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2015 Industry Profile
A statistical snapshot of the collision repair industry.
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Exit Strategies: Personal Vision & Financial Planning
The most critical first step in an exit or transition plan is to develop a financial plan and personal vision of what your life will look like post-business.
Jerry was a 63-year-old auto body shop owner who contacted me regarding putting together an exit strategy. Like most shop owners, he had become tired of the day-to-day grind of dealing with the back-and-forth fights with the insurance carriers, yet he still loved the idea of being a part of a business he built from the ground up. Ideally, he would have liked his production manager, Evan, to become his heir apparent, yet he had no idea if Evan was interested in owning the shop or if he was even capable of doing so. His shop was a prime candidate for a consolidator, and he had received an offer from one, yet he cared about his employees and wanted to make sure they were taken care of. Also, he was unsure what he would do with himself if he did not have a place to go. He did not know where to turn.
Collision Repairers: Will You Take the Oath?
Today’s collision repairers are challenged with a new set of concerns, one being the need to follow OEM repair procedures.
Three Generations Keep Trains Running on Time at CARSTAR Jacobus
CARSTAR Jacobus Founder Jerry Jacobus and son Dave share a passion for collision repair and also model railroading.
Auto Body Repair: The Right Way, the Wrong Way and Another Way
In a perfect world, every repairer would make the right decisions in every repair, but we don’t live in a perfect world.
The Digital Blitz
We talk so much about how much collision repair is changing, but so is the world of media!
Other Posts
Auto Body Shops: Building a Foundation for the New Year
For the new year, it’s important to conduct a thorough audit of your finances to look for areas of opportunity and things to change.
Auto Body Consolidation Update: There’s a New Buyer in Town
The good news for shops that want to sell but do not fit a consolidator’s
profile is that there is a fresh pool of new buyers.
Is Your Auto Body Shop a Hobby … or a Business?
So you want to provide safe and properly repair vehicles to your customers … even at a financial loss?
BodyShop Business 2023 Executives of the Year
Greg Solesbee was named the Single-Shop Executive of the Year, and Charlie Drake was named the Multi-Shop Executive of the Year.
