The Art of Purchasing: The Benefits of Financing
Even if a business chooses to purchase equipment, rarely do they purchase it with cash. In fact, whether leasing or buying, “seven out of 10 companies use some sort of financing when acquiring equipment,” says William Sutton, president and CEO of the Equipment Leasing and Finance Association. According to Sutton there are several benefits to
The Art of Purchasing: Building a Media Plan
When it comes to advertising, strategies are endless, mediums are constantly changing and advice is often conflicting. Doing something is better than nothing – results are results, even if they are lackluster – but funneling a shop’s dollars into an ineffective ad campaign is a mistake no one wants to repeat. To take some of
The Art of Purchasing: Are You Covered?
You’ve worked hard to keep your business running. The last thing you need to worry about is an incident ending your business because you can’t afford to pick up the pieces. Reviewing your insurance plans about once a year is a good way to make sure you’re prepared to handle virtually any incident. To help
Preparing for Success: The Artistry of Formal Business Planning
When creating a piece of art – from a painting to a sculpture – an artist uses planning, skill and intuition. Michelangelo didn’t paint the Sistine Chapel’s ceiling without planning out each fresco carefully. Claude Monet spent time painting the same subjects under different conditions to prefect his skills. Jackson Pollock drew from within to
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
Software Solutions
Benjamin Franklin once advised tradesmen that “time is money.” While much has changed over the past two and a half centuries, this idea still holds true for small businesses. Most tire dealers are efficient with their time, but there is always room for improvement. If a tire dealership uses an antiquated computer program, or even
The Art of Purchasing: Buying vs. Leasing Equipment
Equipment costs are unavoidable. Whether it’s the front of a shop, back office or in the bay, tire dealers need a variety of tools to keep their dealership running. The debate for many tire dealers is if they should buy or lease this equipment. So when it comes time to make equipment acquisition decisions it’s important
The Art of Purchasing: Quick Inspections
When it comes to maximizing efficiency and gaining customer trust, quick inspection systems can bring both benefits to your tire dealership. While they come in several forms depending on the manufacturer – with the ability to instantly check tire tread, vehicle alignment and more – these relatively new shop tools offer common benefits: a way