Articles Tagged with ''business''

Lynn Woolf
From the Desk of Lynn Woolf

The Right Way to Apologize

Mistakes in business are unavoidable. At times, your dealership may under deliver, overpromise, recommend the wrong kind of equipment or, for whatever reason, be less professional than you would like. Combine that with situations out of your control, such as delayed parts delivery or manufacturer errors, and there is the constant potential to make mistakes. Then what?
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The Big Picture

12 Shortcuts to Be a Better Boss

You can read management books or spend hours in the classroom to improve your leadership skills — or you can just follow some simple shortcuts.
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Notable and Quotable: Increasing Cash Flow

How to manage cashflow is one of the four decisions that every business must get correct to be successful (along with people, strategy and execution). Think of your financial results in this way: Revenue is vanity, profit is sanity, but cash is king. Without cash, dealerships will starve.
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The Big Picture

5 Legal Tips to Spruce Up Your Business This Spring

Spring is the season for a fresh start. The dreaded Tax Day has come and gone and you have hopefully taken a post-paperwork breather to refresh yourself. Why not use that renewed energy and momentum to get organized in other areas of your professional life?
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Stihl Chain Saws Thrive Outside the Big Box

When he bought Speed's Power Equipment in 1991, Sam Wilson felt the thrill of owning a small business wear off quickly. Amid a recession, his 15 employees struggled to sell pretty much any available brand of power tool in his shop about a mile south of downtown Salt Lake City. Then Home Depot (HD) opened eight blocks away. Wilson, now 51, was ready for a strategic Hail Mary.
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Best Practices

Dealer Invests in Learning to be a Better Business Owner

Toro's Lawnmower, Garden and Chainsaw Center has been in business for more than 42 years and Laura and Scott Toro have been running the business for more than 25 years. Despite their longevity, Laura Toro felt they could do more. And, as the person in charge of the finances, she wanted to better understand the business behind their business to help their dealership grow.
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