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DTSTART:20211104T233000Z
DTEND:20211105T010000Z
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SUMMARY:Financial Management for the Auto Repair Business\, presented by Vin Waterhouse
DESCRIPTION:This will be hands-on and attendees will do calculations of their shop's performance and compare their results to targets and results of the top 25% most profitable shops.\nWe start with monthly net profit goal and specific steps required to achieve it.\n\nImproved vehicle quality and the growth of electronics means shops sell fewer parts per driven mile. Shop owners have evolved to make the majority of their profit in labor like accountants\, carpenters\, electricians\, lawyers\, etc. This change requires unshakable attention to detail as you navigate the transition from parts profit dependency to labor G.P. paying all the bills and parts profit as add-on. Dollar-for-dollar the profit in labor is much higher than in parts.\n\n \n\nThe top 25% of most profitable shops earn almost 5 times the net profit as average shops. \n\nThis class demonstrates what they do differently and how they do it. Invest the time to be with other shop owners and discuss proven practices that take your shop to the next level. Receive a monthly budget for every category of your business and track your net profit daily with ease.\n\n \n\nSeize Control! \n\nMake your shop operate like a "franchise" with procedures for common repairs and business practices. Use proven systems for your shop and manage them. Once you fix your business\, fixing vehicles becomes fun again with less stress. Manage your systems\, take a vacation\, relax and not have to call your shop to put out fires.\n\n \n\nLabor Intensive & Diagnostic Labor Rates... \n\nallow you to sell parts at cost because the parts profit is built into the labor by using a unique formula. The formula allows you to make your full profit in labor like other professions. Now you can match internet parts pricing and make your full profit.\n\n \n\nOffice Efficiency \n\nYour business is as profitable as your front office is efficient. Do your techs work on vehicles 90% of the time when you have the work? Do you get paid for every hour your techs work on vehicles? Most shops don't and there is an easy fix to that.\n\n \n\nFactory Efficiency TM \n\nA 5% improvement in shop efficiency adds more than $1\,000 month per technician to your bottom line without changing prices. Learn where to improve and how to do it. \n\n \nMoney Back Guarantee - Plus...FREE analysis of your shop and a 1-on-1 coaching session with Vin Waterhouse.\n\n \nThis New & Restructured Virtual Session Limited to 15 shops!
X-ALT-DESC;FMTTYPE=text/html:This will be hands-on and attendees will do calculations of their shop'\;s performance and compare their results to targets and results of the top 25% most profitable shops.\nWe start with monthly net profit goal and specific steps required to achieve it.
\n\nImproved vehicle quality and the growth of electronics means shops sell fewer parts per driven mile. Shop owners have evolved to make the majority of their profit in labor like accountants\, carpenters\, electricians\, lawyers\, etc. This change requires unshakable attention to detail as you navigate the transition from parts profit dependency to labor G.P. paying all the bills and parts profit as add-on. Dollar-for-dollar the profit in labor is much higher than in parts.
\n\n \;
\n\nThe top 25% of most profitable shops earn almost 5 times the net profit as average shops.
\n\nThis class demonstrates what they do differently and how they do it. Invest the time to be with other shop owners and discuss proven practices that take your shop to the next level. Receive a monthly budget for every category of your business and track your net profit daily with ease.
\n\n \;
\n\nSeize Control!
\n\nMake your shop operate like a "\;franchise"\; with procedures for common repairs and business practices. Use proven systems for your shop and manage them. Once you fix your business\, fixing vehicles becomes fun again with less stress. Manage your systems\, take a vacation\, relax and not have to call your shop to put out fires.
\n\n \;
\n\nLabor Intensive &\; Diagnostic Labor Rates...
\n\nallow you to sell parts at cost because the parts profit is built into the labor by using a unique formula. The formula allows you to make your full profit in labor like other professions. Now you can match internet parts pricing and make your full profit.
\n\n \;
\n\nOffice Efficiency
\n\nYour business is as profitable as your front office is efficient. Do your techs work on vehicles 90% of the time when you have the work? Do you get paid for every hour your techs work on vehicles? Most shops don'\;t and there is an easy fix to that.
\n\n \;
\n\nFactory Efficiency TM
\n\nA 5% improvement in shop efficiency adds more than $1\,000 month per technician to your bottom line without changing prices. Learn where to improve and how to do it.
\n\n \;
\nMoney Back Guarantee - \;Plus...FREE analysis of your shop and a 1-on-1 coaching session with Vin Waterhouse.
\n \;\nThis New &\; Restructured Virtual Session Limited to 15 shops!
\n
LOCATION:Virtual
UID:e.9124.1294
SEQUENCE:3
DTSTAMP:20260406T191040Z
URL:http://mwaca.memberzone.com/events/details/financial-management-for-the-auto-repair-business-presented-by-vin-waterhouse-11-04-2021-1294
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