Auto Repair Business Consulting Miami FL

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Mr. John F. Lopez (RFC®), MBA
(305) 448-5550
2100 Ponce De Leon Boulevard
Coral Gables, FL
Company
Stewards of Capital, LLC.
Qualifications
Education: B.S./M.B.A. Finance
Years of Experience: 10
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Retirement Planning, Tax Planning, Stocks and Bonds, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Auto Home Insurance, Business Coach, Charitable Planning, Education Plan, Asset Protection, BuySell, LiabCover, Compensation Plans

Data Provided By:
Daniel J. Bellina (RFC®), CSA, RFP
(305) 234-0003
14248 SW 158 Path
Miami, FL
Company
Strategic Investment Services
Qualifications
Education: Taught at University of Miami,Dade County Public Schools. Military servce from 1971-1992 Airborne
Years of Experience: 34
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, 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

Data Provided By:
Dr. David S. Wimberly (RFC®), CHFC, CLU, CPA, MBA, RFP
(850) 219-5750
6811 Donerail Trail
Tallahassee, FL
Qualifications
Education: B.S. Florida State University 1973;M.Acc. Florida State University 1975;M.S., University of Florida 2008;
Years of Experience: 36
Membership
IARFC, AICPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Tax Returns, Family Offices, Collectable Coins , Precious Metals, Life Insurance, Business Coach, Charitable Planning, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided By:
Jaime Yordan-Frau
(954) 435-8435
Hollywood, FL
Coaching Types
Executive, Business, Career
Rates
$200/Hr
Gender
Male
Certifications
C.P.C., ELI-MP

Data Provided By:
Robert G. Thornton (RFC®), CEP, CSA
(386) 774-5610
P.O. Box 530730
Debary, FL
Company
Robert G. Thornton, P.A.
Qualifications
Education: BS Aerospace EngineeringCertified Estate PlannerLicensed Real Estate BrokerLicensed Life, Health and Annuity Broker
Years of Experience: 15
Membership
IARFC, NICEP
Services
Invoice, Estate Planning, Business Planning, personal Coach, Seminars Work, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Business Coach, Compensation Plans

Data Provided By:
Merlyn Sanchez
(305) 851-5753
Miami, FL
Coaching Types
Business

Data Provided By:
Jaime Yordan-Frau
(954) 435-8435
Hollywood, FL
Coaching Types
Executive, Business, Career
Rates
$200/Hr
Gender
Male
Certifications
C.P.C., ELI-MP

Data Provided By:
Mr. Barry L. Dayley (RFC®), CFP
561 472 2000 ext. 85050
11440 North Jog Road
Palm Beach Gardens, FL
Company
Money Concepts International, Inc.
Qualifications
Education: BS - Financial & Estate Planning - Brigham Young University - 1980
Years of Experience: 29
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Seminars Work, Stocks and Bonds, Mutual Funds, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Education Plan, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided By:
Ursula Evans
(407) 516-1423
Kissimmee, FL
Coaching Types
Relationship, Business, Life
Rates
$75/Hr
Gender
Female

Data Provided By:
Ron Cocquyt
(586) 246-4503
West Palm Beach, FL
Coaching Types
Business, Entrepreneurship, Executive
Rates
$125/Hr
Gender
Male
Certifications
American Consultants League

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