What’s up CEOs!
Having the Auto Dealer Business School in your business can be a great advantage, as it provides access to networks, resources, and assistance. However, even with the best education and resources, auto dealers can still make mistakes that keep them from being profitable.
So let's discuss the top 3 mistakes that auto dealers make, which can lead to financial struggles.
Mistake 1 - Money Management
The first mistake that many auto dealers make is not monitoring their finances. It is crucial to keep track of your cash flow, expenses, and profits. You need to know how much money is coming in and going out, and what you have left over. Understanding your finances is critical to making informed decisions and planning for the future. This is something that is emphasized in the training at the Auto Dealer Business School, and it is vital for the success of your business.
Mistake 2 - Revenue Goals
The second mistake that auto dealers make is not selling enough...
What’s up CEOs!
Starting an auto dealership can be an exciting venture, but it takes more than just having cars on the lot to generate sales. Running a dealership requires effort and strategy to ensure the business runs smoothly and reaches its full potential. This is where collaboration comes in. In this blog post, we explore how startup auto dealers can collaborate to increase sales, save time, and expand their reach.
1. Collaboration Can Improve the Reconditioning Process
Collaboration can help dealers in many ways. For example, if you collaborate with other dealers, you can get information about the hottest auctions in your area and learn about issues to look out for when buying or selling cars. You can also get recommendations for mechanics and help with handling difficult situations, such as dealing with a mechanic who did a poor job.
2. Collaboration Can Increase Sales & Save Time!
Collaboration can also help increase sales and save time. When someone sends...