October 25, 2024
Season 1, Episode 121
Navigating Equity and Partnerships for Capital
Can capital truly be the game-changer your painting business needs to scale up? Join us as we explore the intricate world of raising funds, guided by lessons from iconic entrepreneurs like Phil Knight and Sam Walton. We kick off with personal celebrations—a new baby and a 10-year anniversary—before diving into critical funding strategies. We scrutinize equity partnerships, the pros and cons of bringing in active business partners, and the straightforward, no-fuss route of bona fide lenders. Buckle up for an engaging discussion that will leave you better equipped to navigate the financial landscape of your growing business.
Ready to take your painting business to the next level? This episode unpacks three distinct avenues for raising capital. Whether you're considering bringing on a hands-on business partner, opting for a lender with no strings attached, or issuing securities, we've got you covered. We'll guide you through the benefits and pitfalls of each option, emphasizing that financial investment alone won't fix underlying operational issues. We encourage you to share your experiences in our Facebook group, Grow Your Painting Business, enriching the conversation with your unique insights. Tune in to learn how to strategically optimize your business growth!
Daniel Honan
Daniel Honan is a former painting business owner and military intelligence officer with an MBA and a degree in Accounting. He's been in your shoes. Everything from cold calling for estimates, in-home consults, managing crews, to running payroll. With his accounting, intel, and painting industry experience, he's put together a back-office system to help painting contractors crush it by helping them know their numbers and what they mean, save big in taxes, and streamline and automate their processes to save time and money.
October 25, 2024
Season 1, Episode 121
Navigating Equity and Partnerships for Capital
Can capital truly be the game-changer your painting business needs to scale up? Join us as we explore the intricate world of raising funds, guided by lessons from iconic entrepreneurs like Phil Knight and Sam Walton. We kick off with personal celebrations—a new baby and a 10-year anniversary—before diving into critical funding strategies. We scrutinize equity partnerships, the pros and cons of bringing in active business partners, and the straightforward, no-fuss route of bona fide lenders. Buckle up for an engaging discussion that will leave you better equipped to navigate the financial landscape of your growing business.
Ready to take your painting business to the next level? This episode unpacks three distinct avenues for raising capital. Whether you're considering bringing on a hands-on business partner, opting for a lender with no strings attached, or issuing securities, we've got you covered. We'll guide you through the benefits and pitfalls of each option, emphasizing that financial investment alone won't fix underlying operational issues. We encourage you to share your experiences in our Facebook group, Grow Your Painting Business, enriching the conversation with your unique insights. Tune in to learn how to strategically optimize your business growth!
Daniel Honan
Daniel Honan is a former painting business owner and military intelligence officer with an MBA and a degree in Accounting. He's been in your shoes. Everything from cold calling for estimates, in-home consults, managing crews, to running payroll. With his accounting, intel, and painting industry experience, he's put together a back-office system to help painting contractors crush it by helping them know their numbers and what they mean, save big in taxes, and streamline and automate their processes to save time and money.