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5 Steps to Grow Your Margins & Become More Profitable
- Duration 1 hour 6 minutes and 29 seconds
Guest Speaker
Cecil Bullard
CEO of The Institute for Business Excellence
MARGINS, MARGINS, MARGINS – The math is simple; the higher your labor and parts margins are, the higher your overall net profit is. However, many shops aren’t earning the profits they deserve because they struggle with their margins. A margin is the difference between the cost of a part or tech’s time to you and the price you sell it for; the bigger the difference, the more profits you’ll make. In this webinar, we’ll review 5 steps to help improve your shop’s margins and make you more profitable.
Key Takeaways:
- Understanding Your Margins
- Improving Your Labor Margins
- Reaching Target Margins
Access for the on-demand webinar
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Meet your speakers
Cecil specializes in business systems and processes. He works with business owners, managers and service advisors to learn what they need to become successful in the auto repair industry and maintain that level of success.
Cecil specializes in business systems and processes. He works with business owners, managers and service advisors to learn what they need to become successful in the auto repair industry and maintain that level of success.
