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BRX Pro Tip: 6 Important Things an Entrepreneur Should Work On Every Week

February 15, 2024 by angishields

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BRX Pro Tip: 6 Important Things an Entrepreneur Should Work On Every Week

Stone Payton: [00:00:00] Welcome back to Business RadioX Pro Tips. Stone Payton and Lee Kantor here with you. Lee, I’ve got a question and it’s as much for my personal benefit as it is for our Pro Tip listening audience. But how do you decide, like where are you going to put your energy, what you’re going to work on each week?

Lee Kantor: [00:00:19] Yeah. Energy and priorities are so important. And for some people, priorities should never be plural. It should always be priority. But these are six important things I think that a business leader or entrepreneur should be working on each week.

Lee Kantor: [00:00:34] Number one, the most important thing, and I think this is the priority, is revenue-generating activities. This is where you focus on building up your leads, your sales, your cash flow pipelines, making sure that all of those are full. That is, to me, the priority in all businesses, because without that, you’re not going to be able to serve many people and do much work anywhere.

Lee Kantor: [00:00:58] Secondly, I would invest some time each week in improving whatever your core product and services to better serve your current and future clients. You always want to be pushing the value line and improving on whatever it is you’re doing, and you have to be relentless about that because there’s people out in the market right now that are trying to find holes in your swing and try to penetrate your client base by serving them through those weaknesses you might have.

Lee Kantor: [00:01:26] Third, I think you have to invest some time in networking with your strategic partners. You have to stay in contact with your clients. You have to stay in contact with your referral partners. You have to stay in contact with your former clients because they could become your current clients if you keep doing that enough. So make sure that you’re investing time in these relationships with the people important to you.

Lee Kantor: [00:01:47] Four, I think you have to invest a little bit of time in long-term planning, looking ahead, investing some time in those future goals. Those are the key initiatives that are down the road. You got to move the ball a little bit in those things or they’ll never happen. I think it’s very important.

Lee Kantor: [00:02:04] I’m listing this fifth, but it probably deserves to be probably second, is investing time in your team and your culture. I mean, that is critical. If you want a team that is all aligned and is clear on what the mission is, you have to invest time in them.

Lee Kantor: [00:02:19] And lastly, and probably most importantly for your own health and well-being, is self-care. You have to sharpen the saw. As Stephen Covey says you have to invest in your health and make sure you’re eating right. You’re hydrated, you’re exercising, you’re clear-headed. You have to invest time in yourself if you want to grow your business.

Lee Kantor: [00:02:39] So, those are six important things that every entrepreneur should be doing every week.

BRX Pro Tip: 3 Tips to Get Your First 100 Listeners

February 14, 2024 by angishields

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Stone Payton: [00:00:00] And we are back with Business RadioX Pro Tips. Lee Kantor and Stone Payton here with you. Lee, when it comes to building that coveted pool of listeners, what are some ideas for getting that first group, man, that first set of listeners?

Lee Kantor: [00:00:16] Yeah. I was reading some things, some thought leadership that Spotify was putting out, and they had some interesting suggestions or recommendations and there are three tips. And what I got from Spotify was these are the three things you should be doing to get those first hundred listeners. And getting those first hundred listeners and subscribers to your podcast are really critical when it comes to creating that escape velocity if you want to build a substantial-sized audience that’s provable to sponsors and things like that. So if you’re not doing these things, then you’re not really serious about it. So, anybody who has a podcast or anybody who’s trying to build a listener base, these are must-do activities.

Lee Kantor: [00:00:16] So, first and foremost you have to reach out personally and invite at least ten people you know, friends, family, team members, clients, vendors, prospects, anybody that you know personally, and encourage them to subscribe and share each of your episodes. Okay. You have to do this on a regular basis to get that escape velocity.

Lee Kantor: [00:01:24] So, every week reach out to ten people and say, “Hey, I just posted this episode. Please listen to it, subscribe to it, and share it with people you think that would benefit from it.” This kind of personal outreach is critical to get that escape velocity for the show. This is a must-do. You have to do this if you’re serious about growing your audience, and if your client who’s hosting or sponsoring the show isn’t doing it, then they’re not really serious. If they haven’t really made an effort to get their friends, family, team members, clients, and vendors to subscribe and share the show, they’re not really serious about growing an audience.

Lee Kantor: [00:02:01] Secondly, make sure every episode you’re doing is solving a listener’s problem. The content has to be worth people’s time, and they should feel like they can’t get this kind of information anywhere else. So make sure your content quality is good enough and that you are solving a listener’s problem. And that means that if you’re interviewing just people and spotlighting their business, make sure you capture information and intelligence from them about what makes them unique and make sure that they’re sharing advice to help other people. You have to have valuable content if you want to build an audience.

Lee Kantor: [00:02:37] And then third, invest some time and energy in repurposing highlights from each episode and share them on all your social platforms, your website, your blogs, your newsletters, your emails, everywhere. You have to be evangelizing for the show or else nobody is going to even know it exists.

Lee Kantor: [00:02:54] So, the first step is the people you know. And then secondly, make sure the content’s great. And third, you have to repurpose the content in a variety of ways and a variety of platforms. And you have to do that relentlessly.

Lee Kantor: [00:03:09] Now, a bonus tip is to make sure that the guests of your show are doing everything I just said that you should do. If your guest will do all that stuff, and they’re going to share it to ten of their friends and family and team members and they’re going to go into the episode to make sure they’re going to share valuable advice and then they’re going to repurpose the content and they’re going to share it on all their platforms, then you have a shot of growing an audience and building an audience that will reach more people.

Ask the Expert: Navigating the Mortgage Market with Eric Hoffner from StrongBox Home Loans

February 13, 2024 by angishields

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In this episode of Ask the Expert, hosts Randy and Robert interview Eric Hoffner from StrongBox Home Loans. They delve into Eric’s background in the mortgage industry and his approach to consulting clients on personal finance and credit improvement.

The discussion covers the current real estate market, the influence of interest rates, and the trend of people relocating southward. Eric also explains loan options for self-employed individuals and investors, and the challenges of securing insurance in Florida. The episode concludes with Eric offering mortgage shopping advice and emphasizing the importance of credibility in the industry. Listen in to gain valuable insights into navigating the mortgage market.

StrongBox-Home-Loans

Eric-HoffnerArmed with a degree in Economics and Finance from Florida Atlantic University, Eric Hoffner embarked on a career as a stockbroker and financial planner in 1995 – where he first honed his skills as a consultant, and learned how to manage assets.

A move from Florida to Atlanta in 1997 brought a career change, leading him to the mortgage realm with JP Morgan Chase – where he grew from Senior Mortgage Broker to Lending Manager over the course of 20 years.

He briefly joined the team at IBERIABANK as Mortgage Market President – overseeing four states – before answering the call to launch his own company. Eric wanted to offer something different in the mortgage industry – something that combined his skills as a financial planner, debt manager, consultant and broker.

With the launch of StrongBox Home Loans in 2018, he was able to merge his love of helping people with turning houses into homes. His deep knowledge of the banking and mortgage industries paired with his ability to build an effective, knowledgeable team are only part of StrongBox’s many differentiators.

As a boutique mortgage firm, StrongBox can run tight, with very little overhead, so it’s positioned to pass those savings on to the clients it serves. Without the many layers of management involved in a traditional bank, StrongBox is nimble – paving a faster route to the closing table. And yet, Eric and his brokers have access to a broad product mix – allowing them to find the best home loans to fit their clients’ needs.

Eric’s dedication to staying at the forefront of technology to provide a seamless mortgage loan experience to clients in Georgia and Florida will ensure his company’s relevancy and industry impact far into the future.

Connect with Eric on LinkedIn and follow StrongBox Home Loans on Facebook and Instagram.

This transcript is machine transcribed by Sonix

TRANSCRIPT

Intro: [00:00:07] Broadcasting live from the Business RadioX studios in Atlanta, Georgia. It’s time for Excel Radio’s Ask the Expert. Brought to you by Beckshot Photography and Video. It’s your story. Make it awesome! For more information, go to beckshot.com. Now here’s your host.

Randell Beck: [00:00:30] Well, it’s not beckshot.com anymore, uh, they’re Stone. It’s Studio Lensa and studiolensa.com. So we’re going to have to get that changed. And uh hi everybody. It’s Randy and Robert, the recidivist radio hosts here on Ask the Expert. Hey, Robert. How’s things going?

Robert Mason: [00:00:47] Good. I think our guests are trying to ascertain who is the actual expert. Who? Yeah. Really? Is their expert, or is there just one?

Randell Beck: [00:00:54] It’s actually up in the air right now. It’s a hard question to answer at the moment.

Robert Mason: [00:00:57] We’ll arm wrestle for it later. Yeah.

Randell Beck: [00:00:59] You know, there’s no expertise in evidence yet. Today.

Robert Mason: [00:01:03] Not yet. Nothing intelligent said yet.

Randell Beck: [00:01:06] So you invited a guest for us today. Tell us about your guest.

Robert Mason: [00:01:09] I did Eric Hoffner, uh, StrongBox Home Loans. Uh, Eric’s done a lot of good deals for me over the years. He’s a very smart guy in the mortgage and the money industry. Um, I lean on Eric pretty hard because I’ve got questions, obviously.

Randell Beck: [00:01:26] Well, you know, we talked the other day with Eric, and I got questions after that discussion, too.

Robert Mason: [00:01:30] Yeah. Uh, and he’s he’s way ahead of a lot of other mortgage guys in this industry. He, he, he knows what’s going on nationally. He knows what’s going on locally. Um, he does his homework. And when he talks to my clients, uh, they come away with a, a very good understanding of what it is that they need to do. What are the steps? And, uh, I can’t say enough good stuff about Eric, and, uh, he’s going to do a good job for me.

Randell Beck: [00:01:54] Cool. Welcome, Eric. Uh, glad to have you. Would you, uh, start by. Just tell us a little about yourself and Strongbox, you know, what are you what’s going on over there?

