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/biz/ - Business & Finance

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14556287 No.14556287 [Reply] [Original]

I have inherited a Motorcycle dealership... I have no idea on how to properly manage the finances of the business, am struggling to cut costs. We are able to turn a decent profit, but how the hell can I learn how to make it grow?

>> No.14556308

>>14556287
Sell it and invest in crypto

>> No.14556317

>motorcycle dealership
>making a profit
Top laugh
Your best bet is to sell it to someone who knows wtf they are doing, or at the very least, hire a competent manager and start delegating shit
The worst thing you could do is start micromanaging

>> No.14556361

>>14556317
It's a third world country. Most people go around in motorcycles, I understand the business inside out and I do have managers to help me out, my problem is cutting costs.

>> No.14556543

This thread is what /biz/ should be. OP, I have no idea how to run a business, but maybe we can think of something. Do you sell only motorcycles or do you sell parts as well? Do you offer services? I take you have suppliers too?

>> No.14556565

>>14556287
Get off of biz, anon. You will find no real business help here. But I'll try anyway. You really want increased revenue. Get your sales up. make each customer more valuable to you via promotions etc. Whatever you do, don't reduce commissions or employee pay. This is a short term play that will bury your business. Any costs you cut should come from squeezing suppliers, lease, etc.

>> No.14556581

>>14556543
I agree this is what /biz should be, but its overrun with shills and shitposters.

>> No.14556612

>>14556565
>Any costs you cut should come from squeezing suppliers, lease, etc.
This is what I was thinking too. If I were him, first thing I'd try to get better deals from suppliers.

>> No.14556620

>>14556361
let's start small
do you use LEDs for outdoor display lighting?
What's your showroom like?
In addition to selling, do you make repairs?
What's your staff roster like? Big or small?
Do you have a dealer services company that manages your needs for office supplies? Your spare parts needs?

>> No.14556651

>>14556565
t. Theory Y
Op’s from a shithole, slave labour is his top advantage

>> No.14556668

Take a seat OP.

Please provide the following information so I can better assess your high level financials: Revenue, Expenses, COGS, Cashflow, AR, AP.

On growth: Saying I want to grow this bigger is not a sufficient answer. You need to set clear metrics around YOY, MOM growth metrics and track it. So let me ask you again, What is your growth goal?

>> No.14556678

>>14556651
won't work. no concept of time in these places, usually. The individual makes a way for himself and doesn't enjoy the idea of a power structure. People like these need plenty of incentive before they even begin to do half a decent job

>> No.14556725

>>14556287
who keeps the books

>> No.14556781

>>14556543
I sell everything for motorcycles, including mechanical services, insurance and etc

>> No.14556831

>>14556612
That's an issue. We are a Honda dealership, whilst I have 86% market share in my area, in order to have the rights to the brand I must pay them what they ask most of the times. The only section I can really get some discount from suppliers is Helmets and equipments.

>> No.14556895

how many salesmen do you have. do you have a bdc department

>> No.14556974

>>14556287
You have to go really fast on a bike first, become master racer, brand the shop with your name... profit.

>> No.14557155

>>14556895
4 internal 6 external
What's a bdc department? I'm not familiar with english business-related terms.

>> No.14557264

>>14557155
Business Development Center. It’s where customers call in to request blowjob prices.

>> No.14557288

>>14556361
>third world country
Sell it to some boomer expat for triple it's value, it'll seem cheap to him because it is compared to in the first world. Then buy a business you know and can run competently.

>> No.14557318

Who do you have for dealer services? if THEY'RE SUPPLYING YOU WITH CUSTOM STATIONERY ANSD WHATNOT, YOU CAN GET RID OF IT AND BUT STANDARD FROM OFFICE SUPPLY STORES.

Didn't realize I hit caps and I'm not retyping this.

>> No.14557336

>>14556308
Hire a Jew
/thread

>> No.14557552

>>14556831
>We are a Honda dealership
You're from Brazil, right? I need to exchange my CB300 for a new bike. Give me a 4chan discount, OP?

>> No.14557649
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14557649

>>14556361
Why do you need to cut costs? Wouldn't it be a better use of your time to focus on increasing sales?
Cutting costs is not necessarily a good way to increase your profits.

>> No.14557753
File: 169 KB, 646x700, 1518107464416.png [View same] [iqdb] [saucenao] [google]
14557753

Bump for good bread.

>> No.14557820

>>14556287
motoqueiros quebraram o sus
vc vende moto vagabunda e barata pra uma populacao burra
hospitais nao conseguem fazer cirurgia eletivas pois todos os dias devem urgenciar motoqueiros e isso se torna uma bola de neve
eu repito: motoqueiros quebraram o sus
obvio que isso nao eh sua culpa, vc nao tem culpa de nossa nacao ser estupida demais para dirigir uma moto com prudencia
mas as vezes meu relato vai te ajudar a se desprender deste negocio, OP

>> No.14558064

pump

>> No.14558121

>>14557155
blowjob prices optional. what's your inventory, and how do your salemen conduct themselves. do they get on the phone or do they sit around watching netflix all day

>> No.14558213

>>14557820
LOL I literally had never been in a crash accident and see zero accidents almost everyday. Do you know what broke the sus? Mosquitos. Thosr pieces of shit breed the most in dirt shitholes like this country.

>> No.14558350

Calling larp on this. OP keeps ignoring legit questions asked by anons on the business metrics.

>> No.14558372

>>14558213
nah bro
im a surgeon at sus, open fractures and high energy trauma fractures are ten times more incident than twenty years ago, theres no room in the ER and most public hospitals nowadays has at least 60% of its human and technical resources destined to motoqueiros
i shit you not bro, you may not have been involved in an accident but thats reality
i also get around in a shitty bike around town for menial tasks, but we are arguing in english in an anime image board, we are not exactly the most accurate demonstration of our bikers

>> No.14558387

>>14556287
Is the pic the foldercover for your pedoshit? Reported you child molester!! Hope u got vpn active..

>> No.14558530

>>14558350
Questions asked by anons in this thread are pretty overwhelming for him I guess. Op is probably a 3rd worlder who don't english very well.