On today’s episode of The Brake Room, host Lucinda is joined by Hunt Demarest, Senior Accountant at Paar, Melis, & Associates who specializes in automotive repair shops.
Lucinda and Hunt discuss how to properly budget, systems and tools that Hunt recommends for managing and tracking financials and how to maintain accuracy, as well as how a shop owner can analyze and improve their profitability and the financial risks often associated with the auto repair shop industry. Tune in now!
Show notes:
00:00 - Introduction to Hunt Demarest
00:35 - Budgeting advice for shop owners
4:15 - What types of systems and/or tools does Hunt recommend to manage financials
5:50 - Tips from Hunt on how to maintain accuracy and efficiency when managing financials
8:10 - How can a shop owner analyze and improve their profitability?
18:50 - What types of financial risks does Hunt see in the auto repair shop industry and how can shop owners mitigate those risks?
28:55 - Final thoughts from Hunt
Find Hunt Demarest on:
Website: https://paarmelis.com/
Podcast: https://paarmelis.com/business-by-the-numbers/
FIND SHOPPROS ON:
Website: www.shoppros.com/
Facebook: www.facebook.com/shoppros1
Instagram: www.instagram.com/shopprosco/
LinkedIn: www.linkedin.com/company/shoppros
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