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Articles Tagged with ''succession planning''

Who Will Take Over?

By Lynn Marcinkowski Woolf posted on April 9, 2018 | Posted in Best Practices

More than a third of the dealers in a recent Rural Lifestyle Dealer poll say they plan to retire in the next 5 years. What about your plans and are you ready?

How We Did It

[Podcast] Conversations with Ag Equipment’s Entrepreneurs: Layton and Nick Jensen

In this bonus podcast, “How We Did It: Conversations with Ag Equipment’s Entrepreneurs” brought to you by Yanmar, Editor Mike Lessiter sits down for a conversation with the father-son team of Layton and Nick Jensen of Thurston Manufacturing Company.

March 28, 2018 | Posted in Best Practices, Rural Lifestyle Market

Dealer Profile

Killians: Creating the Experience

By Gregg Wartgow posted on March 16, 2018 | Posted in Best Practices

Killians Inc. of Hickory, N.C., is a family-owned dealership that was founded in 1963. Sharon Killian Radke and Susan Killian Kirby are the third generation owners, with the fourth generation now taking a role in marketing and sales.

Succession Planning Step-by-Step: Part 1

Ensure the future of your dealership with this sound process for choosing new leaders, funding the transition and ensuring a rewarding retirement for yourself.

By Rex A. Collins posted on January 27, 2018 | Posted in Best Practices

A sound dealership succession plan addresses a long list of issues, including retirement income, transferring wealth to the dealer’s heirs, transferring ownership, dealing with the income and estate tax consequences associated with an ownership transfer, and addressing other issues key to the ongoing success of the business; not the least of which (and often forgotten) is transitioning management.

What Will Happen to the Business?

By Sara Hey posted on December 29, 2017

Source: Bob Clements International, Inc.

When someone starts a business, they don’t always have the end in mind, but the end will always come. Complexities are inevitable when someone’s time ends at a company, especially if family is involved.

[Podcast] Economic Forecast: Good for the Short-Term; Prepare for 2030

In this episode of the Rural Lifestyle Dealer podcast, brought to you by Yanmar, we welcome Alan Beaulieu, president of ITR Economics who is here to break down the economic trends you'll need to watch for and how to prepare your business for the changes ahead.

November 20, 2017 | Posted in Data & Forecasts, Best Practices

Q&A

What Advice Would You Give Your Younger Self?

Dealers share words of wisdom, encouragement — and a few warnings—about what they’ve learned from their years in the equipment industry.

By Rural Lifestyle Dealer Staff posted on November 6, 2017 | Posted in Dealer News, Best Practices

Dealers share words of wisdom, encouragement — and a few warnings — about what they’ve learned from their years in the equipment industry.

Industry Perspectives

Q&A with Wells Fargo’s Mike Horak

Mike Horak is president of Wells Fargo Commercial Distribution Finance’s outdoor products group and he shares his perspective on the state of the industry and how independent dealers can win over mass retailers.

By Lynn Marcinkowski Woolf posted on October 16, 2017 | Posted in Best Practices

Rural Lifestyle Dealer recently talked with Mike Horak, head of Wells Fargo Commercial Distribution Finance's outdoor products group, about the state of the industry and advantages that dealers shouldn’t overlook when competing with mass retailers.

Free eGuide

Best Practices of Elite Dealerships: Volume 2

| Posted in Best Practices

This “Best Practices of Elite Dealerships: Volume 2” eGuide shares how award-winning dealerships are beating the competition — and how you can, too — and it’s FREE!

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RhinoAG Production Tour to Mark 90 years

Lessiter Media editors visited RhinoAG in Gibson City, IL to get a behind-the-scenes glimpse at the production processes and attention to detail that have contributed to their longevity as they celebrate their 90th anniversary in 2024.

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Yanmar

Yanmar America is the North American headquarters of Yanmar Holdings. Ranked #1 in Product Quality for five years in a row by the Equipment Dealers Association, Yanmar provides innovative solutions for Rural Lifestyle and Industrial Equipment customers.

Yanmar was the world’s first manufacturer to develop a practical small diesel engine in 1933 and has continued to push the boundaries of innovation and technology ever since. As a manufacturer of diesel engines, compact tractors and utility task vehicles, construction machinery, and industrial equipment, Yanmar's products are sold in over 130 countries.

At Yanmar America, we are committed to providing our customers with the highest quality products and services, backed by a strong team of professionals who share our dedication to excellence. We look forward to the opportunity to work with you in achieving your goals.

Stihl Inc

Virginia Beach-based STIHL Inc., produces a full line of high-quality, handheld outdoor power equipment including blowers, trimmers, brushcutters, and multi-task tools, as well as the number one selling brand of chainsaws worldwide. STIHL Inc. manufactures over 260 model variations of handheld outdoor power equipment for sale in the U.S. and around the world.