Eric Hoffner: [00:02:02] And thank you for those kind words, Robert. Um, I’ve been in the mortgage business since 1997. So close to or exceeding 25 years. Spent most of my career at at Chase before they was even a Chase Bank, um, top producer producing sales manager. Eventually, they asked me to step away from my production to manage the state of Georgia. And then in 2018, I opened my own company, uh, to be a mortgage broker. So I’ve seen both sides of the business, the most conservative of conservative banks, and then the mortgage broker world, which is the more liberal model in the mortgage industry. Um, I was a series seven licensed, was a financial planner at some point, went to school with a finance degree. I consider myself a little bit of an economist, geek and personal finance expert. Help people to improve their credit scores, maximize their credit scores, that kind of thing. And so I can kind of give people a different perspective other than just mortgage. Yeah.

Robert Mason: [00:03:00] So when he he’s helped out some of my clients, it’s not just fill out this piece of paper. He actually has an in-depth conversation with them, which is very nice. He guides them, gives them the steps that they need to make to get to the finish line to get that mortgage. And he can talk about, uh, a lot of different things. That is really helpful.

Randell Beck: [00:03:20] So if, uh, one of our listeners wants a $3 million house and their credit score is 247, you’re the man.

Robert Mason: [00:03:25] Yeah, probably not. But.

Eric Hoffner: [00:03:28] You know, in a lot of times they people come to you, uh, asking if they’re pre-qualified. And the truth is, um, it’s not always what you can buy, but but what your budget allows for. So you could be qualified for $1 million house, but your budget says 500,000. And so those are the types of conversations we have with people. Um, oftentimes mortgage people are order takers. The people dictate what exactly they’re looking for, um, where I listen to them and try to figure out what’s in their best interest and maybe can steer them in a slightly different direction to maximize their opportunity. Yeah.

Robert Mason: [00:04:04] I mean, people have questions, man. It’s it’s not an easy business. It’s not an easy conversation sometimes. And Eric has had to say to some of my folks in the past, look, now is not the time, but here’s what you need to do to set yourself up to be ready six months, nine months, 12 months down the road. And, uh, I really appreciate that aspect.

Eric Hoffner: [00:04:22] Well, you know, people will come to you and they, they’ll say, I want to put 5% down, but they might get better terms at 10% down. Or they come to me and say they want to put 50% down when it’s probably not in their best situation to do that. Um, do you pay points? Do you not pay points? Do you take an arm or do you take a fixed. Um, and so there’s more of a consulting point of view. I’d like to consider myself more of a consultant and less of a sales person.

Robert Mason: [00:04:48] Yeah, that I’d agree with that. That’s exactly the the description.

Randell Beck: [00:04:53] What would people need to know about strongbox? I mean, do you guys originate the loan? Do you warehouse the loan or are you a broker?

Eric Hoffner: [00:04:59] So there’s different models in the mortgage industry. I came from the largest of large banks, trillion dollar chase. Um, the banks have a purpose, but they’re the most conservative of all lenders. They have what’s called bank overlays. So when they underwrite a loan, it may make it just a little bit harder to get loans. For example, they might say minimum credit score is 620 when when that’s that’s self-imposed. Or they might say we’ll do less than 660 credit scores, but we will only lend a 43% back debt to income ratio. Um, a lot of lenders, mortgage companies, really anybody that underwrites their own loans adds guidelines to guidelines to make it just a little bit harder to get a mortgage. And especially for realtors, a person will say to you or a mortgage guy, I’ll be like, hey, this guy’s only got 619 scores. Let’s put him in credit counseling, call him in six months. Where that’s a loan we can do today. So what a mortgage broker does is, um, it’s just a little bit easier. The underwriting is they may. A slightly smaller reserve requirement. We have access to lots of different programs. No income verification. Um, it’s it’s less expensive. I’m a self-employed guy. Work out of my house. I have no commercial real estate. I have no layers of management. I have no compliance people. My cost to originate just less. And we pass those savings on to your to your borrowers. And so it’s it’s less expensive. Um, the technology we have is just easier. We don’t have the same infrastructure. The great thing about being a mortgage broker is I have access to 280 lenders nationwide, and these people have to earn my business every day. Right. So there’s a race to the bottom when it comes to interest rates. There’s a race to the bottom when it comes to underwriting. And if they don’t make us happy, we move on to the next one. So you don’t have to shop. We shop for you. Yeah.

Robert Mason: [00:06:51] So interest rates, let’s talk about the cost of money. Now where are we at in the marketplace? Tell me about an FHA loan. Tell me about a conventional loan.

Eric Hoffner: [00:06:59] Yeah. So of course interest rates are based on credit score, loan amount, loan to value. And, um, some of my borrowers are getting rates that start with a five right now. There’s a lot of people that are easily in the mid sixes. We have a lender right now that is trying to buy the market to refinance people. That’s offering below market interest rates for the next 60 days. And so we are seeing rates that start with a five easily in the mid 60s. Investors could be high sixes, low sevens, second home rates. And the trend seems to be downward. Um we see rates dropping just about every day. And where rates are today, there is no reason for anyone to put off purchasing a home, right?

Robert Mason: [00:07:43] I agree.

Randell Beck: [00:07:44] So last year, uh, the common wisdom out there is that low rates were fueling the real estate bubble, if you will. I don’t think it was a bubble, but they used that firm. And then, uh, rates went up for whatever reasons. And everybody expected the real estate industry to kind of slow down, crash, whatever. Apparently it did slowed.

Robert Mason: [00:08:06] Down kind of.

Randell Beck: [00:08:07] Yeah. And then, uh, we are now in a declining rate market again. So. How influential were the interest rates on that, really?

Eric Hoffner: [00:08:16] I mean, last year, from a volume standpoint, was one of the slowest years we’ve had since 2008. Demand is still ferocious. We’re still seeing multiple offers, um, in spite of what anyone thought the economy was doing or interest rates going up. Um, uh, you could list your house if it was priced right. It was selling in the first Sunday. Um, and as I’m not I’m not a real estate expert. I’m a mortgage expert. But I’m not seeing any foreclosure pressure. I’m not seeing, um, any values going down. All the statistics that are coming through the news is year over year. We’re exceeding expectations. And there are probably two years of people on the sidelines that keep saying, I’m waiting, I’m waiting, I’m waiting, and we’re going to have something similar to we did after Covid. In my opinion, we’re going to have three years of demand all happening in one year. We’re going to have fear of missing out as rates drop. Um, more inventory is going to pop up. And, um, I think we’re going to have a banner year.

Robert Mason: [00:09:21] Yeah, I think so too.

Randell Beck: [00:09:22] And like a bond rates down, prices up.

Eric Hoffner: [00:09:24] That’s right.

Randell Beck: [00:09:25] So right right now is the time for the early.

Eric Hoffner: [00:09:27] Movers I mean it’s it’s it’s now and I think as rates I mean what do you think’s going to happen to prices when rates drop. You know are they’re going.

Robert Mason: [00:09:35] To go up I.

Eric Hoffner: [00:09:36] Mean there’s no choice. And and then please tell me where the foreclosures are coming from. They’re not coming. Please tell me how the real estate market could go down.

Robert Mason: [00:09:46] What we’re seeing I think people talking about foreclosures, as you see, a lot of layoffs, the Googles, you’re seeing some of the big companies out there that are laying off people, but people still have a lot of equity in their homes, and they’re certainly not going to foreclose on they’re not using their homes like an ATM, ATM, like they did back in, say, 2007, 2008 when the crash occurred. People are a lot more fluid in their in their equity levels on their homes. So they’re not going to give them up. They’re going to go borrow money from Peter or Paul or Mom and Dad or whatever the heck.

Eric Hoffner: [00:10:20] They have to do in the market, or.

Robert Mason: [00:10:21] Put it on the market and sell it and go rent until they get a new job or whatever it is. I had that conversation with a doctor today, okay. And and we’ll be talking about her later. But, um, she’s layoffs where she’s at and the city she’s at, she’s like, Rob, should I start buying now? Well, maybe. Let’s look at.

Randell Beck: [00:10:41] It. You know, another factor driving prices up besides the rate decline. We talked about this on a couple of other episodes, and that is, uh, you know, over 100,000 people a year moving into the Atlanta area.

Robert Mason: [00:10:53] Well, we only had 80 last year. Oh, only.

Randell Beck: [00:10:55] 80. Yeah. And in a good year, we might bring.

Robert Mason: [00:10:59] 120,000.

Randell Beck: [00:11:00] 10 or 12,000 housing units out of the ground. Right. Let’s just say we could do 45,000 half half of the people moving in, basically the town of the size of Woodstock, coming out of the ground every year.

Robert Mason: [00:11:11] You mean like Cartersville.

Randell Beck: [00:11:12] Which is physically impossible, as you know. So now what you’ve got is you’ve got this big pile of people moving in every year, and only a few of them get serviced with housing, and the rest of them are still looking. And then in comes the next, next pile. The next year. It’s a growing problem. Interest rates alone aren’t going to fix this.

Robert Mason: [00:11:28] So new construction that. That’s a good segue. New construction. Are you doing any new construction loans?

Eric Hoffner: [00:11:33] Yeah, sure.

Robert Mason: [00:11:34] Okay.

Eric Hoffner: [00:11:35] I mean, it seems like every builder I know, if they can get it out of the ground, they sell.

Robert Mason: [00:11:40] Are they still offering points?

Eric Hoffner: [00:11:42] Are they still are. So, um, you know, builders will build and build and build. And when the market softens up, rather than reduce the prices because they want to keep their comps high, they’ll offer buy downs, they’ll pay closing costs. That way the market recovers. Their comps are still high. Yeah. And so builders are offering incentives. They’re corporations. They don’t have emotions. And they got to keep they got to keep their product moving in order to make money.

Randell Beck: [00:12:08] Yeah. And I like the sound of that. Every builder that I know, I think I need to take you out and buy you a bourbon or two.

Robert Mason: [00:12:14] We’ve done that once or twice, have.

Randell Beck: [00:12:16] We I think I don’t remember. Well, it was your.

Robert Mason: [00:12:19] Birthday, old man. Last weekend. I think we celebrated over a few Bourbons. Did we not?

Randell Beck: [00:12:22] You know, 37 is a horrible age to 38.

Robert Mason: [00:12:25] I thought it was 38. No, no.

