By - November 19, 2024
Categories: Bookkeeping, General
At Three Rivers Bookkeeping, our auto repair shop clients have experienced significant financial improvements this year – and we’re raising a toast to them in this post!
It is our mission to provide five-star bookkeeping services to every client we work with, and it certainly shows through the growth and success of these businesses!
Here’s a look at what we’re thankful for in 2024.
Client Revenue Increases
Many people think the sole purpose of hiring a bookkeeper is to keep financial documents and records on track. However, that’s just a sliver of what we do.
Aside from keeping your finances neat and tidy, we also offer business consulting to help you boost revenue.
We’re particularly proud to share that our clients who have been with us for at least a year have seen an average revenue increase of 10.7%.
We are patting our clients on the back for this amazing achievement. This is what happens when you have the power of strategic financial management and an experienced bookkeeping team in your corner.
Client Success Strategies
The success of our clients didn’t occur overnight. It took intentional planning and strategizing to build their income.
This is how we’ve helped our clients scale this year:
Parts Matrices: We encourage our clients to analyze parts costs and pricing. This helps optimize their inventory management and improve their profitability.
Tracking Labor Efficiencies: Our clients began to monitor their labor hours. The result? Reduced overhead costs and greater productivity across their shops.
Adjusting Pay Structures: Our clients adjusted their employee compensation structures. They analyzed whether salary or hourly was more beneficial and made decisions based on the needs of their businesses and their employees. This boosted shop morale and employee performance!
Training Investments: Clients invested in regular training programs for technicians, service advisors, and office staff. On-going education helps improve customer service, therefore boosting revenue.
Auto-Industry Business Coaching: Several of our clients reached out for expert help from business coaches that specialize in the auto industry. This equipped them with sales, marketing, and financial strategies to help their businesses grow.
Key Performance Indicator (KPI) Tracking: Several of our clients began tracking their KPIs. This gave them an accurate picture of their financial metrics and progress so they could make empowered and intentional decisions moving forward.
A Thank You From Three Rivers
We want to take a moment to express our sincere thanks to all of the auto repair shops we have had the honor of working with this year.
Our primary goal is to see our clients thrive, and we’re so grateful to be a part of your business’s success. We can’t wait to see what unfolds for you in 2025!
Cheers to your success,
The Three Rivers Bookkeeping Team
