A handful of hundred dollar bills

Most 20 Groups just compare the current year to the prior year, but over at Spader we spend more time comparing current performance against the dealer’s budget. Why? Because a budget is a plan for success and tracking your dealership’s performance against it can help a dealer to adjust along the way, still making money at the end of the year regardless of the curve balls thrown by the market.

Why is a budget important?
– You know how many employees you’ll need to make it happen.
– It defines correct inventory levels both in sales and in parts/accessories.
– Holds managers and employees accountable.
– Lets you know how much you have to spend on variable expense items like advertising.
– And most importantly – it allows a dealer to make course corrections throughout the year. Comparing actual performance against planned can help a dealer to stay in the black even when the market doesn’t want to cooperate.

Going into the new year without a budget is like driving cross-country without a map.

If you are tired of doing autopsies on your P&L at the end of each year, then consider joining a Spader 20 Group and go into 2020 with the confidence that this will be a great year!

https://www.linkedin.com/posts/markjsheffield_spader-management-budget-activity-6618601684572651521-Tk46

#Spader #Management #Budget #dealership #powersports #RV #Marine

Budgeting. Do you plan for success?

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