Gearbox Podcast

Navigating Profit Distribution and Managing Employee Performance in the Automotive Industry With Lalo Castro


Listen Later

In this episode, Lalo Castro returns to shed some light on some crucial aspects of team management. He shares his team's unique arrangement, where the net profits are divided equally among all members. Lalo explores the potential challenges that could arise if the team had more experienced members and highlights the importance of recognizing and managing employees who may negatively impact team morale.

He also delves into the crucial roles of a service advisor and an estimator, emphasizing the need for effective communication between clients, advisors, and technicians. Finally, Lalo discusses the financial side of running a business, sharing his experiences with providing bonuses to his employees and the potential trade-offs that come with it.

00:05:05 Finding answers, but no vehicle or parts.
00:08:13 Practice, self-improvement, and unrealistic expectations at training.
00:14:39 July went well, money was given as a bonus.
00:18:27 Fair, fault, team bonus, roles, group effort
00:22:09 Importance of feedback and decision-making for bonuses.
00:28:44 "Raise your rate, improve service, increase income."
00:33:55 Divide counter sales, prioritize, and advise.
00:41:13 Divorce, advisor, price, answers, biased, warranty, empathy.
00:44:29 Similarities between two things, division, bundling, price. Growth, ideas, training, seminars, and hearing others' experiences.
00:51:55 Ensure clear work orders for technicians and limit communication.
00:58:34 Marketplace protocol: Assist without disrupting current tasks.
01:04:32 Smooth schedule, work gets done calmly.
01:08:56 $200 Volvo XC 90, needs engine, salvage yard.
01:12:20 Long bed ad: engine knocks, $1,000.
01:18:58 Confusing ad for Chevy long bed truck.
01:21:58 Lalo is excited for ASTE

...more
View all episodesView all episodes
Download on the App Store

Gearbox PodcastBy Jimmy Purdy

  • 5
  • 5
  • 5
  • 5
  • 5

5

9 ratings


More shows like Gearbox Podcast

View all
The Joe Rogan Experience by Joe Rogan

The Joe Rogan Experience

225,807 Listeners

Remarkable Results Radio Podcast by Carm Capriotto, AAP

Remarkable Results Radio Podcast

69 Listeners

The Diesel Podcast by The Diesel Podcast

The Diesel Podcast

437 Listeners

Ratchet+Wrench Radio by Ratchet+Wrench

Ratchet+Wrench Radio

24 Listeners

Automotive Diagnostic Podcast by Sean Tipping

Automotive Diagnostic Podcast

110 Listeners

Changing The Industry Podcast by David Roman & Lucas Underwood

Changing The Industry Podcast

79 Listeners

Chris Cotton Weekly Blitz by Chris Cotton

Chris Cotton Weekly Blitz

5 Listeners

Diagnosing the Aftermarket A to Z by LSTN Media LLC

Diagnosing the Aftermarket A to Z

16 Listeners

Business By The Numbers by LSTN Media LLC

Business By The Numbers

27 Listeners

The Auto Repair Marketing Podcast by LSTN Media LLC

The Auto Repair Marketing Podcast

2 Listeners

The Jaded Mechanic Podcast by Jeff Compton

The Jaded Mechanic Podcast

37 Listeners

The Tucker Carlson Show by Tucker Carlson Network

The Tucker Carlson Show

15,249 Listeners

AutoFix AdvisorCast by Michael Doherty

AutoFix AdvisorCast

4 Listeners

AutoFix TechnologyCast by Chris Cotton

AutoFix TechnologyCast

3 Listeners

Confessions of a Shop Owner by Mike Allen

Confessions of a Shop Owner

8 Listeners