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Revving Up Financial Health: Adapting Dave Ramsey’s Steps to the Auto Repair Business

AutoFix

By Coach Chris Cotton Navigating auto repair shop finances can be as intricate as diagnosing an engine problem: you need the right tools, knowledge, and a solid plan to ensure everything runs smoothly. Auto Repair Shop Translation: Your shop needs its own emergency fund. My suggestion is: $5000.00.

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Importance of Precise Income Statements for Tax Season and Beyond

AutoFix

On one hand, they’re a roadmap of where you’ve been, giving you the data needed to push your auto repair shop to the next level. Far too often, auto shop owners muddy the waters by routing all their major purchases through the business. If you want to see that data, look in your shop management software system.

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The Numbers Don’t Lie: Track and Measure to Secure the Win

AutoFix

As an independent auto repair shop owner, the ultimate goal is to achieve true business success while maintaining an outstanding work/life balance. If you can accomplish that goal, you’ll end up with a business you’re proud to own and the ability to take time off without worrying about your shop.