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"A business that makes nothing but money is a poor business."
- Henry Ford

Running a successful collision repair business requires more than just the technical skills necessary to repair vehicles. A thorough understanding and practice of solid financial management skills is also needed. Through the Acoat Selected program collision repair professionals can learn everything from business financial basics to solutions for complex accounting scenarios. Regardless of your financial management skill level there exists an Acoat Selected course or consulting engagement to fit your needs. Entry level or seasoned professional, we have you covered.

We are proud to offer the following educational course in this area:

Estimating Consistency II
This course is designed to review and refine the Estimators’ skills relative to collision repair estimating. The participant will learn how to optimize profitability per repair order, while complying with insurer DRP requirements. Participants will be asked to write an estimate in advance of the course, and participants will critique one another’s estimates for thoroughness. Role-playing will allow the participants a chance to practice the various skills that have been taught.

Financial Analysis Overview
An understanding of the primary revenue streams and making better selling and staffing decisions as a result is important. This class provides an understanding of how to calculate gross profit per revenue stream, actions to improve the results, and proven methods for realistically reducing operating expenses.

Paint Materials Management
This course is designed to enable collision shop owners to optimize the sale and use of paint materials. Specific issues addressed include low paint materials gross profit, concern over amount of waste generated, lack of an organizational system for supplies, amount of inventory on hand, lack of standards for GL coding, ratios to watch for optimizing material profits, lack of technician buy-in to help solve problems.

Check out our calendar, or ask your local AkzoNobel representative if one of these courses are scheduled near you.

Looking for more? Check out our Consulting Services.

 
 
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