Remember the ad the Marine Corps used: “Wanted, A
Few Good Men”? Well, there is no doubt that this same
requirement fits every employer out there. Let’s face
it, it is really tough to find and retain good people. So,
what do you do to be the employer that everyone would like
to work for?
Wouldn’t life for a buyer be so much simpler if the
car wash industry standardized and developed a code of ethics
for all manufacturers and suppliers? After all the accounting,
legal and architectural industries have a set of standards;
why shouldn’t the car wash industry?
You ever go to the doctor and he says you’re Ok but
we need to do a little tweaking on those ancillary items?
You know the ones that are like liver, kidneys, prostrate,
heart, lungs? I can assure you if your doc said that to you,
you probably would be pretty shaky!
Being puzzled by the consolidations and changes in the
lending environment in recent months, many franchisor executives
have arrived at the realization that it’s time to consider
diversifying financing sources to better insulate licensees
from ever-changing and tightening credit policies.
Chicken Little said “the sky is falling, the sky
is falling”. Chicken Little, although a children’s
story character, was really an economist, pragmatist, an
accountant, and OH! by the way worked for your local bank
as a loan officer!
Today’s access to information is
incredible. Just think how truly blessed we are as a nation
that at a click of a button or a phone call we can gather
huge amounts of data on
any subject you can imagine.
In the carwash business we are always
searching for extra income opportunities. Finding items that
work and contribute
with minimal oversight is difficult.
For those of you who monthly endure my car wash articles
this one will be some of the same with a twist. Last year
when ISS asked me to write about “ancillary” items
for your industry I wrote about items you could add to your “self
storage” that could produce additional revenue and
be an added value for your customers. We talked about car
washes, coin operated vendors, vacuum cleaners, air and water
vending and a few others.
Over my entire business life I have been fortunate enough
not to be influenced by the World War II generation, who
basically were against anything foreign. My parents were
very anti anything that wasn’t home grown. If it doesn’t
say USA on the label it was inferior and not worth buying.
The elections are behind us the fed is going to inch up
interest rates, so, Mr. Bernanke how much does all this political,
social, economic gymnastics affect car washes? Very little!
I’m one of those guys who grew up with Buck Rogers,
Dick Tracy and a host of other comic book heroes. Yes I’m
in that senior part of middle age where “old dogs” have
to learn new skills.
You have heard the old joke that given the choice between
hazardous waste dumps and lawyers most states would pick
the waste dumps. Sad, isn’t it, that our legal system,
more specifically those who represent our system, have such
a poor reputation?
Whether you are buying, selling, building, or holding real
estate the question becomes; is it the right site?, does
it fit the economic axiom of highest and best use?
The amazing thing to me is the more things are improved
the more they are the same. Take Security as an example.
Over the last few weeks I have attended two industry trade
shows. The first dealt with the storage industry, the second
with car washing.
In the late 80’s and early 90’s a major shift
occurred in the car wash industry. That shift was the introduction
of “the touch free” rollover/ in bay automatic.
By definition a rollover is a machine that washes a stationary
car by moving back and forth or “rolling” over
the vehicle.
It always amazes me that when you really need a bank they
don’t need you! And of course when they are out soliciting
you’re not interested. Other than using a bank to acquire
a business do you really need them?