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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. Let’s break down Ramsey’s seven-step system and tailor it to the unique needs and challenges of auto repair shop owners.

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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. To do that, you need to closely monitor all the numbers linked to your auto repair shop’s performance. The numbers don’t lie, after all. Ready to see how that works?

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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. Many auto repair shop owners use QuickBooks , but FreshBooks is another great option.

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How Networking Can Directly Increase Your Profits

DRIVE

By cutting back in areas that you may not realize are draining your bank account is an easy way to increase your take home pay. DRIVE is the leading management training and software company in North America. Bob says, “We found a great solution when I reached out to a fellow shop owner, we still use his recommendation.”

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Understanding Engine Control Module Trouble Codes

Wayne's Automotive Center

The software will likewise tell your Wayne’s Automotive Center specialist what made the issue and how to diagnose it for sure. The ECM will provide a report in the form of a “trouble code.” ” Wayne’s technician can take the ECM code and discover what it indicates.