Recently Lennox shared its 2022 Q4, and annual, performance and shared some early thoughts on 2023. We thought we’d take a look at their earnings transcript (or here is a recording of the call) and share some thoughts: Performance Record results (Congratulations to Lennox but, do you know a manufacturer that didn’t have record results in 2022? A little thing called … [Read more...] about Lennox Reports Strong 2022 Sales, LSD for 2023
HARDI Ignite … Generating Insights
Last month HARDI held its Annual Conference and, like most, it attracted many manufacturers, distributors and independent representatives from the industry. All had similar questions ... "how has your business been?" and, more importantly, "what are you seeing for 2023?" Everyone is seeking a benchmark. At the same time, lots of one-on-one meetings between distributors and … [Read more...] about HARDI Ignite … Generating Insights
10 Tips for Recruiting Talented Candidates
One of the areas where we hear companies are continuously challenged is recruiting quality people that have some experience with the HVAC industry and targeted product categories. It's usually not too difficult to find people with specific skill sets. The challenge is finding people with a combination of the right skill sets. And while recruitment is a challenge in many job … [Read more...] about 10 Tips for Recruiting Talented Candidates
9 Ideas for Profitable Growth in 2023
Over the holidays I was contemplating writing a “10 Trends” type of article. You know, the type where you theorize what will occur in the coming year and talk about how companies can generate growth and profitability in the new year. And then I starting thinking “why”? I mean, enough has probably been talked about industry challenges. No one has the crystal ball regarding … [Read more...] about 9 Ideas for Profitable Growth in 2023
eCommerce … What is it for Distributors
Last week John shared insights regarding Watsco’s digital journey and how the company is accelerating account penetration, and hence sales, via its eCommerce initiatives. Unfortunately not everyone has the resources that Watsco has. Now, we know many are saying “digital isn’t for my customers” or “we have a site but we’re not getting the same traction as Watsco” or perhaps … [Read more...] about eCommerce … What is it for Distributors
Efficiency Changes Create Opportunities
As we come to the end of the year, aside from reflection it's also a time for planning. For manufacturers, along with sales planning with their reps and distributors they are in the midst of preparing product launches. Some of these launches come from regulations that are coming into affect. Understanding the inventory and sales impact of these regulations can position a … [Read more...] about Efficiency Changes Create Opportunities
2023 Planning Addressing Bias
After spending 40+ years in a multitude of sales and sales management roles your often asked to deliver “the secret” to a successful sales process. As with most everything worth knowing nothing ever comes down to a simple answer. Why do sales teams succeed or fail? The answers range across the board from the salesperson, the sales process to the organization and its … [Read more...] about 2023 Planning Addressing Bias
