Opinion | Commentary

  • To create a business that builds generational wealth, it is important to understand the different options available to a business to achieve that growth. 
    Brad Mewes
  • Like it or not, aluminum is now here for the masses and more OEMs will be utilizing it in the coming years.
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  • Owners recognzie business challenges, but are utilizine the role of CFO to mitigate these challenges and foster continued growth.
    Brad Mewes
  • Private equity firms are very active in the collision repair market, and the automotive aftermarket in general; yet for as active as private equity groups are in the industry, these groups are not well understood.
    Brad Mewes
  • It is important to position your business to thrive – not just survive – in the collision repair industry, and to do that requires a focus on three things — sales and marketing, production, and finance and human resources.
  • A new brownfiled shop in Aston, Pennsylvania has implemented the gas catalytic drying system, which requires only standard electrical and natural gas hook-ups and uses infrared energy to rapidly cure filler, primer and paint.
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  • As consolidation trends continue in the collision repair market, there are very real challenges and also opportunities for more mid-size MSOs or even single-location shops to grow.
    Brad Mewes
  • This week, rather than just reviewing financial statements, we are going to complete a bit of financial analysis to derive certain KPIs that tell us about how Boyd operates.
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  • Surveys give shops an opportunity to better understand billing and payment policies of other shops.
  • Surveys give shops an opportunity to better understand billing and payment policies of other shops.
  • New equipment, and for us a new production system, signal a revolution at our shop.
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  • Are you attending NACE this year?
    Brad Mewes
  • This week we are going to look at Boyd’s fiscal year 2014 Balance Sheet, or more formally the Consolidated Statement of Financial Position.
    Brad Mewes
  • Last week, there was discussion of the Boyd Group Income Fund, specifically the Fiscal Year 2014 Income Statement, and how it's similar and different to the income statements of other industry operators .
    Brad Mewes
  • Keenan Auto Body’s Collision Repair Opportunity program confirms, with its second graduate, that the collision industry can grow its own talent.
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  • This week we are going to review the first of the three key three financial statements from The Boyd Group's 2014 annual report and compare the results to some industry averages.
    Brad Mewes
  • A big part of developing a strategy, whether it is stand pat, buy or sell is understanding what your competitors are up to in the marketplace.
    Brad Mewes
  • Get the equipment, employees and business in place that you need for a new location launch.
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  • Brad Mewes shares his insights on business, finance and corporate strategy — all geared toward the collision repair shop in his "Financial Insight for the Shop" segment.  
    Brad Mewes
  • In a recent survey, one-third of collision repair shops nationwide said they have never asked to be paid for “masking the engine compartment” when this “not-included” procedure has been necessary as part of a repair.  
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