Business

Want to build your business by reaching customers through an exciting, visual medium? Videos may just be your answer. They can serve as the ideal medium to break through the clutter and help build your shop’s name and reputation in the community in a unique and visual manner.

You have thought about it long and hard and decided it may be time to open a second shop. Here are some things to consider: 97% of all new businesses fail within the first five years. There are two primary reasons that these businesses fail: Under Capitalization and Poor Management.

Almost every shop owner can recall what he/she paid for a
piece of capital equipment in his/her shop. Smart shop owners
can even tell what year of depreciation a piece of capital
equipment is in, and how much was claimed on the shop’s taxes. But, a recent rewriting of the tax code has changed this practice.

“Cash moves everything around me.” It’s a common thought for many automotive repair shop owners. Cash flow is one of the biggest and most important challenges many business people face, especially in the service business. Capital equipment payments and rent are both expensive, not to mention parts purchases and payroll.

Making appropriate decisions with young drivers of company vehicles can help prevent losses and protect company assets.

If you consider your employees to be your most important
business asset, then it would be short-sighted of you not to
insure them. Key-person life insurance policies help ensure continuity in a business after the loss of a partner or important employee and also offer valuable employee retention benefits.