AutoShopOwner Articles
This forum is reserved for article discussions. Comments posted on article pages will also be added as posts to article threads here, and visa versa.
543 topics in this forum
-
- 1 reply
- 543 views
-
- 0 replies
- 675 views
-
- 1 reply
- 717 views
-
- 0 replies
- 780 views
-
- 0 replies
- 852 views
-
- 0 replies
- 1.2k views
-
- 0 replies
- 1k views
-
- 0 replies
- 1.4k views
-
- 0 replies
- 1.3k views
-
- 0 replies
- 1.3k views
-
- 0 replies
- 1.1k views
-
- 0 replies
- 1.2k views
-
- 0 replies
- 763 views
-
- 0 replies
- 828 views
-
- 0 replies
- 512 views
-
- 3 replies
- 811 views
-
- 0 replies
- 669 views
-
- 0 replies
- 615 views
-
- 0 replies
- 341 views
-
- 1 reply
- 420 views
-
- 1 reply
- 577 views
-
- 0 replies
- 326 views
-
- 0 replies
- 346 views
-
- 0 replies
- 529 views
-
- 0 replies
- 278 views
-
- 0 replies
- 425 views
-
- 1 reply
- 485 views
-
- 0 replies
- 521 views
-
- 0 replies
- 577 views
-
- 0 replies
- 578 views
-
- 0 replies
- 653 views
-
- 0 replies
- 353 views
-
- 0 replies
- 496 views
-
- 0 replies
- 510 views
-
- 0 replies
- 686 views
-
- 2 replies
- 1.3k views
-
- 2 replies
- 1k views
-
- 0 replies
- 840 views
-
- 0 replies
- 864 views
-
- 0 replies
- 842 views
-
- 0 replies
- 886 views
-
- 0 replies
- 762 views
-
- 0 replies
- 1.1k views
-
- 0 replies
- 944 views
-
- 0 replies
- 1.1k views
-
- 0 replies
- 1.1k views
-
- 0 replies
- 1.1k views
-
- 0 replies
- 1k views
-
- 0 replies
- 1.1k views
-
- 0 replies
- 1.8k views
-
Upcoming Events
No upcoming events found -
Latest Posts
-
.thumb.jpg.2b345efc275b9df0af2bbb306a10a78a.jpg)
By Joe Marconi · Posted
Did you do wholesale work, work for other shops? And also for warranty companies. Were there different labor rates for these, and how did you maintain a decent profit margin? -
By Transmission Repair · Posted
We had different labor rates for different jobs. Sometimes it was because of the difficulty, and other things like risk. We had our labor rates at the lowest, plain vanilla, straight jobs. If the vehicle had been chipped, twin turbos, high flow heads, exhaust, or deleted emissions, part labor for those types of vehicles carried a higher premium labor rate. For me, it's not just about the money as it was about managing risk. We commonly found when customers make a horsepower/torque range change, the first thing that goes is usually the factory original transmission. With diesels, this is especially true. The transmission simply is the weak link in the drivetrain. They were never meant to handle that much power. Sometimes it was the extra hard parts/upgrades that drove the price up, which is additional parts on top of the increase in labor. Our ARO for major jobs was about $3,600 as of 2015. -
By Joe Marconi · Posted
A critical strategy that should be consider by shop owners! Excellent podcast! -
By Joe Marconi · Posted
Once again, Hunt brings clarity and great information to shop owners! -
By Joe Marconi · Posted
With labor rates going up, one concept me also need to consider is multi tier labor rates. For example, performing jobs on heavy trucks is different than work on a Honda Civic, or Toyota Corolla. Also, if you do complicated computer work, electrical and driveability, that requires your top tech with the most expensive tools and training. And those jobs have no part profit. Shouldn't this be billed at a higher labor rate? Do you have a tier labor rate strategy? I would like to hear from other shops. -
By champtires · Posted
Automotive businesses and drivers in the greater Raleigh, North Carolina area can now quickly purchase premium used tires in-person from the country’s most trusted source, Champtires. Champtires was founded in 2009 to provide an option to expensive new tires. With prices up on almost all consumer goods, including tires and gas, anyone who drives, sells or repairs cars can benefit from lower priced high-quality used tires. Headquartered in West Mifflin, Pennsylvania, Champtires sells tires across the continental United States and at two retail locations in the Pittsburgh, PA region. Now, Champtires is offering pickup sales at its Sanford, NC warehouse. “While we offer free and fast shipping for website orders, there are situations when waiting for a tire to be delivered is