Guest Posts
The New Normal? Part 2 – VIDEO 20 Minutes Episode 080820 – Jeff Cowan
How Shop Owners Can Know How Long to Keep Tax Information
We’ve talked about how important accurate and timely financial records are, but these are also critical if you ever get audited or sued. These financial records are also an IRS requirement. Let’s take a look at which records you’re required to keep, how long you should keep them and to make sure you don’t loose…
PODCAST: Improve Your Leadership Influence: Join Toastmasters
Ever want to grow your self-confidence, your ability to speak to a small meeting or a larger group. Well, toastmasters is a forum to challenge yourself to not only be a better presenter but a better listener and even a stronger leader. Two aftermarket pros who are in Toastmasters Chris Cloutier, co-owner of Golden Rule…
What Is The Income Statement And How Is It Useful For Business Owners?
Last time we took a quick look at three financial reports: Balance sheet Income statement Statement of cash flows. We talked about how you should read/review each of these monthly like reading the financial GPS to your repair shop’s finances. How financially healthy is your shop? Not-so-subtle hint, if you haven’t talked to your bookkeeper…
PODCAST: Six Shops in Eleven Years: The Story Behind This Explosive Growth
I’m with Matt Lachowitzer, a 6 location shop owner. Matt had aspirations to become a lawyer, but a fork in the road led him to be a technician and now shop owner; 6 shop locations in under 11 years. That is an amazing feat but it required a lot of work, a strong culture, pure…
Three key financial reports every business should review monthly
Let’s take a look at three financial reports, balance sheet, income statement, statement of cash flows. You should read/review each of these monthly. Looking at the numbers from these three reports is a clear picture of your shop’s financial health. This is a road map to planning your future. Let’s begin with the balance sheet.…
PODCAST: Fake Reviews – [THA 181]
Fake Customer Reviews, we’ve covered reviews in the past but never have we focused on Fake reviews; the Why they Happen, What to do about them and What should a response look like. Episode Link On the panel is Lauren Anderson from eight location Victory Auto Service, Minneapolis, MN, From Mighty Auto Pro in Medina,…
PODCAST: If How Too’s Were Enough We’d All Be Rich and Skinny
With Dave Schedin [RR 555] The episode will teach you how to face your fears and understand the depth of your ego. Managing your ego and self-confidence in balance will get you the result you really need. Find out the truth behind the overconfidence and arrogance that we all try to avoid. We are all…
If You Want Keep More Money In Your Bank Account – Read This
Many small businesses use the owners personal checking account for all of their business transactions. This can cause problems when it comes time to balance the books, pay taxes, and create an bookkeeping nightmare. Piercing the Corporate Veil Another, perhaps more critical consideration is that using a personal account for business has the potential of…
PODCAST: Why We Have Loaner Cars
This episode showcases two shops that have loaner cars. The industry seems to be split on having loaners. This episode opens up a strong position and the reasons they have loaners. Episode Link My panel includes Greg Buckley, from Buckley’s Personalized Auto Care, Wilmington, DE and Tom Lambert, from Shadetree Automotive, Layton, UT Listening APP…