When he first started out, he did better than expected. Although that sounds ideal, he burned through the little cash reserve he had too fast which became a challenge in and of itself.
“It was a good lesson,” he notes. “Now, I’ve learned to always look as many steps ahead as I can... Especially as a business owner, you have to look three, six, nine months ahead and try to envision where you are going to be financially and where your business will be.”
That lesson early on, along with his planning-ahead management style, helped him overcome a six-month, out-of-nowhere downturn in 2016, which he still finds perplexing. Nevertheless, it proved to him the importance of planning ahead.
Learn how electronic parking brake actuators have replaced manual systems and now play a key role in advanced safety features like automatic emergency braking. This WIYB Training...
Not all fuel injectors are created equal. In this WIYB Training Series, we compare Standard® Fuel Injectors against OE, low-cost imports. See why precision engineering and rigorous...
Carrying active OEM subscriptions for all manufacturers is not possible for many shops. However, access to this software is required for certain modern vehicles and repairs, and...
Enhance your collision repair workflow with Autel’s IA900, a process-driven solution integrating precision alignment, bi-directional diagnostics, and ADAS calibration. Designed...
Voice Your Opinion!
To join the conversation, and become an exclusive member of Vehicle Service Pros, create an account today!
