Sales & Profits Down? Time to Revisit the Basics!

Even though we are slowly coming out of the shutdowns caused by COVID-19, most shops today report that car counts are still down, which can make times feel tough.  Shops that maintain or increase their sales and profits in tough economic times all have one thing in common:  they understand and monitor the basics of

The Value of Your Peer Relationships

Almost all of us in the automotive industry have experienced some level of upheaval during the Coronavirus pandemic, and we can expect this uncertainty to continue in the economy for a while longer.  During this time, we have been looking for stability and ways to get through this situation. We have found that our members

Difficult Times are Opportunities

What do you need to do if you’re struggling financially?  Adapt and change.  Here are a few thoughts for consideration. Evaluate how cash leaves and enters your company.  Can you cut some outgo or speed up some inflow?  You need to watch cash because those who have it will win.  Cash flow is a critical

Grow Your Business by Adding Locations Part Three

This is part three of an article addressing some success strategies for opening a second location. The first part included creating a business plan and choosing a location. The second part started to delve into more specifics regarding acquiring and evaluating existing turnkey operations. Today, we will finish addressing those specifics. Click here for Part