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Flash Sale + Social Proof


Flash Sale + Social Proof


Flash Sale + Social Proof

The brake eaven #?


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I have been in business for almost 13 years and have been successfull for the most part but lately with the mild winter we just had it just seems like a big game of catch up and i can't seem to make much headway in the $ dept.. I have asked my accountant for some help with this but he doesnt seem to have time to help me get the # I need, or they talk in terms that i do not under stand. What i need is a simple as possible explanation of how to find my brake even # to just make sure i am going in the right direction every month I am sick of playing catch up and it makes for some not very fun days. I am using quick books for my accounting and also using ro wrighter for my shop management. Oh by the way i dont want to just break even every month I just want to make sure my goal for every month is the right #.

 

Rob Ostrom

Ostrom's

Minong Wi

715-466-2377

Edited by roboutlaw
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First of all, the term is break even. Do you include a salary for yourself when you attempt to break even? If you are only referring to paying the bills then you are having a problem. You have been in biz for 13 years then you should be able to analyze your business to see what part is off. If you have good volume then your prices maybe too low. If your charges allow for a good margin then you don't have enough volume. When you analyze your business look close at the type of business you are getting. I don't think a CPA can tell you about breaking even because he does not know your business. I think if you

are still confused then you should try finding someone in you community in your type of business that would not feel threaten helping you.

 

Good Luck

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I have been in business for almost 13 years and have been successfull for the most part but lately with the mild winter we just had it just seems like a big game of catch up and i can't seem to make much headway in the $ dept.. I have asked my accountant for some help with this but he doesnt seem to have time to help me get the # I need, or they talk in terms that i do not under stand. What i need is a simple as possible explanation of how to find my brake even # to just make sure i am going in the right direction every month I am sick of playing catch up and it makes for some not very fun days. I am using quick books for my accounting and also using ro wrighter for my shop management. Oh by the way i dont want to just break even every month I just want to make sure my goal for every month is the right #.

 

Rob Ostrom

Ostrom's

Minong Wi

715-466-2377

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When I look at owners break even you take your expenses for everything that you pay out and add 20% and that would be your break even. For example, I took 4 mouths of statements and subordinate by 4 and then added 20% and that is my minimum monthly goal.

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Since you are a sole proprietor you need to look at your personal expenses. If you need to bring in 5k (including taxes) then your break even would be 5K plus your business expenses. A 20% margin is dependent on how much you spend. But this breaking even talk is just to get by when business is slow. If you can only break even, maybe it is time to get a job working for a dealership.

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I'm an independent business development coach for Elite Worldwide. What you need is training to understand how to measure what you're doing. Few accountants know how to help!

 

Do you know your gross profit on parts and labor?

 

How do you measure other aspects of your shop?

 

Do you need help on how to effectively run your shop?

 

Elite Worldwide wants to give back to the automotive community and for a limited time we will be providing all shop owners the opportunity of downloading up to $50.00 worth of our products, at absolutely no charge. We would like to give you this opportunity to become more familiar with our content, our culture and our professionalism via our downloads.

 

First of all, please feel free to use the code to download whatever products you would like to have. Secondly, please feel free to forward the coupon code on to all of your industry associates to take advantage of the $50.00 gift.

 

 

Below you will find the $50.00 gift code that can be used to access up to $50.00 worth of our downloadable products. We know that our downloads will help you as shop owners build more profitable and successful businesses. We'd like to help as many people as we can, so please forward this gift on to all of your industry contacts.

 

If you have any questions, please let me know.

 

 

$50.00 Gift Code: Elite50

 

Redeem at: www.EliteWorldwideStore.com

 

 

Frank Scandura

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