With the seasonality of most of the painting industry, it is not surprising that many businesses feel the pinch of slow cash flow and a smaller-than-comfortable amount of cash in the bank at some point or another. This is the time when you wish you had access to more working capital or…
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Many entrepreneurs start a business because they suffer from what author Michael Gerber terms in his book, The E Myth, as ‘entrepreneurial seizures,’ meaning they’re really good at what they do and think they could run their own business better than their boss—or they want the freedom of owning their own business….
MorePAYING YOURSELF LAST IS A STRATEGY TO GET BY, NOT A STRATEGY FOR SUCCESS Many painting contractors (and other small-business owners) end up paying themselves by what’s left over at the end of the month after other expenses are paid. By paying yourself that way, you often end up with a big…
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