Making New Equipment Pay For Itself In 90 Days
In the best-case scenario, the new equipment pays for itself, increases trust and loyalty with your customers, improves efficiency, and leaves you with no regret. But, the opposite is always a possibility: the equipment never pays for itself, it goes unused, it breaks down and makes your team inefficient, and ultimately makes you wish you’d never have written the check.
SEMA Accepting Scholarship Applications
The SEMA Memorial Scholarship Fund offers financial assistance of up to $5,000 to help foster the next generation of automotive aftermarket industry leaders and innovators. Students can apply for the scholarship at sema.org/scholarships. Deadline for the program is March 1, 2016.
5 Ways To Find Qualified Technicians
One of the challenges that shop owners have faced for years is finding and hiring qualified technicians. Here are 5 of the most successful techniques that I used to find the superstars when I was still operating shops.
Servicing Fleet Account Vehicles … A New Profit Center For Your Shop!
Tom and Joe Palermo shed some light on the challenges they faced as they embarked on new service territory, how they equipped their shop and team to take on additional vehicles and their varied service requirements, and the opportunities that resulted from establishing a new service “profit center” for their growing business.
Turning Employees Into Salespeople
Looking for new ways to address flat sales and low profitability? Try turning all your employees into salespeople. Regardless of an employee’s position or job description, there’s an opportunity for people at all levels to be salespeople. Here are eight ways to make sales part of every person’s job, adapted from Patricia Sigmon’s new book “Six Steps to Creating a Profit.”
Insider Tips About SBA/Bank Financing When Selling Your Shop
As a shop owner contemplating the sale of your business, understanding the elements of bank financing is key to ensuring you will maximize the sales price and minimize the process time.
The Shortage Of Technicians Is Not A Problem
As we all know, since the inception of our industry shop owners have complained about the ever-increasing shortage of qualified technicians. Yet, what I find most interesting is that they seem to overlook one key factor: personal responsibility.
5 Surprising Strategies To Increase Business Productivity & Profitability
Maximizing both productivity and profitability in a business often takes out-of-the-box thinking. But, don’t stop there! It’s also wise to go a step further and think against the grain to look at issues and approaches through a different lens – even if this different perspective is counter-intuitive or contradictory.
Shannon Family Automotive: Extolling The Value Of Its Services Boosts Profits
Having opened Shannon Family Automotive four short years ago, co-owners Larry and Colleen Shannon, who are only in their early 30s, have learned a thing or two about running a successful independent automotive repair shop. First: Sometimes you have to spend money to make money.
MAHLE Aftermarket Inc. Ads Come To Life With Augmented Reality
MAHLE Aftermarket Inc. has incorporated innovative augmented reality technology into its series of SMART PART(ner) advertisements that enables the print material to come to life. Augmented reality has been implemented into advertisements promoting MAHLE Original filters, thermostats and turbochargers, as well as Victor Reinz gaskets.
