Management Success Announces Rebrand To DRIVE At Their Newly Expanded Shop Owner’s Expo
The Shop Owner’s Expo and its anticipated announcement attracted hundreds of shop owners, industry leaders, parts suppliers, trade associations and media to the Sheraton Fairplex in Pomona, California, on October 19-21.
Ford To Phase Out Sedans In U.S. Market
Over the next few years, the Ford car portfolio in North America will transition to two vehicles – the best-selling Mustang and the all-new Focus Active crossover coming out next year, according to Ford’s first-quarter financial report.
The Art Of Setting Goals For Your Business: Continuous Improvement Helps Pinpoint Opportunities For Growth
For years, I’ve stressed the importance of setting appropriate benchmarks, holding your team accountable for reaching them, and measuring daily to track your progress so you can train and adjust to hit your goals by month’s end. The old way of running a shop, where you send your financials to an accountant and find out on the 15th of the following month whether you made or lost money, is long extinct. You can’t fix the month’s numbers if you don’t see them until it’s too late!
How Business Results Are Tied To Communication
Here’s a claim you can mull over and consider as you reflect on your own company: “99.99% of all companies have no standards for effective communication inside the business.” Truth is, I’m basing that assertion on the fact that I’ve not run across such a company in the more than 20 years I’ve been working within the auto repair and tire industry.
Record-Setting Speed Of Shop’s Sale Thrills Both Seller And Buyer
Although every sale of a shop in which I am involved has its own unique set of circumstances – which makes my job both very interesting and very challenging – Gasoline Alley stands out as particularly memorable because everything that could’ve gone wrong ended up going just right.
Common Questions From Shop Owners Who Are Thinking About Selling Their Shop
The decision to sell your business is one of the most important decisions of your lifetime. Turning your operation into cash is a complex matter involving a number of variables, many of them unique to your business and to the auto service industry. Additionally, you may be facing an uncertain economy, unbridled competition and sophisticated buyers.
10 Mistakes To Avoid When Selling Your Business … An Insider’s Guide
The majority of challenges and frustrations experienced by sellers can be avoided with solid information about the pitfalls of selling a business in today’s market. While there are dozens of challenges to overcome, here are 10 of the most common mistakes that can have drastic repercussions and cause both stress and loss of value on a business sale.
At Which Stage Of Development Is Your Shop?
There are a number of challenges associated with running your own business and, typically, they can be categorized into four major stages. How you approach these stages and overcome the relevant obstacles are key to taking your shop to the next level.
Controlling Payroll, Managing Productivity
Payroll is the largest expense item in the monthly financials, and dramatically affects the bottom line. It’s so easy for this to get out of hand if it’s not monitored on an ongoing basis.
How Your Previous Year’s Taxes Will Affect The Sale Of Your Shop This Year
Jim’s Auto Repair and Tire has been a fixture in a Midwest community for 31 years. Jim is now 64 years old and has agonized about when to retire for the past couple of years. The business has enabled him to live a good life despite the ups and downs of the local economy, put his two children through college and spend more time lately on his hobbies.
