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Painting Business Owners: The anxiety of not knowing how to price projects; talking with PaintScout

Name: Painting Business Owners: The anxiety of not knowing how to price projects; talking with PaintScout
Uploaded: 2023-11-01T14:27:33+00:00
Duration: 49 s
Channel: Daniel Honan
Description: In this monologue, the speaker shares personal and observed experiences of painting contractors grappling with the anxiety of pricing jobs correctly. He…

1 Nov 2023 · 1 min

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In this monologue, the speaker shares personal and observed experiences of painting contractors grappling with the anxiety of pricing jobs correctly. He recounts a friend who quoted a $25,000 job that ultimately cost $75,000 to complete, nearly destroying the business due to underestimation of time and resources. He also describes a common scenario where contractors, after visiting a site and speaking with a client, return to their vehicle overwhelmed by uncertainty about the appropriate price, fearing repeated mistakes. The speaker emphasizes how this uncertainty can erode confidence, cause emotional distress, and jeopardize the financial health of a painting business.

Chapters

being pretty young and not knowing that there was some, uh, anxiety over whether I just— I book a job, okay, great, there's that like initial excitement, like, yes, I closed it. But then you're like, okay, now we have to produce it. Did I actually price this right? A friend of mine in the paint industry, he like, he priced a job, I think it was the biggest job he ever priced, was $25,000. At the end of the day, he spent $75,000 producing it. So that like excitement at the start of being like, man, I just sold this huge job, almost destroyed his company because he didn't know really what the time was going to take to do a lead job. He'd never done one. You can run into some real problems. Another guy that I've talked to— this happens a lot, this is one guy, but they go do the estimate, they go to the house, they talk to the customer, oh, that's fine. They go back to their car to do up the estimate and they get this incredible amount of anxiety. Like, what is the price on this job? Like, what? I don't know. I don't wanna screw up again. And, you know, hearing that, that feeling, like I know that feeling all too well, that anxiety and that feeling of like, I don't know where, is this $5,000, $10,000, $15,000? I don't know. And that could really mess with my business. Like that feeling sucks.