Here you can see step-by-step of this picture: http://www.furaffinity.net/view/19640365/
I was curious how many time I need to finish one A4 painting so I was working with a stopwatch. This is the time that I needed for every step.
1. Sketch
2. Lineart
3. Comoring 1 - basic colours (mosty only one layer of paints)
4. Coloring 2 - from 3 to 5 layers of paint, depending of a painted thing. For white fur (including all shadows) about 4-5, for red mushrooms only 2
5. Coloring 3 - details. It's mostly work with colored pencils but also with white gel pen and black fineliner.
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character belongs to  spectronic