Episode 245 - Why Shop Owners Need a Plan Beyond Fixing Cars With Cecil Bullard

Don't get to the end of this year wishing you had taken action to change your business and your life.
Click here to schedule a free discovery call for your business: https://geni.us/IFORABE

Don't miss an upcoming event with The Institute:
https://geni.us/InstituteEvents2026

Shop-Ware gives you the tools to provide your shop with everything needed to become optimally profitable.
Click here to schedule a free demo: https://info.shop-ware.com/profitability

Transform your shop's marketing with the best in the automotive industry, Shop Marketing Pros!
Get a free audit of your shop's current marketing by clicking here: https://geni.us/ShopMarketingPros

Shop owners, are you ready to simplify your business operations? Meet 360 Payments, your one-stop solution for effortless payment processing.

Imagine this—no more juggling receipts, staplers, or endless paperwork. With 360 Payments, you get everything integrated into a single, sleek digital platform.
Simplify payments. Streamline operations. Check out 360payments.com today!

In this episode, Lucas and David are joined by Cecil Bullard, industry veteran and business coach. Cecil shares the importance of properly valuing diagnostic labor in automotive shops, explaining why most shops fail to charge adequately for the complex testing modern vehicles require. The conversation highlights the necessity for shop owners to plan for their financial future, emphasizing retirement strategies and the risks of working solo. Finally, they discuss the value of building a strong team and why technicians with no interest in leading or managing should reconsider opening their own shop.

00:00 DHT's Impact on Male Development
08:25 Auto Shop Diagnostic Process
14:58 Hormones, Cars, and Adjustments
20:55 Optimizing Average Repair Order
26:23 Professional Standards in Coaching
32:23 "Raise Your Labor Rate"
33:52 "Revenue Variance Insights"
41:03 "Family Shop Management Plan"
46:51 "Contentment, Family, and Responsibility"
50:35 "Solo Work: Control vs. Risk"
57:30 Risk Balancing for Lifestyle Goals
01:02:58 Debt vs. Investing Motivation Struggles
01:06:09 Sun's Shift in Auto Shop Strategy
01:14:51 "Perspective and Self-Improvement Insights"
01:17:37 "Beyond Fixing Cars"
Episode 245 - Why Shop Owners Need a Plan Beyond Fixing Cars With Cecil Bullard
Broadcast by