David Keller - The best way to evaluate your business is to study the history of your industry. Learn why some businesses have failed when others have succeeded, then think through how you would have reacted in similar situations.
David Keller - Let’s discuss your dealership’s net worth. Do you have any? If so, how much is it? Most dealers don’t even look at their change in net worth from month to month or year to year...
David Keller - Your bank, auction and vendors consider you a finance customer every day. So, how is your credit rating with them? If you take a look at the financial status of your dealership, ...
David Keller - You have to manage cash. You can’t manage your business from how much cash you have in the bank or how much sales revenue you can produce...
David Keller - How do you start your planning? Ask yourself what you want to accomplish. Put it on paper. It doesn’t have to be neat, or complete, in the beginning...
Dave Keller - The office staff should focus on reconciling all balance sheet and some income statement general ledger accounts to ensure the balances are accurate.
David Keller - Most software programs also permit the printing of any of the available financial statements at any time during the month...
David Keller - Having an under capitalized dealership will not allow you to grow at the right speed, and you will “crash.”...
David Keller - It also means you must have first set goals for every person in your dealership, including yourself, to achieve the perfect dealership environment...
Daivd Keller - However, it is necessary to follow essential procedures that are in the best interest of your dealership, so paperwork can be properly completed...