RESOURCES
Planning for profit in 2021
Planning for profit in 2021 While Tire shops experience a drastic decline in business come January there is an opportunity to make very good use of this time. Reflecting on your previous years’ performance is one of them. This is the foundation of a forecast for your...
Profit is NOT a dirty word!
I was on the phone with my father in law yesterday talking about the importance of a Product Pricing Matrix (PPM) and accelerated profit margin % on low cost items (I digress…more on this topic in a later post 😉). We are so on the same page when it comes to the...
Value pricing for tire and automotive maintenance shops
On average, tire dealers are earning around 3% net profit and many times they don’t realize their true net profit until many months after the close of their year-end. I used to be dismayed, but not surprised, when a client would ask me in the meeting to present their...
Break-Even Basics
Break-Even Basics Break-even means your net earnings are exactly zero, you haven’t earned a profit or had any loss. Knowing this figure, the fixed costs for the business just to keep the doors open and everyone employed, allows you to calculate your minimum...
How to maximize profit margins
How to maximize profit margins First things first, your service advisors must believe in the value they deliver to customers. When your team knows the importance of recommending appropriate repairs and services, then they feel good about their role in helping...
Find extra cash in your shop.
FIND EXTRA CASH IN YOUR SHOP Going into the busiest quarter for tire shops means an opportunity to do some planning that can deliver more cash to your bottom line. I always start with the low hanging fruit and typically that involves setting up rules in the existing...
Sell your auto shop, keep more of the profits.
Sell your auto shop, keep more of the profits You’ve invested so much into your shop over the years. Now it’s time for that hard work to pay off.You’ve built up your business. You’ve devoted your energies to staying on top of automotive innovations, creating a strong...
Ensure your shop succeeds. Focus on profit.
ENSURE YOUR SHOP SUCCEEDS. FOCUS ON PROFIT. Being an entrepreneur takes courage and deciding to open your own shop is no easy feat. The repair shop industry is complex, requires an understanding of mechanics, financial information, parts inventory, and labour...
How management software can really help your business
HOW MANAGEMENT SOFTWARE CAN REALLY HELP YOUR BUSINESS Make your Automotive Repair Shop Management Software Work for You At PDC Accounting Evolved, we have many automotive small-business clients that we see only once a year. They tend to rely on our year-end meeting to...
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- Services and product mix goals
- Gross profit margin % (points) targets
- Payroll as a percent of gross profit and more
- Understanding the end destination is the foundation of a successful journey!
Our main office is located in British Columbia, but we work with clients across Canada
In the “old days”, we would require clients to gather their paperwork and we'd come to their offices to collect them. Now we remotely access your computers allowing us to check-in, assist and tweak whenever you need us to; we do this all the time and clients prefer this process because we can get exactly what we need without making more work for you.
If you want to work less in your business and focus on working on your business to make it more profitable, easier to run, and positioned for a sale, contact us and see how our team can change your life.
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1593 Ellis St,
Kelowna, BC,
V1Y 2A7
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