Has the Coronavirus (COVID-19) impacted your auto shop business? If it hasn't yet, it has the potential to do so soon. Please share what you are currently doing, how your business is impacted, what plans you have in place, etc.
Some things to consider:
Do you have a plan in place should you or one of your employees become ill? With school, event, and business closures, how will this affect your shop? Are you sending anything to your customers in terms of sharing your plans around keeping your customer and employees healthy and doing your part in your community? Many small and large businesses have been sending email communications to their customers. Are you marketing to your customers in terms of not delaying car repair, should there be a need to temporarily close? Are your parts suppliers sharing their plans, should the pandemic affect supply chains? Are you stocking up on business and shop necessities? Please share your experience in this topic and stay healthy!
In the media:
The coronavirus and its growing tally of sick and dead victims around the world have been roiling financial markets, prompting countless hand-washing reminders and ruining more than a few vacations, and that’s before anyone knows exactly how widespread the effect will be on the automotive industry, including your local repair shop. Source
“By mid-March, the shortage of supplies will be felt and members are projecting they’ll experience disruption through May or June,” even if operations in China soon get back to normal, said Stacey Miller, senior director of communications at the Auto Care Association, a trade group representing 150,000 auto aftermarket and service businesses. Source
By Mark Johnson
Are you a Iowa shop owner? If you have been affected by COVID-19, have 2-25 employees and have a location in the state you can get a grant of between $5,000 and $25,000 from the Iowa Small Business Relief Grant Program. (If you are not from Iowa please tell friend from the state) YOU MUST APPLY NOW! (Deadline is March 31, 2020) So what information do you need? A LOT! ● Most recent Income Statement ● Revenue Loss Analysis ● Most recent Balance Sheet ● Payroll Schedule And Analysis ● Funds utilization report ● Fill out All Paperwork You need to apply now because applications close March 31, 2020. This is FREE money, don't let it pass.
We are currently helping business owners to access this grant. For more info please call us at 1954-324-0803 or book an appointment at https://calendly.com/markjohnsontaxplanner/45min
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THIS IS DIFFERENT
I know, I know.
Yet ANOTHER message about the Coronavirus.
But this one's different. Let's get to work.
Here’s What I know:
1. What's going to happen: Things are going to get weird. Then they will get better.
It's a new virus. It's contagious. It gets people really sick. A small percentage of those people die. That sucks.
2. What is "everybody" going to do?
People are going to continue to panic and then they'll stop.
They're going to panic for two reasons.
First, because this is a new virus and it's pretty nasty and that's pretty scary.
Second, because of the media ...specifically social media.
It's full of anecdotal "reports" ...and light on facts.We humans like to pass on "information" without checking it out.
And traditional media (the news) gets paid for viewership ...and nothing drives viewership like FEAR.
In my opinion, World Health Organization is probably the best place to get your info about this situation.
3. What this means for Your Repair Shop: The best answer I can give you here is ...IT DEPENDS.
The best advice I can give you is actually a quote from one of my long time mentors, Mr. Jim Rohn.
Mr. Rohn once said… (this isn’t a direct quote, but you’ll get the gist of it)...
“You can not change the direction of the winds.
You can change the setting of your sails.”
Are you going to spend your time browsing social media, watching the news all day, and talking back and forth with people about this situation?
Or are you going to FOCUS on business?
I'd suggest you focus on business, avoid crowds, and wash your hands.
If you step up and LEAD them, you'll stand out. (And it's good Karma.)
Think about it this way.
Most of your competition will be following the herd and doing the whole "let's sit around and talk about the corona virus ...while simultaneously browsing social media and reading stuff about the coronavirus...while simultaneously watching the news for updates on the coronavirus thing.
That means they're NOT promoting. They're NOT in front of the market. They're NOT in the game.
What I'm doing personally:
1. Avoiding large crowds, washing my hands, and keeping my immune system strong.
2. Not paying attention to anyone other than non-biased expert health organizations.
That means no social media.No news media. Just the facts.
3, I’ve got new free training being released in the next couple of weeks. Stay tuned and I’ll keep you posted.
If you have any specific questions or need some help right now - it’s 100% totally free to talk to me about your specific problem. Just AskTheCarCountFixer.com
Stay safe - Talk soon!
“The Car Count Fixer”
P.S.: You could take this FREE TRAINING: How to Double Your Car Count in 89 Days. Over 2 hours and 20 minutes of video on demand.
P.P.S.: Join me on YouTube at Car Count Hackers! FREE Help to grow your Car Count, Income and Profit!
P.P.P.S.: Like and Follow Car Count Hackers on Facebook
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Help i need shop keepers insurance now. I have no claims in the last 3 year and 1 for $400 5 years ago. We went thru a rough time and paid the premium on the last day of when they sent notce. They won't renew .on going through Keller Stonehenge for pen n national .I have a 2 bay shop for over 10 years what a shock
By Biff Tannon
I am a mobile mechanic currently with safeco, but my local agent quit using them because their prices went up substantially.
I need some recommendations on learning more about garage keepers insurance. Like basically where to start, how to shop for it, any information would be helpful.
To give you a little background on where I am coming from: My brother and I are taking over the business, our father is 69 and is working his way into retirement. He has done a great job on teaching us how to run a shop, we are both very good service managers, however we have little experience on the business end of things. The reason that I am so interested in insurance is at the end of last year we were dropped by our underwriter, not for too many claims, just because, well I don't really know why. I think it had more to with the insurance company and the direction they were heading. Anyway our insurance guy scrambled to get us insurance at the 11th hour and needless to say we are paying out the nose.
We have 2 locations and do general automotive repair. The kicker is, we also have 2-3 service trucks and do on site tire repair for semi and construction tires. Yes, I know, there is my expensive insurance issue. However we have never paid this much before and I think part of it is who we are dealing with.
With all that being said I am trying to be proactive and learn as much as I can, so that maybe when it is time to renew we can get this expense a little more inline.
Any help and suggestions would be greatly appreciated.
I'm looking at renting a location to open a new shop and the owners are asking me to carry 2 million general aggregate, 1 million per occurence. 100,000 fire damage liability and 5000 medical.
In speaking to a few agent they seem to think it's a bit high.
Can ya'll post what you typically carry on your shop?
I am planning a soft opening in mid to late January and have started looking for insurance quotes. I did not realize how difficult this may end up being. I have only spoken with two offices so far. The first could not cover a new venture(without previous experience) and the other wants all the info of all the employees up front before they can quote(we are hiring one mechanic and do not have that info yet). I understand cost will be higher fora new business but am having a hard time budgeting for this expense. I know there are many factors involved but if anyone that has started in the recent path could shed some light on this topic I would appreciate it. I did search here and did not find alot but online i found quite a few quotes for detail shops that seemed very reasonable(under 200/month). In my business plan I budgeted for $900 for Liability and Garage keepers.
any advice is always appreciated.