Daniel HonanFounder, Profitable Painter CPA PLLC · I help painting contractors increase profits & cash flow while reducing taxes♦ Bookkeeping ♦ Tax

Painting Biz Owners: Get a tax write-off & buy-in from your team while implementing Production Rates

Name: Painting Biz Owners: Get a tax write-off & buy-in from your team while implementing Production Rates
Uploaded: 2023-10-26T16:55:11+00:00
Duration: 51 s
Channel: Daniel Honan
Description: In this brief dialogue, two speakers advise painting business owners on how to develop and implement production rates by actively involving their crew…

26 Oct 2023 · 1 min

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In this brief dialogue, two speakers advise painting business owners on how to develop and implement production rates by actively involving their crew. They recommend gathering input from the team, consolidating measurements such as square footage and dimensions, and using that collective data to create estimates, conduct testing, and perform job costing. This collaborative approach shortens site‑to‑site timing, builds employee buy‑in, and gives the crew a clear starting point. The speakers also suggest tying the rollout to an end‑of‑season company event—like an annual barbecue—so the gathering can serve as a tax‑deductible expense while reinforcing team cohesion and reinforcing the new production‑rate process.

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The more people you get in that discussion, the more helpful it'll be. You take those points, put them all together, get your square footage, get your dimensions, and start to look at that data and say, okay, this is what my team is telling me. Let's go out and do an estimate and see if this works based on what my team is telling me. So that process is going to cut down all the timing, site to site, looking at different substrates or surfaces, and really bring your team together and get them to tell you, base it off that, and you'll find more buy-in from your team. They're going to know at least a place to start and start measuring, testing, doing some job costing, and you're going to see.
Yeah, that's a great point, getting buy-in from the team. Just reflection on my own experience with running a business, when when you're trying to make change, often the hurdle is the people involved in getting them to accept the change that you're trying to implement or to get buy-in on that change. So that's a great point of allowing them to be a part of that process of developing the production rates so that they kind of understand it better maybe, and also know that they had a role in it, that they were heard. So I'm— what my mind went to, maybe the tail end of a painting season for some, if you're doing an annual kind of barbecue maybe, like, or an annual employee outing, you could take that opportunity to kind of do some of this. That would be a tax write-off.