Advice For New Shop Owners [THA 311]
If you’re thinking about transitioning from employee to shop owner, this episode is for you. Instead of guessing your way through the transition, let the Aftermarket Radio Network be your free library of industry peers across the country help you get started the right way.
Watch Episode HERE
Maylan Newton, ESI- Educational Seminars Institute, is a business coach, trainer and industry speaker. Maylan’s previous Episodes HERE
Vic Tarasik, CEO of Shop Owner Coach. Vic’s previous episodes HERE.
Show Notes:
- A good technician only makes a good business owner with proper training, guidance, and accountability.
- You need these 5 professionals- business coach, accountant, financial planner, insurance advisor, attorney
- Build the business that survives you and provides a legacy to your family the business is not about you is about all the people that depend on the business for their survival, family employees vendors
- Most importantly, do not treat your business as a hobby you not fixing cars running a business
- The business owner is the leader, not to fix cars/writing service
- “People are so afraid of success, that when they reach success they self-destruct.”
- Not paying yourself opens the door to resenting the business.
- What is YOUR cost of doing business?
- Don’t let the high level of confidence in fixing cars create a false sense of security in solving all things in business.
- Ask questions of the right individuals- someone with experience who’ve successfully overcome what you have in front of you
- “Implementation of knowledge is power.”
- Focus on the fundamentals from the beginning
- “Begin with the end in mind” (Covey)- Now that your journey has begun, what is your endgame?
- “Life begins and ends at the edge of your comfort zone”
- Pay your taxes- set up a system where deductions from
Connect with the Podcast
Check out today’s partners:
Shop-Ware: More Time. More Profit. Shop-Ware Shop Management getshopware.com
Delphi Technologies: Keeping current on the latest vehicle systems and how to repair them is a must for today’s technicians. DelphiAftermarket.com
About the author, Carm Capriotto, AAP
Carm is the founder and host of the Remarkable Results Radio Podcast and the pioneer of automotive aftermarket podcasts. Carm calls on his years of experience in the aftermarket to bring engaging stories from his guests.
Listen to raw, unfiltered, honest, and sincere stories that include insights, trends, best practices, and expertise. Each interview brings an opportunity to learn one new thing through the stories of personal achievement. Many podcast guests tell their story of transformation from working in their business to working on it.
As host of over 1,000 episodes, Carm uses his enthusiasm and passion for the aftermarket especially the service sector to take his listeners on a journey showcasing successful service professionals’ paths to Remarkable Results. He also enjoys interviews with aftermarket industry thought leaders who bring their industry perspectives to his listener.
Follow the podcast on your favorite podcast listening app and always listen to learn just one thing!