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#paintingcontractors What's the ideal take home pay for painting business owners?

Name: #paintingcontractors What's the ideal take home pay for painting business owners?
Uploaded: 2023-09-04T14:42:33+00:00
Duration: 39 s
Channel: Daniel Honan
Description: In this segment, the presenter addresses the question of how much a painting contractor should earn from their business. He references industry benchmark…

4 Sept 2023 · 1 min

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In this segment, the presenter addresses the question of how much a painting contractor should earn from their business. He references industry benchmark data, noting that the average painting business owner extracts 15–19% of total revenue as combined profit and personal salary. He emphasizes that owners should not settle for the average but instead aim to be in the top 10–15% of earners within the painting sector, positioning higher take‑home percentages as a goal for superior financial performance.

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what is the ideal amount you should be making in your painting business? And I think a good starting point to understand this is to take a look at the benchmark data. What does the average painting business owner take home in their painting business? So the average, when we look at prior years, we have access to benchmark data for the painting industry. Taking a look at that data, the average painting business owner takes home between 15 and 19% of their revenue as profits. And salary for themselves. So that's just the average, and hopefully you're not just shooting for average. Hopefully you're shooting, you know, to be in the top 15% or top 10% of painting business owners.