End-of-Year Updates Every Auto Shop Owner Should Know
As the year winds down, it’s time to take stock of some important updates that could impact your auto repair shop. In episode 148 of the Business by the Numbers…
Forecasting Business Goals for 2025: A Step-By-Step Guide for the Automotive Industry
Setting ambitious yet achievable goals is like tuning up an engine—it ensures everything runs smoothly. For automotive industry entrepreneurs (aka Shop Owners), forecasting long-term business objectives isn’t just a visionary…
Cash vs. Accrual Accounting for Small Businesses and Automotive Shop Owners
Running an automotive repair shop is no small feat—amid managing inventory, satisfying customers, and growing your business, financial management often becomes an afterthought. But understanding your accounting methods, specifically cash…
Why Automotive Shops Should Use an Industry-Specific Accountant
Running a successful automotive repair shop is no walk in the park. From managing employees, ordering parts, and scheduling repairs to keeping customers happy, you’ve got a lot on your…
Using an LLC for Legal Protection: Tips from a CPA
Running a successful business involves more than balancing the books. Legal protection, especially for real estate or significant assets, is essential for minimizing risk and shielding personal wealth. CPA Hunt…
An Auto Shop Owner, An Auto Shop Coach and a CPA walk into a bar… and talk shop.
Buying an auto shop comes with unique challenges, and no one understands this better than Chris Cotton, the owner of Firestone of Durango and an experienced coach at Autofix Shop…
Buying vs. Moving: What Auto Repair Shop Owners Should Know About Real Estate Decisions
As an auto repair shop owner, deciding whether to buy your current building or move to a new location is one of the biggest financial decisions you’ll face. With soaring…
Understanding the Key Metrics for Auto Repair Shop Success: The 50/30/20 Profit Model
In the episode 139 of Business by the Numbers, Hunt Demarest, CPA with Paar Melis Associates, dives into the complexities of KPIs and the overwhelming nature of analyzing profit and…
How to Optimize Auto Repair Shop Productivity and Profitability with Chris Cotton
Running a successful auto repair shop requires balancing operational efficiency with customer service while maintaining strong profit margins. In this blog, we’ll discuss essential strategies for improving your shop’s productivity…
What Would the Tax Changes from Kamala Harris and Donald Trump Really Mean for Your Business?
As election cycles heat up, business owners often find themselves in the crosshairs of proposed tax reforms. In this episode of Business by the Numbers, Hunt Demarest, CPA, dives into…