Free Owner Overload Check for Established Auto Shop Owners.
Your financial reports or numbers should do more than record what happened. They should help you decide what happens next. Many auto shop owners receive financial reports every month. They may look at sales, scan the profit-and-loss statement, check the bank balance, and then return to running the shop. The reports were reviewed, but no …
How Pricing Gaps, Weak Systems, and Owner Dependency Cause Profit to Leak Parts costs are rising. Freight is higher. Electronic components are more expensive. More vehicles require sensors, modules, cameras, assemblies, dealer-only parts, and specialized components. Understanding parts profit in auto repair shops has become increasingly important as customers are also paying closer attention to …
Part 2 of the “Unstoppable” series, the episode focuses on “Mastering Your Finances.” The conversation aims to empower shop owners with financial literacy, enabling them to make informed decisions and ensure business sustainability. This episode specifically addresses mastering finances for auto shop owners. Maryann Croce emphasizes the importance of understanding financial statements, calculating profit margins, …
My friend Lesia Peterson is the owner of The Wealth Clinic and the author of the book, The Mindful Millionaire. We met in New York City at a mastermind meetup that we are both in. I had some wonderful conversations with Leisa while walking in New York City, about money stories and how learning from …
Just as babies need to crawl before they walk, businesses need to survive before they thrive. Keeping this in mind during a crisis is key to staying focused on the bigger picture. Whether it is a local or global crisis it is important to understand where your thoughts are at, to best serve your business …