Taking Your Pulse: There’s More to Being Financially Healthy Than a Strong Bottom Line
Bottom line got you down? Well, start looking up. When reviewing financial statements, the eyes of most independent tire dealers go straight to the bottom line, says Jack Phillips, vice president of credit and financial services for American Tire Distributors in Charlotte, N.C. And that’s a big mistake. Why? Because looking only at the bottom
Staying Out of the Courtroom: Is Being Sued Inevitable? Maybe. Here’s What You Should Know If the Gavel Drops
“See You in Court.” Today, that’s just a fancy way of saying, “Goodbye.” Unfortunately, that’s often the harsh truth when your employees, your customers or government agencies utter that short but terrifying sentence. So, how can you stay out of court? And, how do you keep from panicking if and when someone says those ominous
Patience
to enhance consumer knowledge and create greater value for you and the products you sell. No, our position hasn’t changed one iota. The problem is there is nothing really to write about. While there have been numerous published stories about the concept, in truth, there’s been nothing tangible to report. Plenty of opinion and ideas
Leave Nothing to Chance
Buying a Business? Facts, Not Fortune, Will Keep You From Behind the 8-Ball Why do our brains work differently when we read the biz opps section of the paper? Why do we say things like: "I’m tired of selling tires, I think I’ll open a frozen custard stand?" If you already own a fast-food franchise
TIA President’s Agenda
Focused on ValueStrat Plan Will Help Industry, But TIA Needs Member SupportAs incoming president of the Tire Industry Association (TIA), I look forward to continuing TIA’s total focus on "adding value to your business."
In the Face of Reason
We know they aren’t very bright, and many of their ideas prove that if you don’t know where you’re going, any road will take you there. But still we elect these people. And re-elect them. With TV cameras and microphones in their faces, these officials are the picture of vast knowledge and heartfelt concern for
That Time Again
Change, as anyone will tell you, is inevitable. And so it is with the International Tire Expo, which moved to a new hall in the massive Las Vegas Convention Center (LVCC) last year, and features a slimmed down program in 2003.
Tire Dealer Inc.: Which is the Best Way to Form Your Business?
There are six ways to form your business. Which is the right one for you? Thought about incorporating your tire business, have you? The monetary cost to do so isn’t great ®ƒ say $500 or less, according to the many professionals who would help you with this step. But it’s a major step and you
Keep A Watchful Eye
A Sharp Examination Can Keep Profits Flowing in Hard Times For the last couple of years, many independent tire dealers have been experiencing something new: financial hardship. After 11 consecutive years of growth, the economy started sputtering in 2000 and continued falling, leaving many small businesses – like tire dealers ®“ in a survival, rather
Off to CAMP
They say that you can’t teach an old dog new tricks. But who says old dogs don’t need to learn a few?