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Understanding critical metrics for collision center success
This course provides new owners, new managers, and potential candidates for management with the basic accounting and financial fundamentals to better understand what drives overall business performance.
Maintaining strong performance isn’t always easy. Improving performance can be very challenging. Attempting either without a solid understanding of the metrics that drive success can be limiting.
This foundational course explores the critical metrics for collision center operations. Participants will gain an improved ability to apply course teachings directly to their business.
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COURSE OBJECTIVE
To provide a basic understanding of profit and loss statement analysis, and to understand the drivers behind financial performance.
TOPICS COVERED
- Understanding General Accounting Methods
- Understanding Basic Financial Statement Accounts
- Understanding Revenue Types, Revenue Sources, And Sales Mix
- How to Calculate And Interpret Key Financial Metrics
- Measuring Current State Performance
- Job-Costing And Expense Control
- Profitability, Breakeven, And Cash Flow
- Strategies For Improving Business Success
WHO SHOULD ATTEND
New Shop Owners, New Shop Managers, New Shop Managers within an MSO, Administrative Staff Members identified as a prospective future manager.
COURSE LENGTH
1-day class
CLASS SIZE
10 minimum, 20 maximum
CERTIFICATION & TRAINING MATERIALS
Participants will receive a student manual, course handouts, lunch, refreshments, and an MVP certificate of completion.
MINIMUM REQUIREMENTS
Any PPG or Nexa Autocolor
® customer is eligible to attend any MVP Business Development Series course
FOR MORE INFORMATION
MVP Hotline: 1-866-237-8178
MVPmailbox@ppg.com