Ever heard of the ‘entrepreneurial curse?’ Do you see opportunity everywhere you look? Are you ready to go multi-location? Or have you been approached to sell? I’m with Greg Bunch from Transformers Institute at Vision 2022 and we discuss the boom in becoming a multi-shop owner and the future of our industry.
Key Talking Points
- Hard lesson learned from IRS
- Entrepreneurial curse- doing it right, seeing opportunity everywhere
- Retire with purpose- retiring ‘early’ isn’t always the best
- 3-4% of shop owners are multishop
- Opportunities for private equity acquisitions- having multi shops changes the multiplier.
- Does your business rely on you to run?
- Transformers Institute- Prepping store for growth and talking through acquisitions, partnership, and financing. Education and analysis.Formed different groups, 3 platinum, 3 gold, with a waiting list. “Group of growing peers,” recent group is a shop foreman group (getting more out of the shop with than without)
- Advice- be curious, ask questions, research
- Future- electric cars, gas prices, Q & A program for inbound calls (50 per month) measures over 50 data points (tone of voice, price on the phone) people are missing empathy when speaking with customers
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Check out today’s partners:
More Time. More Profit. Transform your shop at getshopware.com/carm