Randell Beck: [00:12:26] No, I’m going down now. I’m on the downhill slide. All right.

Robert Mason: [00:12:29] So the real estate market for 2024 in my opinion we’re going to see prices going up of houses values. We’re going to see we already are seeing interest rates coming down. So money’s getting cheaper. Do you see any cities that are stronger than other cities just based on money.

Eric Hoffner: [00:12:50] You know. You know real estate’s not my area of expertise. Um, but it seems like it’s hot across the board. Um, second homes, beachfront properties. Um, Florida has softened up a little bit because they’re struggling getting insurance. So for the first time in a 25 year career, people are not getting insurance as easily. Yeah. Um, they have, uh, some companies will inspect your roof and they won’t insure a roof greater than 15 years. Um, some of them will.

Robert Mason: [00:13:21] That’ll make our next guest happy.

Randell Beck: [00:13:23] It will. As a matter of.

Robert Mason: [00:13:24] Fact, we have to bring that up.

Randell Beck: [00:13:25] Listen up for next time. We got Essex Roofing in next time.

Robert Mason: [00:13:28] Yeah, yeah, we’re gonna bring that up.

Eric Hoffner: [00:13:29] So it used to be that insurance was the last thing we did. We would shop it. And the final week of the purchase, it was a formality. Um, there’s nothing in the, uh, Georgia Association of Real Estate contract to protect people if they can’t get insurance unless they do it during due diligence period. We’ve had people clear to close, subject to insurance, and they can’t get insurance.

Robert Mason: [00:13:51] And you’re talking mortgage insurance? Not private.

Eric Hoffner: [00:13:53] I don’t know, I’m talking about hazard insurance. Okay. The kind of insurance that protects your house in case it burns down, um, Florida, especially, um, flood zones. Uh, there are people in Florida where the insurance has priced people out of the market that the insurance is so expensive or they can’t get it, um, that it makes the house unaffordable. But even in the state of Georgia, uh, insurance companies want to see the roof. Some of them won’t insure a house over 15 years old. Some of them take a look at the roof and say you have too many trees hanging over. And so now we’re encouraging people to shop their insurance at application. So if there’s a problem, they know during during the due diligence period and.

Robert Mason: [00:14:31] You know, that’s brand new to the marketplace, I mean, insurance companies were they never even come out and look at the house, you would just call your your representative. They would write the policy. Um, so that’s a change. And they saw.

Randell Beck: [00:14:43] Houses, you know, as fungible. But now, um, lost experience from all the hurricanes and all the different things that people have been talking about the last couple of years. I imagine they’re tightening up a bunch.

Robert Mason: [00:14:53] California, I think, had two large carriers move out. Um, and they cited some stuff. The reasons why, um, you’re seeing a little bit of that in Florida as well. Um, the, the, the difference in Florida and California is the expected income somebody’s going to, going to have in California is drastically higher than Florida. Yeah. And so when you have people working at Disney, working at surf shops, you know, you have more tourist jobs in Florida, it’s going to be a little bit harder for Floridians to be able to afford that and shop around.

Eric Hoffner: [00:15:25] Yeah. So so some areas close to the beach have softened up in Florida because insurance can be $20,000 a year. Yeah. You know.

Randell Beck: [00:15:33] Sure. So you ask Eric about, uh, areas a minute ago and, you know, he’s watching where the money goes, but you’re watching the sales activity. You’re the real estate expert here. What are you what are you thinking about? Areas especially for the investors.

Robert Mason: [00:15:46] So I’m an STR investor short tum rental uh investor as you are as well. Um, so I get this question all the time. Um, I know Georgia, I know the North Georgia mountains. I know the Georgia coast, I know South Carolina. I know a little bit about the North Carolina mountains, um, a little bit over in Alabama. So many lakes over there. There’s some hot spots. So that’s my expert. Uh, that’s my expertise. As far as STRs. Now, California is losing people by hundreds of thousands. I think I saw something that we’re going to lose 350,000 people. People who create jobs. They’re moving out of California now. California is going to penalize them through some type of taxation that I haven’t heard. Uh, if you move out, you still owe us taxes.

Randell Beck: [00:16:30] So I saw an article on that. And basically it’s a two year. Exit tax. So for two years, you’re supposed to report back to California. What you’re making now in Georgia. That’s crazy. And pay taxes on it to California. I don’t I don’t know how they’ll ever make that stick.

Robert Mason: [00:16:46] I don’t know how they’re going to enforce that.

Randell Beck: [00:16:48] It’s it’s not even a matter of enforcement. It’s a matter of you can’t pass a law like that, right?

Robert Mason: [00:16:53] They’ll try.

Randell Beck: [00:16:54] They’ll try, they’ll.

Robert Mason: [00:16:54] Try, um, New York there are people are fleeing New York. People are fleeing Illinois. People are fleeing new Jersey. Now, there’s some spots in new Jersey and upstate New York and some spots in California that are growing. But as a state as a whole, those 4 or 5 states are the ones where they’re purging the most people. People are coming south, people going to Texas. And there’s a variety of reasons why, from weather to taxation to politics, it runs the gamut. So it’s going to be if you’re investing in the South in Georgia, Atlanta or in the greater Atlanta area, you’re going to do well. I mean, we’ve got plenty of space. We see the construction. I just said Cartersville a couple minutes ago. Yeah, we see what’s going on up there. And you and I are looking at.

Randell Beck: [00:17:37] Massive amounts of construction.

Eric Hoffner: [00:17:39] Going on out there. I think it’s fair to say, generally speaking, the North is losing population and the South is gaining population.

Robert Mason: [00:17:45] Nobody retires to New York. Nobody even tires retires to Michigan or Minnesota. They’re the young people are starting to come out of there.

Eric Hoffner: [00:17:52] Nobody moves there. I think you’re born there.

Robert Mason: [00:17:54] Yeah. And like my wife, you move, you get out of there because it’s cold. I’m from Wisconsin, I moved, I was cold, I was small, I got lost in a, uh, you know, a snowdrift. I said, dad, take me south.

Randell Beck: [00:18:05] Well, I moved off out of there because of traffic and and taxes and lifestyle. And I moved to Atlanta. So I gained on lifestyle and taxes. Anyway, two out of three ain’t bad.

Robert Mason: [00:18:16] Yeah, he lost a little hair, though. Yeah.

Eric Hoffner: [00:18:18] So what do you do in Atlanta?

Randell Beck: [00:18:19] Traffic.

Robert Mason: [00:18:20] Yeah.

Eric Hoffner: [00:18:20] So I know that the whole, uh, telecommuting thing is changing and evolving as we speak. You know, Covid allowed people to work from home. So you see areas like Cumming and Dahlonega and Dawsonville, Cartersville getting more popular. It’s more affordable to live because you don’t have to drive to work. Yeah, they’re asking some of those people to come home, but are you seeing any trends like that?

Robert Mason: [00:18:41] You know, that’s a really good question. And so my wife, she works for a fortune 500 company financial services. Well Covid hit, they all worked out of their houses and everybody got used to working out of the houses. And now these corporations are looking at their their sheets, their spreadsheets. They’re like, wait a minute, we’re losing money. Well, they’re losing on the commercial real estate assets. So the wisdom is let’s bring all these people back. I don’t know, it’s not really wisdom. I don’t know how that’s you’re going to recover, you know, capital monies.

Randell Beck: [00:19:12] A bunch of them are, are just demanding that they come back, which is not wisdom.

Robert Mason: [00:19:16] And a lot of those employees are like, no, when I took this job or, you know, you said, we’re going to be able to work remote. You know, I didn’t think this was going to be a one year deal, you know, so people are living in big canoe, people are living in the mountains and their their job is in New York or Ohio or something. And they don’t care. It doesn’t matter.

Randell Beck: [00:19:35] Well, our, our producer and I stone. Hey, Stone, say hi to everybody.

Speaker5: [00:19:40] Say hello everybody.

Randell Beck: [00:19:41] We were in a meeting this morning with the Cherokee Economic Development people. Yeah, there’s a program they have about the workforce.

Robert Mason: [00:19:49] Darren, were you with Darren’s group?

Randell Beck: [00:19:52] No. Somebody else. This was a guy from the county. Okay.

Speaker5: [00:19:55] Cherokee County. Tell him I think we should brag. That is, the young professionals of.

Randell Beck: [00:20:00] Young professionals of Woodstock. Yeah. Okay. And because we’re only 37, we fit.

Robert Mason: [00:20:05] Yeah.

Randell Beck: [00:20:06] And yeah, we’re accepted by by the millennials and Gen Z.

Robert Mason: [00:20:10] I could see this group of gray hair. Yeah, yeah, yeah.

Randell Beck: [00:20:13] So the one of the themes that came out, you know, uh, Cherokee. Cherokee County Office of, uh, Workforce Development was there and talking, you know, as an open conversation, kind of meeting, talking about problems in the workforce. And one of the things that came out was this work from home revolution that has occurred. And I choose those words carefully because it has. Yeah, it’s real thing, and it’s changing the power dynamic between employee and the corporate environment. Yeah, right. And so you don’t have the power to demand that somebody come back to the office anymore, uh, or, you know, be be big authoritarian, daddy, about how you’re going to work.

Robert Mason: [00:20:52] Some of them are trying now.

Randell Beck: [00:20:54] They’re trying the employees now they got options, right.

Eric Hoffner: [00:20:59] Well, as long as the job market is strong, then the employees in control. Well, that’s.

Randell Beck: [00:21:02] Part of it too. But part of it is the fact that they can sit there at their nice little apartment or home with their computer and do, I don’t know, social media management. Yeah. And, you know, knock down 80 or $90,000 a year if they’re if they’re good and smart and they can do that, you know, without being 50 hours of work a week down in the traffic and the big office. Well, you know, one of the things so you don’t have the power to demand things from them anymore. Not as much. Right, because they got options.

Robert Mason: [00:21:28] And one of the things they found, like at my wife’s company, was people weren’t spending two hours in traffic going there, going home. They weren’t taking an hour for lunch. You know, they’re eating at their desk at their house. They were actually getting more work done by the employees working out of their homes than coming into the office and spending all that time on the road.

