Financial

  • Bring in the maximum net income possible from the current business coming in your door while also learning the processes to achieve the desired results to capture untapped income. 
    Bob Greenwood
  • There is so much change and discipline required to be in business today, and some shop owners and manager may want to put their head in the sand. But if you give up trying to be the best version of yourself, your actions will haunt you.
    Bob Greenwood
  • Review each of these items within your own operation to ensure your business is heading in the right direction to retain all your customer/clients business. 
    Bob Greenwood
  • The objective, in a business operating an automotive maintenance shop, should be to “net” a minimum of 10 percent of total bay sales before tax but after all operating expenses including a professional management wage has been earned.  A business has a right to gross profit, but it must earn its net profit.
    Bob Greenwood
  • Shop owners from coast to coast are realizing the competitive world of the automotive repair industry is heating up like never before, especially in competing with dealerships.
    Bob Greenwood
  • The fact is most people find it very difficult to embrace an entire message, as they don’t feel comfortable with the change they will have to go through to see the message to fruition.  This is the real reason why it didn’t work for them. 
    Bob Greenwood
  • It appears the technicians who own these shops, first and foremost, are pretty decent technicians. He appears to be morally in check in that he really wants to do the job right and try to serve the customer well. 
    Bob Greenwood
  • This new what is a dramatic shift change in business culture, and it is making many shop owners very nervous in the sense they are questioning to themselves, “Am I up to this?” or asking, “Can I do this?” and “Will I understand this?”
    Bob Greenwood
  • Are you up to date with your business financial management guidelines to operate your shop today? Take the time to do the following test on these basic questions just to see where you sit. 
    Bob Greenwood
  • Doing business and accepting online payments can help grow your customer base and sales, get paid for services, stay in touch with valued clients, and ensure security for both your business and your customers.
    PayPal
  • While FDML's Powertrain segment continues to generate solid core organic growth posting share gains across several markets, offsetting impact from near term currency headwinds and ongoing integration issues in the Motorparts segment limit earnings growth in 2015.
    searchautoparts
  • Business is going great and you have checked off nearly all of your goals in your current location, what’s next? For many shop owners attending Automechanika Chicago, the next step is opening another location.
    Tschanen Brandyberry
  • Vin Waterhouse, a nationally recognized management consultant who works often with NAPA AutoCare Centers, led a pair of his popular presentations with the Automechanika Chicago attendees on key benchmarks for shop owners and managers to take back to their shops and employ. 
    Tschanen Brandyberry
  • Meineke Car Care Center, the nearly 1,000-unit, aftermarket auto franchise, is poised for paralleled growth as consumers place a greater focus on preventive maintenance and entrepreneurs seek franchising opportunities.
    meineke, Meineke Car Care
  • Some want to develop a second in command so they can enjoy more free time in their life or prepare for retirement. This gives us the knowledge and skill to implement change; however, the one thing we have to have is your commitment. 
    chris chubby frederick, ati
  • There is a growing shortage of younger technicians who want to get into automotive repair as a career. According to the Manpower Group, “Hardest to Fill Survey for 2013,” automotive mechanics (technicians) are among the hardest positions to fill in the U.S. 
    searchautoparts
  • National award-winning automotive service center Pam's Motor City Automotive and Tires announced it signed paperwork to complete the sale of the shop to John Kish, of West Chester, Pa.
    Pam's Motor City Automotive
  • If you want to stay the best shop in your market, you have to be profitable enough to deliver the best experience today’s customers desire, and that takes money.
    chris chubby frederick, ati
  • Most of us understand that if you are not growing, you are probably slowly going out of business. With costs increasing every year and our people wanting to grow, there is pressure on all shop owners to continue to grow their business.
    chris chubby frederick, ati
  • This shop owner was not feeling the money in their wallet. According to their profit or loss statement, they were doing great. So where is the money?
    chris chubby frederick, ati