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The Warning Signs of a Dealership Financial Crisis
Every dealership has its version of “everything’s fine.” It’s usually said just after someone asks a financial question that doesn’t have an immediate answer. The phones are ringing, the sales team is …
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Why Dealership Leaders Must Learn to Love the Numbers
If you’re in the car business, you better like math. I was watching the latest Marcus Lemonis show called The Fixer. The owner of one of the businesses he was considering working with made a comment …
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The Joys of Internal Controls for Franchise Dealerships
When I walk into a dealership for the first time, I never know what I’m going to find. Sometimes there’s a friendly receptionist and a fresh pot of coffee. Other times, it’s a makeshift accounting …
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