PODCAST: Top Financial Challenges to Overcome- An Owners Perspective
We’re serving up a strong discussion on Financial Challenges with me are shop owners John Long, Schertz Automotive, Schertz, TX, Tom Ham, Auto Centric, Grand Rapids, MI and Andy Massoll, Detroit Garage, Farmington, MI Link to the episode You may not be surprised as to the big take-a-way from this episode. It is only logical…
Should You Lower Your Prices in Your Auto Repair Shop?
Every auto repair shop can expect slow periods now and then, especially in a slow economy. When this happens—particularly when it drags on—a lot of shops might be tempted to lower their prices in an effort to bring in more business. There may be reasons to lower your prices in some circumstances, but generally, it’s…
The Dark Side of Cash – How Cash Can Destroy Your Shop
The Dark Side of Cash – How Cash Can Destroy Your Shop When we had our first taste of cash, we realized its beauty. Regardless of whether it was a weekly allowance for doing household chores, or payment for mowing a neighbor’s lawn, we can all recall someone paying us with cash. It put a…
How Shop Owners Should Review Financial Statements – VIDEO – 2 Minutes
#autoshopfinancials
Automotive Repair Business Year End Check Up
At the end of the year and before the start of a new business year businesses take stock of where they stand and make plans for the upcoming year. At this point it’s a good time to revisit some existing business practices and possibly plan to adopt some new ones in order to ensure business…