Positive impact of financial transparency in your dealership

How to explain basic financials to new managers

UNDERSTANDING BASIC FINANCIALS is a common challenge faced by newly hired managers, whether you promote from within the dealership or bring in a new person from the outside. How do you prioritize the immediate training they will need to succeed in their new position?...

Do your managers and staff think like owners?

AT A DEALERSHIP, just like any business, there are two critical things required to survive: 1. turn a profit 2. generate cash Yes, many other things are important, including customer experience, employee morale, safety, marketing, and branding, to name a few. However,...

Financial Management and High Performance

“A successful dealership is like a successful sports team – not only should the manager be keeping his/her eye on the ball, but so should each team member.” The above is from Kelly Mathison’s article in the 2018 spring edition of Western Equipment Dealer and it’s...
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