repair shop finances

  • Some serious accounting terms must be discussed when looking at a balance sheet, but they are terms that every business owner needs to know.
    Brad Mewes
  • 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
  • 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 Frederick
  • 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
  • It is not all about you and what you pay hourly. It is all about how many hours per day the technician gets billed.
    Bob Greenwood