Eric Hoffner: [00:21:48] More productivity.

Robert Mason: [00:21:49] The money, my understanding.

Randell Beck: [00:21:51] Is productivity is off the charts in the companies that have have embraced this idea of people working from home.

Robert Mason: [00:21:56] Well, people want to work for for corporations for the most part.

Randell Beck: [00:21:59] Not every not every industry, not every company.

Robert Mason: [00:22:01] But yeah, you just said it, man. They’ve got choices. People have choices.

Eric Hoffner: [00:22:04] They fill in the gaps with conference calls and zoom calls.

Randell Beck: [00:22:06] And and you’re familiar with the brand with Patagonia. So they’ve always been sort of a cutting edge thing. They’ve never gone public. It’s always been owned by the one guy, etc., etc. and he’s been kind of a leader in that. Their thing now is work from anywhere you want to work from. Yeah. Why not unlimited time off. You know, something else that was unlimited PTO this morning? Yeah, right. Uh, they do a lot of things there. Uh. Surf’s up. They take a midday work break and go surf and come back and work. You know, that’s you’re free to do your job the way you feel like you need to do your job. As long as you get.

Eric Hoffner: [00:22:38] A cool environment.

Randell Beck: [00:22:39] And of course, they’re.

Eric Hoffner: [00:22:40] Getting ping pong. They get them bicycles, they have dance parties.

Robert Mason: [00:22:43] If you’re getting your job done, why not?

Randell Beck: [00:22:44] And they’ve been a highly profitable company. They’ve been a leader in all these areas for as long as they’ve been around, you know, since the 70s.

Robert Mason: [00:22:49] The one negative that I see out of this work at home, uh, scenario is I see more people walking around Kroger’s in their pajamas. Why are people walking around the mall in their pajamas? When did it become acceptable to walk around in your pajamas? Covid are we going to be showing real estate in our pajamas? I hope not, it’s not going to be me.

Randell Beck: [00:23:09] You won’t be making much money then?

Robert Mason: [00:23:11] No, but I see it. The dressing down of our office started a long.

Randell Beck: [00:23:16] Time before Covid casual.

Robert Mason: [00:23:18] Friday in the 90s, IBM before.

Randell Beck: [00:23:20] Covid and work from home. That standard’s been slipping for a while.

Robert Mason: [00:23:25] It has. So you go to the airport, you get on a plane and you get you’re sitting next to a guy with a tank top and flip flops on. You know, it’s just disgusting.

Eric Hoffner: [00:23:31] And his blanket and his teddy bear. Yeah.

Robert Mason: [00:23:33] He’s like a 400 pounds and you’re just like, oh my God, get out of here.

Randell Beck: [00:23:37] Are you going to Disneyland or go into the showers?

Robert Mason: [00:23:39] Or do you have any concept of what you look like? Did you look in the mirror? Apparently not. Yeah. Did you look in the mirror? No.

Eric Hoffner: [00:23:46] Well, there’s no doubt. I remember, um, growing up and, uh, having some success early on in my 30s and finally getting up to the custom suits and the custom shirts and the the big the big ties and the the pocket square. And then by the time I got there, everyone started losing the tie and losing the shirt. You know, they’re wearing golf shirts and slacks and now it’s jeans and a polo.

Robert Mason: [00:24:11] Ibm was the first one to go casual Friday and then NAFTA, which all the apparel business got taken offshore out of the big cities and everybody just undressed. And then we haven’t gone back to it. Not that we.

Randell Beck: [00:24:25] Bond. Bond always wears a tie.

Robert Mason: [00:24:27] And bond looks good. Yeah. Yeah. So what else can you tell us, Mr. Hoffner? You know.

Eric Hoffner: [00:24:33] One of the things I want to tell everybody is, um, for self-employed and investors. And so we, I emphasize we do all the easy loans just like everybody else. You know, all the cherry W-2 pay stub, 20% down, 800 credit scores. We we do those, but we do a lot of the hard stuff too. And so there there was a time where self-employed people, to this day, they take advantage of the tax code. They make a lot of money. They have a good CPA and they write off all their taxable income. It’s it’s common. And there was a time where those people couldn’t buy houses because Fannie, Freddie all they care about is taxable income. And so now if you’re self-employed we have no income verification products. We got about a half a dozen of them. And it’s not like the old stated stated from yesteryear where the teacher was buying a $600,000 house. Um, there is a a law part of Dodd-Frank says it’s the lender’s burden to provide evidence of the borrower’s ability to repay. It’s called ATR. If the lender does not do their due diligence and they put somebody in a loan that they shouldn’t be in and they foreclose, that borrower can sue the lender. And if successful, if they can provide evidence that the lender did not. Provide evidence of ability to repay, they get a severe penalty.

Robert Mason: [00:25:44] So give me some examples of you. You have to verify ability to pay.

Eric Hoffner: [00:25:48] Yeah. So for example, um, uh, one of the most popular programs is a bank statement loan. So we’ll take uh, I’ll give you an example. I have a, a client that had 11 Amazon trucks. He had $5 million in revenue, but he only had $100,000 in taxable income. He wanted to buy $1 million house. He was making money. He just had a really good CPA. And the depreciation on all the trucks and everything and the depletion. And so what we do is we take, uh, that $5 million, we assume a 50% expense ratio and we give him 50% credit for income. So for that borrower, we gave them $2.5 million in qualifying income. And now he’s able to buy a house. Now today’s rate for that borrower, if he could document his income could be five and a half, 6%. So he might pay seven, 7.5%. So he’s going to pay about a point or two above market.

Robert Mason: [00:26:38] For a little bit of the.

Eric Hoffner: [00:26:38] Risk. Yeah. Because it’s a it’s a more risky loan for the, for the lender because they don’t really know.

Randell Beck: [00:26:44] That a guy with money like that can buy the rate down a little bit.

Eric Hoffner: [00:26:46] Too, right? Yeah. And then they also require a decent reserve requirement. So he’s got to have money in the bank. He’s got to be self-employed for a certain amount of time. But we know those people are making money. Uh, another program we have, which is similar to you and I, is a 1099 program. Same deal. For example, truck drivers today are making a lot of money. I had a truck driver. He made $175,000, 1099 income. He only had $40,000 in taxable income. Under normal circumstances, he doesn’t qualify. We take 175 and divide it by two. Now he was able to afford a $500,000 house. We have something called asset depletion. You take maybe someone who recently retired. Their IRA hasn’t kicked in yet. They’re sitting on a bunch of money, but they have no income coming in the door. Uh, if they have enough money to cover the loan, they could have. Cash 150% of the loan amount. That’s enough for the lender to be satisfied. That’s a good loan. Yeah. And then we we do have a true no dock, which doesn’t really fit the ability to repay laws, but no income, no employment. You can buy a house. All these loans have a slightly higher down payment starting at 15% down. The rates are higher. But these people can buy a house when they normally can’t. And then we have one more program for investors only where you take an investor, he’s a gunslinger. He’s buying, selling, flipping, keeping short terme, long terme. And he doesn’t have any income, but he has a down payment. Well, we take the property, we do an appraisal. They do what’s called a rental analysis to determine what the long Terme rent is for that property. And if the rent covers the mortgage, you’re approved.

Robert Mason: [00:28:25] Dsc our loan.

Eric Hoffner: [00:28:26] Dsc our loan. So we we have a lot of different loans for people out there. We like.

Randell Beck: [00:28:31] Those deals. Yeah. Um, are there any is there any such thing anymore as a non-recourse commercial loan. No no no they’re gone.

Eric Hoffner: [00:28:38] Well there’s definitely nothing in the residential world that’s non recourse.

Randell Beck: [00:28:45] For.

Eric Hoffner: [00:28:45] Investors. We do business loans. We can do loans titled in an LLC but always on the residential side. You have to guarantee personally on the commercial side there are non recourse loans out there. But they’re predominantly reserved for the best of the best people that have tons of money, large down payments, huge track records, relationship with a bank. Normally you have to do a personal guarantee. So it’s not that there’s no non recourse, but there’s not a lot of them. Yeah.

Randell Beck: [00:29:17] So let’s say Eric. I’m out there in Woodstock and I’m looking to buy another property, and I have a really good mortgage agent right down here on the street in downtown that I like a lot. But you come to my attention and I’m considering doing business with you, and I’m not really sure how to make that decision. What would you say to me? About why I should work with you.

Eric Hoffner: [00:29:39] Yeah, well, first of all, this is your sales pitch. I encourage everyone to shop. Question. And what I find is that 80 over 20 rule, there’s no barriers to entry to get into my business. And both of our businesses and 80, over 20, 80% of the business people in our business, they really just don’t know what they’re doing. They’re weekend warriors. They have a full time job. Uh, you can usually tell by talking to somebody, uh, what kind of credibility they have. Now for me, you could look at my LinkedIn. I’m in the business 25 years. You can see my career. You can go look at my Google reviews. Five star. Um, you can see I have no complaints for MLS or Georgia banking and finance. Um, and then it comes down to who’s got the best terms. The one thing I would caution people when they’re shopping is there are some people out there that are not honest, and they use smoke and mirrors and, um, they do different things to make their situations look more attractive. In fact, sometimes the harder people shop, the more they outsmart themselves. And I can tell the public, this is how you shop a mortgage, its rate, its points and its junk fees. Nothing else matters. The closing attorney’s, the closing attorney, the taxes, the tax. The recording is recording. Taxes and insurance are no different. None of those are competitive items. But if you’re dealing with someone who’s dishonest, they’re going to make their attorney fee look just a little bit lower. And what consumers, the biggest mistake they make is looking right at the bottom line. Um, that’s not how you shop. There’s three things rate points and junk fees, and then maybe private mortgage insurance on occasion that could be different.

Robert Mason: [00:31:24] That’s a good question. That was a good question. Good answer. Well, you.

Randell Beck: [00:31:26] Know, everybody needs to get their sales pitch out there, you know, because somebody we’re listening to is in that situation right now. Right. And like, you know, who do I really want to work with. And it might just be that you’d be the right fit.

Robert Mason: [00:31:36] You know the reason why. Mhm. So other states do you do business in other states. I do.

