Forward Lift Launches F10 Two-Post Lift
The new Forward Lift F10 two-post lift offers tire dealers 10,000-pound capacity and versatility to service a variety of vehicles. “The F10 was designed to help repair shops get the most profit out of each work bay, without straining the shop’s finances,” said John Uhl, sales and brand manager for Forward Lift. “Shop managers can
Financing Your Future
In a perfect world small businesses would have enough capital to fund any renovation or new construction project they wished to pursue. Buildings would never be run down, shops would use the latest equipment technology, and operating space wouldn’t be an issue. But this isn’t a perfect world. Construction costs can add up quickly and
Goodyear North American Earnings Up in 2015
In its recently released 2015 financial report, Goodyear Tire & Rubber Co. reported a net income of $307 million for the year. According to the report, Goodyear hit a segment operating income of more than $2 billion. Additionally, the tiremaker saw full-year earnings up in both North America and Asia Pacific in 2015. “I’m extremely
Consumer Confidence in the U.S. Economy Increases
Consumer confidence in the U.S. economy and job market has increased, according to research from the New York-based private research group, the Conference Board. The Conference Board’s research found that consumer confidence has climbed to 96.5 – higher than the 92.6 estimate that was projected in November. The increase in confidence is potentially a result
The Art of Purchasing: Knowing What to Stock
To stock, or not to stock? In the case of independent tire dealers, that often is the question. With a host of factors to consider – finances, storage space, SKU proliferation, instantaneous customer service and more – inventory strategy is not something to be taken lightly. When it comes to finding the right balance between
Avoiding Internal Fraud
Businesses around the world lose roughly 5% of their revenues annually to occupational fraud, according to the Association of Certified Fraud Examiners. To avoid suffering from internal fraud, you must understand its causes: opportunity and need. Opportunity: You should know and trust any employee with direct or indirect access to business finances. At the same
Winning Over Tough Customers
If you close your eyes and picture a tough customer, what do you see? Is it a price shopper on the phone? An argumentative customer at the front counter? A Yelp reviewer who went directly to the Internet instead of giving you a chance to address his or her concerns?
OTR Market Forecast Brightens
Slow construction turnaround be damned, long-term market drivers point to long-term growth
Leadership Investment
Sometimes in business, it’s hard to spot your return on investment. That’s not true with Tire Leadership 21 – the return is right there in the syllabus. Send your employee to Tire Leadership 21 and they’ll produce a project aimed at creating $25,000 in revenue or savings. More importantly (something is more important than money?), your
What’s Your Exit Strategy?
I recently asked a friend in his late 50s about his plans for retirement. He told me he expected to die at his desk – and he was serious. He gave no thought to a time when he wouldn’t be in his business. Part of being a proactive business owner requires that you look