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EDITOR'S LETTER

ONLINE 06.21

COMMENTS, DISCUSSIONS, FEEDBACK AND MORE FROM AROUND THE WEB

DATA DIVE THE UNCHANGING FACE OF LEADERSHIP

It seems today’s owners are still learning to let go.

According to the results of the Ratchet+Wrench Industry Survey, the average leader is still working long weeks. Although more shop owners are keeping themselves at a 50-hour cap, some are still laboring through 60-hour workweeks, turning wrenches, and never taking vacation.

When it comes to working on the business rather than in the business, it looks like there’s still room to grow, delegate tasks, and focus on the bigger picture.

For a fresh perspective on the value of taking time away from the shop head to ratchetandwrench.com/

take-a-vacation.

AVERAGE HOURS OF WORK PER WEEK VACATION DAYS PER YEAR

2018 2020 2018 2020

50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0%

<40 hrs 40-49 hrs 50-59 hrs 60+ hrs 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0%

No days 1-5 days 6-10 days 11-15 days 16+ days

RADIO

TUNE IN: PODCASTS

You don’t have to be a YouTube influencer to make the most of your video content.

From automated captions and thumbnail images to comment management and video descriptions that tell a story, Frank Leutz, owner of Desert Car Care in Chandler, Ariz., shares a few key tips for making the most of your video content that can help new users discover your shop over at ratchetandwrench.com/

optimize-seo

IN CASE YOU MISSED IT COVID-19 VACCINATION TAX CREDIT AVAILABLE FOR BUSINESSES

Small businesses can now receive a tax credit for providing employees with paid leave to receive and recover from a COVID-19 vaccine, the Society for Human Resource Management (SHRM) reports.

Organizations with fewer than 500 employees can receive the tax credit, which covers up to $511 per day for each vaccinated employee. According to recent SHRM research, 11 percent of employed Americans say they would consider getting the vaccine if their employer offered up to $150, and 21 percent would consider getting the vaccine if offered more than $150.

SBA ANNOUNCES NEW EIDL LOAN

The U.S. Small Business Administration (SBA) has launched a new round of Economic Injury Disaster Loan (EIDL) assistance for businesses hit most severely by the economic effects of COVID-19.

The new round of assistance, called “Supplemental Targeted Advances,” will provide $5 billion in additional assistance to 1 million small businesses and nonprofit organizations.

Applications will be processed on a firstcome, first-served basis, and eligible businesses must be located in low-income communities that suffered greater than 50 percent economic loss, with 10 or fewer employees.

CATALYTIC CONVERTERS TOP 2020’S MOST COMMON REPAIRS

CarMD.com, an automotive diagnostic data and business solutions company, found that catalytic converter replacement was 2020’s most common repair.

The company’s annual CarMD Vehicle Health Index additionally found that model year 2007 vehicles were the most likely to need check engine light repairs, with nearly 10 percent of all repairs coming from the 2007 model year.

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