Small Store Challenges
Dealerships of all sizes have challenges, but for small dealerships — those with 1-3 locations — limited staff and resources can create some unique challenges. Here are three areas that can be particularly challenging.
Looking Back...What Would You Do Over?
Every experienced dealer has decisions or actions they’ve made over the years where they wish they had a “do over.” This roundtable discussion involved about a half-dozen participants, but produced some interesting thoughts.
Structuring Your Precision Farming Business
More than a dozen farm equipment dealers from across North America sat down to candidly exchange ideas and considerations for structuring their precision farming business.
Change Management & Employee Buy-In
This was one of the most attended roundtable discussions with over 20 individuals at one point with two other groups that weaved in and out of the discussion.
Third-Party Guidance: What, Why & When
A small, but enthusiastic group gathered to share thoughts on seeking out third-party guidance.
Millenials: Motivations & Methods
As the next generation — millenials — starts filling up more of the workforce manager-employee and employee-employee interactions are changing. The millennial age group is made up of those born roughly between the early 1980s and the early 2000s. Following are some tips to keep in mind when it comes to motivating your millennial employees.
Talent Inventory: is the Time Right to Grow?
Talent drives dealerships and all dealers in this discussion agreed they are experiencing gaps between their current talent capabilities and their business goals. Finding talent continues to be a challenge, particularly for rural based dealerships that have difficulties recruiting in their remote locations.
Owner(s) Hit by a Bus: What's Your Plan?
It’s the question every dealership needs to ask: What do you do if something happens to the owner or a key employee suddenly isn’t there anymore? The best way to handle the owner “getting hit by a bus” is to prepare and plan early and make a conscious effort to update the plan regularly.
Pros/Cons of a Board of Directors
Regardless of the size of your dealership, you may benefit from adding a board of directors. A small group gathered to discuss the pros and cons of working with a board of directors.
Strategies for Retaining & Rewarding Key Personnel
Jared Nobbe, Wm. Nobbe & Co. Inc., Waterloo, Illinois moderated the “Strategies for Retaining & Rewarding Key Personnel” dealer-to-dealer roundtable during the Dealership Mind Summit. This topic was so highly attended that it had dealers standing on the landing below to better listen to the specific ideas and comments from the group.
