It’s no secret that consumers are spending less these days and that savings rates are rising. Hidden behind this obvious fact is the lesser-known reality that our industry’s top customers, the 79 million baby boomers who have been buying, trading in and upgrading their boats for years and years, may be saving themselves right out of the boat market. Read more >>
Two weeks ago in a martial arts class, I accidentally hurt one of my best friends. Beyond the pain of the injury, it had real potential consequences for her. She was only a few weeks away from one of the many exams required to get her black belt, something she has been working toward for more than three years. I felt awful that I had hurt my friend and put her ability to reach such an important goal in jeopardy. Besides apologizing, I didn’t know what to do. I didn’t sleep well for several nights afterward, and I skipped class for a few days. I was afraid to face her and our mutual friends at the dojo. Who would want to train with me now? Read more >>
Tags: layoffs
Joe Cavarretta has sat through enough budget meetings to know that it can be tough to live up to numbers that were put to paper months prior. In today’s economy, “tough” can be an understatement of magnificent proportions. But Cavarretta has devised a method, along with fellow managers at Riva Motorsports, a seven-brand powersports dealer in Pompano Beach, Fla., that helps him and Riva’s three-location company unearth valuable information that aids the dealership in improving its business. Read more >>
Tags: Economy, P&L, Powersports, Solutions
