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People & Profits

Successful Partnerships Take Dreamers & Doers

By George Russell and Erik Thompson posted on February 11, 2017 | Posted in Best Practices
I am reading — for the second time in a year — Simon Sinek’s book Start with Why, How Great Leaders Inspire Everyone to Take Action. As I finished a chapter today, Sinek’s words reminded me of the many partnerships between dealership leaders that create great businesses, those who over a long time react well to change and execute well to keep customers, employees, manufacturers and investors happy.
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People & Profits: Successful Partnerships Take Dreamers & Doers

By George Russell and Erik Thompson posted on February 11, 2017 | Posted in Best Practices
I am reading — for the second time in a year — Simon Sinek’s book Start with Why, How Great Leaders Inspire Everyone to Take Action. As I finished a chapter today, Sinek’s words reminded me of the many partnerships between dealership leaders that create great businesses, those who over a long time react well to change and execute well to keep customers, employees, manufacturers and investors happy.
Read More
Cost of Doing Business

How Dealers are Measuring Up

The 2016 Cost of Doing Business study reveals areas where dealers must up their performance to get back to being profitable.
By Dave Kanicki posted on February 11, 2017 | Posted in Best Practices, Data & Forecasts, Operations & Finance
When it comes to unit sales of farm machinery, in the past 5 years North American farm equipment dealers have seen the highest highs and the lowest lows they’ve experienced in the past 3 decades. As sales rose in 2012 and 2013, so did many of the industry’s operational and financial measures. Likewise, as sales began dipping in 2014, these same indicators reflected the industry’s downturn.
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Wider World of Business

6 Tips for Reading an Income Statement

February 10, 2017 | Posted in Best Practices
Source: Entrepreneur
Our very first consulting client was a home health-care business. As part of our initial analysis, we asked to see financial statements, and the owner handed us a three-ring binder containing monthly financials — meaning an income statement, balance sheet and cashflow projections.
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Building the Right Team

February 6, 2017 | Posted in Best Practices, Department Management
Vanderloop Equipment takes its time when hiring new employees to ensure they have the right team in place. Robb Vanderloop, co-owner and general manager, says he'd rather take time getting the right person in than having the wrong person who could cause more harm than good. The dealership regularly looks outside the ag industry for employees.
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Wider World of Business

4 Tips for Reaching Customers Through Video

February 3, 2017 | Posted in Best Practices
Source: Entrepreneur
Video marketing can make a big impact. According to market research firm eMarketer, U.S. spending on mobile and desktop video advertising was on track to hit $10 billion by the end of 2016, writes Hope Horner, CEO and founder of Lemonlight in an article for Entrepreneur.
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Farm Equipment Videos

Precision Specialist Comes to the Rescue on First Day of Planting

Precision Specialist Comes to the Rescue on First Day of Planting

Go behind the scenes with Leo Johnson and his son, Patrick, as they plant corn into strips for the first time on their 1,000-acre farm in Clinton, Wis. Jason Pennycook, precision specialist for 9-store Case IH dealer Johnson Tractor, comes to the rescue with remote support when Patrick runs into a problem with the planter in the field.

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Finance Scope

Finance Scope is able to provide the best financing opportunities for equipment dealers and customers through a diverse mix of lending companies under one single platform. Our large group of lenders, allows for competitive rates regardless of credit scores. Additionally, dealers and customers have access to the industry’s best expertise surrounding finance and lease structures, for all purposes, within the agricultural and construction industries. We provide all of this into one online platform to provide our customers with the best available tailored finance solution for their equipment.
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