59 min listen
44. How to Start a $450K/Month Epoxy Flooring Business
44. How to Start a $450K/Month Epoxy Flooring Business
ratings:
Length:
44 minutes
Released:
Oct 31, 2022
Format:
Podcast episode
Description
How much money and experience do you need to start an epoxy floor coating business? Brandon Vaughn invested $45,000 to start Wise Coatings in 2021. Now, he has 8 locations bringing in a total revenue of $450,000 or more every month with 15-25% profit margins, and he’s talking to UpFlip to share how he did it. Brandon started Wise Coatings as an experiment. He wanted to see if someone could start a business without spending a single day working in the field. Instead, he focused on setting up smart systems, hiring a great team, and marketing the business to bring in more customers. So far, his experiment has proven a success, and he’s built a scalable garage floor coating company with huge revenue potential as a result. Of course, no business is perfect all the time. We’ll hear what Brandon has struggled with as he’s grown his business, what mistakes he made early on, and how he corrected those issues to get Wise Coatings back on a profitable track. He’ll share his successes, too, and how he has used his expertise with business systems to set up his garage floor epoxy business for fast growth from day one. ResourcesWise Coatings - Find out more about Brandon’s business at their websiteConquer - Financial workshops hosted by BrandonHouseCall Pro - Workflow app for home improvement businessesQuickBooks - Financial management software QuickBooks Time - Timesheet and employee time tracking softwareSortly - Inventory management appFleetio - Fleet management and maintenance software toolVonage - Business phone and communication systemIndeed - Great place to find talent for a small businessZipRecruiter - Top hiring and recruiting platform for professionalsThe E-Myth Revisited - Excellent business book by Michael E. GerberUpFlip YouTube channel - See more interviews with business ownersUpFlip Blog - Advice on how to start and grow a business
Released:
Oct 31, 2022
Format:
Podcast episode
Titles in the series (100)
$1.5M/Year Cleaning Business Owner Shares Their Growth Secrets by The UpFlip Podcast