Internet Training Classes
Here are This Spring's On-line Training Classes:
Carrier and Bryant dealers who need FAD credits - the approved number of FAD credits are in parentheses. These classes are open to dealers who do not need FAD credits.
Profits, P&L’s Pricing, and More (1 Day FAD Business Credit)
Practical Business Planning (1 day FAD Business Credit)
Grow Your Maintenance Residential Agreements (2 days FAD Business Credits)
Grow Your Maintenance Commercial Agreements (2 days FAD Business Credits)
Specific course dates, materials, and the enrollment form are next.
Profits, P&L’s, Pricing and More (offered twice)
Four sessions: February 14, 21, 28, and March 13, 2012
Four sessions: October 9, 16, 23, and 30, 2012
Watch a video overview:
http://www.hvacchannel.tv/program_detail.php?ep=3836
Profits, P&L’s, Pricing and More is designed exclusively for Carrier and Bryant dealers to give you the tools you need to understand and profit from the financial side of your business. After these four weeks you’ll recognize when “things don’t look right”. When you complete it, you should know enough to question your accountants, whether they are internal or external to your company. The only way that you can keep your hard earned money is to know that your financial statements are correct each month. You have to know the score and believe the score each month.
Are you going to have to do some work?
Absolutely. You can’t get this information into your head without putting in some effort. This is four one-hour weekly sessions with critical information, explained in ENGLISH, so you can easily apply it to your business and understand your scorecard. You’ll have practical homework, using your business’ information, or the sample business information, to get ready for the next session.
Details about Program:
• Each session is 1 hour in length.
• As with all on-line programs in this brochure, you do not have to attend the live sessions. More than 80% of the program participants watch the programs in the evenings and on weekends. You don’t have to take time out of your revenue producing days to attend class.
Session 1 – Balance sheets, income statements and gross margin analysis
Session 2 – Pricing, break even, departmentalization, profitability analysis
Session 3 – Short term benchmarking, critical financial ratios
Session 4 – Long term trend analysis, cash flow management
• Homework is an integral part of this program. You have two options: Use your financial statements or use the sample financial statements with the program. When you use your financial statements Ruth King personally reviews them. They are kept confidential.
You also receive:
• The Profits, P&L’s, Pricing and More course manual full of examples and explanations of the concepts covered in the on-line sessions
• Keeping Score: Financial Management for HVAC Contractors, Ruth King’s 86-page manual written “in English” rather than accountingese
• The HVAC Residential Pricing Manual – Ruth King’s manual and templates for determining service rates, overhead, departmentalization, residential replacement prices and more
Grow Your Maintenance Agreements - ResidentialSessions: Mar 1, Mar 8, Apr12, May 10, Jun 14, Jul 12, Aug 9, Sep13, Oct 11, Nov 8, 2012
Watch a video overview:
http://www.hvacchannel.tv/program_detail.php?ep=4256
Overview
Maintenance agreements are essential for a stable, profitable HVAC company. Dramatically increase your residential and/or commercial planned maintenance agreement (PMA) enrollments using a systematic process.
Dealers implement what they learn every day. Learning and follow up is accomplished through monthly on-line sessions and reporting results each week. Ruth King reviews all reports and is available by telephone and email for questions/issues as they arise.
Here are the dramatic results for 2011
1.31 dealers started the program. 15 Finished. 16 did not.
2. Dealers who completed the program Dealers who did not complete the program
8,663 opportunities 5,420 opportunities
3,784 new maintenance agreements 1,545 new maintenance agreements
$3,973,281 in revenue from maint customers $968, 758 in revenue
44% average enrollment rate 29% average enrollment rate
3.The national average closing rate is 30% which was the results of dealers not completing the program. Those who followed the program and completed it averaged 44% - there were four who averaged under 30% and all four were just starting their programs (they had 0 to 50 agreements when they started last March). Of those who completed the program, 3 had 90% or better closing rates.
4. We proved in 2011 that when dealers follow the program - it works!
Residential HVAC Program Components
1. Monthly on-line sessions. Different sessions are held for dispatchers and service technicians, customer service personnel, managers and owners.
2. Residential Planned Maintenance Agreement manual.
3. Sample forms and agreements (use is NOT required).
4.Laminated scripts to use when talking with customers and prospective customers.
5.Sample letters to be sent using the instructions accompanying the letters.
6. Tracking forms.
7.Contest and activity plans.
Note: So that I can best help you achieve the results you want to achieve, weekly reporting of tracking results is required for FAD credits. With weekly reporting we can spot minor issues and correct them before they become major crises.
Sessions include:
• The “rules of thumb” – benchmarks for growing your maintenance base
• Pricing and marketing
• Creating the agreement culture
• Establish activity plan and contest
• Dispatch and technician responsibilities
• Customer objections and follow up
• Tracking maintenance agreements
• Renewals
Grow Your Maintenance Agreements - Commercial
Sessions: Mar 1, Mar 8, Apr12, May 10, Jun 14, Jul 12, Aug 9, Sep13, Oct 11, Nov 8, 2012
Watch a Video Overview
http://www.hvacchannel.tv/program_detail.php?ep=4256
Commercial HVAC Program Requirements
1. Technicians who can service, repair, and replace commercial equipment.
2. Part time marketing team member.
3. Sales person committed to commercial sales.
Commercial HVAC Program Components
1. Commercial Planned Maintenance Agreement program manual.
2. Commercial maintenance agreement pricing template.
3. Equipment survey form.
4. ASHRAE recommended maintenance procedures
5. Maintenance tracking form.
6. Sales person interview process.
7. Sales person commission structure.
8. Sales person tracking form.
9. Marketing letters and mailing instructions.
10 Proposal format.
Note: So that I can best help you achieve the results you want to achieve, weekly reporting of tracking results is required for FAD credits. With weekly reporting we can spot minor issues and correct them before they become major crises.
