Mar 21 2025 50 mins 1
Got a confession you need to make? Call 704-CONFESS. (704-266-3377)
Shop ownership is hard. Don't make it harder than it needs to be. I personally use Tekmetric, Turnkey Marketing, and Elite Worldwide in my shop, and it wouldn't be where it is without them. Touch the links below to change your business for the good!
In today's episode, Mike Allen is joined by Jim Murphy and Nick Fox. Nick played college soccer and then replaced Jim at Elite Worldwide. What a shift, right? They also discuss why joining a peer group like Pro Service is a game-changer for many shop owners.
00:00 20 Group Insights with Jim & Nick
06:16 Mentoring Future Successors
07:50 Choosing Nick Fox for Coaching
12:03 Shop Owner Confessions and Mistakes
13:50 "Tire Sales Boost Business Value"
19:37 Navigating Business Succession Planning
23:39 Unique Tax Strategies for Family Businesses
24:38 Maximizing Business Exit Value
29:47 "Sherry's Wild Water Challenge"
32:37 Training Resource Inclusivity
36:43 Evaluating Coaching Effectiveness
38:31 Member Referral Approval Process
40:59 Business Transition Strategies for Aging Owners
