Podcast: What I Learned When I Sold My Shop
There is some secret sauce shared including the most important question you need to answer, setting up your spending plan, how important location is and the need to know the demographics of that local community. Is the income level such that money can be spent on vehicle service and maintenance? LISTEN HERE.
We talk financial, (knowing your numbers) debt, cash flow; all very important parts of a CEO’s responsibility. Many great technicians, who are unemployable, strive to start their own business because they want to do things their way. Most find out that it is not an easy task. There are responsibilities beyond financial and cash flow like, marketing, the tax man, HR laws and that is just the tip of the iceberg.
This panel does a great job of explaining the challenges you’ll need to deal with so you can find your successes sooner rather than later. It is a slow process, but success shouldn’t take years to achieve.
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