Painting Your Way to More Profits
If you’ve never truly evaluated your paint department, you may be surprised by what you find — excessive paint and material waste, poorly utilized space or even material theft. To determine whether you’re getting the most out of your paint shop, use these three key performance indicators.
United We Stand: On September 11th, the United States Stood Up
“Only through peril and great upheavals can a Nation be brought to further development. May the present upheaval lead to a better world.” — Albert Einstein
A Big City Small Business
Gold Coast Auto Body, Chicago, IL.
Never Lose Sight of the Goal
Giving away business? In today’s competitive and consolidating marketplace, how could such a thing happen?
Think Inside the Box: Reparing Interior Parts
Repairing interior parts is a largely untapped business…and a great source for additional income.
Keep the Cash Flowing
Profitability and cash flow aren’t the same thing: You may have a backlog of profitable jobs scheduled, but no money to pay the bills. How do you overcome this? Learn to manage three things: owner’s extras, accounts receivable and accounts payable.
What to Do With Sagging Sales
In May, we examined how insufficient volume can put you in the red. But volume is only half the problem. Insufficient production also poses a serious threat to your shop’s sales. Luckily, it’s all fixable.
Log On to Learn: Internet/satellite Training
Technology is making training for collision repairers easier, faster and cheaper than ever before.
Restyle Your Business: Offering Restyle Products
In 1999, retail sales of specialty equipment products totaled $23.24 billion. You can funnel some of that cash into your own pocket by offering restyle products – from fender flares to floor mats to grille guards – in addition to the collision work you do now.
Stop! In the Name of Estoppel
Ever been told by an adjuster after you’ve agreed on a price for a job and begun repairs that, “We made a mistake, and this isn’t covered – so we’re stopping payment on your check”? Did you respond back that the insurance company is estopped from doing that? If not, you should probably read this article.