Guest Posts
CARES Act: Guidance for Shops with Net Operating Losses
In 2017, the Tax Cuts and Jobs Act eliminated carrying back of Net Operating Losses (NOLs). However, with recent economic hardships from the Coronavirus, new provisions in the CARES act now waive that and businesses can now carry back a NOL arising in a taxable year beginning after Dec. 31, 2017, and before Jan. 1,…
Buyer’s Guide: Different Types of Car Lifts Guide
Ask any shop owner, automotive technician, and mechanic: what’s the most important investment you can make for your shop or garage? The majority will tell you that your vehicle lifts will be the most crucial. While in-ground types were most popular in the ’80s, today’s advancements in automotive technology and service technology allow the technician to…
PODCAST: What Would I Tell My Younger Self [THA 166]
We tilted this episode ‘What Would I Tell My Younger Self. Three very wise men share what they wish they had done earlier in their careers. So why does it take so long to accept ideas, direction, personal accountability? Episode Link With me is Ron Haugen, Chris Monroe, and Doug Grills. This very intuitive podcast…
PODCAST: You are Not a Shop Owner, You are a Business Owner [RR 525]
I am with shop owner Ron Tinner who reaffirms that you are not the owner of the shop but the owner of the business. Someone, mainly you, must be attending to specific functions of your shop so that you can attend to the business side of things. Episode Link Ron says that if you are…
Automotive Service Businesses Must Accommodate the ‘Digital First’ Consumer-NOW
Newsflash – commerce has changed. Maybe forever. The way consumers research, select and purchase goods and services has changed sharply in recent weeks. We are witnessing a major paradigm shift in consumer shopping behavior – at lightning speed. The good news is there are actions an automotive service business leader can take now to align…
PODCAST: Surviving an Economic Downturn [THA 165]
I’m delighted to have Ron Ipach, Maylon Newton, and Chris Cotton. We talk about being in a recession-proof business, marketing, making tough decisions and so, so much more. Many bright spot ideas here to encourage you to find a positive attitude and navigate the challenges to get through this crisis. Episode Link Look we have…
5 steps to manage business finances during a crisis
The last few weeks have been extremely stressful for business owners across the world but not to fear, this won’t last forever. I want to fill your financial toolbox with the information you need to pull through the next few months and come out on top when this storm blows over. So let’s dive right…
PODCAST: Final Inspection – Quality Controls [THA 164 ]
We are tackling Quality Controls and the Final Inspection. This episode aired live during the Covid-19 Pandemic and will become an important listen not only for the power of a good Quality Control process but how the Coronavirus weaved into this conversation. Listening APP In this episode I’m joined by Chris Cloutier, Golden Rule Auto…
Why you need to manage cash flow and how to do it
Ok, this is going to be a long post but it’s an extremely important one for business owners of all sizes. Today, we are going to talk about cash flow forecasting. The main reason I chose this topic today is because of the current situation that has business owners across the world wondering if they…