Eric Hoffner: [00:31:42] Business in Georgia and Florida.

Robert Mason: [00:31:44] Okay. But you have if somebody we needed a recommendation for, say, New York. Could you help me with that?

Eric Hoffner: [00:31:51] Oh of course. Yeah. So, um, I there’s a couple of things you can do. You can come to me and I can go to my number one lender. They know who’s good. Um, they know who’s credible, uh, who has a good track record, does good clean business that’s reliable and trustworthy, and I can get a referral. The other thing you can do is go to a website called find a mortgage broker.com. So let’s find a mortgage broker.com. And my number one lender, who’s the largest lender in the country puts together a list of mortgage brokers per zip code. But they stack rank them based on productivity based on file quality, uh, based on turn times. And so the people on the first page are are the are the really good people that you want to work with?

Robert Mason: [00:32:37] Yeah. That’s good information.

Randell Beck: [00:32:39] Yeah. That is good information. Yeah.

Robert Mason: [00:32:40] Because we’ve got people that listen to us and ask us questions from all over the United States. So this is not just a local. This is a national audience sometimes as well. So we’ll get that. Yep.

Randell Beck: [00:32:53] Eric, thank you for coming in and spending time with us today.

Eric Hoffner: [00:32:55] My pleasure. Thank you for having me.

Robert Mason: [00:32:57] Great interview, great stuff. Eric is a tough guy. He’s he knows what he’s doing. He can answer all the questions. And you’re going to walk away with a good feeling about what he’s told you.

Randell Beck: [00:33:08] Watch for the next episode where we’ll have Adam Humphries from SW roofing. Thank you. Enjoyed it guys. See you next time.

Robert Mason: [00:33:15] Right on.

 

Tagged With: StrongBox Home Loans

BRX Pro Tip: Real Life Example of Good Positioning

February 13, 2024 by angishields

Breaking Boundaries: Mallory Agency and it’s Journey to Nationwide Success

February 12, 2024 by angishields

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High Velocity Radio
Breaking Boundaries: Mallory Agency and it's Journey to Nationwide Success
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On this episode of High Velocity Radio, Stone Payton and Matt Mallory discuss the growth and expansion of Mallory Agency, a specialized insurance broker. Matt outlines the agency’s coast-to-coast client base, including the UK and US, and its 20% annual growth.

He details the strategic selection of new office locations like Charleston and Auburn, focusing on client market share and cultural fit. The conversation covers the importance of maintaining a consistent culture and communication across offices, the agency’s approach to celebrating team achievements, and the influence of peer groups on setting future goals.

Mallory-Agency-logo

Matt-MalloryMatt Mallory, one of the premier insurance industry leaders in Georgia, assumed leadership of Mallory Agency in 2018 after the abrupt passing of his father.

Since taking the mantle, Matt has helped propel the nearly 120-year old family business to new heights, experiencing double-digit growth under his leadership and expanding into the Auburn, AL, and Charleston, SC, markets in addition to the existing LaGrange and Atlanta offices.

Featuring key clients in the restaurant, construction, real estate, retail, and cyber risk industries throughout the US Virgin Islands, the United Kingdom, and Canada, Mallory Agency maintains a diverse and extensive client base, thanks in large part to Matt’s strategic guidance.

Recently named a member of the Georgia 500, which honors the state’s most influential leaders driving Georgia’s economy, Matt Mallory’s capable leadership, dedication, and expertise have been instrumental in the growth of Mallory Agency.

Connect with Matt on LinkedIn.

This transcript is machine transcribed by Sonix

TRANSCRIPT

Intro: [00:00:04] Broadcasting live from the Business RadioX studios in Atlanta, Georgia. It’s time for High Velocity Radio.

Stone Payton: [00:00:15] Welcome to the High Velocity Radio show, where we celebrate top performers producing better results in less time. Stone Payton here with you this morning. You guys are in for a real treat. Please join me in welcoming back to the Business RadioX microphone with Mallory Agency. The man himself, Mr. Matt Mallory. How are you, man?

Matt Mallory: [00:00:36] Hey, it’s so great to be back, stone. Um, it’s always fun to be with you, and I’m excited about the opportunity.

Stone Payton: [00:00:44] Thank you. Well, we’re delighted to have you back on. And I’m really interested interested in hearing about 2023, how it’s been for the last year or so, where things are headed. But maybe before we do that, how about, uh, getting us caught up again? Just share a brief overview of of Mallory Agency. Mission, purpose. What you guys are out there doing?

Matt Mallory: [00:01:07] Of course. I’m happy to. Mallory Agency, we are in our fourth generation. We are a highly specialized boutique property and casualty insurance broker. Clients coast to coast. Um, we’re happy to boast that. Very proud to boast that we have some clients, um, in the UK and in the US. Vis um, we are now operating from four offices in the southeast, which is very exciting. And of course, we’ll chat about that. Um, uh, during the show. Um, we, um. Being the boutique specialized firm that we are, we have been having a lot of fun working with some of the best clients, with the best team, and we get to do it our way with the with the best, most richest culture. Um, that I would really put up against any, any of our competitors or any corporate firms. So just a lot to be thankful for.

Stone Payton: [00:02:03] Well, I got to tell you from my perspective, it’s been too long since you and I have had a conversation on air. So yeah, I’m anxious to to hear what was 2023 like for Mallery Agency, man? It sounds like maybe you’ve had some some real wins.

Matt Mallory: [00:02:19] What, a year? Um, we had so much to be thankful for in 2023. Um, from finding some great talent, some new team members to join our company, to finding some really great clients to partner with and all different kind of places, some really fun, exciting, interesting clients. You know, during the last show and you and I chatted, we kind of isolated the topic of trying to find great people. And that is an ongoing. Challenge battle opportunity, however you want to label it. And last year we were able to secure some some really great new team members that have just almost immediately really bought into our culture and who we are now and more importantly, who we are going to develop and grow into. And then finding some great clients where there was alignment, um, culturally. And then some of our, some of our deliverables were just a great fit and really needed for them. So, um, 20% growth year over year was what we were able to celebrate, which was wonderful, that metric. Uh, we’re really proud of that, because in our world, within the property and casualty world, and when you look at our peers and competitors within our our revenue threshold category, um, it puts us as a leader, uh, with that kind of growth. So we’re just super thrilled, very excited. There’s a lot of energy right now and what Mallory Agency has already achieved. But then also going into 24, I mean, the the holidays were great, but they did not slow down our energy or our momentum. So we’re very excited.

Stone Payton: [00:03:59] Well, I got to tell you, 20% growth, I suspect. And I’m no economist. I suspect that is a, um, an accomplishment in virtually any arena. I’m certainly envious of us. We had a good year at Business RadioX, but I don’t think we had 20, 20% growth. And also, um, not unlike you. You know, we wanted to and have had some success in continuing to expand the Business RadioX network to have physical studios in various communities. I’m curious to know, uh, eh, what compelled you to actually set up additional offices and in what was the what was the process like? How did you go about about selecting those specific market?

Matt Mallory: [00:04:44] Yeah. So we’re new to this. Um, you know, our firm historically has expanded and acquired some smaller peers and competitors. But since I have been leading this, this company, this is new to us and new to me and this kind of real estate expansion, office expansion. Always something that would fascinated me when I saw my peers do it. I was very interested in it. Um, the process, the cadence, how do you do it? How do you do it? Well and profitably. Um, so it was new. So the two locations where we expanded, we already have a location in and, um, West Midtown of Atlanta and of course our office in Lagrange. And we were looking at what makes sense. Um, and then we, we looked at this from kind of two different lenses. One lens is where do we already have client market share that we want to build upon. And the other lens we look through is where do we want to more or less put a stake in the ground of, hey, we’re here and we want to we want to gain market share. And it may be some an area that we’re a little bit unfamiliar, familiar with or that we want to, uh, that we’re very interested in a lot of different ways. You can you can investigate that. So Charleston, South Carolina and Auburn, Alabama have been on our list of thinking about this for quite a while.

Matt Mallory: [00:06:05] We love Charleston, the coast there. Um, when I was a kid, I spent almost every summer in Hilton Head. Um, I had a family of mine, had a place there, and it was just a really nice thing. So we’d go back and forth, um, and I got to know that area, um, as a young boy. And then since then, we have clients we’ve been able to partner with, and we’ve always been really interested. So one of our clients in particular has a location there. And in an effort to expand our partnership and a relationship with them and have a have a presence in the Charleston market, we just felt that it was a good fit and it has been so far. So our office is overlooking the Ashley River and the The Citadel’s campus, so it’s a pretty neat view. Um, on the west edge, really pretty area. The culture over there has been fantastic. They warmly welcome, um, uh, folks like us to come in and attempt to do more business and be more successful. It’s been a very good and positive experience so far. We’re looking for leadership in that area. If anyone in the audience, uh, is interested, we are looking for, uh, market leadership for Charleston for Mallory Agency.

Matt Mallory: [00:07:15] So maybe that’s a conversation later. Um, for Auburn. We’ve always been interested in Auburn for a few different reasons. Uh, one of them is logistically, uh, for us, it’s very convenient, easy. You know, being on 85, being such a heavy and dense, uh, thoroughfare, uh, you know, Atlanta, Lagrange and Auburn, I mean, just kind of made sense. Um, we also look at the energy and the growth of a community like Auburn with Auburn University, such a big SEC school with just, you know, historically just monumental success and so many of their different athletics and academics and the community itself, family friendly, a lot of energy, a lot of youth because of the school. And every time we went down there, there was something else going on. I mean, the growth is just, um, is wild. So we thought, okay, this is clearly somewhere we need to be. Um, we’ve got great market leadership. Um, one of our, uh, client advisors by the name of Forrest Burch is our market leader in Auburn. We have established ourselves with an office downtown Auburn, fantastic community in the area. So we’re excited about this stone. I mean, we look at these two areas as having alignment with Mallory Agency, the culture of the area. Um, very positive about the future.

Stone Payton: [00:08:33] Well, I travel 85. I used to travel more. My folks live up here now, but, uh, they were in Pensacola. That’s where I grew up. And so a market growth marker for me lately has been, uh, Bucky’s. And didn’t you get a Bucky’s down here in Auburn not too long ago?

