Was There A Smooth Transition To Shop Ownership? With Lalo Castro of Paso Robles Auto Repair
In this episode, Jimmy Purdyt is joined by Lalo Castro of Paso Robles Auto Repair. They reflect on whether they would become business owners again and share their unique path to shop ownership.
They also discuss their former shop and the changes they've had to make once they became business owners.
00:05:35 Ease transition with legal contracts.
00:07:31 Takeover existing business for success.
00:15:44 Listen to your mentors.
00:20:45 Employees are not replaceable.
00:24:56 Create a positive shop culture.
00:29:50 Become a good leader.
00:34:38 Invest in yourself and your business.
00:39:43 Negotiate costs to save money.
00:40:52 Pay techs fairly.
00:45:44 Be proactive and productive.
00:52:43 Clean up for efficiency.
00:57:43 Take control gradually.
01:02:43 Respect, not superiority.
01:03:45 Establishing shop boundaries and roles.
01:11:05 Constantly strive for progress.
01:12:37 Network with other shops.
01:21:04 Do your research before buying.
01:26:55 Learn from mistakes.
01:27:05 Take risks and learn.
They also discuss their former shop and the changes they've had to make once they became business owners.
00:05:35 Ease transition with legal contracts.
00:07:31 Takeover existing business for success.
00:15:44 Listen to your mentors.
00:20:45 Employees are not replaceable.
00:24:56 Create a positive shop culture.
00:29:50 Become a good leader.
00:34:38 Invest in yourself and your business.
00:39:43 Negotiate costs to save money.
00:40:52 Pay techs fairly.
00:45:44 Be proactive and productive.
00:52:43 Clean up for efficiency.
00:57:43 Take control gradually.
01:02:43 Respect, not superiority.
01:03:45 Establishing shop boundaries and roles.
01:11:05 Constantly strive for progress.
01:12:37 Network with other shops.
01:21:04 Do your research before buying.
01:26:55 Learn from mistakes.
01:27:05 Take risks and learn.
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