Business By The Numbers

By LSTN Media LLC

Hunt Demarest, CPA has consistently provided his financial business acumen to help move the industry toward greater heights of success and profitability. Hunt was recently referred to as a "terrific a... more

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FAQs about Business By The Numbers:

How many episodes does Business By The Numbers have?

The podcast currently has 203 episodes available.

Business By The Numbers episodes:

September 15, 2022 What is My Break-Even Point? [E031]
What is My Break Even Point? This week Hunt talks about break-even points and how it is important to understand this aspect of your business.
• What is a break-even point and how do I calculate mine?
• What are the major drivers of increasing or decreasing your break-even point?
• How to set proper goals to meet your break-even point?
• How do I calculate my business to not break-even, but actually grow and provide a steady profit?
The Show is sponsored by:
Shop-Ware on the web at getshopware.com
NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com
Hunt Demarest, CPA
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
...more
27min
September 08, 2022 Driving Profits Through Labor [E030]
Driving Profits Through Labor. This week Hunt is joined by Jaron Kleber from Repair Shop of Tomorrow to discuss the importance of labor profitability.
• Is your posted labor rate set appropriately to make your desired labor gross profit?
• Do you know what your technicians cost you per hour?
• Do you know what your effective labor rate is?
• Are you utilizing a labor matrix?
Jaron's Email:
[email protected]
Webinar Recording Link:
https://attendee.gotowebinar.com/recording/2884779187636798982
The Show is sponsored by:
Shop-Ware on the web at getshopware.com
NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com
Hunt Demarest, CPA
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
...more
59min
September 01, 2022 Am I Going to Be Audited? [E029]
Am I Going to Be Audited? This week Hunt discusses if the rumors of 87,000 new IRS agents and if there is any truth to these claims and other causes of audits.
• What is the IRS doing with all the new agents that they are hiring?
• What increases your risks in getting audited and how can you minimize those?
• What are other common types of audits and what should you do if you are ever audited?
The Show is sponsored by:
Shop-Ware on the web at getshopware.com
NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com
Hunt Demarest, CPA
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
...more
28min
August 25, 2022Numbers Don’t Lie, They Also Don’t Tell the Truth [THA 290] - Remarkable Results Radio Podcast
The gang’s all here; we have the entire Aftermarket Radio Network together for an important episode inspired by the movie Moneyball. We all have experience with people who are not our top performers, but are we better to have them on the team than not? You know them; they are consistent, reliable, steady, and contributors. Are they worth replacing? Will they become the best or top performers, or do they help strengthen our overall performance? A great discussion among your peers.
Watch the Episode on YouTube
Hunt Demarest, CPA, Paar Mellis and Associates, Business by the Numbers Podcast
Matt Fanslow, Riverside Automotive, Red Wing, MN, Diagnosing the Aftermarket A to Z Podcast
Kim and Brian Walker, Shop Marketing Pros, Auto Repair Marketing Podcast
Chris Cotton, AutoFix Auto Shop Coaching, Chris Cotton Weekly Blitz Podcast
Key Talking Points
What REALLY contributes to production?

Simpson Paradox

Simon Sinec points out that Navy Seal teams value Trustworthiness far, far more than Performance. VIDEO HERE

Tech productivity is one of the most important aspects of business, but how can these numbers skew what that employee is really doing (helping others, sharing duties outside of production, etc.)

Are there some numbers or metrics that actually can look too good, which could cause an issue for growth or retention

Numbers don’t lie, but sometimes can be misleading. Do your numbers match up with what you are trying to do with the business?

You have to have your head up and eyes wide open to make sure you can identify the "doers" in your group.

Do you have a scorecard for success for your technicians?

