Remarkable Results Radio Podcast
Leisure:Automotive
In this week’s episode, Hunt gets into the financial intricacies faced by auto repair shop owners, from refinancing debts and selling shops to securing new mortgages in today’s unpredictable market. He explores the strategies and tips to steer through the banking hurdles and optimize your financial operations.
• Market Update & Interest Rates: Starting with a quick market update, Hunt discusses the current state of interest rates and how they're affecting both personal and commercial loans. Despite the unchanged rates by the Federal Reserve, the historical highs are impacting mortgage affordability and commercial borrowing costs.
• Loan Acquisition Challenges: The episode sheds light on the complexities of acquiring loans in the current financial climate. Hunt discusses the often opaque criteria banks use to approve loans, offering some tips for what shop owners can do to increase their chances of securing financing.
• Listener Q&A and Acknowledgments: A special thanks to listeners for their engaging questions in the previous mailbox episode. Your curiosity fuels our content, and we’re here to address your concerns, guiding you toward informed financial decisions for your auto repair shop.
• Rapid Fire Tips for Financial Management: Closing the episode, Hunt offers some rapid-fire advice for managing your finances better, from understanding the nuances of loan interest rates to practical tips for ensuring your business stays liquid and prepared for any financial challenges ahead.
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: podcast@paarmelis.com
Get a copy of my Book: Download Here
Aftermarket Radio Network
The Electric Revolution: Insights From Dave Giles [RR 959]
What Is/Was Going on with GME (Gamestop) Stock? [E120] - Business By The Numbers
Auto Allies: Forging an Independent Networking Group [THA 382]
Key Questions with Elijah McMillan [E136] - Diagnosing the Aftermarket A to Z
Should an Auto Repair Shop Use a Local Marketing Company or Marketers Who Specialize in Auto Repair Shops? [E102] - The Auto Repair Marketing Podcast
The Untapped Potential of Tire Sales [RR 958]
The Importance of Weekly Stakeholder Meetings for Auto Repair Shop Owners [E166] - Chris Cotton Weekly Blitz
The Importance of Safety and Compliance in Automotive Shops [RR 957]
Should I Pay My Spouse? Should We File Separate? [E119] - Business By The Numbers
15 Car Maintenance Rip-Offs Explained [THA 381]
Walker's Hierarchy of Marketing Needs [E101] - The Auto Repair Marketing Podcast
Zero Sum and Pro Wrestling [E135] - Diagnosing the Aftermarket A to Z
Are You Really Checking Batteries and Tires? AAA Knows You’re Not! [RR 956]
Dressing to Impress: Setting the Standard of Professionalism in Your Auto Repair Shop [E165] - Chris Cotton Weekly Blitz
Chilling Truths: The Impact of New Refrigerants in the Automotive Aftermarket [RR 955]
Housing Market, Paying Off Your House and Sky High Interest Rates [E118] - Business By The Numbers
Shop Owner Reacts to His 360 Review From His Team [THA 380]
A Meeting Of The Marketing Minds [E100] - The Auto Repair Marketing Podcast
The Sport of Auto Repair with Chris Jones [E134] - Diagnosing the Aftermarket A to Z
The Impact of Internal Training [RR 954]
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