P&L, or Profit and Loss statements are an essential part of running an auto repair shop. Any business with so many moving parts needs detailed account records and tracking documents to 1) determine whether the operation is actually making any money, 2) find any gaps in cash flow or discover any unnecessary expenses and 3)
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Auto repair shops are cash intensive and usually have a lot of moving parts (pun intended!). From regulations and licensing fees, to local and state taxes for operation, to the sometimes complicated transactions between you and your customers, the economics of running an auto repair shop can get pretty complicated and hard to follow. However,
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One of the top priorities for new auto repair shop owners should be purchasing liability insurance for the business and for the employees. For example, you and your technicians are working automotive magic all day long in the shop, when one of them is hit with a loose bolt while working on an undercarriage. Or
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Though your business model may be simple, automotive repair shops are liable for a large variety of risks and often run into complicated legal arguments. Because there are so many regulations surrounding how and where auto repair shops are allowed to operate (aside from the usual business regulations and obligations), a top priority for the
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There are several regulations and restrictions that auto repair shop owners should consider before opening. While the US is one of the easiest places in the world to open a new business, there are some important steps to take and local laws to research, especially for occupations and services that involve heavy and dangerous equipment.
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Opening an auto repair shop takes more than a simple passion for mechanics. It takes research and careful planning to turn that passion into a viable business. Across all industries, aspiring business owners often run into technical hurdles and red tape that have very little to do with the actual product or service. In fact
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Auto Mechanics, Technicians and FLSA Overtime Pay Our last blog post spoke of when to hire and who to hire for your shop. This post will deal with the things you need to know from an “HR” or human resources perspective. Overtime Pay There have been countless wage and compensation claims and lawsuits within the
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Once your shop is off the ground and running, you will discover quickly that you alone can’t get everything done in a day. If you are reading this, you have probably found yourself in this situation. Naturally, you need the revenue to add staff, but if you can’t get everything done in a day and
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If you have worked at a technician for a shop, you probably have a good idea of what tools and equipment you will need to open a shop. But to save you time in research, we here at ProRevTech have compiled a typical “startup cost” list for you to include in your startup projections for
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So you’ve decided it’s time to stop being a technician and become the shop owner. Congratulations, and ProRevTech is here to help you on your journey. The first thing you are probably wondering about is getting customers to your new shop. And one of the easiest ways is to buy an existing shop with an
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What type of work do you love doing so much that you are willing to take the risk of owning your own repair shop? Second, are there any shops in your area that are already successfully providing that same service? If there are several shops in your area doing something similar to what you want
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It seems like it was just yesterday where you were working long hours in the shop, performing numerous repairs, wishing you were running the shop, and not greasing up your fingers every day. Anytime you saw your boss, the same thing went through your head: “I can do what he’s doing, only better.” You looked
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Can’t you just taste it? It’s 7:00 in the morning, and you’re standing in the customer lounge, brewing the first pot of coffee for the day. Nothing is unusual about that, you’ve been doing this same thing for years. While it is brewing, you turn and head into the shop. You unlock your toolbox and
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One company that is proving the carburetor – especially the Quadrajet – is still viable, is Jet Performance.
Click Here for the Full ArticleWhat we’ve learned will hopefully dispel many of the myths and old wives’ tales surrounding the spark plug.
Click Here for the Full ArticleFor a racer who is looking to gain every last edge, adjusting your fuel system setup to the elevation where you’ll be racing can help to ensure your success on the track.
Click Here for the Full ArticleCNC porting a head takes a job that may have taken weeks to do by hand in some cases, and turns it into just a few hours.
Click Here for the Full ArticleAFCO Racing products shares some must-know information on what causes cooling issues following head gasket failure.
Click Here for the Full ArticleWe send a set of dirty injectors to the injector experts to have them checked.
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