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December 20, 2011

Your own growth trap  

The broadly held definition of the difference between small business ownership and entrepreneurism boils down to a single word: “growth.” Increasing sales is not, by itself, growth.

Tags: Business Insight, Dealership Growth, Global Tire Expo, Roger McManus

<p>Through Doug Trenary&rsquo;s book, &ldquo;The SalesMind,&rdquo; business owners and salesmen can strengthen their business relationships.</p>
August 29, 2011

Sales horsepower  

If you are an owner or manager, it’s no big secret: You want more sales. Faster sales. Less costly sales. All in a tight economy. If you are a store sales associate or commercial representative who makes outside sales calls, you’re always in search of strategies to close more business.

Tags: Business Insight, Doug Trenary, Selling Skills

August 29, 2011

Not just more business -- business when you need it!  

The one thing about advertising is that it is very hard to “aim.” Not the outgoing part, the incoming part.

Tags: Business Insight, Mobile Marketing, Roger McManus

August 29, 2011

Reaching the tech-savvy woman  

What are you doing in your business to attract the tech-savvy woman? Did you know, according to Delia Passi, CEO of womencertified.com, 80% of all car maintenance decisions are made or influenced by women?

Tags: Business Insight, Selling to Women, Technology, Wayne Croswell

June 27, 2011

Coping with change: It seems fast isn't fast enough anymore  

I’ve always admired how a cartoonist can say so much with a few images and a couple of captions. I remember years ago reading the comic strip Garfield — you know him, he’s the chubby, orange cat that is always questioning why things don’t seem to work out well in his world. In this particular comic strip, Garfield sat with this puzzled look on his face, and it read, “Just when I finally figure out where it’s at, somebody moves it.”

Tags: Advertising, Business Insight, Wayne Williams

June 27, 2011

Remember that old business plan?  

Selling tires takes money. Unless you invested in your business out of personal savings or inherited the family business, there is a pretty good chance you developed and followed a business plan to get your tire business up and running.

Tags: Business Insight, Business Plan, Roger McManus

May 9, 2011

Telephone marketing in transition  

When the telephone rings at your store, the odds are better than two to one that your customer or prospect is using a cell phone or one of the newer “smartphones.” Today, there are more than 280 million mobile phones in use by about 80% of Americans, age 18 and above.

Tags: Business Insight, Richard Morgan, Telemarketing, Telephone etiquette

March 23, 2011

You survived... Now what?  

It has been a tough two years for anyone selling tires. Chaos in Washington, high unemployment and a faltering economy has kept everyone in the retail business scrambling to keep the bottom line in the black.

Tags: Business Insight, Dealer Strategic Planning

November 2, 2010

Crafting your personal mission statement  

Knowing what you want out of life can help you become a better person and better business leader. One way to sharpen your focus is to put pencil to paper — or fingers to keyboard — and craft a personal mission statement. It helps zero in on why you’re here (surely there’s more to life than worrying your mother).

Tags: Business Insight, Tom Gegax

Clarifying employee expectations stokes initiative and leads to their professional growth.
November 2, 2010

Communicate expectations  

After you get the hang of it, straight talk offers a lot of opportunity. The law of diminishing dedication holds that malaise develops when employees aren’t challenged, inspired partners in their own fate. For most, purpose and enthusiasm have the shelf life of sushi. So I developed the four-step Ask/Tell Technique to get them to open up. It keeps managers’ and employees’ expectations in line so there are no surprises. This is how it works:

Tags: Business Insight, Tom Gegax

When addressing people out in your community, you need to be in top form (just ask former Bridgestone Americas Inc. executive Mark Emkes).
September 16, 2010

Public (and private) speaking  

One day, Eric Randa, our vice president of loss prevention, dropped off a three-page memo. I scanned it and called him back into my office. “Eric,” I said, “this is a great memo, but I need you to condense it and make it simpler.” In fact, I said, write every memo like it’s for the president of a company, someone who has to read a hundred memos a day and doesn’t have time to read two pages, let alone three.

Tags: Business Insight, Public speaking, Tom Gegax

June 30, 2010

Helping new hires 'hit the ground running'  

Like proud parents welcoming a new daughter-in-law, we warmly, if methodically, welcomed new employees into the fold. New hires acquired a “buddy” who gave them a tour of their new home along with the lowdown on the people and culture.

Tags: Business Insight, Tom Gegax

May 14, 2010

Work the plan  

Jim Pascale was just 27 when we hopped into my car and took off for Iowa. It was our first market outside Minnesota, and I’d just promoted Jim to Iowa regional manager. Speeding out of Minneapolis and down I-35, I asked to see his schedule. Gripping the wheel with one hand, Jim grabbed his planner from the backseat and handed it over. I was a little shocked by what I saw.

Tags: Business Insight, Scheduling, Tom Gegax

Online tire marketing offers your greatest return on investment. More than 16 million consumers used Google to research tires this past February alone.
May 14, 2010

Advertising, past and future  

There are consumers out there who are “in market” for a set of tires today, and there are consumers out there who are “out of market” with no interest in what you have to offer. I remember reading a report from one of the “Big Three” tire manufacturers a few years back that stated the following:

Tags: Business Insight, Internet, Mike Bruce, Selling online

Training in customer relations pays off every day.
April 21, 2010

No excuses!  

There is a strong parallel between making sure your children get a college degree and providing an on-going training program for your employees.

Tags: Business Insight, Customer relations, Paul Chizeck, Training

April 21, 2010

Web site traffic breakdown  

You have worked hard and spent good money getting that online tire shopper to visit your Web site. But what does that Web traffic really look like? And what is your return on investment on that traffic?

Tags: Business Insight, Mike Bruce, Online tire store, Web site

March 16, 2010

Ready, set, goals  

It’s pretty darn hard to get from here to there without a road map. Laying out your goals bridges the gap between who you are today and the person you sketched out in your mission statement. Yet when I ask people all over the country whether they write up their goals each year, barely one in 10 say they have. But that 10% gushes over how spelling out their goals transformed their lives.

Tags: Business Insight, Gegax, Tom Gegax

September 10, 2009

Truth or consequences  

Sure enough, your mission statement is a thing to behold, with the potential to light up the world. But it isn’t the Mona Lisa. You can print it out in fancy fonts, frame it, and hang it. It’s still not a work of art unless it inspires you to embrace the art of working and living ethically.

Tags: Business Insight, Tom Gegax

July 20, 2009

There's no 'I' in 'TEAM'  

In the NBA, when anyone on the basketball team is playing for himself rather than the team as a whole, failure is eminent. In business, when anyone in the company has an “I” mentality, it’s only a matter of time until failure creeps into the organization.

Tags: Business Insight, Mark Eaton, Teamwork

June 17, 2009

Guiding yourself to peak personal performance  

Setting a strong management methodology in motion, day after day, requires discipline, and that requires self-coaching.

Tags: Business Insight, Management, Self-coaching, Tom Gegax

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