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Financial Process

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SOP Formation and Review

SOP 410 – ScoreCARD How-to

  • The ScoreCard Review
  • How to determine good and what needs to be fixed
  • Learn It – Use It – Teach It
  • See the ongoing Value $$ with the ScoreCard

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Financial Process

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SOP Formation and Review

WOIT Discussion and Notes Formation and Review

Today’s Think Tank Questions & POV Discussion

  • What are your BIGGEST Financial Challenges right NOW?
  • Mastering Your Results Financial Content Review
  • Online Library Financial Review
  • Financial $avvy Language Review
  • Anchor Report comparing YTD July 2022 to Dec.Year End 2015 and 2008
  • By using Sawtooth Page 10 and Page 6
  • Budget Spreadsheet Review of tab to create TCODB
  • Challenge for next time was to calculate your TCODB using the tab

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Financial Process

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Mindset Question Roundtable

What would be a new title for you?

TEN Financial Knowledge Principles

  1. Stacking Up Cash
  2. Know your TCODB
  3. Daily Scorecard
  4. Set dates for Financial Milestones
  5. Become Debt Free
  6. Grow – Scale – Sell
  7. Investments Types and Ways
  8. Recipes for Now – When – Next
  9. Owner Pay Plan
  10. True Net Profit Distribution Plan

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How SOPs - standard operating procedures - can transform your auto repair shop

Photo by Tetiana SHYSHKINA on Unsplash

Document & Implement, The Power Of SOPs

Have you ever walked through your business and noticed people performing the same task in five different ways? You aren’t sure which one is the fastest, but you are sure that you would prefer everyone do it one defined way. At least then, you can measure what is wrong and decide how to improve. That is where SOPs (Standard Operating Procedures) come in, and they only get better from there!

While SOPs may seem like a lot of work to create, they will save you time and money in the long run. By having SOPs in place, you can train new employees more quickly and easily. Making it easier to monitor employee progress, measure tasks, and improve company culture. Most importantly, SOPs can help you net more revenue!

What are SOPs?

SOPs (Standard Operating Procedures) are simply detailed instructions on how to perform a task. They vary widely! SOPs can be as simple as a one-page document or complex manuals that are hundreds of pages long.

When composing SOPs, and when considering how standard operating procedures can transform your auto repair shop. Keep in mind that they should be clear and concise. So that anyone who reads them can understand and follow the instructions. Standard operating procedures should also be specific enough to complete a task thoroughly but digestible and actionable.

As old as time, SOPs are nothing new. In fact, they have been around for centuries in one form or another. The military has used SOPs for millennia to ensure that their soldiers are efficient and effective on the battlefield. SOPs were first formalized in the industry during the early days of the automobile assembly line. The auto repair industry developed SOPs to ensure that each car was built the same way, with the same high level of quality.

Should I use SOPs in my auto repair shop?

Today, SOPs are used in businesses of all types and sizes, from small mom-and-pop shops to large multinational corporations. SOPs provide a process or set of steps to complete a task so that employees perform the same way every time. This consistency saves time and helps to ensure quality and avoid mistakes. You can use them in any industry, but they are especially helpful in service-based businesses, such as auto repair.

With the incredibly complex nature of auto repair tasks and workflows, it is essential that you take steps to standardize things. This will not only help reduce confusion and improve efficiency, but it will help you get new employees up to speed faster!

Business coaching Through You Net Results

We know this process is daunting, and that is why you have us at You Net Results. We guide you through the process with detailed templates and instructions. We’ve helped countless auto repair shops do the same, netting greater returns as a result. 

Contact You Net-Results today for a complimentary consultation. Brian Gillis & team will help you build your SOPs and plug you into a vast network of auto repair shops, working together to make the industry stronger! Let’s make August the best month of your business life!

Anchor Financial Process

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SOP Formation and Review

WOIT Discussion and Notes Formation and Review

Think tank discussion:

  • If a staff member asked you what you made each year, what would you tell them? Listen to the answers.
  • Plus Anchor Report Page 8
  • Supplemental Statistics Discussion

Introducing the YOUTOOLS BIG Three

  1. TENAnchor FinancialTools
    Connecting the DOTS
  2. TENFinancial
    Knowledge Principles
  3. Turnaround Point
    Finding Your Financial Points

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Financial Process

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SOP Formation and Review

WOIT Discussion and Notes Formation and Review

  1. “We need your help!” survey – so you can create Your Best Results.
  2. Comparing Jan 2021 – March 2021 to Jan 2022 – March 2022 Discussion
  3. ScoreCard Review with brian

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Anchor Financial Process

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SOP Formation and Review

WOIT Discussion and Notes Formation and Review

  • #407–8-SOP-TCODB Tracker
  • ScoreCard Review
  • TCDB In Depth Discussion
  • Mastering Your Results Review

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SOP True Cost of Doing Business Tracker

Financial Process

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SOP Formation and Review

WOIT Discussion and Notes Formation and Review

0407-7-SOP-Credit Card Fees Profit Eater

Supreme Auto Care

Mike Meer, Shop Owner of Supreme Auto Care, shares what he has discovered
about Credit Card Fees.

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Anchor Financial Process

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SOP Formation and Review

Mastering Your Results Review

  • Fuel Maximizer Service Creation
  • ScoreCard Review
  • Introducing the Financial Recipe Spreadsheet
  • E-Myth FN-0060 Review
  • TCODB using Dec 2021 Anchor Report discussion

Description

  • FOR Daily Operation Library
  • SOP Fuel Maximizer Service #0541
  • Fuel Maximizer Service Opportunity, when fuel prices are higher than normal – so we can help our customers achieve the best fuel efficiency by offering service that can make a difference and save them $

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Anchor Financial Process

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SOP Formation and Review

WOIT Discussion and Notes Formation and Review

  • State of the Shop delivered by each attendee
  • Budget for Profit Spreadsheet Tabs Review
  • November 2020 versus 2021 page 10 review
  • November 2020 versus 2021 page 6 review

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