• To help build resilience in the face of unpredictability, marine dealership owners can consider adopting adaptive forecasting and flexible planning. By Victor Rivera, Chief Sales Officer, Huntington Distribution Finance† Financial planning and budgeting are often viewed as annual exercises for marine dealership owners – a start-of-year activity that carries throughout the year. However, in […]
Tag: Fix your financials
7 Steps to Take to Conserve Cash
Developing and maintaining sufficient cash on hand during an economic slump is critical to keeping your dealership healthy. When revenue is lower than expected, leading dealerships balance revenue growth efforts with exploring and implementing cash conservation methods. Here are seven tips for conserving cash shared within an MRAA Ask the Expert webinar with Pat Kennedy […]
How Your Dealership Can Stop Competing on Price
Times are tough. It’s tempting to compete on price so your team can move as many boats as possible, but it’s not the best strategy. You need a better message than “buy from our dealership because we’re cheaper than the other guys.” Even if you are cheaper than the other guys! Because sooner or later, […]
