Ron Haugen – Sold his business Westside Auto Pros, Des Moines, IA. Ron is consulting and teaching.
Dick Jobe – Former shop owner, Downtown Import Service. He was known as Dr. Volvo. He now owns Machine Head and he is making metal art.
Doug Stoll – Retired. Past owner of Susquehanna Auto Clinic and The Auto Clinic. Now a part-time coach for Elite Worldwide. A co-founder of Vision.
Jerry Holcom – President of Mid West Auto Care Alliance (MWACA) and owner of S & S Service in Kansas City, MO. A co-founder of Vision.
Key Talking Points
- Succession plan- need to plan ahead
- It’s worth what it’s worth- business is worth cash flow not assets
- Common mistake- last 5-6 years of owner’s career they do not want to spend money/send employees for training. Declining business because they are not aggressively growing it and subsequently will not worth as much when want to sell
- You’re either going to die or retire- be in control of your retirement, plan when and set yourself up for life after business. Don’t let a life event plan it for you.
- Future in industry
- Cost of business increasing
- More specialization due to technology
- Business coach
- Establish and fund budget for annual equipment purchases
- Not retired but his friends on the podcast are!
- Loves going to work at shop still
- Doug Stoll
- Had a goal to retire at 50. He made that goal. Sold business in 2003
- Avid golfer
- Business coaching part-time
- Dick Jobe
- “Dr Volvo”
- Before sold business went back to school and got a degree in machine tool technology and advanced welding
- www.machineheadkc.com– mentor interns and help them grow
- Started making artistic work
- Ron Haugen
- Sold business in September 2018
- Business coaching part-time and living the dream in Mexico
- Thanks to Jerry Holcom, Doug Stoll, Dick Jobe and Ron Haugen for their contribution to the aftermarket’s premier podcast.
- Link to the ‘BOOKS‘ page highlighting all books discussed in the podcast library HERE. Leaders are readers.
- Leave me an honest review on iTunes. Your ratings and reviews really help and I read each one of them.
Subscribe to a mobile listening app HERE.
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