Tag: Henry Ford

For most dealerships, times are hard. The leads have slowed down, the obstacles of financing should qualify as an Olympic sport and advertising just doesnt work like it used to.

And the truth is that many dealers are going under. Theres going to be a lot of casualties after this one.your store included.

OR maybe not.

This current financial crisis may really be your best blessing as a small business owner.

Sounds crazy, however heres the deal.

Many dealers are going out of business. No doubt. Its already happening. Your job is to be sure its somebody elses business going under not yours. And there are very real ways to do this, if youre really serious about being among the 20% of dealers who will survive the storm.

Im going to give you some cold, hard stats and ways to aid you in simply a moment, but let me begin by saying that if you dont have the correct systems or processes in place, work them out now. If you have personality conflicts, deal with them today. If you dont have a system for staying in touch with past customers and unconverted leads, get one.

If you dont have a crystal clear answer to the query, “Why should somebody choose me over other dealers?” figure it out this weekend. If you dont have a predictable way to get new clients into the door, at will, now is the time to do something about it. If you have floor plan issues or problems with your lenders, it’s better to sort it out this month than next.

Why?

It all comes back to the timeless 80/20 rule, also known as the Pareto Principle.

If youre not acquainted with the Pareto Principle, this rule dictates that 20% of dealerships naturally get 80% of the business. In different words, the 20% of dealers who can survive this current economic storm will do so because they make 16 times as much as those in the 80%.

And because of this capability to earn additional capital, when the market does come back (which it invariably will), theyll be larger and higher than ever, readily positioned to eat up new shares of the auto market.

That may mean more dealers go out of business once more-but it wont affect you if youre among the 20%.

So what can you do to make sure your dealership quickly and easily ends up among the 20% if youre already in, or teetering towards the 80% category?

Well heres what dealers in the 20% group do, and what youll need to do if you plan to survive:

1. Theyre sharpening their axe to make sure the dealership runs smoothly
2. Theyre going through extra lengths to make sure the staff is well skilled
3. Theyre getting a dense hold on the marketing engine that will drive their business over the following few years

And most importantly, they wont panic or talk themselves into defeat. They know individuals will still buy cars. Just not as many. They also know theres going to be less deals to go around and theyll do what it takes to safeguard that business.

Now, what happens if things get real unhealthy, and unemployment rises to 15% or a lot more? Well if youre in the 80%, you’ll be forced to lay off and you wont have the required sustain employees to run your store.

BUT, if youre in the 20%, 15% unemployment rates mean youll have the pick of the litter of who you would like to work at your store. It means that youll have the cash to dismiss your deadbeats and riff-raff and be ready to replace them with competent, skilled, hard working folks in an instant.

Therefore high unemployment rates can be a good thingif youre in the right group.

The 20% group will see these hard times as an opportunity.

Smart people (those in the 20%) know that now, and the months ahead are prime time to invest in stock, real estate, human capital, marketing, inventory — and theyll be the ones who really rake it in when the market comes back.

Thus where can you fall as it relates to the 80/20 rule?

Heres something else that we know for sure

1. 80% of the individuals reading this can create solely 20% of the results they have to be successful (harsh, however true)
2. But 20% of the dealers reading can create 80% or more of the results they need to make itand make it huge!

A small percentage of the dealers reading this right now are prepared to make marvelous progresses in the coming months, whereas the rest are destined to mediocrity.

Now here’s where things get really crucial. The eighty/twenty rule repeats itself, infinitely. Which means the top 20% splits itself into eighty/twenty. Thus theres the top 4%.

Then it happens again. 20% of the top 20% of the top 20% — the top 0.8%. Thats where you really need to be. If we didnt already challenge you enough to be within the top twentyif you REALLY want to come out ahead, try to become a top 0.8% person.

Let’s take a closer look at the .8% person:

Each decision is carefully made by a 0.8% person because its way more important than a decision made by an 80% person.

A 0.8% person knows a way to focus and slim their labors on those things that are actually crucial. Even though he might have a list of 43 things to do, hell hone in on the three or four that are more important than all the others combined. But the 80% people treat all things as if theyre the same, or worse, work on the forty less crucial tasks before they tackle the three or 4 that really matter! They have no sense of priority and hence they “busy work” themselves out of survival.

The 0.8% person carefully discriminates what information he will allow into his mindwhat he reads, listens to, or watches on TV who he surrounds himself with. The 80% people are “open minded” and “tolerant” to just about anyone or any idea.

The 0.8% people belongs to some kind of mastermind or “good ol boys” club. This can be the sort of group that can support, hold up, and go the extra mile for its members. And most of the 0.8% folks pay BIG money to be in these clubs! However again, unlike the 80% who would see it as a waste, they understand the worth and that some of the most brilliant men of all time, (i.e. Carnegie, Henry Ford, Ben Franklin) all participated in the same.

The 0.8% person is perfectly immune to disapproval from othersdoesnt care what most folks think is not affected by pessimism on the news, from neighbors or family members. He realizes that the mass of humanity is nearly always pathetically wrong. The 80% folkswell, theyre the masses.

