Opinion | Commentary

  • Because of my unique perspective as someone who grew up in the collision industry and also has an MBA with a specialization in finance, I often hear comments and assumptions made that make me cringe. At best, these comments can cause real harm if left unaddressed, and at worst can be used by savvy buyers to mislead a seller.
    Brad Mewes
  • There are many important factors to consider when negotiating a business purchase or sale in addition to price. These are four of the more common ones we see when helping clients manage transactions in the collision repair industry.
    Brad Mewes
  • There are things you can do to that may increase your multiple like building scale or investing in training and technology. But in general, the primary way to increase the value of your business is to improve your financials. Here are 5 simple ways to increase the value of your business.
    Brad Mewes
  • One of the first things we do when working with clients (helping them sell or helping them expand) is to perform a business valuation. Valuations are important because they set a baseline. It answers the question ‘what is my business worth?"
    Brad Mewes
  • But strength in numbers may not necessarily equate to an enhanced overall customer experience. 
    Michael Giarrizzo
  • Insurance providers and vehicle owners have increasing expectations for excellent service, rapid repairs and low costs. The result is additional investments in process and procedures like lean, 6 sigma and kaizen.
    Brad Mewes
  • I certainly believe that increasing technological complexity fundamentally changes the industry. And, depending on your inclination and your time horizon, it can either be seen as a huge opportunity or a huge threat.
    Brad Mewes
  • There are 3 main areas I see that will continue to impact the industry: technology, consolidation, and monetary policy, i.e. the Fed. Here are 3 collision industry predictions for 2016.
    Brad Mewes
  • For my shop staff to be successful, I want our shop running as one team, all with the same goal.
    Ryan Cropper
  • Repairers may be put in a position where they perform “free” work to ensure a vehicle is repaired properly. But it’s critical that you get paid for every operation your shop performs.
    Nace Automechanika Atlanta Logo
  • Hanging out in the middle means that you have no commitment to deliver anything.
    Mike Jones
  • Over the next few weeks we will discuss what I discovered when I read Boyd’s 2015 Income Statement. This week we are going to review the P&L and the balance sheet.
    Brad Mewes
  • Following major companies in the automotive aftermarket segment helps give industry consultant Brad Mewes a better look at market trends and insight into the drivers of profitability.
    Brad Mewes
  • Consolidation in the collision industry continues to march forward at an astounding pace. The largest companies in the industry continue to aggressively grow through acquisitions, or by buying existing collision repair operators. 
    Brad Mewes
  • There is a lot of opportunity for entrepreneurial business owners at present. But looking ahead, we also see some headwinds that can change the market dynamics.
    Brad Mewes
  • Relying on the MacGyver bucket is telltale of a repair process that wasn't planned out correctly from the start. And because of that, your tech is now scrambling to meet the pressure of on-time delivery. 
    Michael Giarrizzo
  • Financing equipment or facility upgrades is commonplace in many industries. While many of us were raised with the notion that debt is bad, the reality is that debt is simply one tool of business finance when prudently used. A core tenant of corporate finance is that the liabilities of the firm ought to match the assets of the firm. 
    Brad Mewes
  • I often ask business owners, paint and body technicians, customer service representatives, estimators and other members of the team the following important question: “Why is there never enough time to do the job right the first time; however, there is always time to go back and do it again?” 
    Mike Jones
  • Regardless of what stage of your career you are in, others’ experiences can lead to valuable knowledge for continued growth and success.
    searchautoparts
  • Responses to early career injuries were creative but not always ideal.
    searchautoparts