RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

Webinars for RV Dealers to Cover Wealth Management, Business Valuation

Mon Dec 11, 2017

146479506090489.jpgFAIRFAX, Va. — The Mike Molino RV Learning Center announced a two-webinar series for RV-dealership professionals, in conjunction with Morgan Stanley. The webinar series for dealer principals will be in December and January. Presented at no charge to RV dealers, the Stanek Group at Morgan Stanley will host the two webinars:

"A Winning Formula to Maximize Your Overall Financial Success" will be Dec. 19 at 1 p.m. EST. The webinar covers how to protect and grow overall business and non-business wealth, and explains how the key to getting consistent, excellent results is by having a proven, repeatable process. This session goes over a wealth management formula and a five-step process to dramatically improve a wealth management plan. This session will be presented by Brad Stanek, certified financial planner.

The webinar will cover the following topics:

  • The two critical steps of the wealth management formula for entrepreneurs

  • The process for executing your plan

  • The importance of having an advisory team and a designated quarterback

"Understanding the Value of Your Business" is slated for Jan. 30 at 1 p.m. EST. It will cover the formula most buyers use when valuing a business to help dealers gain an understanding of what their businesses may be worth, and clarity on what actions have the biggest impact in increasing value. The formula applies to all exit strategies and time frames, whether exiting in the next one or 20 years, selling to a third party, passing along to the next generation, or selling to employees. The session will be presented by Brad Stanek and Randy Rua.

The webinar will cover the following topics:
  • How to determine the worth of your business

  • Types of exit strategies

  • What is a valuation 'teeter totter'

Register here.

About the Presenters

Rua provides vision, leadership and extensive knowledge to guide Rua Associates confidently towards its goals. Rua first experienced the M and A industry when he decided to purchase a business through a business broker. Rua then went to an M and A advisory firm when he decided to sell that business. He worked closely with the firm on selling his business and realized fulfillment in creating the path to fulfill dreams through successful business ownership transitions. Over the next five years, Rua worked at a few firms, developing his own unique process and was highly successful. Out of this came Rua's decision to start Rua Associates.

He earned a Bachelor of Science degree in Engineering from Calvin College as well as a Masters of Business Administration (MBA) with a concentration in entrepreneurship from the University of Southern California. Rua is a Certified Business Appraiser (CBA) through the Institute of Business Appraisers (IBA) and is a Certified Exit Planning Advisor (CEPA) through the Exit Planning Institute (EPI).

Stanek has worked in the financial services industry since 1993, becoming an investment professional with Morgan Stanley in 2009 through a predecessor firm. Initially, with Merrill Lynch, he came to Morgan Stanley to provide clients with a full range of financial services and investment advice from one of the largest firms on Wall Street. As a senior vice president-wealth management, he focuses on the financial planning for executives and business owners using an uncommon investment management style designed to provide superior risk/return results.

Stanek is also a certified financial planner and is registered in all 50 states. His focus is on financial planning and exit planning for business owners in the appliance and electronics, power sports and outdoor power equipment industries. Stanek earned his Bachelor of Science in Finance from Indiana University.