The Business Partner You Didn’t Know You Needed: A Coach [THA 387]
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By Joe Marconi in Joe's BlogIt always amazes me when I hear about a technician who quits one repair shop to go work at another shop for less money. I know you have heard of this too, and you’ve probably asked yourself, “Can this be true? And Why?” The answer rests within the culture of the company. More specifically, the boss, manager, or a toxic work environment literally pushed the technician out the door.
While money and benefits tend to attract people to a company, it won’t keep them there. When a technician begins to look over the fence for greener grass, that is usually a sign that something is wrong within the workplace. It also means that his or her heart is probably already gone. If the issue is not resolved, no amount of money will keep that technician for the long term. The heart is always the first to leave. The last thing that leaves is the technician’s toolbox.
Shop owners: Focus more on employee retention than acquisition. This is not to say that you should not be constantly recruiting. You should. What it does means is that once you hire someone, your job isn’t over, that’s when it begins. Get to know your technicians. Build strong relationships. Have frequent one-on-ones. Engage in meaningful conversation. Find what truly motivates your technicians. You may be surprised that while money is a motivator, it’s usually not the prime motivator.
One last thing; the cost of technician turnover can be financially devastating. It also affects shop morale. Do all you can to create a workplace where technicians feel they are respected, recognized, and know that their work contributes to the overall success of the company. This will lead to improved morale and team spirit. Remember, when you see a technician’s toolbox rolling out of the bay on its way to another shop, the heart was most likely gone long before that.
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By carmcapriotto
Thanks to our Partners, AAPEX, NAPA TRACS, and Automotive Management Network Explore the benefits of peer review groups, coaching, and continuous improvement. Hear how Tom Sciortino's participation in peer reviews led to substantial business transformations, improved team dynamics, and increased customer satisfaction. Learn about the importance of setting aside ego, soliciting feedback from peers, and implementing practical changes to elevate your business. Tom Sciortino, Total Automotive, Buffalo, NY. Tom’s previous episodes HERE. Show Notes Watch Full Video Episode Tom's Recent Peer Review (00:02:57) Tom shares insights about his recent peer review experience with the Gears Performance Group: https://www.wearetheinstitute.com/ Transformation Over Time (00:03:26) Tom reflects on the significant changes in his business since joining a coaching group. Preparation for Peer Review (00:03:46) Tom discusses his team's preparation for the peer review and his lack of anxiety. Impact of Coaching (00:04:01) Tom emphasizes the benefits of coaching on productivity and profit in his business. Team Involvement in Peer Review (00:06:04) Tom explains how his team’s involvement was crucial for the peer review process. Deep Dive into Business Improvements (00:07:08) Tom expresses the importance of focusing on deeper business issues during the review. Lessons for Other Shop Owners (00:08:32) Carm encourages shop owners to implement simple improvements regardless of peer review participation. Importance of Cleanliness (00:09:24) Tom highlights how cleaning and improving the shop environment positively affects customer perception. Engaging Staff in Improvement (00:10:18) Tom shares his strategy for getting staff involved in shop improvements through a collaborative approach. Accountability in Peer Reviews (00:11:26) Tom discusses the accountability aspect of peer reviews and the importance of following through on suggestions. Mentorship and Growth (00:12:38) Tom reflects on the benefits of having accountability and mentorship after years of being his own boss. Overcoming Ego in Business (00:16:36) Tom discusses the importance of being open to advice and criticism for business growth. Phone Call Evaluation (00:18:16) Discussion on the necessity of recording phone calls for training purposes. Post-Call Team Meeting (00:19:48) Plans to review phone call recordings with the team for improvement. Ongoing Front-End Training (00:20:09) Tom discusses the need for continuous training at the service desk. Back Shop Leadership (00:20:37) Plans to elevate a technician to lead for better communication and workflow. Team Culture and Family Atmosphere (00:21:34) Tom reflects on the strong family culture established within his team. Improvements in Facility (00:23:16) Tom talks about personal involvement in facility upgrades and renovations. Motivating Others Through Sharing (00:24:05) Encouragement for others to prepare for peer reviews and seek coaching. Value of Self-Assessment (00:24:20) Tom emphasizes the importance of self-evaluation for business improvement. Benefits of Peer Groups (00:25:05) Discussion on the collaborative benefits of being part of a peer group. Surrounding Yourself with Excellence (00:25:55) Tom highlights the advantages of learning from top-performing shops.
