EP57: The Pro's and Con's of Adding Commercial Work | DYB Coach
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EP57: The Pro’s and Con’s of Adding Commercial Work

SUMMARY:

In this episode of the DYB podcast, the team tackles the differences and similarities between a residential and commercial painting contractor and how to move between the two especially if one would like to expand to the other, which is usually from residential to commercial.

The team discusses the advantages and disadvantages of taking on commercial projects. They share their company processes and give valuable advice on handling new construction projects, getting paid, dealing with general contractors and other challenges involved in commercial painting jobs.

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WHAT YOU’LL LEARN:

  • The differences and similarities between a residential and commercial painting
  • Pro’s and con’s of commercial projects
  • How to add commercial painting to your business
  • Challenges involved in commercial painting and how to handle them

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LISTEN HERE:

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QUOTES:

“Residential is not always about the price, it’s about relationship and quality.”

“In the commercial world most of the time they’re not spending their own money, so they’re really just looking for the best result

“There is this misconception that, you need a better painter to do your residential than you do your commercial and I’m not sure that’s completely accurate.”

“When you’re working with a management company or a business owner, there’s no reason not to get a deposit because it’s really a similar transaction as to what you do day in and day out.”

“If it [a project] sounds too good to be true, it is too good to be true.”

“Having a credit line, I realize is a real tool for business.”

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HIGHLIGHTS:

0:55 What makes a commercial project and what are HOAs?

5:50 Product quality in commercial projects

11:20 Relationships in both the commercial and residential worlds

19:37 New construction projects, general contractors and how to get paid

29:06 Other reasons for doing commercial work

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LINKS & RESOURCES MENTIONED IN THIS EPISODE:

Join DYB

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ADDITIONAL FREE RESOURCES:

Schedule Your Free Strategy Call With Steve

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Connect with Scott Lollar on Facebook here

Connect with Ron Ramsden on Facebook here

Connect with Greg Miller on Facebook here

Connect with Steve on Facebook here

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Thank you very much for joining us today! If you received value, would you take a quick few seconds and leave us a review on iTunes, please?

About the Author

As a newly single father of two from MI, he struggled to start over as a paint contractor in FL, going door to door. His situation was so bad, even the IRS had mercy on him.

 Feeling completely hopeless, he remembered the story of King Solomon praying for wisdom. Could it be so easy? 

He felt he had absolutely nothing to lose. So, as a bankrupt, divorced, high school dropout, single father of 2 young kids, now living 1250 miles away from all friends and family, started to pray for wisdom.
 And while he continues to wait for the wisdom to arrive, what did come was an insatiable desire to learn and read books… 
Thanks to God for giving him the burning passion to read books, and attend seminars, (oh and winning the wife lottery) he not only cracks the success code and overcomes the struggle, but also streamlines his painting business in less than 3 years, published a how to book, then sold the company. Now he leads a business coaching company for painting contractors so he can help other businesses, like yours, to do the same. Hear more... http://www.DYBCoach.com/01 Or JoinDYB.com

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