Auto Repair Business Consulting Stockbridge GA

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Dionne Mahaffey
(404) 723-2534
Atlanta, GA
Coaching Types
Business, Entrepreneurship, Life
Rates
$100/Hr
Gender
Female
Certifications
PysD Candidate

Data Provided By:
Olatunde A. Awelewa (RFC®), MBA
(770) 909-0679
5191 River Walk Ct Apt B
Atlanta, GA
Qualifications
Education: BSC, MBA, MPA,RFC
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Business Coach

Data Provided By:
Mr. Maurice O. Miller (RFC®), CEP, MBA
(404) 298-0054
PO Box 1366
Stone Mountain, GA
Company
TM Financial Group, Inc/PBBIC Strategies
Qualifications
Education: BS, MBA
Years of Experience: 16
Membership
IARFC, NAPFA, NICEP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Business Coach, Charitable Foundations, Asset Protection, BuySell, LiabCover, Compensation Plans

Data Provided By:
Belinda Mays
(404) 931-6888
Atlanta, GA
Coaching Types
Entrepreneurship, Business, Life
Rates
$197/Hr
Gender
Female
Certifications
CPC

Data Provided By:
Dionne Mahaffey
(404) 723-2534
Atlanta, GA
Coaching Types
Business, Entrepreneurship, Life
Rates
$100/Hr
Gender
Female
Certifications
PysD Candidate

Data Provided By:
Mr. Scott A. Burrell (RFC®), CSA
(770) 719-1717
101 Devant St. Suite #503
Fayetteville, GA
Company
Pacific General Financial Services
Qualifications
Years of Experience: 26
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, Retirement Planning, Employee Benefits, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, LiabCover

Data Provided By:
Mr. Alfred Lee Dingler (RFC®), CHFC, CLU
(770) 471-8888
1205 Hwy 92 South
Fayetteville, GA
Company
Prime Financial Services
Qualifications
Education: BBA Georgia State University
Years of Experience: 26
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Retirement Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Business Coach, Charitable Planning, Education Plan, Healthcare Accounts, Asset Protection, BuySell, LiabCover, Compensation Plans

Data Provided By:
Chris Cooper
(404) 660-4912
Atlanta, GA
Coaching Types
Life, Business, Career
Gender
Male
Certifications
AMA, Dale Carnegie, Kepner Tregoe

Data Provided By:
Mrs. Cynthia Lee Nunnally (RFC®)
(706) 543-1219
P.O. Box 49427
Athens, GA
Company
Peachtree Planning Corporation
Qualifications
Education: Univeristy of GeorgiaBachelor of Science, Mathematics
Years of Experience: 19
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Asset Protection, BuySell, Compensation Plans

Data Provided By:
Brandon Johnson
(404) 997-3819
Snellville, GA
Coaching Types
Performance, Life, Business
Rates
$40/Hr
Certifications
14 years as a leader, manager of fortune 500 companys

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