rates – Based on Market-Based Pay Rates & Burden d. Field Controls – Ultimate Crew Leader Packet e. Office Controls – Project Management & Scheduling f. BONUS: Performance Pay or Saved Labor Bonus 4. The Simple Mathematics of 1 Painter a. Client Reactivation, Retention, Sales Pre-Requisites b. 25 + 35 = 30, 30 X 1.2 = 36 (Average Pay Rate – Subs or W2’s) c. 36 X2 = $72 d. Gross Profit Contribution at 36 X 40 = $1,440 e. $1,440 X 4.2 = $6,048 per month (on budget) 5. 3 Key Questions a. 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.