Expert Advice: Growing or Selling Your Business
Whether you want to grow your business or sell your business, it’s wise to follow in the footsteps of shop owners who’ve gone where you’d like to go.
Working Designs: Bodyshop Layouts
More equipment and more space won’t automatically yield more profit. Productivity and profitability are just as much functions of managment as they are physical capacity.
Building Basics
Should you build a new facility? Before donning a hard hat and diving into construction, put on your thinking cap to determine if building new is for you.
Before You Build: Plan!
Shop owners have lost more money on new facilities in one day than they’ve earned in a lifetime. When designing and building your own facility, plan, plan and plan some more.
The Road Ahead
It doesn’t take a fortune teller to predict the future — the challenges awaiting shop owners aren’t a mystery. The mystery is whether or not shop owners will prepare for tomorrow’s challenges.
Going Head to Head: Changing your Thinking
If single-shop operators want to compete with consolidators and multiple-shop entities, they’re going to have to change their Mom-and-Pop mentality.
Balanced Budget
As more white collars enter the industry, shop owners need to become better business people by learning how to better manage their money.
Going Multiple
If you add facilities for the wrong reasons or without thoroughly understanding what you’re getting into, you may end up with multiple headaches instead of multiplied success.
Wanted: Bigger Phone Booth
Look, above the shop, it’s a franchiser … it’s a consolidator … no, it’s something in between. It’s a … what exactly is that thing?
Streamlining the Industry
Collision repair has been a fragmented and inefficient industry for years — but consolidators are hoping to change all that.