When it comes to either buying or selling a dealership, when the deal is done, the parties on the different sides of the table say they all face the same set of challenges. How the issues are prioritized may differ if you’re the buyer or seller, but the concerns remain the same.
One could argue that nearly every dealer in North America will be on one side or the other of an acquisition in the years ahead. This report focuses on the first 100 days of integrating a new store into another dealership group following an acquisition, and what it take to successfully meld one organization’s culture into another with a minimum or no loss of performance.
We're looking for your input on our latest poll: "If you are looking to sell your dealership in the next 1-3 years, what is the top reason you’ll be looking to sell?"
Eleven entrepreneurs were surveyed on what they find are the key indicators that an employee is ready for a management position. Dedication, leadership and investment in the company are just a few of their telltale signs.
This “Succession Planning in Farm Equipment Dealerships: Transitioning to the Next Generation” eGuide shares how 8 dealers approached succession, their challenges and how they overcame them, and it’s FREE!
For Clay Camp, son of Clayton Camp, president and co-owner of Kern Machinery, working in the family business at the farm equipment dealership was always the goal. After numerous summers spent helping out at the dealership while in high school, Clay knew he liked the atmosphere and always pictured himself returning to the dealership.
Lost in all of the news about Deere’s big push further into the precision farming segment with the acquisition of Monosem and Precision Planting has been the spate of acquisitions by Trimble.
In the nearly 50 years that Capital Tractor has been in business it has operated as many as 3 stores. But today, the Greenwich, N.Y., New Holland dealer is a single-store dealership and president Jamey Gibson doesn’t see that changing.
During the dealer-to-dealer panel on the "Anatomy of a Transition" at the 2015 Dealership Minds Summit, three inter-generational family pairs discussed the experience of succession from their senior and successor sides.
Planning and preparing for the next generation of leadership is something many dealerships must consider in order to keep pushing forward into the future of the business. One roadblock many dealers cite is the need for the next generation to gain experience before taking on a management role within the dealership. This is necessary both for the success of the next generation and the dealership, but also to gain the respect of other employees.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
Montag is the industry’s innovative leader for precise, accurate metering of fertilizer, seed and other nutrients. The Montag system has become the standard for deep banding of fertilizer. Montag is also pioneering the technology for cover crop seed application. The new Cover Crop+ is able to meter the smallest seed, and can be mounted to tillage implements, combines, plus Hagie sprayers and detasselers.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.