inconvenient. This gives people in and around Sanford the ability to quickly get tires when they need them,” said Brad Rea, president and CEO of Champtires. The cost difference between new and slightly used tires can be substantial. For example, BRIDGESTONE ALENZA SPORT A/S RFT 275/45-20 110 H tires are $408.03 per tire, or $1,632.12 for a set. At Champtires, like-new Bridgestone tires in the same exact size, brand and model are priced at $81.17 per tire, saving $1,307.44 for four tires. Goodyear Eagle RS-A 245/55-18 103 V tires sell for about $233 per tire. Buying a 9/32 replacement from Champtires costs $58.35, a difference of $174.65 for one tire. Saving money isn’t the only benefit of used tires – it is also the sustainable option because a perfectly good product is being reused instead of ending up in a landfill. To purchase and pickup tires in Sanford, simply call 412-462-3000 to place the order. Champtires’ warehouse is located at 1501 Douglas Drive, Sanford, NC 27330. Learn More. Related Information: How Jen Saved $1,307.44 on Four Bridgestone Tires Real Examples of Saving Money on Used Tires Why Buy Used Tires? -
-
Every entrepreneur’s primary goal is to make a healthy business profit. But as most entrepreneurs know, there are a plethora of roadblocks that can keep them from financial success. From money management to high-interest loans, it’s quite easy to stray from the path of profitability if you’re not on high alert. In this blog post, we’re sharing six common financial pitfalls so you can avoid them to increase your income repeatedly. Inadequate cash flow management (H2) One of the most common financial pitfalls we see is inadequate cash flow management. This happens when revenue is coming in steadily but is not being distributed efficiently. This may happen due to irresponsible spending or financial unawareness. When this happens, businesses may find themselves struggling to cover their operational costs, even though their profit looks good on paper, because money has been spent elsewhere. Accounting software programs like Quickbooks keep you informed of your monthly cash flow so you can manage it efficiently. Excessive Debt (H2) While leveraging debt can be a powerful tool for business growth, it can be risky if it’s not managed properly. High levels of debt often increase the financial burden on a business through interest and repayment obligations. This can exacerbate cash flow problems, so carefully weigh the benefits before taking out a loan or swiping your company credit card. Poor Inventory Management (H2) It can be difficult to find a healthy balance for inventory management. Holding too much inventory ties up capital that could be used elsewhere, while too little inventory can lead to lost sales. For more profitable inventory management, try: Implementing streamlined inventory tracking systems Conducting regular audits to identify stock levels Build relationships with suppliers who can deliver inventory in a timely manner Inventory management software such as Tekmetric provides you with a healthy inventory flow to free up capital, drive more sales, and boost profit. Ignoring Technological Advances (H2) We live in a digital age that relies on technology. While it may be your first instinct to run your business like you always have, it’s critical to follow technological advances in the industry. Updating your software, tools, and systems to meet new industry standards gives your business the competitive edge to welcome new customers through the door. Failure to Adapt to Market Changes (H2) The market is ever-evolving, and as a savvy entrepreneur it’s important to meld with the ebbs and flows. Staying up-to-date with consumer demands and leaning into industry trends will lead you to experience steady and increased revenue. Lack of Emergency Fund (H2) Adversity is unavoidable as a business owner, and having an emergency fund for those just-in-case situations is critical if you want to avoid accruing debt. If you don’t currently have an emergency fund and are unsure of where to start, we can help you accelerate the process with a financial roadmap. When you have a healthy emergency fund to cover unexpected expenses, you have the peace of mind that your business will persevere through hardships.
-
