RESOURCES
Would you like fries with that? Grow your profit!
I’m sure you’ve all heard this one line thousands of times at fast food counters, and that’s because McDonald’s doesn’t make their money on the burgers. See the burger at McDonald’s isn’t how they make their "profit margins", just like the oil change in your shop...
Handling the dreaded “can you do any better on price?” question…
Every service writer wants to do a great job and develop customer relationships, so they fear the question, “can you do a better price?”… Let’s breakdown what this question really means, either: The customer can’t afford your solution The customer doesn’t see value...
Every customer is special
If you treat customers special, they become special customers. For every small service, such as oil changes or changing from summers to winters, you have an opportunity to develop a new long term customer relationship. Ensure that your team and management speak highly...
Calculating your ideal labour rate
I just finished a Profit Maximizing webinar with a group of shop owners. Some great questions came up and I want to share one of my recommendations with you. The question was “how do I determine what to set my labour rate at?”. A profitable shop typically pay their...
Which point of sale, shop management and bookkeeping software is the best for your shop?
Now that shop owners have come up for air, I am finding many are asking me for recommendations on point of sale (POS) systems and bookkeeping software. It only makes sense for me to write down my thoughts on this and share it widely. There are a few key considerations...
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...
Leverage service writers time in December for a successful 2021!
As things quiet down in December, make use of the lull and gear up for success in the New Year; and I don't just mean by setting up an awesome tire Christmas tree, though it might be fun :). For my tire shop clients, we have a fun holiday “apres work” and learning...
Profit is NOT a dirty word!
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...
Value pricing for tire and automotive maintenance shops
On average, tire dealers are earning around 4% 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...
Request Free Financial Evaluation Of Your Shop
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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