Auto Repair Business Consulting Kent WA

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Ilana Diallo
(206) 830-0363
Federal Way, WA
Coaching Types
Business, Money and Finance, Entrepreneurship
Rates
$25/Hr

Data Provided By:
Mr. Perry L. Smith (RFC®), CHFC, CLU
(425) 462-2072
800 Bellevue Way N.E. #400
Bellevue, WA
Company
Perry L. Smith Consulting, LLC
Qualifications
Education: Gonzaga U 1968-1970Eastern Wash U 1970-1972-BA American College-CLU-1982American College-ChFC-1989 NASD S7,S63,S24 - 1985RFC -1985Real Estate 1990Wealth Preservation Institute-CWAP & CAPP-2006 Golden Gate University -GGU - MS (Tax)
Years of Experience: 33
Membership
IARFC, FPA, SFSP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Charitable Planning, Healthcare Accounts, Charitable Foundations, Asset Protectio

Data Provided By:
Lauren Owen
(206) 427-2856
Seattle, WA
Coaching Types
Business, Leadership, Team
Rates
$Varies depending on project/Hr
Gender
Female
Certifications
Marshall Goldsmith Stakeholder Centered Certified Coach

Data Provided By:
Mr. Warren B. Stickney (RFC®), LUTCF
(425) 462-6335
2050 112 Ave., NE 210
Bellevue, WA
Company
Stickney Research
Qualifications
Education: College and GraduateTax Summit annual Estate Planning Conference, The Strategic Coach, The Aspen Institute
Years of Experience: 24
Membership
IARFC, MDRT, Bar, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Family Offices, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Business Coach, Charitable Planning, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided By:
Sherra Grasser
(425) 343-7861
Lynnwood, WA
Coaching Types
Life, Relationship, Business
Rates
$75/Hr
Gender
Female

Data Provided By:
Mr. Warren B. Stickney (RFC®), LUTCF
(425) 462-6335
2050 112 Ave., NE 210
Bellevue, WA
Company
Stickney Research
Qualifications
Education: College and GraduateTax Summit annual Estate Planning Conference, The Strategic Coach, The Aspen Institute
Years of Experience: 24
Membership
IARFC, MDRT, Bar, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Family Offices, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Business Coach, Charitable Planning, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided By:
Meisha Rouser
(360) 265-9628
Seattle, WA
Coaching Types
Life, Business, Executive
Rates
$100 - 150/Hr
Gender
Female
Certifications
CPCC
Membership Organizations
ACC

Data Provided By:
Heather Rouge
(206) 778-7114
Seattle, WA
Coaching Types
Life, Business, Entrepreneurship
Rates
$100/Hr
Certifications
Cretrified through Coaching from Spirit Institute and Seattle Life Coach Training

Data Provided By:
Deah Curry PhD CPC
(425) 814-9083
Kirkland, WA
Coaching Types
Business, Spirituality
Rates
$save $$ / rates to fit your budget / starting at 30 min for 85/Hr
Gender
Female
Certifications
Get Clients Now coach, personal growth intuitive

Data Provided By:
Heather Rouge
(206) 778-7114
Seattle, WA
Coaching Types
Life, Business, Entrepreneurship
Rates
$100/Hr
Certifications
Cretrified through Coaching from Spirit Institute and Seattle Life Coach Training

Data Provided By:
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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