Car Care Council Women’s Board To Award Record Amount For 2014 Scholarship Program

The Car Care Council Women's Board (WB) raised more than $4,500 in its silent auction during the 2014 Women's Board winter meeting, held Feb. 4-5 at the Renaissance Charleston in Charleston, S.C. Items for the auction were donated by WB associate companies and aftermarket supporters, and all proceeds will go to the WB scholarship fund, allowing the WB to award a record number of scholarships in 2014.

The Car Care Council Women’s Board (WB) raised more than $4,500 in its silent auction during the 2014 Women’s Board winter meeting, held Feb. 4-5 at the Renaissance Charleston in Charleston, S.C. Items for the auction were donated by WB associate companies and aftermarket supporters, and all proceeds will go to the WB scholarship fund, allowing the WB to award a record number of scholarships in 2014.

The Women’s Board will be giving away seven scholarships to female students studying to enter the auto care industry — four to postsecondary students and three to high school students. The Becky Babcox Women’s Board scholarship recipient, a postsecondary student, will receive $5,000, and a trip to the Automotive Aftermarket Products Expo (AAPEX) in Las Vegas, Nev. The WB will administer the 2014 Continental Female Leadership Scholarship, awarding $5,000 to an additional postsecondary student. Two other postsecondary students will receive $4,000 and $3,000, respectively. The top high school senior recipient will receive $3,000, and two others will receive $2,000 each. Winners of all scholarships are selected by representatives of the WB and will be announced in May.

“Thanks to our partnership with Continental’s Commercial Vehicles & Aftermarket business unit and our second successful silent auction, we will be able to give away $24,000 in scholarship money in 2014,” said Amy Mattinat, Auto Craftsmen Ltd., WB president. “We are very excited to be able to offer both financial support and career mentoring for women pursuing their profession in the auto care industry.”

Other highlights of the day and a half WB meeting included a distributor panel, a workshop on personal branding for business and life, a presentation on polarity thinking for leadership skills, along with networking opportunities and committee meetings. The 43 attendees also received .6 CEU credits.

For more information on the Women’s Board and to join, visit www.carcare.org/womens-board. For more information on the Women’s Board scholarship fund, click here or email [email protected].

Students can apply online for a WB scholarship at www.automotivescholarships.com/WB.

When Your Shop Is Worth Much More Than You Thought

Although every sale of a shop in which I am involved has its own unique set of circumstances, which makes my job both very interesting and very challenging, Cowden Automotive stands out as particularly memorable because I was able to demonstrate to the long-time owner, Paul Cowden, that his business was worth about three times what he had initially thought.

Case Study: Owner of San Francisco-based Import Service Shop Delighted to Discover Just How Valuable His Business is to Qualified Buyers
I sometimes share case studies of the clients I have been able to assist in my role as an aftermarket business broker and provider of intermediary and advisory services. I do that when I think the story will provide a reader in similar circumstances with new insights or helpful information.
In the case of Cowden Automotive, Inc., I acted in a consulting capacity assisting the owner and his broker in valuing the business, creating a marketing plan, finding a qualified buyer, and arranging financing for the sale.
Although every sale of a shop in which I am involved has its own unique set of circumstances, which makes my job both very interesting and very challenging, Cowden Automotive stands out as particularly memorable because I was able to demonstrate to the long-time owner, Paul Cowden, that his business was worth about three times what he had initially thought.
Needless to say, delivering that kind of good news to a shop owner is a rewarding experience. Discovering that the sale of his business would result in his retirement nest-egg being substantially larger than he had ever thought was a fitting tribute to someone who had spent his entire working career as a busy automotive service shop owner.

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