Examining year-end financial decisions for your shop
Tschanen Brandyberry, special projects editor for the UBM Americas Automotive Group, wrote a blog, “Close out your auto repair shop’s financials the right way.”
As the end of the year approaches, auto repair and collision shops, and auto parts sellers should review the year and begin financial planning for 2017. While keeping a close eye on the numbers part of the business is a recommended practice throughout the year, that doesn’t always happen.
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Meeting your Key Performance Indicators (KPIs) obviously is important to you as a repair or collision shop owner or manager. But do your employees recognize the importance? Download our free whitepaper on Standard Operating Procedures. |
Many repair shop owners are former technicians and tend to focus on the bays where they have a high comfort level. But business is a different animal because they are not as familiar with it. Some say they don’t have time to get proper training to operate a business efficiently.
Click here to see tips on expenses, inventory, proper goals and marketing to consider when making decisions about your shop’s finances.
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