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    I just signed the lease for our vintage auto restoration shop

    EXECUTION 
    Hello Everyone, as I posted in a previous I am greatly expanding my vintage auto restoration business. I thought I had a deal worked out with an elderly local businessman to buy his race car shop building and property. He actually called me to ask if I was interested and offered a fair price...
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    Wealth Mindset vs Middle Class Mindset In Business Owners

    MINDSET 
    Hello Everyone, I had an observation this morning when talking to another local business owner. This is my Snap On tool dealer and as some may know this was a franchise he bought for over 6 figures. I was discussing the move we are making to a much larger shop and how I am growing this...
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    Renting or Buying Commercial Property For Your Business

    REAL ESTATE 
    I met with the property owner today and feel very positive about this deal. The property has 2 buildings. One that is 8000 sf and the other is 5600 sf. The owner currently occupies the larger building and he uses it as a shop for his personal projects (he builds really high end race cars...
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    Renting or Buying Commercial Property For Your Business

    REAL ESTATE 
    Hello and thank you to all that replied. I have found a building that is perfect for our use. It is already setup for automotive and is 8000 SF with an additional 5200 SF commercial building on the property. The total property is not quite 2 acres. I checked and the zoning will support...
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    Renting or Buying Commercial Property For Your Business

    REAL ESTATE 
    Thank you for the replies. I pretty much figured that I would have to buy a building to get what I wanted. The idea about having other auto related businesses in sort of a small "auto mall" sounds appealing too. I really like the idea of having tenants paying down my commercial loan while I...
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    Renting or Buying Commercial Property For Your Business

    REAL ESTATE 
    Basically what you are describing is a commercial lease. That gives some control but in the end, you do not own it and if the ownership changes then so does your lease contract sometimes
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    Renting or Buying Commercial Property For Your Business

    REAL ESTATE 
    Hello Everyone, I have a question and would like some opinions. As I discussed in a previous post, I am greatly expanding my vintage auto restoration and repair business and need a different facility. The issue I am finding is basically no commercial landlord in our area will rent to...
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    Fit For Life, by Harvey Diamond

    HEALTH 
    Count me as another 100% vegan. I follow a nutritarian style diet promoted by Joel Fuhrman and get plenty of fiber, protein and micro nutrients. Also only organic and fresh if possible. Only pure spring water and absolutely NEVER anything from the tap. Never any soda or alcohol only spring...
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    Hyperinflation starting? What's happening in your area? Post your ground reports.

    HOT! INVESTING 
    This is somewhat unrelated to general inflation for consumer goods but is serious inflation regardless. As I have posted here, I am a professional vintage auto restorer and my area of specialization is late 60's - early 70's Musclecars, mostly Mopar (Charger, Cuda, Challenger, Roadrunner...
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    Just awakened to a hell of a hangover, please take care of yourself

    OFF-TOPIC 
    I stopped drinking alcohol years ago as it is so toxic to the body and especially the mind. Not possible to build a great business in a perpetual state of hangover
  11. S

    Automated Pizza making

    that Is amazing and could probably be the future of fast food
  12. S

    Any feedback on starting a detail business

    I am in the classic and muscle car restoration business and I can tell you that you better REALLY know what you are doing before you start polish or buffing on a customers car. Screwing up a paint job can cost you thousands and basically put you out of business or get you sued. With that said...
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    Formal Education is Overrated!(or not?)

    MINDSET RANT 
    I remember a quote that says: formal education will make you a living self education will make you wealthy
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    Selling a 30 year old Business. Strategies? Planning?

    MARKETING 
    As someone who has sold a business I can tell you that if he cannot walk away and the business still run fine without him, he has NOTHING TO SELL except a customer list and the depreciated assets. If he has to be there for the place to operate then he just has a job, not a business. The...
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    What would you tell your 18 or 25 year old self?

    GOLD! MINDSET 
    The most important thing I would tell me 21 year old self is that everybody is NOT your friend. Most of the people that I thought were my "friends" in my early life were just leaches that wanted to see how much of my free labor I could provide, all while thinking I was "helping" them. I was...
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    Self Employment SUCKS

    EXECUTION 
    Yes the target market for my services are the high end people that enjoy these cars. It is interesting you mention Barret-Jackson auctions. I currently have a 1970 Cuda here that is in the final stages of a very intense and very expensive restoration. This car was purchased at one of these...
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    Fastlaners in skilled trades?

    I agree that you should know the basic technical aspects of the business but studying, practicing and being the best tech while neglecting the massive ownership learning curve required to be in business is fatal. In my industry, auto repair and service, pretty much all small shops are...
  18. S

    Fastlaners in skilled trades?

    I could not agree more. Knowing how to do the trade work has absolutely nothing to do with the business. Forget adding to your technical skills and start studying business if you want to open a business. If you want to be a technical expert get a JOB
  19. S

    Fastlaners in skilled trades?

    I am in the auto restoration business.
  20. S

    Self Employment SUCKS

    EXECUTION 
    Yes I agree on all these points and followed this basic plan when I grew my other repair shop business and sold it
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