Pay plans; incentive greatness

Who are your ‘support people' to contribute and make the whole picture better

Culture is contagious

Training when hiring-

Weaknesses- be honest with eachother

Fine balance- profitability aspect, you can’t have a shop full of unicorns

Removing obstacles

Connect with the Podcast
Aftermarket Radio Network
Subscribe on YouTube
Visit us on the Web
Follow on Facebook
Become an Insider
Buy me a coffee
Important Books
Check out today's partners:
Shop-Ware: More Time. More Profit. Shop-Ware Shop Management getshopware.com

Delphi Technologies: Keeping current on the latest vehicle systems and how to repair them is a must for today’s technicians. DelphiAftermarket.com
...more
1h 1min
August 25, 2022Are Techs Employees or Contractors? [E028]
Are Techs Employees or Contractors?
This week Hunt discusses if there is a way that we can or should treat our techs as contractors.
What is the difference between a contractor versus an employee and how does the IRS differentiate the two?
Why would someone want to be a contractor, and how would that help our techs?
What are some of the downsides of classifying our techs as contractors and the reasons why we do not see this much?

The Show is sponsored by:
Shop-Ware on the web at getshopware.com
NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com
Hunt Demarest, CPA
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
...more
27min
August 18, 2022 How Much is Your Shop Worth? [E027]
How Much is My Shop Worth?
This week Hunt discusses how to figure out what your shop is worth or what a prospective shop is really worth.
• What method is used to value shops and what is included in that price?
• What is EBITDA and what adjustments need to be made to figure out my true net income?
• What are some things that you can do to drive the value of your shop and what are things that don't increase value?
The Show is sponsored by:
Shop-Ware on the web at getshopware.com
NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com
Hunt Demarest, CPA
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
...more
41min
August 11, 2022 Shady Service Advisor [E026]
Shady Service Advisor
This week Hunt discusses an issue he came across with one of his shops and service advisors manipulating RO's to inflate gross profit.
• How was this service advisor able to do this?
• What are some tips for being able to stop this from happening in your shop?
• What are signs or metrics that could show that this is going on in a shop?
The Show is sponsored by:
Shop-Ware on the web at getshopware.com
NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com
Hunt Demarest, CPA
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
...more
35min
August 10, 2022Technican Pay, Tools and Taxes with Hunt Demarest [E043] - Diagnosing the Aftermarket A to Z
Technician Pay, Tools, and Taxes with Hunt Demarest
Technicians want to know how their personal taxes and tools purchased for work are managed on your tax return.
Flat Rate vs. Salary + Incentives
Tax consequences

Listen To Business By the Numbers Podcast with Hunt Demarest HERE.
Hunt's Company Paar Melis and Associates – Accountants Specializing in Automotive Repair
Visit us Online : www.paarmelis.com
The show is sponsored by NAPA Auto Care napaautocare.com
NAPA Benefits Center: napabenefitscenter.com
NAPA Member Site: member.napaautocare.com
Email Matt: [email protected]Diagnosing the Aftermarket A - Z YouTube Channel HERE
...more
53min
August 04, 2022Inflation Reduction Act - What We Know Now [E025]
Inflation Reduction Act - What We Know Now
This week Hunt discusses what we currently know about the act currently going through congress.
What is the Inflation Reduction Act, and why is it called that?
What is included in the bill as we know now?
What are the changes to taxes, and are those going to affect me?
What are the overall impacts of the bill, and what should I be doing now to prepare?

The Show is sponsored by:
Shop-Ware on the web at getshopware.com
NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com
Hunt Demarest, CPA
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
...more
29min
July 28, 2022Interest Rates [E024]
Interest Rates
This week Hunt discusses interest rates and how it is affecting your business, and personal life, and what you need to do to try and work with them.
Talking Points:
Why are interest rates going up, and who is making these rates increase?
What is the federal reserve, and how do these changes affect inflation?
What can you be doing right now to offset interest rates and still be a profitable business?
What does the near future look like because of this increase in interest rates and the economy in general?

The Show is sponsored by:
Shop-Ware on the web at getshopware.com
NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com
Hunt Demarest, CPA
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
...more
31min

FAQs about Business By The Numbers:

How many episodes does Business By The Numbers have?

The podcast currently has 203 episodes available.

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