Matt Mallory: [00:08:50] Yeah. That’s right, that’s right.

Stone Payton: [00:08:52] How’s that for strategy?

Matt Mallory: [00:08:57] Absolutely. If if the Bucky’s leadership is listening in, we would love to become your broker of record. That’s just a side note.

Stone Payton: [00:09:04] I like it, I like it. So this question is a little bit selfish, but I mean, I think everybody would benefit from it. And it really is directly related to our own efforts here at Business RadioX. As we continue to expand, what are you learning or what are what have you begun to put into place to have all these different offices and more importantly, the the leadership and the rank and file within them, interacting with each other and communicating with each other? Have you run into some surprises? Have you set up some disciplines to help that go smoothly, and if so, is it working?

Matt Mallory: [00:09:39] Yeah, I mean, you just nailed it is making sure there is alignment and culture and mentality. We really have to filter that out on the front side and finding people that almost immediately. And that’s a challenge, but almost immediately can buy in to our culture and who we are again, who we are now. But more importantly, they can rather quickly see who we are going to become. Well, how do they know that? We have to be very clear in our vision and in our ambition, and how we articulate that to new team members, to leadership? It has to be done frequently. You cannot develop a vision which can get everyone really excited, and it’s almost like a we could all become cheerleaders for our own business. You can’t communicate it just one time, and you also have to communicate the reality that our vision can be a little fluid. And if we come back to you, the the framework of our vision or the substance will remain the same, but it could have some fluidity to it. And recognize that your leadership team is still focused and disciplined on the same achievements. How we get there. There could be a little bit of a turn in the road, but we’re still going to get to where we’re looking to to arrive. So a lot of that has to be filtered on the front side. Each of these offices, the personalities may be a little bit different because of the leadership.

Matt Mallory: [00:11:09] They’ll be unique to the leadership. However, the leaders know that I expect the culture to remain the same. It doesn’t matter if I’m in Atlanta, Georgia or Auburn, Alabama. I want to make sure that when we walk into those areas, how we are communicating with our teams internally, how we’re communicating with clients, how we’re working, the soft skills are so critical. And that’s really where I. Well, I isolate is I want to make sure our soft skills are consistent with every single person. We can teach insurance, and we can go deep with the technical, and we want that to be consistent. But when we’re dealing with our clients, we’re using more soft skills. When we’re dealing with our team members internally, we’re dealing with a lot of soft skills. That has to be consistent, and we’re not looking to clone anyone on leadership and become robots, but we have to make sure that we are consistent with each other and how we work and how we operate, and it is challenging. But if we find the right people and we’ve seen this, if we find the right people and we are effective in communicating our culture with consistent passion and enthusiasm, and then furthermore, if we can show results that what we’re looking to achieve, we are achieving, we are not finished, but we are achieving this. That gives this affirmational feel to our team that, oh yeah, it is working and that’s been really successful.

Stone Payton: [00:12:31] I got to tell you, Matt, having a conversation with you is like attending a leadership seminar. And it’s a great reminder. And it’s, uh, you know, for example, the acknowledging that that that, uh, mission and vision, maybe you need to allow for some fluidity or at least some, uh, be open to, uh, methods for achieving those ends. Maybe, you know, maybe what helped us do that really? Well, two years ago, five years ago. We need to adjust that in light of environment and other factors. The other thing that strikes me is, um, you got to have that strong communication. Uh, uh, and it sounds like maybe you have never suffered this, but I gotta believe some of my peers have have suffered this, that even if you get the really strong communication from the very top leadership, if you don’t do it consistently and it’s not really strong and clear, um, that you could suffer some dilution even at the very next level. Right? Even at that branch manager, whatever you call it, level. And then and then when they start talking to their I mean, it can, it can get diluted in a hurry without the consistency and the and the initial strength. Yeah.

Matt Mallory: [00:13:49] Absolutely. So one way we’re trying to mitigate that is and so much birthed out of 2020, the pandemic. And one of the things that was birthed out of that was we have the first Friday of every month. We have a team wide, company wide call. And some of that discussion can be. Business related. Some of it can be, um, some fun. Like. Well, one thing that we do is we always start off that call with cheers for peers. We want to celebrate each other. We want to be excited to to work with each other and come to our jobs, come to this profession and, and look forward to working with everybody. We focus a lot on mind, body, spirit. We want to be holistically healthy as a team because of this hybrid remote environment. There’s still a little new, even for years now, still a little bit new to us. And probably a lot of people out there, we want to be holistically healthy, because if we are, then we know that we’re going to perform at a top level for our coworkers, for our team members and for our clients. And then hopefully we’re not giving our crumbs to our family, significant other spouses, girlfriends, boyfriends, kids, whatever. We’re giving our best. And we have to recognize that. We tell our team that a lot, that we want your best with us, but we don’t want you to max out so that when the day is over with, you may be in a little bit of a mood or tired or just tapped out, going home to your team, or just if you’re working from home, walking down the hallway to your family, we want you to give them your best.

Matt Mallory: [00:15:27] So holistic health is important to us. And then lastly, it’s making sure that we can give updates to our team. Now some things we we hold a little bit close because we don’t want to we don’t want to deliver anything that could be premature. Um, it’s tough to pull something back once you once you deliver it, but we want to give updates and share excitement, because if we share excitement to our team, they feel like they’re along with us. If we wait to only one time a year for an annual meeting to share all the good things going on, it arguably puts your team in the dark and they don’t have a clue what’s going on. They’re just grinding out during the day, and then all of a sudden they hear these updates. But how much more fun is it to tell them along the way in meaningful periods of time, how we are growing, developing what we’re achieving? It gives them something to be pretty proud of so that when they’re at a cocktail party or they’re at their church, or they’re at their kids sport sports game, they’ve got something to brag about and talk about. Hey, listen, this company I work for, we are having a great year. We’re doing all these exciting things. It could be that’s a recruiting tool. That’s also a way that we can build our brand and communicate our brand and celebrate our brand through our team. So we’re trying all these different ways and these methods to make sure that, um, there’s cohesiveness and there’s a lot of unity.

Stone Payton: [00:16:54] So when it comes to this communicating showing results you said earlier and and and updating folks is there room for not. This may be industry specific, but I’m just going to ask it in general, is there room for the peer group to contribute to what those metrics and milestones that matter should be like? If you’re looking toward 2024, should they and do they have some role in defining what those what those metrics and milestones that matter are?

Matt Mallory: [00:17:28] Absolutely. This is not the Matt Mallory show. This is Mallory Agency, but as a company, we are a team. And I tell everyone on the front end when they come in, we want to build something special with great people that become great leaders, so that when we get to a point and we start achieving metrics and benchmarks that we have been staring and maybe even obsessing about, we get to that achieving mark. We can turn around and say, oh my gosh, look what we did together. And we’re just now getting started. That builds a lot of excitement. So how do you get there? So we do. We have our five pillars that are very near and dear to us. And we get with our team and we talk about fulfilling those. And the way we fulfill those is getting with our different departments and our leadership and saying, here’s how we’re performing. In fact, we just finished an agency retreat the end of 23. Um, it, uh, precursor to our Christmas party, which was just what a fun night. And during our agency retreat, we we showed the data stone. We showed the numbers of this is how we are performing as a team and we isolated it per department. We never called anyone out. I don’t believe in that. We never we never. We celebrate things together and we will celebrate individuals for sure, top performers.

Matt Mallory: [00:18:51] But we will never poke anyone on the chest that was an underachiever or underperform. We want to build people up and edify them and find out, okay, if we fell short by a little bit or a lot, how can we improve? And we look at these departments and we say this, this is a challenge for you. You’ve already performed and achieved this level of success, but we know you have not reached your potential and we cannot wait to see what you can do. So we’re going to give you a new level of achievement and then maybe push you a little bit just to see what we’re capable of, maybe stretch you a little bit and that that can put some excitement, that can put some ownership and accountability with our teams and departments. And they love the idea. It was a new thing, a test that we did, um, that we deliver to our team. They loved it. They loved being able to see some of the numbers and the metrics about our growth and expansion and how we’re performing, and now when they are coming together in teams. Now they have something to look forward to, something to strive for. Compared to just thinking, well, I guess we’re doing okay because no one’s mad at us.

Speaker4: [00:20:01] Right?

Stone Payton: [00:20:02] I got to say, man, if I had a stronger work ethic, I think I’d want to come to work for Mallory Agency. It sounds like a great place.

Speaker4: [00:20:12] Oh, yeah? Yeah. Okay. You got to.

Stone Payton: [00:20:13] Tell me about. I understand that you’ve become a member of this gbn worldwide. What’s that all about?

Matt Mallory: [00:20:21] Yeah. So fun. So Gbn stands for the Global Broker Network Worldwide. So the history of this dates back about 5 or 6 years when our leadership team came together and we recognized and it sounds maybe a little bit silly coming off the tongue, but we definitely live in a, a global interconnected world economy, commerce. And you don’t have to be a big billion dollar company to recognize that. You don’t have to have offices all over the world to to recognize the kind of world we live in. I mean, we can quite literally get in touch with anyone we want to anyone in the world on the cell phone now, right? We can look up anything. We can find anything. So when we recognize that, then we took another step forward and thought, well, how can we, number one participate in that, contribute to that and make our brand known? And how can we maybe partner with great clients? What’s the pathway? So in the in the fun, lively property and casualty world, it’s called reverse flow business. And there are a lot of different networks that are similar to Gbbn, but we pick them a little bit intentionally where if there is a business anywhere in the world that wants to have a location in the United States by regulation, they have to have a US domiciled insurance broker partner, and they have to have US paper, which is just slang for you have to have a US insurance carrier, a Hartford or traveler as a Chubb, something similar to that.

