Repair One Automotive: Team Atmosphere Bolsters Shop’s Success
Creating a team atmosphere is sometimes easier said than done in a repair shop setting. Not so with Repair One Automotive. Since opening in January 2003, owners Brent and Brenda O’Neal have made every effort to build not only a team atmosphere, but a positive environment where “employees know their ideas are both listened to and valued.”
6 Tax Tips For Charitable Giving
Richard Lipton, founder of Lipton CPA & Associates, says if you make charitable donations and want to claim a tax deduction for your gifts, you must itemize your deductions. He offers the following tips for giving business gifts to charity.
Tax Strategies For Auto Repair Shops
Shop owners who are focused on serving their customers and operating efficiently are taking a little extra time to also get their financial house in order. They realize the value of the ABCs of a well-managed business: A for attorney, B for banker and C for CPA. These trusted advisers could help you focus on your customers and your business, while also ensuring you operate legally, effectively and profitably.
Women In The Automotive Industry Do More Than Survive: They Thrive
To make it in the automotive industry, you have to be hardworking, friendly and diligent. To make it in the automotive industry as a female, you have to be a confident go-getter, in addition to all of the above. Fortunately, the auto industry is attracting more and more of these strong, talented females, which means women have new career opportunities knocking at their doors. But why would a woman choose a male-dominated workplace over other options?
Tips For Safeguarding Financial Records
Some natural disasters are more common in the summer. But major events such as hurricanes, tornadoes and fires can strike at any time, so it’s a good idea to plan for what to do in case of a disaster. You can help make your recovery easier by keeping your tax and financial records safe. Here are some basic steps you can take now to prepare.
Will Your Tax Returns Understate The True Value of Your Auto Service Business?
After more than 30 years of owning and successfully running the town’s well-known and successful auto service business…starting out long ago as a single location and growing to multiple sites over the course of his career…Dan the Auto Man is about to make the biggest decision of his professional life. Dan has decided that it’s
New Technology Boosts Tech Productivity And Shop Communication
Shop owners using the electronic inspection sheet, as well as the paperless back shop, have been going through some inflection points. Getting rid of paper has allowed them to present professional-looking inspection results to their customers and an unprecedented opportunity to educate on “Why now?” and “What happens if I don’t do it?”
Case Study: Overcoming Daunting Challenges Selling An Automotive Aftermarket Business
While every transfer of business ownership is unique, unforeseen challenges – in this case, a national business recession that resulted in decreased sales and complicated by environmental and family ownership issues – can cause the selling process to drag on for what seems like forever, to the frustration of all parties involved.
Consumer Confidence Increases, Back-to-Back Monthly Gains Spell Good News
The Consumer Confidence Index is up and that should spell good news for your business. Posting another gain in May, standing at 76.2 (up from 69.0 in April), consumer confidence is now at a five-year high.
Knowing Your Numbers Helps Boost Shop Profitability
Over the last 22 years, I’ve been amazed to discover just how many shop owners are lost when it comes to knowing and understanding “the numbers.” In order to build a successful auto repair shop, you are going to need to know two sets of numbers: your “financial” benchmarks, and your “operational” benchmarks.
