This episode of Kaizen Time, part of the Blood, Sweat, and Business podcast, addresses a significant yet often overlooked financial challenge faced by small business owners, specifically those in the auto repair industry: profit leakage due to untracked parts. The discussion explores how neglecting to properly account for parts used in repairs can lead to substantial financial losses, far exceeding the initial cost of the missing items. Experts delve into various solutions, ranging from improving internal accounting processes and manual audits to leveraging specialized software, emphasizing the importance of proactive inventory management and accurate data entry within CRM systems. This episode provides valuable financial advice and actionable solutions for small business owners seeking to optimize their accounting services and enhance their bottom line by preventing these types of losses.
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🎙️ Kaizen Time is part of the Blood, Sweat & Business podcast series by Kaizen CPAs + Advisors. We help small business owners make smarter financial decisions—without the fluff.
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