Monthly Archives: February 2019

12 Things Your Auto Repair Shop Must Be Doing!

12 Things Your Auto Repair Shop Must Be Doing!

People ask me all the time What is the future of the industry? It’s great to be looking towards the future of the Auto Repair Industry but I see a majority of shops that aren’t doing things that are must do’s from 5 years ago.  The following list are things that I see successful Auto Repair Shops doing day in and day out. I also see a lot of unsuccessful Auto Repair Shops not doing these things. You may have programs that provide similar services to some of these. This list is what would be happening in my shop if I were to open one today and I am going to list the vendors by name that I would be using. Each one of these suggestions will make your shop a better Auto Repair Shop. Score yourself 1 point for each of those that you are doing and email me your score when you get done reading the article. [email protected] Put: Chris my score is: in the subject line. Feel free to ask me any other questions in that email as w ... read more

Auto Repair Shop Profit Margins

Auto Repair Shop Profit Margins

  One goal of any business is to increase its profit, but increased profit doesn’t always lead to increased profit margins. Whether running a tattoo shop or an auto repair shop, a business owner needs to understand the difference between profit and profit margin and realize which one serves you as a better measurement for understanding costs.   Profit is Total Revenue Minus Total Expenses This can help anyone better understand profit: sales-expenses=profit. This is a formula that is outdated and lazy, that we should be getting away from and is keeping you from being successful in your business. From now on I want you to think of Profit as: Sales-Profit=Expenses, but more on that later. For example, let's say an auto repair shop sells $500,000 worth of parts and labor a year and its total expenses to operate the store (rent, utilities, labor, advertising, licenses, merchandise etc.) totals $400,000. Take the $500,000 in revenue and subtract the $400,000 in expe ... read more

Are YOU Putting Profit FIRST in Your Business?

Are YOU Putting Profit FIRST in Your Business?

THE PROFIT FIRST DIFFERENTIATOR Chris Cotton utilizes the Profit First method of cash management. He is trained and certified by the Profit First Professionals organization to guide business owners and entrepreneurs in maximizing their profits. AutoFix is one of the select few coaching firms, nationwide, that has achieved certification in Profit First. What does this mean for you? In addition to Chris's coaching services, the Profit First method will guide you to greatly increase the profitability of your business. Of course, Chris will guide you through the business challenges you face, as you'd expect from any coach you hire. He will also address the most important factor for any business - maximizing your profits. Working in the auto repair industry in the United States for the last couple of decades, Chris has come to understand the needs of auto repair shop owners. As an auto repair shop consultant, he can help you work to me ... read more

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