Fix Auto UK partners with Sherwin-Williams
ILC ARTICLE, 7th October 2020
Fix Auto UK has announced a new partnership with global coatings company Sherwin-Williams through its Automotive Finishes division.
This further supports the network by offering access to the latest products, technology, colour tools, and world-class service that Sherwin-Williams provides. This partnership will provide Fix Auto UK with its first direct supply agreement with a paint and coatings provider.
Commenting on the new relationship, Ian Pugh, Fix Auto UK’s managing director, said, ‘The innovative and fresh approach Sherwin-Williams has taken to the market is perfectly aligned to the needs and ambitions of Fix Auto UK. We look forward to developing this relationship and continuing to bring additional value to our franchise partners.’
Tom Noble, market manager UK, Sherwin-Williams Automotive Finishes added,
Cost of Doing Business
Take a year of data such as your rent, rates, utilities, staff wages, technician wages, loans, courtesy cars, or any other cost that accrues to your business. The total of these is the amount it takes you to break even for the year.
Operational Output
Now take all your earnings. Take a year’s worth of labour sales, parts sales minus costs, paint and material sales minus costs, and any sublet revenue minus of course, the cost of the sublet. Now take that collective amount and divide that by the hours produced for the same period. This gives you your operational output per hour.
Breakeven Hours
Now divide the cost of doing business by the operational output per hour, and you have the number of hours per year you need to breakeven. Now divide that by the number of working days in the year, and you have your daily hours required to breakeven.
Successful and sustainable businesses are proactive by nature. They know what to do and how to do it, particularly when something unexpected happens. Above all, they know and understand the monetized impact of what just happened and the monetized impact of their actions.
You can’t always control everything - but you can control how you react to everything by defining your game plan and how you play the game to achieve success.