RETAILOBSERVER.COM AUGUST 2024
6
Moe Lastfogel
moe@retailobserver.com
Moe's Musings Views
Here's to keeping that motor running smoothly,
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A
ugust is a favorite month of mine. Why? Car shows! For years
I've made an annual pilgrimage to Hot August Nights in Reno
to be awed by the hotrods, classics, and antiques. What I
wouldn't give for a share of that chrome and horsepower! When you
read this I'll be on my way to enjoy the event and spend time with four
of my grandchildren.
Why do I bring this up? Well, I like cars, and whenever I work on my
own car, a 2007 Yukon 4x4, I'm usually thinking how I can keep it
running well for another 17 years. When I replace parts, I have lots of
choices – I can upgrade the brakes, buy longer-mileage tires, and
replace other parts with high-performing gear. The logic is that they'll
last longer and help my vehicle run better. My goal is upgraded
maintenance.
Maintaining your company can be a lot like the proper upkeep of a
vehicle. I have to make sure the products I buy and install are high-
quality and will serve for many years. In retail, it's more or less the
same – the best changes upgrade our profitability.
In your business, the items you purchase to make your business run
need to be of high quality, because substandard equipment and
products are likely to hurt you in the long run. They include everything
from delivery dollies to the tape you use on your shipping boxes, as
well as the boxes themselves. Bad tape needs more tape to hold it
together, and bad boxes need more tape. Going cheap can get
expensive quick! Sometimes spending a little more will go a long way
toward stabilizing and raising your bottom line, just like it keeps my
vehicle purring happily through the years.
tribgroup.com
HOT
AUGUST
NIGHTS
