It’s the question that every workshop owner asks. How can I increase profit?
Growing profit in any business is challenging. It involves a clear strategy that is realistic, and achievable.
Workshop Mate has put together the complete guide on how your workshop can grow profit in 2021.
Automate your everyday tasks
We get it, managing a mechanical workshop is tough. Many mechanics often get caught doing time-consuming administration tasks.
Research shows that the average worker spends almost 25% of their time on manual tasks. This is time that could have been used to plan for future growth.
The first way you can increase profits is by automating everyday tasks such as bookings, parts inventory, customer reminders and invoicing.
A workshop management software reduces common time-consuming manual administration tasks through automation. All your everyday tasks like customer bookings and parts inventory get completed with minimal to no human input - giving you more time to focus on the more important areas of the business.
Evaluate your overheads
No matter what business you operate, if you fail to consistently manage your overheads you could find yourself in a serious cashflow hole.
A solution for workshops is to integrate your management software with your accounting package. Integrated accounting is the process of transferring information from program to program instantly and accurately. The benefit of integrated accounting is you can accurately manage all your business overheads in one location. You can instantly generate management reports and implement changes to areas that aren't performing.
Manage parts inventory more efficiently
If your workshop is managing parts inventory manually there's a high chance your making a mistake. As you know when stock numbers don't add up it could cost your workshop thousands.
Workshops should manage parts inventory in a workshop management software. The main benefit of using a management software for parts inventory is it automates your entire process. When a part is sold, the system will automatically update the stock numbers.
Report on your Marketing initiatives
Let’s face it the problem with Online Marketing is it is expensive. If you are running ads on different platforms such as Facebook and Google, you could be spending thousands each month. That’s why it is so important you track that you are getting your return on investment.
Before you start advertising it’s so important that you have a clear plan in place and understand all the costs involved. You would want to be sure you have an assigned budget, so you don’t overspend.
Staying on top of your marketing return of investment gives you the ability to make changes on the go instead of spending thousands which result in nothing.
Get the Right Workshop management Software
There is no point having a management system if it doesn’t fit your specific needs. Your management system should automate your day-to-day tasks, reduce your costs and free you up to focus on growth.
Before investing in a Workshop Management system, do your research. Find out who can give you the best bang for your buck. A problem with many Workshop management software's is they charge you per user. If you have 10 – 20 employees, this could be really expensive.
It’s so important that you understand what you need and what you want from your workshop software prior to signing up.
Where Workshop Mate can help?
Workshop Mate by Jeal is the complete mechanical workshop software that supports and automates every part of your workshop freeing you up to focus on growth.
Workshop Mate includes all your everyday features such as all-in-one quotes, invoices, barcoding, parts inventory, SMS reminders, service history, job allocation and tracking, Xero/MYOB integration, and more to help you run your workshop efficiently.
Some workshop software providers charge ‘per user’ but with Workshop Mate, you pay one fixed price for unlimited users!
Fast and Easy Data Import - No new installations or software upgrades - With 24/7 local support, we are with you every step of the way!
Click the button below to start your no-obligation 14-day free trail of Workshop Mate!