Episode 87 - Calculating Your Labor Rate for Auto Repair Shop Owners

Today’s episode is about what's driving you when it comes to your labor rate. When I ask the shop owner, “Hey, here's a part, it costs this much. What are you gonna sell it for?” They have a calculation. They have a mathematical equation that they use to determine the selling price of that part. But when I ask that same shop owner, “How do you figure out your labor rate?” I typically hear, one of two things. Think about how YOU would answer this question and then press play to listen along!