Industry Report
Troubled Goodyear N.A. Unit Gets Rich
Generation Next?
Generationally speaking, we are at a crossroads. And whether we look left, right or straight ahead, the view is rather dim. "The strength of the independent tire dealer is the owner-operator, the guy who unlocks the door every day," Dick Johnson, president and CEO of American Tire Distributors (nee Heafner Tire Group), told me recently.
Dream II: The Branch
DREAM II: THE BRANCH Deciding If, When and How For That Second Location Like most entrepreneurs, you probably went into business to fulfill a dream of owning your own place and being your own boss. If your operation is successful, then chances are you’ve thought of opening a second location – a sequel to the
Scrap Yard Gumshoe
Scrap Yard Gumshoe Regardless of the type of spent machinery, component equipment, or materials they provide a gathering place for, scrap yards contain an abundance of information. Witness the differences in average mileage accumulated or failure modes for various models of automobiles prior to reaching their final rusting place. Or the average age difference between
Keeping It All In The Family: A ‘Well-Run’ Family Business is Not a Contradiction
Keeping It All In The Family A ‘well-run’ family business is not necessarily a contradiction in terms. There have been many cases of successful family companies, and there will be many more to come. But having family aboard can be both a help or a hurt, depending on how things are handled. Family ties are
Industry Report
HAPPY NEW YEARTen Tiremakers Hike Prices 2.5% to 6%
It’s Time to Get Yours!
In my opinion, Alan Greenspan has done a wonderful job fighting the battle against inflation and recession, and is trying to maintain an economy that, for the most part, works for all of us.
Industry Report
Another Recall, Chairman Quits and Lawsuits Stack UpNew problems and some unexpected after-effects of the Bridgestone/Firestone (BFS) recall continue to plague the Nashville-based firm:
Financial: Insurance Checkup
Financial Insurance Checkup Business insurance is one large fixed cost for any dealer. But periodic reviews of your insurance needs and status can help reign in some of those costs. Insurance is designed to protect you and your business from unexpected disaster, but careful consideration of real costs vs. anticipated costs can help you save
Management: This Space for Rent
There is an age-old question for tire dealers to consider: Do I buy or lease? That question extends down from the building itself to the equipment inside. But it’s the building itself that costs the most all around. Tire dealers need room. But should they buy or lease a structure? Sometimes a situation dictates what