Automotive Specialty-Equipment Businesses Remain Optimistic Despite Supply Chain Issues
The record-high sales growth over the past two years for the automotive specialty-equipment industry is beginning to level off or subside, according to the newest SEMA market research report. Despite ongoing economic uncertainty, supply-chain issues, and rising costs, companies remain optimistic as sales remain solid and above pre-pandemic levels. “Businesses experienced record-high growth the past
Southern Style Racing Engines in Pinellas Park, FL
Southern Style Racing Engines (SSRE) & Components Inc., based in Pinellas Park, Florida, is for sale. Founded 50 years ago by current owner George Pils, SSRE is a fully equipped machine shop and performance parts business. Included in the sale is a robust stock of parts and purchasing power at some of the industry’s best rates.
Ford Announces it Will Split EV and IC Development Into Different Business Units
Ford is continuing to transform its global automotive business, accelerating the development and scaling of breakthrough electric, connected vehicles, while leveraging its iconic nameplates to strengthen operating performance and take full advantage of engineering and industrial capabilities. “This isn’t the first time Ford has reimagined the future and taken our own path,” said Ford Executive
Spring Has Sprung – Will Landscape Engines Grow Your Business?
Have you noticed your allergies are acting up? Are the birds chirping a bit louder? Is it getting warmer and greener? Good, it’s not just me. Spring has sprung in the Northern hemisphere and that means people are going to be getting out their lawn and landscape tools.
Understanding the Basics of Your Business – Taxes
They say nothing in life is certain except for death and taxes. In most parts of the world, taxes are part of life and certainly part of running an engine building business. In the US, large expenses associated with running an engine building business are federal, state and local taxes.
You Better Think – How to Find Your Niche in a Competitive Market
It was Aretha Franklin who said, ‘You better think…’ many years ago, and while she wasn’t speaking about engine building, the statement still applies to the engine builder’s business. Too often in this industry, and in any business for that matter, the status quo or how things have always been done is the standard. In
The Best Way To Boost Your Business? Build a Rapport and Relationships
It’s important for you to get familiar with and interact with many more people in your business than just your customers. Getting familiar with your banker, suppliers, services and the media can be a big help. One thing that helps me has been my racing and involvement in motorsports. Even if you are not a
Profitable Performance – Sell Value Before Price
Selling value is all about selling you. Yes, this is the time to roll it all out. Your years in business represent security. Your vast resources and a belief in using quality products is important as well. Everyone knows quality costs a little more, and the implication is that it is worth it.
Numbers Don’t Tell The Whole Story
Thankfully, many of YOU took time to give us an inside look at your businesses.
The Payday Polka
Payday. While it is music to an employee’s ears, payday presents logistical and legal challenges for your company. One of the chief challenges is ensuring your employees are paid properly under the Fair Labor Standards Act (FLSA).
A Winning Workplace
Having difficulty finding talented employees? Take a good hard look at the engagement level of your existing employees first. Spending the last 20+ years in business consulting, the past 10 in my own practice, I have too often heard the plea “we can’t find good people” from business owners and/or management personnel. In fact, if you’re a shop owner or manager, there’s a very good chance you’ve said this yourself at one point or another.
5 Surprising Strategies To Increase Business Productivity & Profitability
Maximizing both productivity and profitability in a business often takes out-of-the-box thinking. But, don’t stop there! It’s also wise to go a step further and think against the grain to look at issues and approaches through a different lens.
