THE SHOP

July '20

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32 THE SHOP JULY 2020 ownership was at its peak and there was a heavy inventory of homes on bank bal- ance sheets. Where the Great Recession eventually led to new renters and home purchasers buying up foreclosures and short sales, today we have investors ready to purchase. FINDING THE WAY BACK If there's something we can take away from the successful climb out of the Great Reces- sion and apply to the COVID-19-broken economy, it is adaptation. Things won't go back to normal—or at least not the normal we knew. Even though we're hopeful, we must accept that there will be changes and learn to adapt to them as we rebuild the economy. Modifying approaches through the chaos instead of dwelling on what used to be will be a major ingredient to rebuilding our shops, just like we're seeing the struggling restaurant industry attempt to do. An example from the Great Recession would be when gas prices skyrocketed and the auto manufacturers adapted by building smaller, more fuel-efficient SUVs and trucks. My shop adapted by training our dealerships' sales teams to save their customers money by adding only the accessories the customers stated they needed. Having a plan in place as each state slowly reopens is important. So is remembering that this is a worldwide pandemic. It will take some effort to connect with vendors scattered across the country, all facing It's also a time to appreciate your staff and their dedication to your business in this time of uncertainty. The COVID-19 Recovery Climb NEW COMMERCIAL PRODUCTS • LASER CUT MESH SCREEN • CONSTRUCTED FROM 2" AND 1.5" TUBING • 3/16" STEEL PUSH AREA • BRACKET AND HARDWARE INCLUDED • OPTIONAL LIGHT BRACKETS AVAILABLE • 2" SQUARE TOP TUBE / 3/8" STEEL UPRIGHTS • LASER CUT MOLLE SCREEN • HARDWARE INCLUDED • DRILLING REQUIRED • REMOVABLE CENTER SCREEN • VEHICLE SPECIFIC BRACKETS FOR BEST FIT • PERFORATED TREAD FOR MAXIMUM TRACTION • UNIQUE, HEAVY STEEL CONSTRUCTION GRILLE GUARD HEADACHE RACK TRAK STEPS IRONCROSSAUTOMOTIVE.COM

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