In this episode of Profit Sharing in the Real World, host Danny Murphy dives deep into the world of profit sharing with expert insights from Dick Erickson, author of Profit Sharing in the Real World. Listen as Dick shares his decades of experience and reveals how meticulous tracking of numbers can uncover hidden profits in your business.
Learn about practical strategies used in the tire business, such as charging for valve stems, optimizing pricing strategies, controlling administrative costs, and increasing profitability through alignment services. Dick also highlights the significance of a call center in transforming customer inquiries into sales, emphasizing the importance of answering customer questions and booking visits.
Discover how understanding and monitoring key metrics can drive success, improve operational efficiency, and increase profits. This episode is a must-listen for small business owners and entrepreneurs looking to enhance profitability and operational excellence through strategic profit sharing and number tracking.
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.