This Week in Business Strategies

Aug. 2, 2021

This week's roundup discusses how trusting family can hurt the family business, and ditching to-do lists for a new alternative. 

Aug. 2, 2021—To better assist shop owners with their business-building tactics Ratchet+Wrench has compiled a short list of essential leadership material from some of its favorite sources. Here's a look at a few must-read articles from the past week.

Forget the To-Do List. Here's What You Should Create InsteadInc. 

The problem lies in the to-do list itself.

Three Reasons Why It's Never Too Early to Invest in HREntrepreneur

Many startups and small businesses view human resources as an unavoidable cost center rather than a strategic contributor to their success.

When Trusting Your Family Hurts Your Family BusinessHarvard Business Review  

The performance of family-managed firms is mixed. To understand the drivers of variation, the authors conducted a meta-analysis of 204 studies covering 3.8 million firms.

About the Author

Ratchet+Wrench Staff Reporters

The Ratchet+Wrench staff reporters have a combined two-plus decades of journalism and mechanical repair experience.

Sponsored Recommendations

Find the right shop management system to boost your efficiency

Find the right shop management system to aid in efficient scheduling, communication and payment processing

Craft a strategic marketing plan

Develop strategies and communicate them to your staff to keep you on track

Establish and track your KPIs: Technician Productivity

WHAT IT IS: Technician productivity refers to the time a technician is available to work measured against the actual time spent working on positive cash flow repair orders. Tracking...

Empower your technicians with the right tools for efficient repairs

Foster a highly motivated and efficient team to get vehicles out the door faster