Column

Mike Cioffi offers guidance to hiring teams as they address the challenge of finding the right talent.

Here is the tale of two sellers, both operated by a father and son duo who had every intention of growing their dealerships in the not-so-distant past, only to come to the same conclusion: Sell to a fellow owner and friend.

"Bob" is the cliché for a veteran tire tech who has been servicing tires for years but cuts corners and skips safety steps in an effort to speed up a job.

As a business owner, understanding the financial ecosystem where your company operates is crucial for making informed decisions.

"There's something special about the engines, the speed, the danger," he said about his affection for motorsports. "I've loved it since I was a toddler, and I'll probably love it until my dying day."

Recent trends indicate a slowdown in EV adoption, posing challenges for manufacturers and broader implications for the automotive service sector, especially independent tire and service centers.

As we head into 2024, be prepared for an uncertain future.

As we reflect on 2023 as it pertains to the tire industry — with the rest of December still to come — it's been a remarkable year.

Regardless of your job title or industry, all business is ultimately about people.