Business By The Numbers

De: LSTN Media LLC
  • Resumen

  • Hunt Demarest, CPA has consistently provided his financial business acumen to help move the industry toward greater heights of success and profitability. Hunt was recently referred to as a "terrific advocate of the aftermarket." He is the author of the book, Your Perfect Shop: How to Start, Run & Sell a Profitable Shop. In this book, he compiled some of the best practices for auto repair shop owners, whether they are just starting or have been in the business for years. Hunt's podcast will provide a core understanding of the financial aspects of running an auto repair shop.
    Copyright 2024 LSTN Media LLC
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Episodios
  • Effective Labor Rate [E128]
    Jul 25 2024

    Thanks to our partners, NAPA TRACS and Promotive

    Today,

    Hunt explores how to understand and improve your effective labor rate, one of the most important aspects of running a profitable auto repair shop.

    • Understanding Effective Labor Rate: Learn the difference between
    • street rate and effective labor rate, and why focusing on the latter is
    • essential.
    • Oil Change Example: Hunt breaks down an example using oil changes to
    • explain how effective labor rate impacts profitability.
    • Comparison of Two Shops: Explore a real-world comparison of
    • two similar shops with different labor rates and see which one is more
    • profitable.
    • Actionable Insights: Get practical tips on how to improve your shop's effective labor rate and overall profitability

    Thanks to our partners, NAPA TRACS and Promotive

    Did you know that NAPA TRACS has onsite training plus six days a week support?

    It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice.

    Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.com

    It’s time to hire a superstar for your business; what a grind you have in front of you. Great news, you don’t have to go it alone. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com.

    It’s time to hire a superstar for your business; what a grind you have in front of you. Great news, you don’t have to go it alone. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com.

    Paar Melis and Associates – Accountants Specializing in Automotive Repair

    Visit us Online: www.paarmelis.com

    Email Hunt: podcast@paarmelis.com

    Get a copy of my Book: Download Here

    Aftermarket Radio Network

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    20 m
  • Daily Weekly Monthly Yearly : When and What should I be Looking for on My Financials? [E127]
    Jul 18 2024

    Thanks to our partners, NAPA TRACS and Promotive

    In this episode, Hunt Demarest, CPA with Paar Melis & Associates, discusses the importance of regularly analyzing your financials. Learn how to effectively use daily and monthly reviews to drive your shop’s profitability and productivity.

    Key Takeaways:

    • Daily Reviews: Focus on productivity using shop management software.
    • Monthly Reviews: Focus on profitability using financial statements.
    • Key Metrics: Track productivity, profitability, and parts gross profit.
    • Scientific Approach: Identify problems, hypothesize solutions, test, and analyze outcomes.

    

    Thanks to our partners, NAPA TRACS and Promotive

    Did you know that NAPA TRACS has onsite training plus six days a week support?

    It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice.

    Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.com

    It’s time to hire a superstar for your business; what a grind you have in front of you. Great news, you don’t have to go it alone. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com.

    Paar Melis and Associates – Accountants Specializing in Automotive Repair

    Visit us Online: www.paarmelis.com

    Email Hunt: podcast@paarmelis.com

    Get a copy of my Book: Download Here

    Aftermarket Radio Network

    Más Menos
    29 m
  • Rent or Buy: Can I Afford to be my Own Landlord? [E126]
    Jul 11 2024

    Thanks to our partners, NAPA TRACS and Promotive

    In this episode of Business by the Numbers, Hunt explores the benefits and considerations of owning your auto shop's real estate. Learn about financing options, affordability, and real-life examples to help you make an informed decision.

    -Understand different financing options for purchasing real estate.

    -Assess your shop's ability to afford property ownership.

    -Learn the long-term benefits of owning your business premises.

    -Real-life examples to illustrate key points.

    

    Thanks to our partners, NAPA TRACS and Promotive

    Did you know that NAPA TRACS has onsite training plus six days a week support?

    It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice.

    Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.com

    It’s time to hire a superstar for your business; what a grind you have in front of you. Great news, you don’t have to go it alone. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com.

    Paar Melis and Associates – Accountants Specializing in Automotive Repair

    Visit us Online: www.paarmelis.com

    Email Hunt: podcast@paarmelis.com

    Get a copy of my Book: Download Here

    Aftermarket Radio Network

    Más Menos
    27 m

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