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Why do $1M painting businesses feel broke? Daniel Honan, CPA, and Cody Hall break down where the cash goes as you grow and the painting business cash flow rules that fix it. They walk through the four stages of a painting business and why owner pay drops in the $1M–$3M stage, how to grow on your customer's money instead of debt with deposits of 50% or more where your state allows, progress payments on jobs over a week, and 30–90 day vendor terms, and the minimum bank balance Daniel gives clients: two months of overhead. They also cover what to check when the P&L says profitable but the account is near zero, and why owners past $3M should start moving wealth out of the business, including two real estate tax strategies.

Know Your Numbers & Save Big in Taxes,
Daniel Honan, CPA

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Cody runs his businesses on the cash flow rules in it.
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Prefer video? Watch this episode on YouTube

What We Discuss:
00:00 Why growing a painting business feels broke
01:50 Where the cash goes when you grow
04:15 The four stages of a painting business
09:18 Debt or your customer's money
10:10 Get paid faster, slow down what goes out
15:38 Profitable on paper, bank at zero
18:30 How much cash to keep in the bank
23:07 The $3M+ stage and real estate taxes

Profitable Painter CPA – accounting and financial strategy for painting contractors. Visit us profitablepaintercpa.com

This episode was originally recorded as a video for YouTube.

If you hear me say things like “in this video” or reference visuals, don’t worry —
the content still works perfectly in audio form.

And if you ever want to watch the video version, you can find it on the
Profitable Painter YouTube channel.

https://www.youtube.com/@BookkeepingForPainters

For being a loyal listener, I want to send you a copy of my new book Profitable Painter. Inside, I’ll show you the exact frameworks that have helped painting businesses save big on taxes, increase profits, and scale with confidence
Head over to profitablepaintercpa.com/book and grab your copy today. Don’t wait — this is my gift to you for being part of the Profitable Painter community.