Hire a CEO for your painting business once you hit $2–3 million in annual revenue. They integrate sales, marketing, and operations, earning roughly 5% of revenue. Below $2 million, the margins won't support a six-figure salary.
if you have a larger painting business, if you're over $1.5 million, there's another role that kind of comes in, which is the role of the CEO. The CEO is basically integrating the sales, the marketing, and the operations, making sure the salespeople and the production manager are doing what they're supposed to be doing, overall in charge of the company. So this is an active role, not to be confused with the business owner. So the role of the CEO should— generally what we see is they get paid around 5% of revenue. So this role isn't really going to come into play until you're over $1.5 million. Maybe even $2 or $3 million, at least you won't be able to hire out for this role. You probably won't be able to get a very good CEO unless you're paying them six figures, which you wouldn't be able to while maintaining your margins until you hit about $2 million in revenue.
What’s REALLY Holding Your Painting Business Back? (Find Your Bottleneck in 5 Minutes)
