The economy is improving, ever so slightly. Nothing is going to happen, good or bad, until after the election in November.
So this might be a good time for some modest risk taking. There are a lot of opportunities in the retail business because many dealers are betting that things will get worse after the election, and they want to cash in now. This is not the high point for values. But it might be in some folks' minds.
So this might be the right time to do a little expansion. It's not the best of times, but is there ever a perfect time? Take the real estate market. There are still plenty of residential and commercial buildings available at fairly cheap prices, and most folks expect those prices to go up.
And if you've got that gene for taking risks, shouldn't you explore the international retail business?
You will need a good partner, which is always the secret ingredient. There are a lot of emerging markets that need the savvy of the American retail system. Think of the BRICS countries: Brazil, Russia, India, China and South Africa. This may be the time to see whether there are any smart entrepreneurs looking for a U.S. partner.
There are opportunities available. The risks are greater, but so are the rewards.
It might be more comfortable for most dealers to stay in North America.
There are few businesses, even with all the challenges, that offer the chance for an entrepreneur to hit it big. Considering all the successes in the retail business, it's obvious that if you are good you have a chance to hit a home run.
There always will be manufacturers looking for added distribution or even new distribution in the United States. Take a look at the car companies around the world that are not selling vehicles in the United States, and you know there will be plenty of opportunities in the coming years.
It is a great, challenging and always-changing business. It also has big opportunities as long as the factory doesn't cancel your franchise.