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Managing Debt Versus High Interest Rates

November 29, 2023

By Victor S. Parra, Contributor Running a private motorcoach company is a capital-intensive business. Balancing the need to upgrade your equipment to meet customer demands against high interest rates while still keeping debt under control, is always a major challenge for our industry. Recently, the Wall Street Journal ran a front-page piece entitled, “Bankruptcies Increase…

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Thinking About Selling Your Business? Know Your Options!

June 7, 2023

By Victor S. Parra, Contributor Not too long ago I read an interesting article in the Wall Street Journal (WSJ) about selling a small company. The article was entitled, “Who will inherit the family business? Often, it’s Private Equity.” Needless to say, the article jumped right out at me. I suspect the issues these families…

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Strategies To Offset Higher Financing Costs On Motorcoaches

June 7, 2023

By Matt Hotchkiss, Senior Vice President, Bus Division Sales Manager, Commercial Vehicle Group, Wells Fargo Equipment Finance The motorcoach industry has always had its fair share of challenges, typically brought on by major economic events. The most recent impact to the U.S. economy was the COVID-19 pandemic, and prior to the pandemic, companies had to…

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Travel Insurance: Why You Should Give It A Look (Or Second Look)

April 4, 2023

By Sharon L. Broo, CTA, Contributor As professionals in the motorcoach industry, you’re probably saddled daily with never-ending responsibilities related to logistics, operations and planning. Perhaps offering travel insurance has never even occurred to you. Or you’ve thought about it, but the thought of adding one more responsibility to your plate is overwhelming. The good…

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Why Is It Important To Know The Worth Of My Business?

April 4, 2023

By Victor S. Parra, Contributor When you read this headline, you may be asking yourself, “Why do I care? I’m not interested in selling my business.” Uncertainty seems to control a lot of decision-making these days. With Wall Street analysts continually touting their concerns for an economic downturn in 2023, business planners are hesitant to…

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