Dealernews - December 2008 - (Page 16) SPEED READ 104,000 sQ.FT STATS The size of the newly opened Red Rock Harley-Davidson in Las Vegas. 2.5 acres 30 Total size of the property on which Red Rock Harley-Davidson is located. The number of service stations inside the back shop at Red Rock Harley-Davidson. The service area also features seven bays for collision work. 5 TIPS TO GETTING A GOT PARKING? SMALL BUSINESS BANK LOAN 1. Get to know bankers at a number of financial institutions and find out which financial institutions in your market make loans to businesses similar to yours. Work with bankers who understand your industry and find out how the current financial crisis has affected credit availability in your community. Not all banks have been equally affected by today’s financial crisis. Be able to articulate your firm’s value proposition to its target markets. If you can’t clearly articulate why other companies or customers should do business with your firm, the chances of getting a loan are slim. Understand the risks of operating in your industry, have a plan for mitigating those risks and share this plan with your banker. Bankers are going to do a risk analysis anyway. Try to help them and perhaps you can provide an unseen perspective. Develop at least two ways to get the loan repaid. Bankers look for primary and secondary loan repayment sources. Smart business owners plan for contingencies and share these plans with their banker. Don’t ask for loans that should be funded with equity injections. Bankers don’t get paid to take equity risks; they get paid to make loans that will be repaid on time. Ask your banker how much equity a typical firm in your industry needs to operate effectively. TIPS ON HELPING YOUR COMMUNITY BECOME MORE MOTORCYCLE-FRIENDLY — Point out that dedicated motorcycle parking spaces mean more regular parking spaces for four-wheeled vehicles in paid lots. More vehicles mean more revenue. — Create a coalition of motorcyclists and bicyclists to lobby for the change in parking policy. Bicycle parking may be included in the plan if there is sufficient interest. After all, there is strength in numbers. — Identify areas within a paid lot where four-wheeled vehicles can’t park. Suggest these areas be striped and designated as motorcycle/scooteronly parking areas. Again, more spaces means more revenue. — Provide examples of what other parking facilities, particularly those in the same area, have done to accommodate motorcycles and scooters. — Contact local government officials (mayor’s office, city council members, traffic and parking office, city engineer, etc.) to lobby for motorcycle parking areas on public property. Many elected and appointed officials don’t know there’s a motorcycle parking problem because they don’t ride. — Download and print articles and documents on motorcycle parking, including those from overseas, to pass along to parking facility managers. A simple Google search using “motorcycle parking” will yield a treasure trove of materials, primarily from the public section, including recommendations on size, surface materials, security and other issues related to motorcycle parking. — Look to progressive cities for guidance on how they addressed motorcycle parking. Source: The American Motorcyclist Association, which offers more tips at its Web site, www.amadirectlink.com/legisltn/mcparking.asp. Times are tight, but commercial bank loans are still available for small-business owners who know how to position themselves 2. 3. 4. 5. Source: Bob Seiwert, American Bankers Association senior vice president and director of ABA’s Center for Commercial Lending & Business Banking. 16 DEALERNEWS DECEMBER 2008 DEALERNEWS.COM http://www.amadirectlink.com/legisltn/mcparking.asp http://www.dealernews.com
Table of Contents Feed for the Digital Edition of Dealernews - December 2008 Dealernews - December 2008 Contents From the Editors Inbox Speed Read Joe Delmont Dealernews - December 2008 Dealernews - December 2008 - Dealernews - December 2008 (Page Cover1) Dealernews - December 2008 - Dealernews - December 2008 (Page Cover2) Dealernews - December 2008 - Dealernews - December 2008 (Page 1) Dealernews - December 2008 - Contents (Page 2) Dealernews - December 2008 - Contents (Page 3) Dealernews - December 2008 - Contents (Page 4) Dealernews - December 2008 - Contents (Page 5) Dealernews - December 2008 - Contents (Page 6) Dealernews - December 2008 - Contents (Page 7) Dealernews - December 2008 - From the Editors (Page 8) Dealernews - December 2008 - From the Editors (Page 9) Dealernews - December 2008 - Inbox (Page 10) Dealernews - December 2008 - Inbox (Page 11) Dealernews - December 2008 - Speed Read (Page 12) Dealernews - December 2008 - Speed Read (Page 13) Dealernews - December 2008 - Speed Read (Page 14) Dealernews - December 2008 - Speed Read (Page 15) Dealernews - December 2008 - Speed Read (Page 16) Dealernews - December 2008 - Speed Read (Page 17) Dealernews - December 2008 - Speed Read (Page 18) Dealernews - December 2008 - Speed Read (Page 19) Dealernews - December 2008 - Speed Read (Page 20) Dealernews - December 2008 - Speed Read (Page 21) Dealernews - December 2008 - Joe Delmont (Page 22) Dealernews - December 2008 - Joe Delmont (Page 23) Dealernews - December 2008 - Joe Delmont (Page 24) Dealernews - December 2008 - Joe Delmont (Page 25) Dealernews - December 2008 - Joe Delmont (Page 26) Dealernews - December 2008 - Joe Delmont (Page 27) Dealernews - December 2008 - Joe Delmont (Page 28) Dealernews - December 2008 - Joe Delmont (Page Cover3) Dealernews - December 2008 - Joe Delmont (Page Cover4)
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