STX: Increasing Gross Profits Starts with Looking at Labor

STX: Increasing Gross Profits Starts with Looking at Labor - WORLDPAC expo continues with management, technical classes.

While attending the first ever WORLDPAC Supplier & Training EXPO (STX) Oct. 23-25, 2009 in Orlando, FL, Motor Age Editor Tschanen Brandyberry had a few things to say after attending instructor Kelly Bennett's business training class, Increasing Gross Profit.

Excepts from the article:

So by working on increasing sales, increasing gross profit and decreasing expenses, you can make more money. Kelly Bennett focused on increasing gross profit in his class “Increasing Gross Profit” during WORLDPAC’s second day of its first supplier and training expo.

Working through financial examples, Bennett, who also leads WTI classes for WORLDPAC, highlighted ways to increase gross profit, the money left after everything you sell is paid for.

“I think we’re trying to make it up in volume,” [Kelly] says. “And there are other ways to make up for it other than volume.”

. . . The question you need to ask yourself when expenses increase is not how am I going to pay for it,” Bennett explains. “The question is how is the customer going to pay for it. That’s business.”

View the full article below:

Increasing Gross Profits Starts with Looking at Labor: WORLDPAC expo continues with management, technical classes.

During the WORLDPAC Supplier & Training EXPO Kelly Bennett's Increasing Gross Profit class drew a crowd of over 100.

To learn more about the WORLDPAC Training Institute (WTI) and training options available near you, visit the WTI Business and Technical Training websites:

Business Development Program
Technical Training Program
Performance Groups

www.worldpac.com

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