Thanks to our Partners, AAPEX, NAPA TRACS, and Automotive Management Network Set your sights on Las Vegas in 2024. Mark your calendar now … November 5th-7th, 2024. AAPEX - Now more than ever. And don’t miss the next free AAPEX webinar. Register now at http://AAPEXSHOW.COM/WEBINAR NAPA TRACS will move your shop into the SMS fast lane with onsite training and six days a week of support and local representation. Find NAPA TRACS on the Web at http://napatracs.com/ Get ready to grow your business with the Automotive Management Network: Find on the Web at http://AftermarketManagementNetwork.com for information that can help you move your business ahead and for the free and informative http://LaborRateTracker.com Connect with the Podcast: -The Aftermarket Radio Network: https://aftermarketradionetwork.com -Follow on Facebook: https://www.facebook.com/RemarkableResultsRadioPodcast/ -Join Our Private Facebook Community: https://www.facebook.com/groups/1734687266778976 -Join Our Virtual Toastmasters Club: https://remarkableresults.biz/toastmasters -Subscribe on YouTube: https://www.youtube.com/carmcapriotto -Follow on LinkedIn: https://www.linkedin.com/in/carmcapriotto/ -Follow on Instagram: https://www.instagram.com/remarkableresultsradiopodcast/ -Follow on X: https://twitter.com/RResultsBiz -Visit the Website: https://remarkableresults.biz/ -Join our Insider List: https://remarkableresults.biz/insider -All books mentioned on our podcasts: https://remarkableresults.biz/books -Our Classroom page for personal or team learning: https://remarkableresults.biz/classroom -Buy Me a Coffee: https://www.buymeacoffee.com/carm -Special episode collections: https://remarkableresults.biz/collections
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By Joe Marconi
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By carmcapriotto
Thanks to our partners, NAPA TRACS and Promotive
In this week's episode of Business by the Numbers, Hunt Demarest, CPA, dives into the recent market volatility triggered by a disappointing jobs report and poor earnings from major companies. He explains the role of the Federal Reserve and the implications of the SOM Rule on predicting recessions.
Market Drop: The market took a significant hit due to a higher-than-expected unemployment rate of 4.3%, compared to the anticipated 4.1%. Earnings Reports: Major companies, including Amazon, Google, and Nvidia, reported poor earnings, contributing to the market decline. Federal Reserve Influence: The Fed's control over interest rates and money supply directly impacts inflation and market volatility. SOM Rule: The SOM Rule, with a perfect recession prediction record, indicates a likely recession if unemployment rates rise more than 0.5% above the previous year's average. https://finance.yahoo.com/news/stock-market-news-today-nasdaq-enters-correction-dow-falls-600-points-as-disappointing-jobs-report-shakes-investors-133048116.html https://www.bls.gov/charts/employment-situation/civilian-unemployment.htm https://www.marketwatch.com/livecoverage/jobs-report-for-july-employment-growth-seen-slowing-with-hurricane-providing-a-drag/card/the-sahm-rule-is-officially-triggered-tvQVLLwkOPdqTIA45gsP https://www.reuters.com/markets/us/drop-magnificent-seven-could-drag-down-us-stocks-top-fund-manager-says-2024-07-30/ https://www.cnbc.com/quotes/.MAG7
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Thanks to our partners, NAPA TRACS and Promotive
Did you know that NAPA TRACS has onsite training plus six days a week support?
It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice.
Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.com
It’s time to hire a superstar for your business; what a grind you have in front of you. Great news, you don’t have to go it alone. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com.
Paar Melis and Associates – Accountants Specializing in Automotive Repair
Visit us Online: www.paarmelis.com
Email Hunt: [email protected]
Get a copy of my Book: Download Here
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By nptrb
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By carmcapriotto
Thanks to our Partner, NAPA Autotech
Matt Fanslow explores social constructs, relationships, and game theory. Inspired by a wedding he attended and a personal story about a friend dealing with infidelity, he highlights the importance of clear communication and expectations. He connects these themes to game theory, illustrating its relevance in both personal and professional interactions.
Show Notes
Economics with Dr. Joshua Rosenbloom [E038]: https://mattfanslow.captivate.fm/episode/038 Automotive Technician Suicide with Margaret Light [E049]: https://mattfanslow.captivate.fm/episode/049 Relationships 101 with Margaret Light [E058]: https://mattfanslow.captivate.fm/episode/058 Dating Isn't Emotional Rehab with Margaret Light [E081]: https://mattfanslow.captivate.fm/episode/081 Shame with Margaret Light [E103]: https://mattfanslow.captivate.fm/episode/103 Good Grief with Margaret Light [E116]: https://mattfanslow.captivate.fm/episode/116 Contemplating Game Theory (00:01:14) Matt reflects on his desire to discuss game theory, referencing a previous episode with an economist. Wedding Observations (00:02:27) Matt shares his experience attending a wedding and listening to the couple's vows. Social Constructs in Relationships (00:04:59) Matt discusses the social constructs couples create and their potential misunderstandings. Friend's Affair and Reflection (00:06:15) He reveals a friend's marital affair, prompting thoughts on social constructs and personal experiences. Expectations and Social Constructs (00:07:42) Matt explains how social constructs shape behavior and expectations in relationships. Game Theory Basics (00:09:59) He introduces game theory, linking it to social interactions and relationships. Defining Game Requirements (00:12:15) Matt outlines the requirements for a game, including players, rules, and payoffs. Social Constructs and Expectations (00:14:52) He emphasizes the importance of understanding and communicating expectations in relationships. Impact of Broken Rules (00:16:08) Matt discusses the consequences of unspoken rules being broken in relationships and service experiences. Inspiration from Experiences (00:18:34) He encourages listeners to draw inspiration from experiences in both personal and professional contexts. Setting Expectations (00:20:56) Importance of clear communication about processes and customer expectations in automotive services. Building Trust (00:22:05) Establishing trust through consistent service, transparency about costs, and addressing customer concerns. Concepts of Game Theory (00:23:16) Overview of game theory's relevance to relationships and social constructs, emphasizing common sense applications.
Thanks to our Partner, NAPA Autotech napaautotech.com
Email Matt: [email protected]
Diagnosing the Aftermarket A - Z YouTube Channel HERE
Aftermarket Radio Network: https://aftermarketradionetwork.com/
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