Here’s the latest article by Bob, as seen in NAEDA’s Equipment Dealer Magazine. Click to download Business Matters, July/August The Power of Expense Management in PDF format.
Here’s the latest article by Bob, as seen in NAEDA’s Equipment Dealer Magazine. Click to download Business Matters, June 2010 Service Department Expense Recovery in PDF format.
Several years back, a leading farm equipment manufacturer embarked on a program of “encouraging” farm equipment dealers to consolidate. Theoretically, fewer dealerships would mean larger, multi-store organizations that cover bigger sales territories and...
Farming and the farm equipment business are and always have been cyclical businesses. That’s sometimes easy to forget, especially coming off a few really good years like we are now. But the cycle will turn down and the only question is when. Read more to find out...
A common misperception among dealers is that revenue and/or gross profit is the key to profitability. Many believe that their main focus should be on increased sales and deriving higher gross margins from those sales. We respectfully disagree. Read more to find...
Rental is an interesting area to examine from a strategic point of view. Let’s look at rental growth in the last 20 years. In 1987, did you consciously make the decision to enter into the rental market? Consciously make the decision to commit a certain amount...