The Secrets of the Top 1% Auto Shops
Do you wonder how top shop owners built the business of their dreams? It takes a lot to make it to the top. If you find yourself stuck in a rut of working 12-hour days, tackling bookkeeping, and staying up until 11 p.m. doing payroll, read on. You’ll find out how automotive repair software can shoulder some of that work.
Check out this webinar with Greg Bunch, Chief Officer at Transformers Institute, and Frank Scandura, President of Frank’s European Service.
First, we share how to get out of the grind of operating your business and see it as a vehicle to achieving your dreams. You can count on shop management software to help you escape.
Today’s Challenges
Auto shop management looks nothing like it used to. With technician shortages hindering business growth and the EV wave worrying shop owners about the future of the independent auto repair industry, growth comes with challenges. But you don’t have to drown under the wave; you can surf it instead.
While technology, aging out owners, strict zoning, and technician shortages will drive some folks out, it creates a massive opportunity for others. The shop owners who have the necessary resources in place will make it to the next level. There are two steps you’ll definitely want to take.
1. Develop a Definite Chief Aim
It all starts by knowing what you have a burning desire to achieve. Make a ‘Definite Chief Aim’ – a statement of a goal you want to achieve.
“By X date, I will have X (measurable result). In return, I will give the most efficient service of which I am capable, delivering the fullest possible quantity, and the best possible quality of X. I believe that I will have this result. Then, I will create a plan by which to achieve my desired result and will follow that plan.”
When it comes to reaching your goal, you cannot just wing it and you can’t go it alone. Tapping into analytics within your automotive repair software can help you stay on track.
2. Mingle with Masterminds
Join or create a mastermind to support your Definite Chief Aim. As the saying goes, “success breeds success.” Once you associate yourself with forward-thinking business owners, you can learn how to thrive for the next 20 years. To become a top 1% shop, you need to network with the top 1% of the industry. Do you have an idea but don’t know how to pull it off? With a mastermind group, you can learn from the best in the business.
Whatever your challenges are, it is important to know that you’re not alone. Many shop owners are buried under long hours, high stress, low profits, and underperforming employees. Many more aren’t able to vacation and don’t have a retirement plan. But with these challenges also comes opportunity, and you have the choice to thrive or survive.
About Transformers Institute
Transformers Institute facilitates mastermind groups and can also provide live training, video training, consulting and coaching programs, M&A assistance, financing solutions, and marketing services. They have assembled a team of professionals dedicated to transforming the automotive service and repair industry through the most dynamic and progressive programs together under one roof.
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