As an independent auto repair shop owner you know your labor rate, but do you know your effective labor rate? Understanding the difference may be the key to truly running a successful shop. What is Effective Labor Rate? Your effective labor rate is the actual hourly revenue you generate from labor charges, taking into accountContinue reading “Auto Repair Shop KPI’s Explained: Effective Labor Rate”
Category Archives: Financial
Why Automotive Businesses Fail
In the highly competitive world of automotive repair, success is far from guaranteed. Research from the Small Business Administration (SBA) shows that roughly 30% of small business fail within two years; with that number climbing to over 50% by year five. While there are numerous factors contributing to these failures, the good news is thatContinue reading “Why Automotive Businesses Fail”