When asked about the origin of his leadership style, the late Gulf War General Norman Schwarzkopf answered, “I never walk past a problem. I never see something going wrong and forget about it. I always stop and confront it right there.”
In a down market, dealers face the challenge of slow-moving inventory. Holding on to unsold equipment can tie up capital, increase overhead costs, and reduce your ability to invest in other parts of your business.
There is a strategic approach to sales where building relationships and trust with customers is just as important as the numbers and machinery itself — especially when navigating appraisals and trade-ins.
3 common organizational structures used in the farm equipment industry each have their place. Choosing the right one largely depends on the size, growth and diversity of the dealership as a whole.
As a dealership expands its footprint, the typical top-down management approach with everything running through the owner can start to become impractical.
Speaking from Vanderloop’s Beaver Dam, Wis., location, Vanderloop’s Brian Neuman and Larry Schamberger have some thoughts about what you can and can’t teach a salesman, and the most important qualities for ag dealers.
JONESBORO, Ark. – A late October meeting with SMA staff and a facility tour provided a glimpse into the somewhat” invisible hand” of aftermarket parts supply.
The point here is that correction, and inspiration, doesn’t just have to come from the boss. In fact, a good culture will deal with it before any managers have to get their hands dirty.
The current downcycle will test dealer leaders, particularly newer untested leaders and managers, who must also deal with the turbulence and uncertainty of new technologies, generational changes, and the economy.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
Since 1980, A&I Products has become a leading manufacturer and wholesale distributor of aftermarket replacement parts for the agricultural, turf, and industrial equipment markets. A&I Products' experience and expertise has greatly contributed to the company's reputation as a top supplier of quality, reasonably priced parts. Founded with roots as a small machine shop and repair facility, the company made the transition by manufacturing new parts to replace those that were identified as commonly needing repair. Throughout the 1980s, the company quickly garnered a reputation for offering quality parts at a reasonable price.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.