Admin
An automotive retail development company.
Convergent Alliance, Automotive retail development company, dealership remodel, dealership assembly, dealership profits, dealership software, automotive industry, dealership construction
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Author: Admin

Pay Plan or Job Description?

  |   Business   |   No comment

Over the 35 plus years of my career I have seen pay plans that range from a hand written on a scratch paper one pagers to 10 page complex ones with legal disclosures usually drafted by an attorney and anything in between. I seldom see...

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You deserve to make a profit…

  |   Business, Uncategorized   |   No comment

...the question is how?   Last week Lexus executives announced a pilot program with 12 of its dealers to experiment haggle-free selling. We all remember that in early 1990’s Saturn started as a “New kind of Car Company” and introduced haggle free selling. They went out of...

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Painting Profits With Numbers

  |   Business   |   No comment

"Controlling Expenses and Increased Efficiencies" While we continue to enjoy another record braking year in car sales at a pace of 17MM (SAR as of May 2015), efficiencies start dropping down and we tend to forget what we left on the table. Needless to say we...

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IS YOUR PROFIT SITTING ON YOUR LOT?

  |   Business   |   No comment

Understanding why it’s still sitting there.   Whether you are an owner or a conscientious general manager, one of your primary focus areas should always be your cash flow. Inherently creative GMs will find ways to inflate profits since their compensation largely depends on bottom lines.As an owner,...

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PROFIT IS NOT A DIRTY WORD

  |   Business   |   No comment

Profit Promise Vol 5 PROFIT IS NOT A DIRTY WORD! HOW TO STEER CLEAR OF TROUBLE Late last month FTC announced the results of a “crackdown” on auto retailers and their finance practices called “Operation Ruse Control” in an effort to protect consumers when purchasing or leasing a...

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Your Most Precious Commodity; “Your Team”

  |   Business   |   No comment

PROFIT PROMISE SERIES 3rd Ed. YOUR MOST PRECIOUS COMMODITY; "YOUR TEAM" In our January issue, we talked about the component of successful operations that will dominate in this decade; “People and Process”. One of the greatest detriments in auto retailing at the moment is quality of people. If...

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What is Your Business Worth?

  |   Business, Design, Uncategorized   |   No comment

Profit Promise Series The Profit Promise II What is your business worth? At the peak of new record breaking sales in the U.S., a new group of interested buyers are coming into picture. After Warren Buffet’s some $4 billion acquisition of the Van Tuyl Group, private equity groups...

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