Expense Control & Financial
How To Handle Inflation
It’s no secret that inflation is causing the prices to go up on everything. For many shop owners, their first knee-jerk reaction would be to try to reduce expenses. Instead, I want to offer a suggestion that may give you a different perspective on handling runaway inflation. For argument’s sake, let’s suppose that a shop’s…
Remarkable Results
Last year I had the privilege of appearing on Carm Capriotto’s podcast, Remarkable Results. We had a fantastic time talking about how to take care of your business finances and a few things you need to know to have a successful business. Here are a few of the points we discussed. Know Your Break Even…
How to Find the Right Bookkeeper For You
When it comes to finding the right person to help your business maintain your finances and bookkeeping, trust and comfort are top priorities. Of course that also means asking a lot of questions, and this post addresses some of the most important criteria to consider when looking for a bookkeeper. Look For Value While price…
Creating the Correct Labor Rate – VIDEO 1 Hour
4 Reasons Not To Do Your Own Payroll
One of the biggest and most consistent challenges that my clients face is payroll. All bookkeeping is repetitive, but payroll seems to come up more frequently and present more challenges, especially for smaller companies. One of the first things that I recommend to all my clients when I start helping them with their books is…
3 Signs Your Business Isn’t Healthy
As a bookkeeper, I have unfortunately seen companies fail. They don’t tend to fail overnight. In fact, most of the companies that fail do so for multiple reasons. But before they fail, there are several signs of problems. Three of the most common signs that I have seen are easy to catch and fix, if…
How To Calculate Your Profit Margin
This post is in response to a diesel shop that was asking about what he should charge. My response is below. What others charge is not even relevant. We were (I’m retired since 60, 7 years ago) a transmission specialty repair shop in the greater Salt Lake Market area of Utah. 2015 was the last…
Paying Attention to Inflation at Your Shop – AUDIO 45 Minutes
Profitability and Key Metrics – AUDIO 60 Minutes
Analyzing Your Advertising Budget – AUDIO 30 Minutes
https://huntdemarest.captivate.fm/episode/03