Listen

Description

Thanks to our Partners, NAPA TRACS, Auto-Fix Auto Shop Coaching, and Today's Class Anders Gustafson explores the complexities of managing an automotive repair shop, focusing on the critical role of data and financial models. He emphasizes the importance of understanding numbers, pricing strategies, and customer experience for business success. The discussion highlights the need for shop owners to view their operations as financial models, not just repair centers, and to adopt an entrepreneurial mindset. Anders Gustafson, ShopLevers Show Notes

• Watch Full Video Episode
• Importance of Numbers in Business (00:03:03)
• Understanding the 'Why' (00:03:40)
• Motivation for Entering Automotive (00:04:49)
• Distinction Between Product and Business (00:05:32)
• Customer Experience as a Priority (00:06:44)
• Understanding Financial Models (00:08:02)
• Linking Goals to Actions (00:10:23)
• Identifying Key Metrics (00:12:11)
• Pricing Challenges (00:10:07)
• Push vs. Pull Concept (00:14:29)
• Revenue Problems Analysis (00:15:31)
• Conclusion on Data Utilization (00:16:30)
• Coaching and Discovery in Business (00:19:39)
• Creating Action Plans for Clients (00:20:19)
• Understanding Customer Experience (00:21:24)
• Flat Rate Pay Discussion (00:23:17)
• Entrepreneurship vs. Shop Ownership (00:24:18)
• Lessons from Selling a Business (00:27:24)
• Decision-Making Towards Business Success (00:29:33)
• Creating Incentive Plans for Employees (00:32:30)
• Combination of Individual and Team Incentives (00:34:31)

Thanks to our Partner, NAPA TRACS NAPA TRACS will move your shop into the SMS fast lane with onsite training and six days a week of support and local representation. Find NAPA TRACS on the Web at http://napatracs.com/ Thanks to our Partner, Auto-Fix Auto Shop Coaching Proven Auto Shop Coaching with Results. Over 61 Million in ROI with an Average ROI of 9x. Find Coach Chris Cotton at AutoFix Auto Shop Coaching on the Web at https://autoshopcoaching.com/ Thanks to our Partner, Today's Class Optimize training with Today's Class: In just 5 minutes daily, boost knowledge retention and improve team performance. Find Today's Class on the web at https://www.todaysclass.com/ Connect with the Podcast: -The Aftermarket Radio Network: