Becoming a million dollar painting business is quite a feat. It takes hard work, dedication, and patience. However, there are a few ideas you can implement today to speed up the process to becoming a successful million dollar painting business.
So, let’s review…
5 Things Million Dollar Business Do
1. They rethink their role
Multimillion-dollar company owners realize their job is no longer to do the work and to be the go-to person for everything. Therefore, to enable the company to grow they…
- Chart the course for their business, and
- Get things done through their managers
For example, think of it as going from one-man band to orchestra leader… or from a laborer to a general contractor. Simply put, they work ON the business instead of IN the business.
2. They create a vision to become a million dollar business
Next they envision the business – and lifestyle – they really want.
Key: They share their plan with employees and make sure to show them how they are a part of it.
For example, think of it as building your dream house. So, the more clearly you can picture it, the more you will be able to map out the steps you need to take to make it happen.
3. They use a management system to keep everyone on track
Setting up good business systems and regular meetings dramatically improved growth and profit and cut hours and stress from their work week.
Think of it as teaching a kid to ride a bike: You have to hold on tight at first, but as your team members rise to the occasion you can gradually let go.
The goal: A self-sufficient team that you trust enough to run the business without you.
4. They use performance management to increase productivity
Successful leaders implement an effective performance management system so that every decision doesn’t have to run through them.
For example, think of it like the bumpers in bumper bowling. A good performance management system makes it hard to do the wrong thing and makes it easy for people to excel. Additionally, it creates more consistent, predictable and better results.
5. They look for better ways
Successful businesspeople talk with their managers and tap their employees for ideas on how to improve efficiency and do better work. Therefore, get consistent feedback from your team in order to find more efficient ways of doing things.
Million Dollar Business: Conclusion
Million-dollar company owners have shifted their role from doing everything to truly leading their team and helping them do exceptional work. So, shift your role from laborer to leader and you will be on your way to having a million dollar painting business.
So Amigos, what are you doing to grow into a million-dollar business? Share below…
Also, check out Paint Amigo’s book recommendation on leadership below (Amazon affiliate links)…
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P.S. Download my free eBook The Profitable Painter. Click here.
