Clark’s Car Care: Overcoming Challenges To Find Success
Many shop owners get their start the old-fashioned way: Their dad or uncle owned a shop, and they grew up learning how to fix cars. Essentially, it was “in their blood” so to speak. But Matt Weber, co-owner of Clark’s Car Care, has a very different back story, one that starts with a detour from an accounting degree to take a less traveled road to shop ownership.
Winning Over A Tough Customer
If you close your eyes and picture a tough customer, what image do you see? Is it a price shopper on the phone? An argumentative customer at the front counter? A Yelp reviewer who went directly to the Internet instead of giving you a chance to address his or her concerns? Each of these kinds of tough customers can put a kink in our day if we let them.
Do You Know Your Shop’s ‘Sellability Score?’ Part 2
“Sellability” is a powerful indicator of the value of your business, regardless of whether or not you have any intention or even interest in selling your business today. A high Sellability Score may confirm or surpass the value you have in mind. A lower Sellability Score may point directly to the underlying issues in your business which undermine its value.
What Every Shop Owner Needs To Know About Accountants
In order to build a successful auto repair shop, there are a number of things you will have to do. You will need to have clearly defined goals, a plan, and you will need to surround yourself with successful people. You will need gifted techs and advisers, a great support staff, the help of marketing professionals and business coaches, and a great accountant as well. Unfortunately, most shop owners don’t understand how to find the really great accountants, they don’t know what to expect from them, and they don’t know how to utilize their services.
Top 5 Reasons A Deal Falls Apart, And How To Prevent Them
Your tire or auto service business has provided for your livelihood. It has created jobs, sales, profits, equity and marketplace visibility. And now you’re ready to move on. Maybe you’re seeking an exit right away. Maybe you’re planning for the future. Either way, and regardless of the phase you may be in regarding the sale of your shop, if you have questions about how to proceed, you’re not alone.
Convenience Auto’s Commitment To Excellence Helps Shop Remain Successful
All too often, going into business together can strain a friendship, but this hasn’t been the case for Lou Lippert and Mike Maloney. If anything, opening Convenience Auto Service in March 2004 and working to operate a successful independent repair shop has only solidified the alliance – and resulted in the two friends celebrating their 10th anniversary in business.
What’s Your Exit Strategy?
I recently asked a friend in his late 50s about his plans for retirement. He told me he expected to die at his desk – and he was serious. He gave no thought to a time when he wouldn’t be in his business. Part of being a proactive business owner requires that you look a few moves down the chessboard – whether that means keeping the business in the family, turning it over to a management team so you can golf more or selling the business.
The Customer’s Budget Should Not Be Taken Lightly
If anything good came out of the recent recession, it’s that many people have learned to budget their finances. We are all well aware that there are times when the customer can’t afford all of the services and/or repairs that we are recommending. For example, a customer comes in for a 60k service and you discover that the car needs brakes on all four wheels and tires. The customer, due to budgeting reasons, declines the 60k service, but authorizes the brake work and tires.
Executive Q&A, Part 1: Art Blumenthal MBA, CBI Nationwide Automotive Aftermarket Business Broker
In the first of a two-part series, we delve deep into the process of selling a business by interviewing Art Blumenthal, nationwide automotive aftermarket business broker, who provides business valuations, exit planning, and buying and selling advisor services.
MAHLE Holds Dedication Celebration For Newly Expanded North American Headquarters
MAHLE recently officially opened an expanded North American headquarters campus in suburban Detroit. The nearly $20 million expansion project consolidates operations previously located in Novi and Ann Arbor, MI, onto the company’s new campus in Farmington Hills.