Instructor Name: Jimmy Alauria

Sponsor: Victory Team Building

Course Title: The Simple Understanding of Effective Labor Rate, Gross Profit & Labor Rate To Manage Your Shop's Performance

Course Description: This seminar will make it easy to understand the key statistics to manage your shop. Effective Labor Rate, Gross Profit Margin and GP Per Hour all affect how you get to your target Net Profit and ultimately your shop's survival and expansion. Yet most shop owners and managers don't know HOW these numbers can help them determine IF & WHERE they have a problem or not.

You will learn:

• What is Gross Profit vs. Gross Profit Margin and WHY it is important to know the difference?
• What Effective Labor Rate is and what it DOES and DOES NOT tell you
• The simple math to determine what your Labor Rate should be....and it doesn't include your competition.
• How to set up your parts markup to hit your Gross Profit goals
• How to determine if you have a Productivity Problem or a Sales Problem that is causing LOST PROFIT
• NET PROFIT CALCULATOR - All attendees will get access to an online profit calculator that takes the guesswork out of what your Sales & Gross Profit needs to be in order to hit your EXACT NET PROFIT goals.
• Workbook with the formulas and examples for all the numbers you will learn about so you can put them to use right away!

Do you have a Sales Problem? Tech/Shop Efficiency Problem? Is your Labor Rate too low? Is your Parts Markup enough? Knowing how to read these numbers and what they mean will give you the answers you need to take your shop to the next level. You don't have to be in MYSTERY! You can be in CONTROL using these numbers!