“You can’t get there from here.” How many times have we heard that? We still try. The fact is, we do eventually get there, but it is often not from here. Why?
Operations
Keys to Operational Success
Don’t Take Credit – it belongs to your team.
Take the Blame – you did not lead the team correctly
Structuring for Profit
Why is it that “back in the day”, you made a lot of money selling fewer cars with fewer stores and less headaches?
What was it that was different?
Inventory Turn Is King
We often say “Cash is King”, and then we go looking for it. Usually, we find it right on the lot. It is all that aged inventory. You know the stuff you don’t want to lose any money on because you can “Retail Out of It”.
Purchasing a Dealership
Successful acquisitions are a matter of planning and, more importantly, execution. Each step of the plan needs to be executed at the right time for the project to fall into place, on time, and on budget. Making that happen requires a knowledge base of all the challenges you will encounter when adding another store to your group.
Passionate About Profit
All too often we forget the Goal of the business. Peter Drucker said the purpose of a business is to create customers, but what is the Goal?
The Goal is to make a Profit.