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Posted

Hello everyone. I am well into the process of starting my own shop. The plan is to open our doors for business October 1st this year. I won't pretend to be the most knowledgable with business, but am putting forth as much effort to prepare as I can. I hope to find a couple mentors here who would be willing to help me through this startup time and beyond. Things like refining the business plan, financing options, etc.

 

I look forward to learning from you all!

Posted

Thanks guys. I'm going to put this reach out there, is there anyone here that would be willing to look over my business plan? So far as projections of sales, expenses etc? I've given it my best shot and tried to be pretty conservative, but I have a feeling that someone with some owner's experience could pick it apart pretty easily. Thanks in advance for anybody's help!

 

 

IG: leesweitzerracing

FB: familyaffairmustangs

Posted (edited)
  On 1/29/2016 at 8:21 PM, mspecperformance said:

Shoot me a PM or you can e-mail me your biz plan at info@mspecperformance.com I am more than happy to look it over but also take my advise or any comments I have with a grain of salt!

I'll send you an email, thanks! And no worries, I have thick skin. We all need to be kept in reality Edited by sweitzerperformance
Posted
  On 1/29/2016 at 10:03 PM, Tires Too said:

In another life, I was a commercial loan officer at a regional bank. I'd be happy to take a look at it. Email is russ@tirestoo.com

Email sent, thank you very much for your time!
Posted

Welcome to the forum! I looked at your facebook and your instagram! Cool mustang!

 

What type of work are you planning to focus on? Is it general services or a specific

make or something totally different?

Posted
  On 1/30/2016 at 11:16 AM, Elon Block said:

Welcome to the forum! I looked at your facebook and your instagram! Cool mustang!

 

What type of work are you planning to focus on? Is it general services or a specific

make or something totally different?

We're going to be a domestic performance and general repair shop. My goal is to be able to transition away from general repair in about 2 years. By then I want to have enough business to focus strictly on performance work with an emphasis on ford stuff. If the market is there we hope to get a chassis dyno and hire a tuner. If the demand is there id like to be able to hire a fabricator to do in house chassis fabrication as well.

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  • Have you checked out Joe's Latest Blog?

         0 comments
      It always amazes me when I hear about a technician who quits one repair shop to go work at another shop for less money. I know you have heard of this too, and you’ve probably asked yourself, “Can this be true? And Why?” The answer rests within the culture of the company. More specifically, the boss, manager, or a toxic work environment literally pushed the technician out the door.
      While money and benefits tend to attract people to a company, it won’t keep them there. When a technician begins to look over the fence for greener grass, that is usually a sign that something is wrong within the workplace. It also means that his or her heart is probably already gone. If the issue is not resolved, no amount of money will keep that technician for the long term. The heart is always the first to leave. The last thing that leaves is the technician’s toolbox.
      Shop owners: Focus more on employee retention than acquisition. This is not to say that you should not be constantly recruiting. You should. What it does means is that once you hire someone, your job isn’t over, that’s when it begins. Get to know your technicians. Build strong relationships. Have frequent one-on-ones. Engage in meaningful conversation. Find what truly motivates your technicians. You may be surprised that while money is a motivator, it’s usually not the prime motivator.
      One last thing; the cost of technician turnover can be financially devastating. It also affects shop morale. Do all you can to create a workplace where technicians feel they are respected, recognized, and know that their work contributes to the overall success of the company. This will lead to improved morale and team spirit. Remember, when you see a technician’s toolbox rolling out of the bay on its way to another shop, the heart was most likely gone long before that.
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