The consistent customer demand for high-quality auto repair makes a mechanic business a great recession-proof option for aspiring entrepreneurs. Lucky Sing started his car repair business, Lucky’s Auto Repair, with $20,000 in 2016. This video is sponsored by Broadly. Try Broadly for free. Visit the link: https://Broadly.com/UpFlip to learn more! Now, he’s bringing in a revenue of more than $40,000 every month, and in this interview, he’s telling our viewers how he achieved that impressive growth. Lucky worked a traditional 9 to 5 job before starting Lucky’s Auto Repair. He was looking for a career that would give him more of a challenge, and he found that by opening his own mechanic shop. His ability to build and lead a strong team has been a big driver of his company’s growth. In this interview, he’ll share his strategies to find and hire the best talent, along with his advice for other business leaders on how to get the most out of the team you build. Something else an auto repair shop absolutely needs to succeed is customer trust. We’ll find out where Lucky learned his car repair skills and how he ensures consistent quality and knowledge depth across his team. We’ll also delve into the nuts and bolts of how much it costs to run an auto shop, and find out if the shop’s 10% profit margins are what a new auto shop should target when setting its rates. Whether you own your own auto shop or are thinking about starting one, you’ll learn a lot of helpful tips from this video! And make sure you check out our other interviews with auto industry business owners: Sheepey Race: From Side Hustle to $7 Million a Year Tuning Cars ► https://www.youtube.com/watch?v=gpaXqc2fbIU Auto Business interview playlist ► https://www.youtube.com/playlist?list=PLaU6uY9Yy7XkECNQPPT_LNAxEghhffqv7 Resources https://luckyautoshop.com/ - Learn more about Lucky’s Auto Shop at their website https://mitchell1.com/ - Professional software for automotive businesses https://www.boltontechnology.com/ - Helpful marketing and workflow software for auto businesses https://eliteworldwide.com/ - Training and coaching services for auto shop owners https://quickbooks.intuit.com/ - Financial management software ideal for small businesses https://www.upflip.com/newsletter - Sign up for the UpFlip newsletter for advice delivered straight to your inbox https://www.upflip.com/podcast - Hear more business owner interviews on the UpFlip podcast Timestamps: 0:00 Intro 1:11 How Lucky Got Into The Business 2:38 Most Profitable Services 3:28 Creative Marketing Strategies 4:54 How To Get Started TODAY 6:26 Essentials You Need To Begin 7:50 How To Set Yourself Up For Success 8:54 Deep Dive Into Lucky’s Work 11:03 How Lucky Stands Out Over Competitors 12:27 Systems and Processes 14:19 Let’s Talk Numbers 15:27 Key Factors to Picking a Location 16:31 Advice on How To Scale 18:41 Building a Team 20:26 Learn This Trick with Taxes 21:42 Blitz Time with Lucky! 23:13 Overcoming Challenges 24:16 The Importance of Reviews 25:17 Key To Pricing 26:14 How Lucky Funded His Business 28:17 Necessary Skills To Start 29:14 How To Break Even 30:31 Management Tips 31:18 What Busy Months Are Like 32:42 Why a Website is Important 33:48 Key Resources 35:36 Valuable Training 36:33 The Future of Lucky’s 37:35 How To Avoid This Mistake #mechanic #carrepair #autorepair

• published: 25 Jul 2022
• views: 1124574