So, friend, whats it gonna be for you? 80%, 20%, 4%, 0.8%? Your actions now will finally determine your fate of your future. So choose the winning team and start down the road to success-even in these tough financial times!

Before you learn about how the first automobile came to be, we just wanted to let you all know about this cool new online auto comparison website. If you are ready to start saving on your auto insurance, give them a look!

Who invented the first car? Well that depends in the historian that you are talking to as well as what you define as an car. Most people accept the gasoline-powered car with and internal combustion engine as an car, however there were self propelled steam as well as electric cars way before the gasoline motor powered vehicle was invented. Nicholas Cugnot built a steam self-propelled vehicle in 1769, a long time before the gasoline powered car. The who invented the first car is also mistaken by lots of people when talking approximately the invention of the automobile. It was Karl Benz that invented a three wheeled car with an internal combustion engine, as well as fueled by gasoline in 1885 and patented in 1886.This type of vehicle is what is accepted as the automobile of this day. At that time, most people were riding horses or traveling in horse drawn carriages. Trains were also popular; nevertheless there was a great need for a self-propelled car. In Europe automobiles were already in mass production (1893 Benz Velo). The Benz Velo was inexpensive comparatively. Items required as well as were approximately to take a giant change on the US that would affect the world as it was then and as we understand it now.

Many people even today mistakenly suppose that Henry Ford invented the 1st auto and that might turn out to be because over the US he was the one person is known for the invention of the car. Ford, born in Michigan as well as lived in Detroit where he had a job in a machine shop where it was the perfect of circumstances for his innovation. He had a job at Westinghouse Engine Company in 1896, 11 years after the 1st auto was patented in Germany, where Henry Ford built an automobile and sold it to finance a better version. While Ford will be remembered for a lot of items the Model T will be one of them. When it was released to the public the price was $950, a luxury item that only the rich could afford. After 19 years of production though the price when down to $280 is a few places. Ford had once said, “I will build a car for the fantastic multitude.” As well as with the Model T, he did just that and brought the price down so the average man could afford it by producing assembly lines for mass production. Almost fifteen.5 million cars were sold over the US alone. Henry Ford had so a lot of accomplishments in his life, he also made to so there was a Ford dealership in almost every city/town on the US and paved the way for roads to be built across the US.

On the early 1900s France as well as the United States were the foremost places that had mass production for the vehicle. In France the first cars were being produced as well as sold to the public, but each model was made diverse. The Benz Velo was the first to turn out to be created exactly the same way and was in mass production in the mid 1880s. This was known as the Veteran Era and in the US the Duryea Brothers founded their company to become the 1st auto manufacturer. The company that was later to be known as Oldsmobile would take the lead in production soon although. Just a year once Olds was started though Cadillac was producing thousands of cars. Once the Veteran Era there was the Brass Era, where lots of of the vehicle innovations that we see on the cars we drive offer. Next was the Vintage Era where the US saw the ending of WW1 as well as the depression cause of the stock marketplace crash. Cars were mainly sold to the well off; improvements even were made to the auto although. Then came the Pre WW2 Era that started with the depression and ended with the ending of the war. Fenders, trunks and closed bodies were popular and took hold at this time. At last there are the Post War and the Modern Eras, were most of the cars that we drive today are.

The invention of the vehicle as has not only given us luxury, and easy access to long distance, it has also created a whole new industry through the US. Mass manufacturing of automobiles was a vision of Henry Ford to streamline the manufacturing process and he mainly paved the way for other car businesses as well as all kinds of manufactures of all products every single one in the world. Henry Ford for the vehicle industry introduced the conveyer belt for his assembly line as well as reduced the time of a Model T from 728 to 93 minutes, thus reducing costs. The automobile industry quickly turned into a huge part of the US itself as well as affected the economy in a big way. Vehicle makers to automobile dealers to vehicle buyers every single one offer a part. Every single one of this changed how people lived, used, and saved money. For numerous the automobile industry was a way to manufacture a living because their job was somehow related.

Cars now are part of pop culture now too. Many of us offer a dream car, usually one from a TV show, Movie, or MTV video we saw various time. Numerous of these cars are from the Modern Era and are what are known as Muscle Cars and or gas-guzzlers. One of these is the 1967 Ford Mustang Shelby GT500 fastback as well as featured over the Gone in 60 Seconds [2000] film. Another might turn out to be the Night Rider car, the 1982 Pontiac Firebird Trans Am. How almost the Back to the Future 1981 DeLorean DMC 12? DeLorean went bankrupt in 1982 just a year later.

Now as gas prices have went over the roof, the need for alternative ways of travel has increased. Combustion engines that you put in gasoline perhaps out of date in just several years. Many people are going green now and electric powered cars are extra as well as more popular, other alternatives are being witnessed buy the vehicle manufacturers as the buying public are changing the type of cars they purchase. They might spend additional now for such as a hybrid now as well as save over time by not paying so much in fuel.