All Shop Owners Know Something That Other Owners Don’t Know! [RR 993]

Thanks to our Partners, AAPEX, NAPA TRACS, and Automotive Management Network

Recorded at the 2024 Automotive Aftermarket Retailers of Ontario (AARO) Business Management and Lindertech Training Tradeshow, discover how simply attending meetings can significantly improve net profit, the impact of cost management, and tips on leveraging technology for business efficiency.

Murray Voth, RPM Training. Listen to Murray’s previous episodes HERE. murrayvoth@rpmtraining.net

Show Notes

Watch Full Video Episode
Automotive Aftermarket Retailers of Ontario (AARO): https://www.aaro.ca/
Importance of Attendance (00:02:04) Discussion on how missing educational events can lead to lost opportunities and profits.
Value of Showing Up (00:03:05) Murray emphasizes the connection between attendance and improved business performance.
Networking and Community (00:04:39) The significance of in-person meetings for building relationships and sharing knowledge.
Learning from Group Sessions (00:05:23) Murray shares insights on the benefits of participating in group coaching sessions.
Addressing Intimidation in Coaching (00:07:50) Discussion on how some individuals feel intimidated and hesitant to participate in coaching.
The Need for Continuous Learning (00:10:59) Carm stresses the importance of seeking expert guidance and accountability in business.
Coaching Styles and Techniques (00:11:53) Murray contrasts different coaching approaches and their effectiveness in the industry.
Utilizing Technology for Coaching (00:13:28) Murray discusses the transition to online coaching and the importance of Google Business Profile.
Engagement in Virtual Meetings (00:14:17) The effectiveness of screen sharing and virtual meetings in enhancing learning experiences.
Introduction to Collaboration Tools (00:15:54) Discussion on using screen sharing and collaboration tools for knowledge sharing among automotive shop owners.
Resources for Business Improvement (00:18:58) Introduction to automotive management network resources such as SOPs and checklists for business advancement.
Note-Taking and Organization (00:20:00) Personal experiences with note-taking and strategies for managing notes effectively in a business context.
Using Google Docs for Accountability (00:23:22) How Google Docs can facilitate accountability by allowing team members to log and review action plans collaboratively.
Networking and Community Support (00:27:02) Encouragement for members to utilize networking tools like Slack for better communication and support among peers.
Understanding Employment Law (00:30:33) Insights into Canadian employment law regarding severance and the importance of having employment contracts to protect business owners.
Understanding Severance Costs (00:32:12) Discussion on the financial impact of severance costs and the importance of understanding net income.
Calculating Impact on Sales (00:33:13) Exploration of how to calculate necessary sales to cover losses in the automotive industry.
Networking and Sharing Solutions (00:34:11) Importance of sharing experiences and...