Sorry, but this week’s message is going to leave more than a few of you very uncomfortable, annoyed, and maybe a bit pissed off at me. If you’d rather not ruin your day by listening to me uncover several undeniable truths, go ahead and delete this message, unread. On the other hand, if your biz has been skidding on a rough patch lately and you’d like to know how to fix it; read, believe, and act on what I have to say here.
We just came through the single best stretch of economic boom in our history. Low unemployment. Job security. Overnight millionaires were created left and right. Times were good. Repair shop owners were doing well – even if they were sloppy with their marketing, sales, and systems. Their clients were making money, had job security, the future looked bright – so it really wasn’t too difficult to sell them services. Your only competition was the new car dealers that were attempting to sell your clients brand new cars. It was a good time to even be in a bad auto repair business.
But now the roof has caved in. High unemployment. Zero job security. Investment accounts wiped out. People in fear of losing their homes. The good news? People are now forced to keep their cars longer so they aren’t buying new cars – they MUST repair and maintain their current vehicles. More good news – you have less competition because thousands of shops have closed their doors all over the country.
The shops that are still doing well are succeeding because they didn’t need to rely on the economy to do well in the past. They built their businesses on a very strong foundation by building a database of great clients through highly targeted marketing, and then having properly trained sales staff, and put the systems in place to operate a solid business. If you’re in the top 20% of shops that are still doing well, woohoo! Congratulations! You’ve listened, took action, and are reaping the abundant rewards!!!
If your business is slipping right now, it’s because the good economy had propped you up and allowed you to get by with a lot of sloppy (or non-existent!) marketing, training, and/or systems. Now, the thread that had been keeping you in business (the good economy) is now being yanked on and your business is unraveling. For example, your lack of targeted marketing has now left you with a database of low-quality clients that now don’t have any money. Your lack of investment in relationship-building strategies in the past has left you with a small, shrinking list of non-loyal clients. Your poorly trained service advisor that did okay selling to folks when they had money, now struggles to sell even the most needed services.
Now, I realize that I’m generalizing here and if you’re struggling, it could be any one of several dozen reasons. The most important thing is that you take a good hard honest look at your business and get started fixing the problems – fast!! Your only other option is to get pissed off at me for blaming you for your own problems, do nothing to change your situation, and hope and pray things get better on their own.
How can I help you? If you’re already doing well, what else can I do to help make your business better? If you’re struggling, what would you like to get from me that will help turn things around? Please let me know by writing your comments below.
Best, Ron Ipach