Car Repair and Maintenance

Complete Auto Repair

In 2009, I decided to leave my employer an open an independent auto repair shop.  I partnered with two others, a mechanic and a silent partner who provided capital. Within 12 months my partners decided they wanted out. I sold everything I owned to keep the business afloat! It was worth it.

Owner/Founder
Ronald Morgan
My Location
20120 Veteran's Blvd, Unit A
Port Charlotte FL 33954
United States
Employees
4
Year Company Formed
2009
My Successes

The business is growing, cash flow is positive and I am taking a decent salary from it. I now have 4 employees and am negotiating to buy the building I am renting. The improved cash flow will enable me to launch a new advertising program that I think will be very positive for the business. Port Charlotte SCORE has named me its Business Owner of the Year and I am soon to receive public recognition as the best auto repair shop in the area.   I look forward to growing the business over the next 5 years with Jim's help.

What's Great About My Mentor?

Jim really knows his stuff. He is persistent, patient with my lapses and is willing to spend a lot of time helping me. We must have met or emailed 50 times or more.

How SCORE Helped

I opened the business 2009. Customers liked the work I did and I was able to build sales fairly quickly.  Soon, I recognized that although I knew everything I needed to know about repairing cars, I did not know enough about running a business. I was "really scrambling" and contacted SCORE. Among other things I did not have an effective accounting system and as a result have a grasp of where my money was going. My mentor, Jim Getz, prodded me to set up a formal accounting system. He has worked with me for nearly 4 years to do so. With his help I finally got a good system up and running.  Along the way he provided other sound advice on business management practices. Contacting SCORE is the single best thing I've ever done for my business, and for me personally!  My mentor has helped me immeasurably to get my business on a solid financial footing and to understand the importance of making the effort to get that done.

Developing a plan for a new business (or even for an exiting one) can be a messy process.  There are many things to consider and often the process of developing the plan involves juggling lots of ideas and pieces of the plan.  This template is intended to help an entrepreneur organize all of the many ideas. One way to do it is to write each question on a sheet of paper and then spread the sheets out on the kitchen table.  Then as ideas come up or answers are found, write them on the appropriate sheet.  After while, as the sheets fill up, you will start seeing the best path for the organization. 

Bill Hoover

Unavailable

Tucson, AZ

Languages:English

How I can help you

President, VMS-West Consulting  (2002 to Present)

Executive VP Volvo Cars Asia Pacific  (1996-2001)

Executive VP Volvo Cars North America  (1990-1996)

Various positions/titles with Volvo starting in 1970

BC/BS of Lehigh Valley  (1967-1970) 

Areas of expertise

Industry Experience

Education

Lafayette College, Easton, PA

Major: Psychology  Minor: Economics

Communication methods

Have you found success with mentoring from Bill Hoover? Share your story.

Workshop Poster Fall of 2014

Ask SCORE
          My beauty supply business has grown significantly in the short time we’ve been in 
business and I’m considering hiring an accountant. How do I find the right one?

          There are many responsibilities that come with being a small business owner, and everyone is critical to maintaining profitability and promoting growth. You can’t risk letting a deadline slip or overlook an administrative requirement, yet there are only so many hours in the
day to get things done.

About the Author

          This column is brought to you by the Merrimack Valley Chapter of SCORE, with nearly 
70 current and former business executives available to provide free, confidential, one-on-one 
business mentoring and training workshops for area businesses. Call 603-666-7561 or visit 
merrimackvalley.score.org for information on mentoring, upcoming workshops and volunteer 
opportunities. SCORE is a national, non-profit organization and a resource partner of the U. S. 
Small Business Administration.

          After working for a large accounting firm for many years, I’ve decided to go out on my
own and specialize in helping small businesses with their accounting and financial needs.
          Initially, it will be just me, and to keep expenses down and be able to better manage my young
son, I’m thinking about operating out of my home. What are the pros and cons?

          For productivity, convenience, and downright comfort, nothing beats a home-based business. Here, most every day is “casual day,” and the only obstacle on your commute is dodging the cat or dog on your way upstairs.

About the Author

         This column is brought to you by the Merrimack Valley Chapter of SCORE, with nearly
70 current and former business executives available to provide free, confidential, one-on-one
business mentoring and training workshops for area businesses. Call 603-666-7561 or visit
merrimackvalley.score.org for information on mentoring, upcoming workshops and volunteer
opportunities. SCORE is a national, non-profit organization and a resource partner of the U. S.
Small Business Administration.

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Q: What are limited liability companies (“LLCs”), and what should businesses know about them?

A: LLCs are a new type of business entity that emerged in the early 1990s. They have many important legal and tax characteristics, but the key ones are these:

About the Author

John Cunningham is a N.H. business lawyer whose practice is focused on LLC law and tax. He chaired the N.H. Business and Industry Association committee that drafted the Revised New Hampshire Limited Liability Company Act, a radical revision of New Hampshire LLC law that went into effect on January 1st. LLCs are, by a wide margin, the entities of choice for N.H. business start-ups

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