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 25771 - Getting Paid for Investing in Facility, Equipment and Training $10.00   
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Format: MP3 Download $10 - or - Compact Disc $12

Presented by: Tim Ronak

Description:

Repairers are facing significant additional tooling and training to repair modern vehicle construction materials and technology. This session will look at the shrinking Labor GP% due to additional costs of investment in equipment, facility and training. Strategies will be explored to understand the mechanisms at your disposal to offset these rising business costs to justify a return on that capital expenditure.

Learning Objectives:

  • What does current collision industry labor profitability look like currently and over the last several years?
  • Why do we need to invest in additional facility, equipment or training and how much total money will I have to spend?
  • How do I calculate my ROI on the capital investment required and what return is reasonable to expect?
  • What time period should I consider a payback period for this incremental new investment?
  • How do I equate the additional capital expense for facility, equipment and training into a reimbursable charge?
  • Should the cost be passed on to customers or is it a cost of doing business?

 





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Video of PowerPoints with Synchronized Audio - Download
is a downloadable video file.
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