Auto Repair Business Consulting Peoria AZ

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Ruth Epps CLC
(888) 878-5931
Glendale, AZ
Coaching Types
Relationship, Life, Business
Rates
$$75/hr or $100 up to 90 minutes/Hr
Gender
Female
Certifications
Certified Professional Life Coach

Data Provided By:
Lyle Johnson
(602) 938-7174
Phoenix, AZ
Coaching Types
Business, Entrepreneurship, Executive
Rates
$250/Hr
Gender
Male
Certifications
Success Mastery Coach, ICF Member

Data Provided By:
Neal Burgis
(602) 405-2540
Phoenix, AZ
Coaching Types
Health and Fitness, Leadership, Business
Rates
$150/Hr
Gender
Male
Certifications
Certified Professional Coach

Data Provided By:
Doug Hecker
(480) 951-4988
Scottsdale, AZ
Coaching Types
Business, Executive
Rates
$do not bill by the hour/Hr
Certifications
Certified Coach - Coach Training Alliance

Data Provided By:
Bethany Plaza
(480) 626-0063
Maricopa, AZ
Coaching Types
Business, Executive, Leadership
Rates
$65/Hr
Gender
Female
Certifications
Business and Executive Coach Certified by CEC (recognized by ICF)

Data Provided By:
Penny Parker
(602) 266-0120
Phoenix, AZ
Coaching Types
Life, Business, Relationship
Rates
$100/Hr
Gender
Female
Certifications
Certified Life & Business Coach

Data Provided By:
Mr. Paul F. Arutt (RFC®), MBA
(602) 424-9991
3550 N. Central Avenue, Suite 1100
Phoenix, AZ
Company
Heritage West Capital Corporation
Qualifications
Education: MBA, Finance, Columbia University, New YorkBA, Economics, University of Southern California, Los Angeles
Years of Experience: 29
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Stocks and Bonds, Mutual Funds, Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Group Insurance, Asset Protection, BuySell, LiabCover, Compensation Plans

Data Provided By:
Nicole Bandes
(623) 328-8918
Phoenix, AZ
Coaching Types
Life, Business, Career
Rates
$Varies, not more than 100/Hr
Gender
Female
Certifications
PsychK

Data Provided By:
Lyle Johnson
(602) 938-7174
Phoenix, AZ
Coaching Types
Business, Entrepreneurship, Executive
Rates
$250/Hr
Gender
Male
Certifications
Success Mastery Coach, ICF Member

Data Provided By:
Danny Creed
(602) 697-5949
Phoenix, AZ
Coaching Types
Business
Gender
Male

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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