Matt Mallory: [00:21:53] You have to have that. So knowing that and knowing about the the influx of business coming into the US that we all know exists, we thought we want to build a participate, be able to be a point of contact, contribute to this, be a part of this entire story. So now we’ve reengaged in all candor. We’ve disengaged the first time just because we had a very tragic loss within our firm, and it was just a little bit too much to try and do all the things we were attempting to do at that time. We pressed pause, and now we’ve reengaged because we feel like we’re in a much better place, a more stable place to really take on some exciting initiatives like this. So now Mallory Agency has become kind of a, um, an East Coast point of contact or anchor for the Gbbn. And we’ve had some success already. We’ve been able to work with some really great partners overseas, worked with some great clients, exciting clients so far. Um, it’s very interesting, um, relationship to cultivate. Uh, but it’s been a lot of fun so far, and we’re positive about the future.

Stone Payton: [00:22:56] Well, don’t share anything proprietary, of course, but anything that we haven’t already touched on that you’ve kind of got in mind for 2024 and beyond for Mallory Agency? For example, do you think you might stay on this path and continue to open additional offices or some other kind of big, big, hairy, uh, things? What do they call it? Big hairy goal you guys might be after in the coming years.

Matt Mallory: [00:23:20] Mallory Agency has no plans for future office expansion right now, but I will say we have never been more excited about 24. My goodness, the energy, the enthusiasm is palpable for 24. The level of momentum that we have going into first quarter, I can share that that what we have right now in our pipeline for first quarter of 24 alone almost equals what we achieved in our for all of 23. And we are just over the moon excited about this. We have a great team. We’re recruiting more team leaders and more leaders in general for our firm that will understand who we are. Buy into our culture almost immediately recognize that we have not even closed reached our potential. And if they can have long, firm vision, it’s difficult now to find people that can do that. Everyone is really into quick results, immediate success, and I probably suffer from a little bit of that myself. Um, maybe suffer from a little bit of impatience. I actually call that working with urgency, but looking at wanting to find people that can understand again. Who we are looking to become now and more importantly, who we will develop into and what we will achieve when we can find that for this year, it’s just going to be incredible. But I look forward to a use, maybe a less eloquent word. I look forward to a truly epic historical 2020 for finding great people to really build up something special and partner with truly amazing clients. It’s going to be, um, it’s going to be a wonderful year.

Stone Payton: [00:25:02] Well, I certainly have every reason to believe that. What an inspiring conversation. All right. What’s the best way for folks to learn more about Mallory Agency? Tap into the things that you guys are doing. Whatever works for you. Website. I just want to make sure folks can can get to you.

Matt Mallory: [00:25:21] Of course, happy to connect with people. Our website is always, um, accessible to everybody. Um, I am active on LinkedIn. You can always look up Matt Mallory on LinkedIn. I can toss out my email address as well. I’m happy for people to to connect that way. It’s Matt M, Matt M at Mallory Agency.com happy to connect with people and and look forward to possible conversations to, uh, collaborate and look forward to an exciting year.

Stone Payton: [00:25:53] What an absolute delight to have you on the show. Of course, I knew it would be because of the last time that we had you on air. Congratulations on all the momentum and success. I know there’s only greater things to come, but keep up the good work, man. What you’re doing is important, and the way you’re doing it is both important and inspiring. And I can’t thank you enough for joining us on the show, man.

Matt Mallory: [00:26:21] It has been so much fun to be with you again. Thank you for the time. And, um, cheers to 24.

Stone Payton: [00:26:28] My pleasure man. All right, until next time. This is Stone Payton for our guest today with the Mallory Agency, Mr. Matt Mallory and everyone here at the Business RadioX family saying we’ll see you in the fast lane.

 

Tagged With: Mallory Agency

Presley Gray with Dawson’s Auto Care

February 12, 2024 by angishields

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Cherokee Business Radio
Presley Gray with Dawson's Auto Care
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Dawsons-Auto-Care-BannerPresley-Gray-borderDawson’s Auto Care is a new, full-service mechanic shop ready to serve all your auto repair needs in Dawsonville, Georgia, run by business partners Presley Gray and Tom Bagby.

Co-owner Presley Gray has been in the automotive industry for almost 20 years, specializing in all areas of care, from mechanical to customization.

This transcript is machine transcribed by Sonix

TRANSCRIPT

Intro: [00:00:07] Coming to you live from the Business RadioX Studio in Woodstock, Georgia. This is fearless formula with Sharon Cline.

Sharon Cline: [00:00:16] And welcome to Fearless Formula on Business RadioX, where we talk about the ups and downs of the business world and offer words of wisdom for business success. I am your host, Sharon Cline. And today in the studio we have the co-owner of a new mechanic shop in Dawsonville, Georgia. Um, a friend of mine actually, who has been working on cars since he’s been a teenager. Um, he just moved to Georgia five years ago and has now gone on a journey to open his own shop and one of the co-owners of the shop. And his name is Presley Gray. Welcome to the show.

Presley Gray: [00:00:48] Thank you, thank you.

Sharon Cline: [00:00:49] You’re welcome. Dawson’s Auto Care.

Presley Gray: [00:00:51] Yes.

Sharon Cline: [00:00:52] I’m so excited for you. Yeah.

Presley Gray: [00:00:54] It’s, uh. It’s been a journey. It has.

Sharon Cline: [00:00:56] Been. And I was just reading about you. I didn’t realize that you had, uh, started working on cars. Really? Being such a young person, getting into this industry. And you’ve continued on through different places that you’ve worked along the way. And one of one of the cool things about you is that you were working on a Tesla certified collision shop in Seattle, one of the few.

Presley Gray: [00:01:15] Yeah. So when I was working. So I did come from Washington, um, the West Coast, and there was two shops in the state of Washington that were Tesla certified. And this is when Tesla had first come out. Um, at the time, they only had the Tesla Roadster, which is the original one. I think it was based off the Lotus, actually, if I recall. Right. And then the model S, which looks, uh, strikingly like a maserati. Oh, wow. Yeah. I was actually told by the owner of the shop I worked at that Elon Musk had gotten the one of the designers from Maserati to design the model S, and that’s why it looks so similar. Yeah, but I got. Yeah. Right. And, uh, just random facts right there, but, um, yeah, I got that job and there was only two. The other one was Bel Red, which is, uh, shop between Bellevue and Redmond. So I was called Bel Red, and, uh, I think they were the only other. No, no, no, it wasn’t Bel red. It was, um, accurate because I actually wound up there too after that. That’s right. Because I wound up at that shop about a month afterwards. That was a different story.

Sharon Cline: [00:02:10] Listen, we all have our twists and turns in our journeys, which is what the show is all about. It’s one of the best things, I think, is being able to ask people the different things that they’ve learned along the way. And is there a lesson that you wish you sort of knew beforehand, or you would have told yourself before you got started? And so that’s what’s kind of fun is, is being able to say, what did you learn and what would you have done differently? And um, so I actually am interested in, in why, how how difficult was it for you to stay in the mechanic world when you got started? Because I know 18, you’re kind of still figuring yourself out. Did you want to do anything else or were you just like, I can do this, I can do this. Well, this is not where I’m skilled and talented. And that’s how you stayed in this industry.

Presley Gray: [00:02:52] What actually happened was, um, my whole family. Not my whole family, but there’s been a lot of people in my family that are just involved in the automotive industry. Um, I’ve worked on cars just because, you know, we kind of had to when we were younger, we didn’t really have money to go to shops and stuff like that. It’s kind of how I learned primarily. But then my grandfather owned a shop in Southern California in San Bernardino called The Body Shop, and my uncle had learned from him. My dad learned a little bit from my grandfather as well, and my uncle lived in Spanaway, Washington, where I grew up. And, um, he, he took me under his wing when I was about, I think I was 13 or 14. I first started working with him and it was, um, just, you know, collision and stuff like that. And I’ve always done mechanical on the side, you know, kind of just on my own stuff, done some side work. And then I got primarily into collision, um, because I, I became kind of fascinated with painting cars and customization and stuff like that. And, uh, where was I going with this? I forget we’re.

Sharon Cline: [00:03:50] Talking about how you got into the industry and you stayed in it.

Presley Gray: [00:03:53] Oh, yeah. Yeah. That’s right. Squirrel.

Sharon Cline: [00:03:57] Most people do that too. Just so you know, you’re not alone. That’s funny.

Presley Gray: [00:04:01] Um, um, what was I fixing to say? Oh, yeah, I just got into it. Um, my first job at an actual body shop, because my uncle kind of worked out of a garage at his house. He had a shop, but it was mostly just car lot stuff. I was 18 when I got a job at an actual body shop, and I kind of bounced back and forth from the paint department over to the body side, and it’s just something I, um, I mean, this modestly, I was just very good at it, consistently better than most people around me. And that’s how I kind of stayed in it. I made a living for myself and, um, it was just easy for me. So.

Sharon Cline: [00:04:33] But I think that’s cool because a lot of people get started in their industry, because it really does come out of the fact that, like, I had to figure this out. I didn’t have anybody to help me. I had to learn. And then that’s such a valuable skill, especially the pandemic, showing just how important it is to have a trade. And those were essential workers. Those were the people that were like, yes, we need you. Obviously, you know, and I think that just having that skill, um, is something that, you know, you’re always going to have because you’ve got cars everywhere, you know, time goes on, it’s always going to be useful. Um, but how cool is it that your family, you’re kind of continuing on what your family’s business has been?

Presley Gray: [00:05:08] Oh, absolutely. Yeah. And like I said, my family was mostly on the, um, collision side, and that’s where I was. Um, I’ve always done mechanical on. Side, though. But, you know, my my, um, primary career has been in collision, and, uh, what Tom and I had done was we opened up a mechanical shop. It was actually originally supposed to be, uh, body and mechanical collision. Mechanical. And what wound up happening was between the permitting process and space, you know, for a shop, because I needed a frame bench, paint booth, you know, measuring system on the frame bench and stuff. Um, it became too hectic. And I go, look, you know, here’s the situation here. I can do mechanical, um, we can do mechanical strictly now and then eventually one day, if we expand and grow, then we can open up a bigger shop and we can still do mechanical, obviously. And then I can step back into the collision world. So that’s kind of where we’re going right now. It’s just, you know, right now we’re in mechanical. Dawson’s auto.

Sharon Cline: [00:05:55] Care. Dawson’s auto care okay. So Tom Bagby is your co-owner.

Presley Gray: [00:05:59] My co-owner.

Sharon Cline: [00:06:00] Co co-owner.

Presley Gray: [00:06:01] My business partner.