Sessions include:
• The “rules of thumb” – benchmarks for growing your maintenance base
• Pricing
• Creating the agreement culture
• Establish activity plan and contest
• Dispatch and technician responsibilities
• Customer objections and follow up
• Tracking maintenance agreements
• Renewals
• Marketing
Are you going to have to do some work?
Absolutely. Building a maintenance agreement culture takes time and continuous effort. You can’t do this simply by watching the programs. You have to take the program information and execute it in your business.
Enrolling less than 5 additional residential agreements or 1 commercial agreement will pay for your investment in this program.
Or, increase your flat rate hourly rate by $5 per hour. This will cover all of your program and marketing expenses and add less than a dollar to most repairs. If you have the Profit Strategies flat rate system, this system includes quarterly updates free of charge.
Practical Business Planning
Four sessions: October 8, 15, 22, and 29, 2012
Watch a video overview:
http://www.hvacchannel.tv/program_detail.php?ep=4056
Practical business Planning is designed exclusively for Carrier and Bryant dealers to give you the tools you need to write, implement, and track your company’s business plan. During this class you write a 3-page business plan that you can use every day to guide your business operations. After these four weeks you’ll have a realistic marketing plan, a realistic budget, and document that helps you achieve the goals you want to achieve.
Are you going to have to do some work?
Absolutely. You can’t get this information into your head without putting in some effort. This is four one-hour weekly sessions with critical information, explained in ENGLISH, so you can easily apply it to your business. You’ll have practical homework, using your business’ information to get ready for the next session.
How does the Program Work?
You participate in these sessions from the convenience of your home, office, or on the road...anywhere a connection to the Internet exists. The sessions are live on HVACChannel.tv. You have the opportunity to ask questions and participate through calling in or chatting in to Ruth King, the facilitator. And, chat messages are totally anonymous. No one, not even Ruth, knows who is asking the question. You can feel comfortable asking any question…no one knows it’s you (unless you put your name at the end of your question).
If you miss a live session or want to review it, the sessions are recorded so that you have access to them 24 hours per day. When you register, you'll receive a password and instructions on logging in for the sessions.
Details about Program:
• Each session is 1 hour in length.
• You do not have to attend the live sessions. More than 80% of the program participants watch the programs in the evenings and on weekends. You don’t have to take time out of your revenue producing days to attend class.
Session 1 - Overview, goal setting, establishing where you are now and where you want to go
Session 2 – Marketing/advertising realities, social media, client definition
Session 3 – Financial budgets
Session 4 – Putting the plan together. implementation, tracking
• You can watch each program as many times as you’d like. If you miss something the first time, the programs are available to watch again at your convenience.
• Homework is writing a 3-Page Business Plan which must be submitted for those who need FAD credit.
Who is Ruth King?
Ruth King, an HVAC industry veteran with over 25 years helping contractors with growth and financial issues, leads all classes. She personally reviews your financial statements (your option) and homework. She is available to answer questions and give guidance. All participants receive her cell phone number so they can contact her evenings and weekends – whenever they have a question.
Here’s what Carrier and Bryant dealers say about Ruth’s Classes
“To be honest, I was not too excited about this course. But I thought it would be an easy way to get my CFAD training in. I did not want to hear one more person tell me this difference between mark and margin.
This has been VERY good. I am a service tech turned small business owner (20 years ago) with no accounting background what so ever. I quickly went to every school I could find, but in recent years I got tired of conventions and schools.
After 4 hours in your training, I have also learned that I have gotten lazy. You have forced me to look at my business and especially my use of labor. I had gotten “wimpy” and decided that is just the way things are in a recession. But that is going to change!”
“I normally don’t get jazzed about this stuff but I’m jazzed.”
“I’ve been through other financial classes. With yours I really got it for the first time. The light bulb finally went off.”
“I was in your P&L class last month and I have to say I loved it, I'm not worried about the FAD credits as much as I am about getting this straight in my head. Thank You for what you have done for me already.”
“I just wanted to drop you a line and thank you. It is the best money I ever spent. I now understand how to read my financial statements and what the income statement and balance sheet mean. Funny when you buy QuickBooks no one really explains things the way you do.”
“Thank you Ruth for being so patient with me. I am working with what I am finding are not good financials – but I guess that is what this class is for, to open our eyes. And believe me, mine have been opened. I am the daughter-in-law of our owners and we’re in for a lot of changes thanks to you.”
How to participate in On-Line Classes:
Call us at 877-520-4321 or 770-729-0258. We’ll take your registration on the telephone. Or, complete the form below and fax it to us at 678-969-2791. Or, email to ruthking@hvacchannel.tv
Name ____________________________________________________
Company Name ____________________________________________
Street Address _____________________________________________
City _____________________ State __________ Zip Code__________
Telephone Number ________________________
Email Address: ___________________________
$397 – Profits P&L’s Pricing and More February Session $ __________
$397 – Profits P&L’s Pricing and More October Session $ __________
$397 - Practical Business Planning $ __________
$997 – Grow Your Maintenance Agreements – Residential $ __________
$997 – Grow Your Maintenance Agreements - Commercial $ __________
TOTAL $ __________
Credit Card: Visa MasterCard American Express
Card Number ____________________________________________
Expiration Date _______________________Security Code ________
Name on the Card _________________________________________
Signature __________________________________________________
Billing Address (if not same as above) ___________________________
__________________________________________________________
Upon receipt of your enrollment, you will receive the course information for that course. Questions? Call 877-520-4321 or 770-729-0258.
Fax this completed page to 678-969-2791 or email it to ruthking@hvacchannel.tv
