Auto Repair Business Consulting Beaufort SC

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E G Sebastian
(843) 252-9966
Beaufort, SC
Coaching Types
Business, Leadership, Relationship
Rates
$550/Hr
Gender
Male
Certifications
CEC - Certified Empowerment Coach (through IPEC Coaching)

Data Provided By:
Mr. Robert L. Gardner (RFC®), CHFC, CLU, LUTCF
(843) 837-8562
1536 Fording Island Road, Suite 101
Hilton Head Island, SC
Company
Wealth Strategies Group
Qualifications
Education: CLU, ChFC, LUTCF
Years of Experience: 29
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Executive Compensation Planning, personal Coach, Retirement Planning, Seminars Work, Stocks and Bonds, Mutual Funds, CommOptions, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Business Coach, Charitable Planning, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided By:
Todd R. Rhine (RFC®), CFP, CHFC, CLU
(843) 682-4041
7 Finch Street
Hilton Head Island, SC
Company
Todd Rhine Planning
Qualifications
Education: BS
Years of Experience: 16
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Seminars Work, Employee Benefits, Family Offices, Stocks and Bonds, Mutual Funds, CommOptions, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Charitable Planning, Education Plan, Healthcare Accounts, Charitable Foundations, A

Data Provided By:
Mr. Richard L. Leverette (RFC®), LUTCF
(803) 309-3824
PO Box 389
Ballentine, SC
Company
Brokerage Consultants
Qualifications
Years of Experience: 36
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Medicaid Planning, Seminars Work, Employee Benefits, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided By:
E G Sebastian
(843) 252-9966
Beaufort, SC
Coaching Types
Business, Leadership, Relationship
Rates
$550/Hr
Gender
Male
Certifications
CEC - Certified Empowerment Coach (through IPEC Coaching)

Data Provided By:
Todd R. Rhine (RFC®), CFP, CHFC, CLU
(843) 682-4041
7 Finch Street
Hilton Head Island, SC
Company
Todd Rhine Planning
Qualifications
Education: BS
Years of Experience: 16
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Seminars Work, Employee Benefits, Family Offices, Stocks and Bonds, Mutual Funds, CommOptions, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Charitable Planning, Education Plan, Healthcare Accounts, Charitable Foundations, A

Data Provided By:
Sheena Prailleau
(803) 767-8688
Columbia, SC
Coaching Types
Life, Health and Fitness, Business
Rates
$65/Hr
Certifications
RN, MSN

Data Provided By:
David E. Moore (RFC®), LUTCF
803 613 9486 x-12
Talbert & Moore Business Center
North Augusta, SC
Company
Talbert & Moore Financial Group
Qualifications
Education: MDRT, RFC, CLTC, LUTCF
Years of Experience: 20
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Asset Protection, BuySell, LiabCover

Data Provided By:
Mr. John L. Cote (RFC®), CEP, CSA, MBA
(843) 467-2881
1200 48th Ave N Unit 102
Myrtle Beach, SC
Company
FinancialNsights, Inc.
Qualifications
Education: B.S. Accounting - Clemson University 1975M.B.A. Duke University - 1988
Years of Experience: 12
Membership
IARFC, MDRT, FPA, NICEP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Charitable Planning, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided By:
Antonina Geer
(864) 416-1372
Greer, SC
Coaching Types
Money and Finance, Business, Christian
Rates
$297/Hr
Gender
Female

Data Provided By:
Data Provided By:

Don't Overlook The Easy Dollars To Add To Your Bottom Line

Whether applied to our business or our daily lives, we can either use financial data to improve or make corrections that will change our financial future, or repeat history and continue with the same results.

As I began to review the profit and loss statements from last month, I was reminded of something I learned long ago. Financial data, although very useful, is just a snapshot of the past or history.

I’ve seen so many shop owners over the years have the right tools for the job, and they attend training to improve their technical skills, but when it comes to shop management, they look at the financials as if they were a foreign language. Taking control of some of the numbers can really affect the bottom line.

Breaking the Mold
In general, I think we’re all creatures of habit; we do certain things because they’ve ­become patterns. So while change may not always be easy, it’s necessary for a healthy business. I like to really dissect my fixed costs on an annual basis, in an attempt to make changes that will add dollars to the bottom line. For example, this past year, we changed carriers for both worker’s comp and liability insurance with a savings of almost $6,000.

For another example, we’ve been with the same credit card processing company for 10 years and, upon reviewing the costs, I’m in the process of switching to a company that should save us about $350 per month.

We also changed vendors on some of our shop supplies. We had been paying $23 per gallon for a specific product, and, by switching vendors, we are now buying a similar product for under $10 per gallon. With usage quantities in the five-to seven gallon per week range, this has resulted in a savings of more than $4,000 per year. Any time I can put $6,000 or $4,000 to the bottom line without bringing in a new job, I’m all for that!

These are just a few examples of ways to put more dollars to the bottom line without selling anything extra. They are “hidden” dollars that I would rather see on my bottom line than on someone else’s. With the daily challenges we all face with just trying to rebuild engines, we sometimes overlook these easy dollars.

Re-Evaluate Your Gross Profit Percentage
Another area most shop owners let fall between the cracks is gross profit on parts. Gross profit is the difference ­between revenue and the cost of the part before overhead. Here’s my ­philosophy on gross profits:

– Lower prices do not always equate to increased sales in the auto repair business; and

– Any sales resulting from lower prices will require you to sell more to maintain the same level of profitability.

Generally speaking, if you raised your gross profit on parts sales by 1%, it would require a 4% increase in sales to realize the same gain. Increasing sales is always a desirable scenario, but, in reality, we have more control over...

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Babcox Media • www.babcox.com
3550 Embassy Parkway
Akron, OH 44333
330-670-1234 • (FAX) 330-670-0874