CB = P+P .... A Forever Winning Formula

Now you get your answer:

CAR BUSINESS = PEOPLE AND PERCENTAGES!

(Sure automobiles have something to do with it, but why get technical?) The message that I am trying to convey in this discussion is simplicity. As I read and partake in so many of these dialogues, I find we get so caught up in the razzle dazzle of the technological world and the various extended facets that brings to our operation, that we sometimes stray from the basic formula...Car Business = People and Percentages.

"Nothing but Net" is a group formed to discuss ways to enhance the bottom line. That being said, every business decision we make on a day to day business: distribution of our advertising budget, how we structure our internet department and BDC, what we stock, who we hire, how we train, how we comply, how we pay..all these business choices affect our bottom line directly! However, the two basic rules will always apply: If we have the right people in place and we maintain our expense structure, monitoring ratios of expenses to sales/gross, we will be winners! Everything else is truly important but falls somewhere under the two major factors: People and Percentages!

So I ask you...How often do you sit down with your key people, department heads and management staff and really dissect the financial statement? This operating report outlining strengths and weaknesses is a road map directing you to opportunities and it is found right at your finger tips. If you have management who have not yet been exposed to the financial statement or are intimidated by it due to lack of training, GET THE TRAINED!!!

Get involved in discussions here, start a new discussion if there is a subject which intrigues you and you want to know more. Nothing but Net is fortunate to have as its members many top leaders in automotive consulting who are offering their advise here for FREE! I will be happy to answer any questions you may have regarding the financial statement!

Speaking of P and P.. There are over 4200 members here and only 100 have joined Nothing but Net, which is only 2.38%.. I would think the other 97.62% would also like to enhance their bottom line.. Thanks for listening and please consider joining...There is so much to talk about and who doesn't want to meet new colleagues in this fantastic automotive networking platform and add a little net profit to that bottom line!

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Comment by NANCY SIMMONS on November 14, 2010 at 2:07pm
Thanks Bobby once again for your innovative insight! Drive the traffic..don't let the traffic (of lack of) dictate our numbers! Love it BC!
Comment by NANCY SIMMONS on November 14, 2010 at 1:53pm
Thanks so much John for your affirming commentary. I thought the picture was perfect too! Pretty cool...huh?

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