Choosing the Right Business Broker
When it comes time to sell your business, you may consider hiring a business broker. Brokers can be especially helpful in the sale of a tire dealership because they handle a wide variety of tasks including business valuation, advertising or marketing the business, prospect interviews, negotiation, due diligence interactions and other critical aspects of the
Port Wants to Know if WTC, President are Legit
Port of Ephrata, Wash., wants to make sure its new business partner – Washington Tire Corp. – is a legitimate company. The port authority has demanded WTC submit documents showing that the company has “legitimate incorporation” and that WTC president Abraham Hengyucius has “legal authority” to conduct business on its behalf. Hengyucius and WTC want
Online Brand Equity Rankings Show Michelin on Top
Michelin has topped Tyres & Accessories’ exclusive online brand prominence rankings for the sixth consecutive year, totting up a record high score as it went. In our second online brand equity measurement, compiled in association with the artificial intelligence experts at Cambridge-based Envisional, Michelin won-out for the third year, demonstrating the firm’s continuing dominance in
The Loss Control Imperative
Profitability increases the value of your company and provides the capital you need to invest in growing your operations. It should be your most critical point of focus. But perhaps an even more critical focus for a viable business goes beyond making profits to retaining profits. Far too many tire dealerships end up operating
TGI Adds to Growth With New Cosmo TBR Range
After a challenging 2009, as it was for most all of the industry, this year U.S.-based wholesale tire distribution operation Tire Group International (TGI) has reportedly increased year-on-year sales and plans to market its new Cosmo brand truck and bus radial range at the Reifen show. “2009 was a tough year in the industry. We
Grab That Wheel: Create an Employee Handbook to Take Control
When most owners of tire businesses see the term “employee handbook,” they are likely to have one of several thoughts – usually all negative. You might be thinking that you simply don’t have time for that now, feeling that business is simply too tough to mess with minor details. “I’ll get to it when…”
Detective Work: Forensic Accountants Track Down Clues to Save Your Business
The tedious number crunching involved with keeping a tire dealership on track is something most dealers don’t mind passing off to an accountant – in fact, the majority are glad to have their time freed up to manage other areas of the business. But if you assume the only times you need an accountant are
Doctor Claims to be Rightful Michelin Heir
A man claiming to be a legitimate heir to the Michelin family wants a piece of the family’s fortune, according to the London Telegraph. Jean-Philippe Rouchon, a 42-year-old osteopath from Puy de Dôme in central France, says he is a direct descendant of one of Michelin’s two founding brothers. His father Patrice Michelin, he claims,
Reifen China 2010 Shows Chinese Ill-Prepared for Regulations
The third Reifen China exhibition, held in Shanghai in November, hosted 6,693 visitors (1,333 international visitors) during the show’s three days. These were welcomed to the show by exhibitors mainly from the world’s largest production market. In addition to the wide variety of Chinese and international tire manufacturers and traders at the show, the 2009
Jim’s Blog: Making Lists and Counting Heads
We’re often asked why Tire Review doesn’t publish "Top" lists, like a rundown of the biggest dealers, retreaders, tire companies, etc. Sometimes, though not as often, we’re confused with others that do produce such lists. The reasons we don’t endeavor these exercises are simple. First, there are plenty of them to go around. One more