Limousine Charter & Tour

January 2017

Magazine for the professional limousine, charter and tour industry.

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2 LIMOUSINE, CHARTER & TOUR JANUARY 2017 WWW.LCTMAG.COM LIMOUSINE, CHARTER & TOUR (ISSN 1097-4814) (USPS 734-790) is published monthly by Bobit Business Media, 3520 Challenger Street, Torrance, California 90503-1640. Periodicals postage paid at Torrance, California 90503-9998 and additional mailing offices. POSTMASTER: Send address changes to LIMOUSINE, CHARTER & TOUR, P.O. Box 1068 Skokie, IL 60076-8068. Please allow 4 to 6 weeks for address changes to take effect. Subscription Prices - United States $28 per year; Canada $38 per year; Foreign $50 per year. Single copy - $5; Back Issues - $10; Fact Book - $40. Please allow 4 to 6 weeks to receive your first issue. Bobit Business Media reserves the right to refuse non-qualified subscriptions. Please address Editorial and Advertising correspondence to the Executive Offices at 3520 Challenger Street, Torrance, California 90503-1640. The contents of this publication may not be reproduced either in whole or in part without consent of Bobit Business Media. All statements made, although based on information believed to be reliable and accurate, cannot be guaranteed and no fault or liability can be accepted for error or omission. For your Information: We sometimes make our subscriber information (i.e. fax, e-mail or mailing address) available to carefully screened organizations whose products and services may be of interest to you. If you prefer not to have your information made available, please write LIMOUSINE, CHARTER & TOUR, P.O. Box 1068 Skokie, IL 60076-8068. Member of: Printed in USA A Bobit Business Media Publication 6 LCT Connected 14 Publisher's Page 18 LimoScene 52 Small Fleet Business 65 Smooth Operations 66 Industry Associations 67 Vendor Marketplace 68 Profit Driven 69 Millennial Matters 70 Ask LCT 72 NLA News & Views 76 Farm In/Farm Out 83 Dealer Showroom 87 Ad Index 88 Editor's Edge Cover Story : How does Virginia operator Dan Goff make a better living than most of his peers? COVER PHOTO & Cover Story photo: Kalin Scharnbeck/KMS Photography 34. How to choose the best financial reporting for your business. F E A T U R E S M O N E Y: B U D G E T S 24 How Your Budget Can Be Your GPS The finer your line items, the more likely you'll spot the revenue wasters that nibble your profits. M O N E Y: R AT E S 26 Pricing For More Profit With pressure from TNCs, it's time to go all-in on your rates. Why the days of fees and add-ons are over. M O N E Y: M A N A G E M E N T 30 Are You Part Of A Monied Class? Operators who meet in peer-to-peer consulting groups bare all their finances to achieve stronger results. M O N E Y: O P E R AT I O N S 34 Holding Yourself To An Accountant Whether your financial, tax, and bookkeeping services should be in-house or from outside rests on many factors. M O N E Y: C O V E R S T O R Y 36 Dashboard Helps Steer Company Finances One operator has created a unique, simple tool to track real-time money metrics, just for limousine services. L C T E A S T: H R / T R A I N I N G 40 A Workplace Of Ravers How to get your staff motivated to land and keep clients and get along in the office. L C T E A S T: S A F E T Y & I N S U R A N C E 44 Taking The Premium Out Of The Payment Insurance experts advise operators how to lower fleet policy costs in a market of rising rates. L C T E A S T: P E O P L E 48 Look! They've Been Photo Bombed Annual LCT-NLA Show East picture gallery shows off the industry's East Coast flavah. LCT Contents 01.17 D E P A R T M E N T S Look for These Industry Faces Inside This Issue 48. See who qualifies as an industry star at LCT's Eastern event.

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