Episode 97 - Selling During An Economic Downturn with PJ Leslie at ASTE 2022

About this episode

Don't get to the end of this year wishing you had taken action to change your business and your life.Click here to schedule a free discovery call for your business: https://geni.us/IFORABEShop-Ware gives you the tools to provide your shop with everything needed to become optimally profitable.Click here to schedule a free demo: https://info.shop-ware.com/profitabilityUtilize the fastest and easiest way to look up and order parts and tires with PartsTech absolutely free.Click here to get started: https://geni.us/PartsTechTransform your shop's marketing with the best in the automotive industry, Shop Marketing Pros! Get a free audit of your shop's current marketing by clicking here: https://geni.us/ShopMarketingPros Staying afloat in a turbulent economy can be challenging for an independent auto repair shop. With economic uncertainty on the rise, it can be difficult to predict when the next downturn will hit and how it will affect your business.Many shops will turn to cost-cutting measures. That could include negotiating better deals with suppliers, purchasing more affordable equipment, or reducing staff hours. A few shops will look to diversify their revenue streams. That could include offering additional services such as car detailing or selling used vehicles. It could also involve partnering with other businesses in the community, such as rental car companies or car dealerships.Regardless, it is essential for owners to keep an eye on their finances and to have a plan in place for when things do take a turn for the worse.