Podcast Preview (Episode 24): How to Prepare Your Shop for a Profitable 2024 (Part 1)

The Shop Management Show, AutoLeap’s new podcast, is turning its attention to the New Year for auto repair businesses. 

What steps should you take to prepare your shop for a profitable 2024? How can you hold yourself accountable with goal setting?

We covered these questions in detail with an industry expert. 

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Recap from episode 24

In episode 24 of The Shop Management Show, I was thrilled to be joined by Greg Marchand, COO of ShopPros.

Greg and I discussed:

  • Evaluating your shop’s performance from 2023
  • Conducting annual team reviews 
  • Reflecting on your effectiveness as a business leader 
  • And much more

Let’s recap some highlights!

Preparing your shop for 2024

Greg mentions that December shop numbers won’t determine your 2023. You already have a clear picture now of how the year went. It’s time to find a quiet place and evaluate the big picture.

Start with a thoughtful reflection on this question: what do you want 2024 to be? Consider what went well, where you fell short, and what changes you need to implement.

But don’t just spend a few hours here! Mull over these questions daily. Greg’s most essential advice here is to be intentional. Nothing in your business happens by accident. You can’t rest on hope for your business to perform better in 2024, so intention matters in this evaluation process.

Holding yourself accountable with goal-setting

It’s that time of year. New Year’s resolutions. A surge in gym memberships.

But we all know what happens by March. Old habits kick in, and many people return to where they started.

Greg discusses how the same premise applies to your shop planning! Your $1M revenue goal is fantastic, but you can’t achieve it with the same shop processes, employee productivity, and marketing strategies. 

To avoid this, Greg recommends finding an accountability partner. It could be a fellow shop owner, shop coach, or industry network. Write down your goals and communicate them to your partner. Call each other out when you’re falling short. This system can work and keep you accountable for your planning as 2024 gets underway.

Closing thoughts

Check out this episode today for more shop planning tips to ensure a profitable 2024.

Subscribe to the Shop Management Show today! The podcast is available on Apple Podcasts, Spotify, and other popular streaming services.

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