How Much Does It Cost You To Open Your Doors? [RR 722]
We know transparency with our people is important, but what does ‘sharing your numbers’ really mean? Are you explaining the backstory behind those numbers and how it affects the business, and most importantly, your employees? My guest Tim Shaffer simplifies the numbers side of the business and areas in your point of sale system that you might be overlooking.
Tim Shaffer, Dale’s Service Center, Davenport, IA https://www.dalesqc.com/
Key Talking Points
- Plan with numbers
- Getting the ‘whole story’ from shops- investigate the financials
- Business coach- there is no ‘magic pill’ for change. It comes from within.
- Most POS don’t account for calculating gross profit for labor. Parts costs must match POS and P&L
- How much does it cost you to open your door? P&L and fixed expenses and how many hours open per week = cost per hour (without wages/parts etc).
- Sharing numbers with your team- how numbers effects the business and themselves
- Bonus- the team works together for 1 goal monthly/quarterly
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Set your sights on Las Vegas in 2022. Mark your calendar now … November 1-3, 2022, AAPEX – Now more than ever.
More Time. More Profit. Transform your shop at getshopware.com/carm
About the author, Carm Capriotto, AAP
Carm is the founder and host of the Remarkable Results Radio Podcast and the pioneer of automotive aftermarket podcasts. Carm calls on his years of experience in the aftermarket to bring engaging stories from his guests.
Listen to raw, unfiltered, honest, and sincere stories that include insights, trends, best practices, and expertise. Each interview brings an opportunity to learn one new thing through the stories of personal achievement. Many podcast guests tell their story of transformation from working in their business to working on it.
As host of over 1,000 episodes, Carm uses his enthusiasm and passion for the aftermarket especially the service sector to take his listeners on a journey showcasing successful service professionals’ paths to Remarkable Results. He also enjoys interviews with aftermarket industry thought leaders who bring their industry perspectives to his listener.
Follow the podcast on your favorite podcast listening app and always listen to learn just one thing!