So how does your Collision Repair business stack up financially or managerially against other facilities in the industry or even locally? Last issue of Autobody News I discussed the value of Benchmarking and alluded to how you could use that information to:
With my apologies to Bill O'Reilly, let me welcome you to the All Spin Zone, where nothing exists but message manipulation. The idea is to get you thinking it's nighttime when the sun is shining; Tuesday when the calendar says Wednesday.
Bill Willix had a funny notion back in 1989. The former parts salesman had seen firsthand how much electronics had revolutionized the automotive repair industry. Technicians who could build distributors from a few scraps of plastic and old newspapers froze when they saw a computer chip.
Employees are filing lawsuits against employers and supervisors in record numbers, alleging damages in excess of workers' compensation insurance for personal injuries.
As the end of the year rapidly approaches and people take time to evaluate their personal and financial situations, these are words to take to heart. Many of the salvage yards and repair facilities that I talk to are complaining that business is flat or down. The economy is having a tough time getting going and business has been better, but it has also been worse. One of the problems that I see is that people have difficulty shrinking their overhead to match the current sales volume of their business.
"Community requires commitment." When I read this quote recently, I was struck head-on with the irony of how this applies to our business. How often do we make a commitment and actually follow through with it? Pure excitement persuades our signature to the dotted line, promising commitment, but follow-through is often lacking.
If you've ever been to one of those Body Shop Management seminars, you've probably seen the math: Sale - Cost = Profit. The speaker probably made a big deal out of it Those guys all act so smart explaining something so simple. Big deal.
Like a lot of people, I know enough about the current computer technologies to break things and call someone who knows what to do to fix it for me. That is a major handicap to overcome in today's world where everyone is striving to go electronic for locating parts.
Following are excerpts from a book that the author says will be published this summer: "Wrecked!" - a "tell-all" book about the collision industry. The author promises the book will explore innovative solutions and alternatives for shop owners to consider as a means of improving their probability for financial success.
The news is not good. Total loss rates have more than doubled since 2002 and are continuing to rise. This translates into hundreds of millions of dollars in repairs and revenues that are no longer going to the collision repair industry in this country.
My beloved Steelers have won the Super Bowl and, on a personal front, all seems right with the world. However, a number of articles concerning the disposition of flood cars from Hurricane Katrina are causing me some concern.
I had what I thought was a small project, but it turned out to be harder than expected. Tom Foster is a buddy and a serious bike builder who’s been around for a couple of decades. He’s got a bike called an EVO HD Bushido that he’s building, and he came to me do the body and paint work.