Marine Retailing in a Learning Economy

Educate. [ej-oo-keyt] verb. to provide with information in order to develop mentally, morally, or aesthetically especially by instruction for a particular calling or practice in a particular area for a particular purpose.


When we were kids, we thought we had it figured out. First, you go to school to get educated. Then, you graduate and put what you learned to work in the real world – in our case, the boat dealership.

But we were wrong. The first thing you learn when you start a new job is how much you DON’T know. Yeah, with experience, you learn how to be more successful at your job. But just when you start getting good, you either get promoted into a new job where it all starts over again or you begin to realize that what it means to be good at most of the jobs we do is changing.

That’s why, as leaders in the boat business, education for ourselves and our team needs to be top of mind. Education doesn’t mean the same thing to us now as it did in school. It’s not about learning for the sake of learning. It’s quite simply our path to sustaining, improving and growing our dealerships. And if anything, it has become MORE important since our school days, not less.

The idea that what we think we know about our work is constantly changing is the focus of a book that just came out, called “Never Stop Learning.” In it, author Brad Staats makes the argument that we no longer live in a “knowledge economy” – where growth is dependent on the quantity, quality, and accessibility of the information available.

We actually live in a “learning economy,” where what drives success in our businesses is constantly changing. Knowledge and information are not fixed anymore. What you learned a year ago or even a month ago may not apply today. Education is no longer an event – it’s a continuous process.

Think about your dealership, for example. There is new information being generated every day – about your prospects, your customers, your employees, your revenue, your profitability, your assets, your efficiency, your marketing and sales. What in the dealership DOESN’T generate data these days? Your growth is dependent on your ability to always be learning about what the latest information – from inside and outside your dealership – means for your success. And adapting to what’s changing.


To help you create the culture of continuous improvement that a learning economy requires, the Marine Retailers Association prepared a Guide to Dealership Improvement, available to members in the Resource Center at MRAA.com.

In addition, we’re constantly producing new educational courses, videos, digital publications, blogs, research reports and tools to support you and your team. Want to learn more? Check out our website at MRAA.com or give our team a call at 763-315-8043.