AutoShopOwner
APRIL 2, 2025
Between diagnosing complex engine issues to managing your mechanics and creating a five-star customer experience, theres often little time left to focus on your financials. Keep your business bank accounts and credit cards strictly for business transactions. Its no secret that time is limited as an auto repair shop owner.
Auto Service World
DECEMBER 19, 2024
A lot of banks aren’t going to give [that loan], Demarest said. The only shop that may be on the market may be one thats too successful. For example, say the shop is netting $1 million a year. With a top-end multiplier, that shop would be valued at $3 million. Do you have that cash?
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AutoShopOwner
JANUARY 29, 2025
Bank Statements Bank statements provide a record of all transactions that pass through your business bank accounts, including deposits, withdrawals, and electronic transfers. Remember to reconcile your bank statements regularly to ensure accuracy. sales invoices, purchase invoices, bank statements).
Shop Marketing Pros
APRIL 24, 2025
Whether its sponsoring a local sports team, supporting a food bank, or funding a scholarship, community involvement for auto repair shops is a powerful way to make an impact and build relationships. Instead of saying: “We donated $1,000 to the local food bank today. Lets be real. Giving back to your community feels good.
Auto Service World
JULY 8, 2025
Despite signs of broader economic deceleration, largely tied to ongoing global trade tensions, the Bank of Canada held its policy interest rate at 2.75% during its mid-April meeting. I’ve seen a growing number of companies formalize these evaluations into structured frameworks to manage risk and maintain their positioning.
AutoSuccess
MARCH 12, 2025
This process, while not new, has taken on renewed importance in the digital age, as banks and credit unions navigate the complexities of electronic asset management and seek to leverage their loan portfolios more effectively. These loans can represent a significant portion of a bank’s asset portfolio. Across the U.S.,
Auto Service World
JUNE 30, 2025
“We are regularly expanding our line of precision-engineered aftermarket kits and have coverage for almost 200 million vehicles on the road,” said Jerry Reeves, head of product management at Dayco, who added that the company is launching 60 part numbers this year alone. Watch the video here.
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