painting contractor business coach, business coach, strategic business coaching, business coaching for growth, business development, mastermind host, internet marketing mastermind alliance, mastermind online, mastermind, internet marketing mastermind, mastermind rules, mastermind network, online mastermind, mastermind coaching, ultimate mastermind, think and grow rich mastermind, masterminds book, host of mastermind, internet mastermind, mastermind meeting, mastermind program, rules for mastermind, mastermind website, a mastermind, mastermind meeting agenda, mastermind think and grow rich, mastermind company, marketing mastermind, entrepreneur mastermind, mastermind entrepreneur, internet masterminds, mastermind topics, mastermind team mastermind friends questions, mastermind agenda, mastermind conference, mastermind people, power of the mastermind, mastermind guide, mastermind ideas, global mastermind, mastermind management, apply for mastermind, mastermind program, mastermind groups online, mastermind group rules, find mastermind groups, find a mastermind group, join a mastermind group, online mastermind group, the mastermind group, creating a mastermind group, think and grow rich mastermind group, mastermind groups for entrepreneurs, entrepreneur mastermind group, join mastermind group, mastermind group think and grow rich, real estate mastermind group, mastermind networking group, mastermind group agenda, mastermind alliance group, starting a mastermind group, mastermind group resources, mastermind study group, mastermind group guidelines, virtual mastermind group, elite mastermind group, professional coaching, professional business coach, professional life coach, professional executive coaching, coach professional, professional coaching organizations, small business coaching, coaching for small business owners, coaching small business, small business coaching tools, small business coaching services, coaching companies, coach companies, executive coaching companies, life coaching companies, business coaching companies, executive coaching company, business coaching company, business plan, business consultant, marketing seminar, marketing a painting companyh, 3 questions to ask yourself before spending your hard earned profits

 

Summer has been good! Long days, profitable jobs, and you are feeling confident about the fall being booked up with work.

You’re now grilling steaks instead of hot dogs and the summer sunshine is still burning strong, at least for a few more weeks.

What’s more,

you have the nest egg…. the one that carries you through the winter and into the spring.

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Temptation sets in. You say to yourself, “It’s been a good year; I deserve to treat myself and my family for my efforts…right?  I mean, my neighbors just bought a camper and some ATV’s. Why not? I can afford it and deserve a boat!

Before you indulge your temptation, answer these few questions, for your own peace of mind:

  1. Do you have all the free time you want with your family and for activities?
  2. If you could not work for 3 months, would your business run without you?
  3. Are you debt free? If not, is there a plan to pay these off soon?

“Delayed gratification is a sweet lesson, whose teacher knows the best is not right now; it is yet to be.”

Maximillian Degenerez

Truth be told, I wanted a boat, bad! It was on my list of things to buy, until I rented one.

I was once told “A boat is a hole in the water for money.”

Yes, my family had fun that day and so did I; however, I wasn’t willing to give up my time, hard earned money, and future resources, so that boat fell off my list.

Delay purchasing that boat, ATV, and camper– at least until your business and finances can handle it.  It will be a sweeter victory!

Pay cash… It’s so much more fun!

If you have answered yes to all three questions, well done! You will most likely use cash, buy used, and know not to spend more than 10% of your nest egg.

If you answered no to the above questions, what’s the plan?

Plan your work and work your plan, someone very intelligent once said. (Jim Rohn? Brian Tracy?)

Do you want a plan to streamline your business?

How about a step by step plan to get you to the 30 Hour Work Week?

Do you desire to develop systems for your business to run more effectively, thereby creating more time for you and your family?

You’ve come to the right place!

Instead of the instant gratification of purchasing a liability (aka: the boat or other items), invest in an asset (yourself) and growing your business this winter. Instead of “getting by” as the year past, learn from someone who has been where you aim to be.

We can only teach what we’ve successfully done. Steve and April have not only increased profits, reduced hours, and sold their painting company, but are willing and able to show you exactly how you can do the same thing.

I took them up on their offer for DYB 1-1 Coaching and it was a whole lot less expensive than learning these lessons on my own.

What’s your situation? Are you making as much money as you would truly like and have time to spend with your family, take vacations, etc? Email me at Jeff@DYBCoach.com and let’s see where you are at and what your next steps should be.

For now, put the photo of the boat or whatever goal you desire on the fridge and keep investing in yourself and your business, until you can realize that dream peacefully and with cash!

Don't buy that boat!

If you would like to have a greater “nest egg” at the end of next season – double check your numbers using our labor rate calculator inside the free Estimating Bundle and make sure every job is profitable.

About the Author

As many of you know, my journey has been one of grit, grace, and transformation. At 19, I was a high school dropout, single father, and struggling paint contractor in Michigan. I later moved to Florida, where I faced both personal and professional hardships. With nothing left to lose, I turned to prayer—and was blessed with a relentless hunger to learn. I devoured books, attended seminars, and discovered better ways to streamline and grow my business—even through the Great Recession (and yes, I did hit the wife lottery along the way!). In 2014, I published How To Double Your Business and later sold the painting business, launching a new chapter: coaching others to grow their businesses. For the past 10 years, I’ve dedicated myself to helping business owners scale through the DYB System, while also drawing from frameworks like EOS, Scaling Up, and The Four Disciplines of Execution. Yet something was still missing—something more adaptive, integrated, and complete. Then I found Pinnacle. After months of research and interviews with other Guides, I joined Pinnacle. Their tools and strategies have exceeded every expectation. Now, as a Pinnacle Business Guide, I help leadership teams implement a custom-tailored operating system that draws from the best in the industry—but flexes with your unique business. It’s a dynamic, proven approach to achieve clarity, momentum, and lasting growth. I’m no longer taking on any more 1:1 coaching clients… Instead, I now specialize in working with visionary business owners who are ready to get their leadership teams aligned—around a clear vision, a focused strategy, and an actionable execution plan. With the tools and process I now have as a Pinnacle Business Guide, I help turn alignment into momentum, and momentum into results. If your business is growing—but your leadership team isn’t fully rowing in the same direction—let’s talk.