AMI Accepting Applications for Six Scholarships -

AMI Accepting Applications for Six Scholarships

The Automotive Management Institute (AMI) is accepting applications for the following six scholarships to be awarded this year: the Emil Stanley Merit Award, the BodyShop Business Magazine Scholarship, the Gale Westerlund/Richard Cossette Memorial Scholarship, the Tom B. Babcox Memorial Scholarship, the Automotive Video Inc. (AVI) Educational Scholarship and the Zurich "High Octane" Scholarship.

The Automotive Management Institute (AMI) is accepting applications for the following six scholarships to be awarded this year: the Emil Stanley Merit Award, the BodyShop Business Magazine Scholarship, the Gale Westerlund/Richard Cossette Memorial Scholarship, the Tom B. BabcoxMemorial Scholarship, the Automotive Video Inc. (AVI) Educational Scholarship and the Zurich “High Octane” Scholarship.

Three scholarships help pay expenses for recipients to attend the 2010 International Autobody Congress & Exposition (NACE) in Las Vegas, Oct. 10-13. These scholarships are the Emil Stanley Merit Award, the BodyShop Business Magazine Scholarship and the Gale Westerlund/RichardCossette Memorial Scholarship.

The $1,000 Emil Stanley Merit Award is awarded annually to an individual whoworks in an Automotive Service Association (ASA) Collision Division member-business in good standing and who displays a desire to improve their business skills through management education. The 2010 award marks the 20thyear in which AMI and ASA have honored Emil Stanley with this commemorative management-oriented scholarship.

The $1,000 BodyShop Business Magazine Scholarship is also presented annually. AMI’s resource development effort, EXCEL, in conjunction with Babcox Publications, established the scholarship that is awarded to an ASA Collision Division member-business in good standing and who displays a desire to improve their business skills through management education.

The Gale Westerlund/Richard Cossette Memorial Scholarship is offered in conjunction with ASA to honor the contributions these individuals made to AMI, ASA and the collision repair industry.

NACE, the world’s largest collision repair event, is sponsored by ASA and offers a comprehensive lineup of AMI, industry and technical seminars, a trade show with 350-plus exhibiting companies and the opportunity to network with other collision industry professionals.

The remaining three annual scholarships help cover expenses for recipients to attend the Congress of Automotive Repairand Service (CARS) in Las Vegas, Oct. 10-13. These scholarships are the Tom B. Babcox Memorial Scholarship, the Automotive Video Inc. (AVI) Educational Scholarship and the Zurich “High Octane” Scholarship.

The $1,000 Tom B. Babcox MemorialScholarship was established by EXCEL, in conjunction with Babcox Publications. It is awarded toan ASA Mechanical Division member-business in good standing and who displays a desire to improve their business skills through management education.

The Automotive Video Inc. (AVI)Educational Scholarship was established by EXCEL, in conjunction with AVI, a leader in automotivediagnostic and repair training programs for automotive repair professionals.The scholarship is based on proceeds from “Casino Night,” a fundraising effort held during AVI’s Annual Training Conference.

The $1,000 Zurich “High Octane”Scholarship was established by EXCEL, in conjunction with Zurich, formerly Universal Underwriters Group. It is awarded to an ASA Mechanical Division member-business in good standing and who displays a desire to improve their business skills through management education.

CARS, also sponsored by ASA, offers an educational lineup of AMI seminars, technical courses and industry sessions, a trade show with 40-plus exhibiting companies and the opportunity to network with other automotive service professionals.

Additional details and requirements areavailable on the AMI website at www.amionline.org.

To request a scholarship application, call AMI at (800) 272-7467, ext. 241, or fill out a scholarship application online at www.amionline.org. Applications must be received by AMI on or before Aug. 13, 2010. The scholarship recipient will be notified by AMI on or before Sept. 13, 2010.

AMI was established in 1989 to answer the demand for continuing education tailored specifically for the business needs of the automotive service industry. The Institute offers the Accredited Automotive Manager (AAM) designation, the first business management accreditation exclusively for the automotive service professional. To date, AMI programs have attracted more than 192,000 enrollments throughout North America. AMI is a not-for-profit educational foundation to which tax-deductible contributions can be made. For more information about the Institute, its curriculum, or EXCEL, contact AMI at (800) 272-7467 ext. 241, or visit the AMI website at www.amionline.org

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By Joe Marconi of Elite
Comebacks are a hot topic today. You need to track
all comebacks, determine the reason (tech error, part error, training issue,
other) and then calculate the true cost of the comeback.
Here are a few things to consider:
• The loss of time when performing the comeback; time that the tech can use to
perform other work and generate profit;
• The misc costs, such as overhead costs, supplies, cleaners, etc.;
• Towing costs, rental, etc.;
• Cost to morale;
• Reputation damage; and
• Reduction to your profit margin.
For every part issue, you need to
inform your supplier. Sit down with suppliers on a regular basis. Don’t return defective
parts until you have listed the parts, and maintain a report. Document
everything.
Part issues are increasing. Every shop
owner I speak to is frustrated over this.
Remember, comebacks kill your bottom
line. The more comebacks you have, the more they’re killing your profits.
This article was contributed by Joe Marconi.
Joe is one of the 1-on-1 business coaches who helps shop owners through
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