Send us Fan Mail 6 financial moves to ACTUALLY Reach $1M in Your Painting Business. Work with us https://profitablepaintercpa.com/vsl Free Book - Profitable Painter https://profitablepaintercpa.com/book If your painting business is doing between $350,000 and $1 million a year, your biggest financial challenge isn't painting profitable jobs anymore - it's growing without running out of cash, destroying your margins, or doing everything yourself. I'm Daniel Honan, CPA and former painting business owner. Since 2016, my firm Profitable Painter CPA has helped 529+ painting contractors with bookkeeping, taxes, payroll, automations, and financial strategy. In this episode, I break down the 6 moves I'd focus on to reach your first $1M. Move 1: Fix cash flow before you scale Move 2: Hire your first admin (the 2–4% rule) Move 3: Hire your first project manager (comp benchmarks & incentives) Move 4: Build a real marketing engine (agency retainers & ad spend) Move 5: Track GP-to-CAC: the most important number at this stage Move 6: Upgrade from bookkeeping to financial advisory (FP&A) WHAT YOU'LL LEARN - Why growing revenue can drain your bank account - and the payment policies that fix it - When you can afford your first admin (and the 2–4% rule) - How to structure project manager pay: the range and what to tie bonuses to - The admin + PM ≈ 7% of revenue rule for spotting overhead bloat - How much to spend on marketing agencies and ads — and the mistake that wastes both - GP-to-CAC explained: the ratio that combines sales, marketing, pricing, and production in one number, and the targets I use 🎯 Between $350K and $1M and want monthly FP&A sessions on your numbers? That's what the Profitable Painter Program does. Book a free call: https://profitablepaintercpa.com/vsl WHO I AM My name is Daniel Honan. I'm a CPA, a former painting business owner, and the founder of Profitable Painter CPA - an accounting firm that works exclusively with painting contractors. I make these podcasts to help painters keep more of what they earn and build more profitable businesses. Subscribe for weekly podcasts on taxes, bookkeeping, and financial strategy for painting businesses. Keywords: painting business, painting contractors, grow a painting business, scale a painting business, painting business cash flow, hiring an admin small business, hiring a project manager, project manager compensation, marketing for painting contractors, contractor marketing budget, GP to CAC ratio, customer acquisition cost, gross profit, painting business benchmarks, FP&A for small business, small business financial advisor, painting business profit, Profitable Painter This episode was originally recorded as a video for YouTube. If you hear me say things like “in this video” or reference visuals, don’t worry — the content still works perfectly in audio form. And if you ever want to watch the video version, you can find it on the Profitable Painter YouTube channel. https://www.youtube.com/@BookkeepingForPainters
