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Service Department: Priced Right and Managed Well ... but Still Not Profitable?

A well run service department should produce a 15-20% net profit. In fact, your service department should be the most profitable department within your company … but it's usually not. There are two reasons most companies find service unprofitable.

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Create a Business Plan - Your Roadmap to Success

Thursday, January 15, 2015

The starting point of any family vacation is determining where we want to go and when.  Your business plan starts the same way.  Where do you want the company to be in one, three or five years?  Do you want to double in gross sales, pick up additional products and services, or simply increase the bottom line profit in percentage and/or dollar amount?  You can't create a plan to reach your goal until you know where you want to go.  Most families know the destination of their vacation before they start their trip.  Your business is no different.  Step one is to answer the following question:  What do you want your company to look like several years in the future?

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