Episode 62 – What Leadership in the Automotive Industry Looks Like With Dan Ryan
Many people who own automotive repair businesses started out as technicians. They may be excellent at repairing cars but they have no experience leading a team of people. As a result, they may not be aware of the various strategies that good leaders use to motivate and inspire their employees. And without proper guidance, business […]
Episode 61 – How a Financial Assessment Process Works Part 2: Know What Your Business is Worth
A couple of weeks ago, I shared with you the first of an eight-part series where I was invited as a guest for the Virtual U.S. Financial Advisors podcast. Basically, I gave the audience an idea of how I identify my client’s major wants, needs, and concerns through my financial assessment process. In this second […]
Valuable Insights From an Industry Disruptor with Frank Terlep
Several disruptive trends are affecting the auto repair industry today. With the rapid advances in automotive technology, the challenges it presents are poised to transform the industry for decades to come. So, the question arises, “how can an auto repair shop owner ensure their business survives and thrives in the future?” Frank Terlep, CEO […]
Episode 60 – What Collision Shop Owners Should Know About Employee Retention Credits (ERC) with Ray Roth
A lot of businesses all over the world have been hit hard by the pandemic and the collision industry is no exception. With a lot of us working from home, people were driving less and there has been a significant decrease in the number of car accidents. As a result, many shops were forced […]
Guiding Businesses Through a Seamless Exit with Laura Gay
The collision space is quite competitive. In order to succeed, capture the space and eventually lead it, you will need a set of carefully detailed plans. Most business owners aim for higher growth in the initial years with the intention to sell it later. Yet, strategizing for the sale of the business can be very […]
Episode 59 – How a Financial Assessment Process Works Part 1: Starting Off With a Written Continuity Plan
Recently, I was invited as a guest for the Virtual U.S. Financial Advisors podcast. The goal of this podcast is to help consumers have a better grasp of what financial advisors are for and understand the importance of having a trusted person to help them plan their finances. In this episode, I walked the […]
Misinformation & The Collision Industry – with Barrett Smith
It is often the common understanding that to run a business, you will need an ample amount of capital and the right people. However, the role of increased knowledge and well-researched information is seldom discussed. Misinformation and not knowing the trends in the current business space can impede your business’s growth. Result? The adjustments […]
Episode 58 – Understanding Threats to Collision Shops From an Insurance Perspective
Threats come in many forms when you’re a collision shop owner. There’s the threat of competition, the threat of a struggling economy, and the ever-present threat of natural disasters. But one of the most important threats to businesses is the possibility that the owners may one day need to transition out of their roles. […]
3 Things Business Owners Should Be Thinking Before 2023
The business space is constantly getting competitive. There is a tug of war between competitors. Consumers are more educated and aware, resources are becoming scarce, and the talent pool is harder to retain. Overall, the environment is chaotic. Between this noise is you…The business owner with a dream to grow and flourish the family business […]
Will Independent Collision Shops Thrive in the Future? – with Bob Miller
Collision shop owners are excellent technicians but are often less skilled as business owners. While there are a lot of resources for the technical side, there aren’t as many for the entrepreneurial side. With hybrid and electric vehicles and more sophisticated modern cars on the road, how can an independent collision repair shop owner […]