Times have been good in the rural equipment market, but there could be some dramatic changes coming and I want to share some ways your dealership can be ready.
Just as you plan to protect your dealership from unpredictable events like storms and fires, you need to prepare for what might happen to your business should the economy stall. In fact, current indicators for our industry are concerning.
Every succession plan should include a contingency plan that answers the question, “What would happen to my family and business if I’m not here tomorrow?”
The importance of a team coordinator cannot be over emphasized, one who is experienced in the dealership industry and succession planning and is a trusted advisor to the owner.
There is an overlap between a dealer’s estate plan and succession plan, so they should be done in tandem and recognize the unique aspects of the dealership business as well as the succession goals of the retiring dealer.
Applauding the dealer network support and highlighting its broad product line, Kioti’s VP of Sales Ops Tim Phillips addresses key components behind the company’s success.
With a history dating back to the 1950s, the WIKOMI Company in 1980 was re-incorporated as Worksaver. Worksaver continues today on a path of growth and innovation in manufacturing agricultural, industrial, and construction attachments for a variety of applications. Worksaver products are used by farmers, ranchers, large property owners, contractors and more.
TractorHouse.com is your go-to resource for buying and selling new and used farm equipment, attachments, implements, parts, and precision ag components. Buyers can find all types of tractors, harvesters, and chemical applicators listed for sale on the site, in addition to harvest, hay and forage, livestock, planting, and tillage equipment. TractorHouse.com features quality used ag equipment from Case IH, CLAAS, John Deere, Massey Ferguson, and New Holland, among hundreds of other manufacturers.
NATDA seeks to provide the necessary management tools, techniques, and practices so every dealership cannot just grow, but maintain a strong business plan year after year. Most importantly, we are the only trailer-industry association committed to helping and protecting trailer dealerships – period.