Exit Planning Pitfalls to Avoid in the Collision Repair Industry
Exiting your collision repair business is a significant decision, and proper exit planning is essential to ensure a smooth transition and maximize the value of your life’s work. However, like any complex endeavor, exit planning in the collision repair industry comes with its own set of challenges and pitfalls. In this article, we’ll explore some […]
Episode 78 – Guiding Businesses From Transition to Transaction with Laurie Barkman
For anyone who owns a business, the process of passing down a company from one owner to the next can be quite challenging. Without proper guidance and careful planning, it can be difficult to know where to start when considering how best to transition ownership and ensure profitable continuity for yourself and future owners. […]
Navigating Smooth Transitions: Planning Succession for Family-Owned Collision Repair Businesses
If you are the owner of a family-run collision repair business, you know that it can be both complicated and emotional to plan for your own succession. With most things in life, planning ahead produces smoother transitions. With proper planning, the transition from one generation of ownership to the next doesn’t have to be chaotic […]
The Pros and Cons of Franchising Your Collision Repair Business
Are you considering franchising your collision repair business? Franchising can be a great way to expand your brand, increase market share, and take advantage of certain benefits that are only available from being part of a franchise. However, it’s essential to consider both the pros and cons before embarking on this journey. In this blog […]
Episode 77 – Safeguarding the Future: What Collision Shops Need to Know About Business Continuity
In today’s fast-paced and unpredictable world, businesses of all sizes face numerous challenges that can disrupt their operations. As a collision shop owner, unforeseen events such as natural disasters, economic downturns, and supply chain disruptions can severely impact your ability to provide services to your customers. Having a sound business continuity plan can […]
How to Effectively Market Your Collision Repair Business
“Marketing” is considered a tainted word for many small business owners, particularly in the collision sector. Most of them see it as an extra expense and a luxury. However, having a marketing strategy nowadays is seen as essential and one of the most crucial elements of running a successful collision repair business. And as the […]
Diversifying Your Collision Repair Business: Strategies for Success in a Competitive Marketplace
Running a successful collision repair shop requires hard work and dedication. As competition within the industry continues to get tighter, business owners must find ways to stay ahead of the game by diversifying their services. Offering customers various services beyond traditional collision repair can help your repair shop stand out. It also provides several benefits, […]
Revving Up for Change: How Electric and Autonomous Vehicles are Reshaping the Collision Repair Landscape
As a collision shop owner, you may wonder how the industry will evolve in the next decade and how it will impact your business. While it’s difficult to predict the future, a study suggests that due to the popularity of electric and autonomous vehicles, the overall collision repair revenue could potentially decline by 32% by […]
Episode 76 – Breaking Barriers: Women Making Waves in The Collision Repair Industry with Petra Schroeder
The collision repair industry has long been a male-dominated space. And the stigma that women are not as strong or capable as men poses challenges for women who aspire to make their mark in it. Fortunately, the number of females in the workforce is slowly increasing. And some female mentors have successfully navigated their […]
How to Attract and Retain Top Talent in Your Collision Repair Business
As a collision shop owner, attracting and retaining top talent is crucial to get the job done right and maintain your competitive edge. However, doing so is highly challenging, especially in an industry where competition for skilled workers is fierce. Matt DiFrancesco, a Certified Exit Planner (CExPTM) and the founder of High Lift Financial, believes […]
