Tips for Revving Up Your Credit and Debit Transactions
“Cash moves everything around me.” It’s a common thought for many automotive repair shop owners. Cash flow is one of the biggest and most important challenges many business people face, especially in the service business. Capital equipment payments and rent are both expensive, not to mention parts purchases and payroll.
Executive Interview: Rusty Bishop- CEO, Federated Auto Parts
Rusty Bishop began his career in the automotive aftermarket 38 years ago when he joined Fisher Auto Parts, where he held a number of positions in warehouse and jobber store management and also served as a director of the company. In 1985, Bishop co-founded Federated Auto Parts Distributors, a program marketing group for major warehouse distributors.
Outsider Interview: Jim Ruggles, Sr., Bicycle Shop Owner
Albert Einstein once said, “Life is like riding a bicycle, in order to keep your balance, you must keep moving.” The same can be said for any business, especially automotive repair. If an automotive repair shop does not stay current and grow, it is at risk of going off track and failing.
Tap Into the Power of Collaboration to Grow Your Business
When it comes to making business decisions, going it alone can be a recipe for disaster for automotive repair shop owners. The world is more complex than ever. To make smarter choices for your business, you would do well to tap into the knowledge and experience of others. In Part 1 of this two-part article, I’ll discuss why collaboration is essential to your business. “We all learn from experience, but it does not have to be your own.”
Is Profit Sharing Right for Your Business?
If you’re looking for a way to give your employees a bigger stake in the company, fund their retirement plans or regulate year-end bonuses, a profit-sharing program might be the solution for you.
Schneider’s Automotive: Rich in Heritage, Quality and Service Excellence
Running a successful shop with a 44-year heritage doesn’t
happen by accident. It takes a lot of hard work and doing
a lot of the right things. Operating out of its Simi Valley
location since 1980, and in Santa Monica 14 years before
that, Schneider’s Automotive is one exemplary shop.