Summary
In this episode, Clyde Wilson discusses his parking rules to live by. He explains that the basics of the parking business can be simplified to the statement 'we sell a parking space for time.' He developed these rules to live by based on his experience in the industry and the need for guidelines to help parking managers. The three rules are: 1) Parking is an on the streets business, 2) Get the tickets on the cars and the money in the bank, and 3) Know your numbers.
Takeaways
The parking business is about selling a parking space for time.
Parking managers need to be on the streets and understand their customers' needs.
Recording transactions and tracking revenue are essential in the parking business.
Knowing and analyzing key numbers can help managers improve their operations.
Chapters
00:00 Introduction and Basics of the Parking Business
02:01 Development of the Rules to Live By
06:13 Rule 1: Parking is an On the Streets Business
06:47 Rule 2: Get the Tickets on the Cars and the Money in the Bank
11:27 Rule 3: Know Your Numbers