Sharon Cline: [00:06:01] Business partner. Sorry, I don’t know what to say. Okay. Business partner. So how did you all meet?

Presley Gray: [00:06:07] So I moved to Georgia, here about five years. Sorry. My kids were in the room with us. My son’s making the funniest faces right now. Okay. Um, um, was I fixed and say. Oh, yeah. So I moved to Georgia, um, just over five years ago, and I didn’t have any plan over here because I kind of just, I if I say I’m going to do something, I just kind of do it, you know, wing it more or less. And I flew my kids down to Miami, um, with a mother of my children, and they kind of hung out with her dad down there. And I drove across country, and I lived with my stepsister for about a week or two, and I wound up getting a job at a place called Auto Fitness. And then I got a condo and everything, and I flew my family up here. But basically, we restarted life here in Georgia.

Sharon Cline: [00:06:49] All the way from Seattle. Yeah.

Presley Gray: [00:06:50] It was it was pretty wild. It was, uh, it was a really cool drive, though. Two and a half days.

Sharon Cline: [00:06:54] Just a really cool drive. Let’s just talk about the faith that you have to have that is beyond a lot of people’s comfort zone to just sort of up and move all the way across the country, drive all the way across the country to set up a new life. So what what was it that sort of do you think is unique about you that lets you have that sort of faith and bravery?

Presley Gray: [00:07:15] I mean, I don’t know if I would call it faith or bravery. Um, I mean, I really don’t know what you would call it. Kind of what happened was I said, you know, we’re just going to do this. And that was the end of it. And I, I have this thing. I don’t know if you’d call it a mantra. It’s just about not having a plan. I mean, because, you know, my whole thing is if you have a plan, you have everything laid out, you know, this is going to happen. That’s going to happen a, B, C, d, you know, all the way down the row. One thing gets messed up, the whole thing gets screwed up. And I’ve kind of built my life around not necessarily having a plan, you know. And it’s not. I don’t know. I don’t want to I don’t want to call it chaos or disorganization because, you know, I do have constants in my life, but I just that’s kind of how I did that. You know, I just said, hey, we’re going to do it. And I have a very, very loose idea of how we’re going to do this. And we just did it. So it’s more.

Sharon Cline: [00:07:57] Stressful to you to have a specific plan to try to stick to. I’m the same way. I think I just because, you know, life can just unfold. And sometimes when you are so strict with yourself and things don’t turn out the way you want them to, it can have this negative effect that can make you not want to do anything. So, um, well, I mean, it’s really fascinating the fact that you were able to get this all, you know, a new life set up in a new city.

Presley Gray: [00:08:21] Oh, yeah. Yeah, knock on wood, everything’s been going pretty smoothly.

Sharon Cline: [00:08:25] That’s awesome. So. All right, so I wanted to ask you some questions. Typically what it’s like to be a shop owner. I know that this is a new business that you’ve opened in Dawsonville, which is great, but what are who’s an ideal, your ideal customer for you?

Presley Gray: [00:08:40] An ideal customer is someone that we’ve worked with before simply because, um, unfortunately, and I, I don’t really know, I don’t know, there’s a nice way of saying this, but a lot of shops are just extremely shitty and extremely dishonest, right.

Sharon Cline: [00:08:55] They I get that. I mean, oftentimes they are. I would say, um, one of the things that I think about being a woman is that, you know, I always wonder if they just look at me as like a dollar sign or, you know, you’re not going to know anything. And sometimes I do fall victim to that. So, yeah.

Presley Gray: [00:09:08] And that’s actually a really unfortunate thing. I’ve worked in the office of shops before, and I’ve actually had to tell women flat out, you know, I’ve given my business card and they left. I mean, there was one, um, she was moving to New York and her car was wrecked. It was like a key or something. I remember it was rear ended and she didn’t have time to fix it before she moved to New York. And I go, any questions you have? And I told her flat, out I go, I don’t mean any offense by this. You’re a female. If you go into a shop that’s owned by men, they’re probably going to try and take advantage of you. So just if you have any questions, if you feel uncomfortable, give me a call. I can always spend some time on the phone with you and, you know, try and steer you in the right direction at least. And that’s why I’d say the easiest customer or the most ideal customer would definitely be someone we’ve worked with before, because not trust is already there. You don’t need to necessarily explain. You don’t need to sell yourself. You don’t need to convince them. True.

Sharon Cline: [00:09:51] And I do know that this is not just pervasive for women. It is for men as well, I’m sure, as customers. But just knowing that you have someone that you trust, that value in this space of mechanics is so incredibly important. Because how would I know to say, no, that’s not true. Unless you go to several different places, you know? And who has time for that? Like, you really just want to be able to have the faith that someone is truly diagnosing and fixing your problem.

Presley Gray: [00:10:16] Oh, absolutely. That and, uh, competent mechanics and just technicians anymore are actually very, very hard to come by. A lot of people, you call them parts changers, or they just throw parts at cars and stuff like that, and it’s going, no, you have to diagnose. I mean, it’s the same thing. I’ve made a joke of like, you know, I’m not a doctor, I’m a car doctor. I’m not a people doctor, you know? But if you go to a doctor’s office, you can’t just sit there and. Okay, here’s my symptoms. And they say, well, it sounds like this. Let’s just give this medication. No, you have to properly diagnose. You have to find out what it is and then treat it. It’s the same thing with cars. You can’t just. Oh well you can. It actually happens a lot. Um, but you shouldn’t do that. And we do not do that. We properly diagnose and actually find out what the issue is and then we address it, and that’s the way it should be. I did some.

Sharon Cline: [00:10:54] Minimal research just on basics of what are some of the main problems that car mechanic shops have, you know, so that we could have interesting things to talk about. So I can ask you some questions. Thanks. One of them is it’s fascinating to me because basically what it comes down to is you are a problem solver. You know, you solve people’s problems and help people and obviously everybody wins. They get their car fixed and you have your business. And and yet there are some pressures there that also come with opening your own shop and, and having this timeline you need, like you always need customers, you need to have volume. And so do you find that some of the standard problems that lots of other mechanic shops have, which are can you fix this faster or, you know, can you, can you fix this cheaper? You know, are you finding the same thing, being a brand new shop or do you are you having that same lesson of, I’m just going to let things unfold the way they unfold?

Presley Gray: [00:11:52] Well, hmm. Let’s see here the main thing. How would I answer that?

Sharon Cline: [00:12:00] A little bit of a convoluted way that I asked you that. But, you know, I don’t always have my questions for him, so. Great.

Presley Gray: [00:12:07] No, it’s still, I’m just trying to think of, like, I’m trying to, I don’t know.

Sharon Cline: [00:12:11] Because isn’t there pressure? There is pressure at this moment since it’s new shop, right? Yeah. And then you want to prove yourself and be a value to the community?

Presley Gray: [00:12:19] Absolutely. Yes. Um, to an extent. I mean, yeah, there are a lot of customers out there we have not touched base with yet. Um, that being said, though, there are a lot, a lot of clients who have already worked with and Tom as well. So people know who we are locally and, you know, kind of outside of Dawsonville as well, because he lives in Gainesville. Um, but yeah, we just, uh.

Sharon Cline: [00:12:41] I don’t know. I was thinking that the fact that you have this new shop and you’ve you’ve worked in different places and you have these skills that you’re bringing, obviously, to your to your new shop. Um, what what are some things that you sort of wish you could have told yourself in the very beginning of this journey that you, you know, there are people out there that are listening that have always had a dream of doing something like this. So what would you want to tell them about their own journey to go on? What would you have wanted someone to tell you?

Presley Gray: [00:13:09] Absolutely. Do not be afraid and don’t second guess yourself. That is the most important thing. And there’s so many things on cars, you know, so many people get intimidated by. They don’t understand. They’re afraid of opening a business. They’re afraid of money, time. You know, they’re afraid it’s going to consume their life, and it will if you let it. But you just have to step out. Well, you have to set boundaries with your business. You know, basically, you can treat your business as a person or an individual. If you do not, it will consume you. I know it might sound ridiculous to say that, but you have to do that because if you treat it as just like an object, it will overrun your life and it will just cause chaos and mayhem. And you do not want any of that.

Sharon Cline: [00:13:44] I found that to be true for many people in the studio that have come in and talked about their business, how difficult it is for them to put boundaries around their time, their energy, their phone has to be off at a certain point, otherwise they’ll never really feel balanced and get resentful, you know?

Presley Gray: [00:13:59] Well, you know, that’s a funny thing because we have a cell phone for the shops, we have a cell line and a landline. Right. And, uh, it was actually this week. Sorry. It was actually this week. Um, Tom had been remarked about, like, taking the, uh, the cell phone home, and I’m like, uh, you know, keep taking it home. And I’m like, no, dude, at 6:00, leave it here. Do not take it home with you. Leave your leave the job here. Leave, you know, work here and separate it from your house. Trust me. Like you know what I mean?

Sharon Cline: [00:14:24] It’s really smart because it feels like if you don’t answer the phone, then you could lose a customer. That awful feeling of missing out.

Presley Gray: [00:14:30] Of a voicemail. You get a call back in the morning, right?

Sharon Cline: [00:14:35] Everyone listening? Yeah. Um, so how was it finding your space to open your place? You know, um, I know you’ve had a dream to have your own shop for quite a while. So finding the right timing and the right space, how was that for you?

Presley Gray: [00:14:50] So that was extremely stressful. Oh, man. So, um, this actually started back. I actually touched base with the landlord. Probably. It was over two years ago. Um, and what happened was, I want to say it was back in May of last year. So 2023, uh, he had given me a call back because he basically said, I’ll keep your number. Um, you know, we touch base every, I don’t know, six months or so and nothing available. Okay. There might be something. No. Okay, cool. Thanks. Bye. And I was constantly looking. This was just for one business complex. I was constantly scouring the internet, talking to people as anything available. There was nothing because after Covid happened, property. Well, I think what happened, uh, I can’t prove this, but I think what happened was there was a lot of technicians at shops, you know, a lot of, um, people and businesses and stuff like that. Corporations, you know, kind of just stuck under the corporate umbrella, you know, if you will. And what happened when Covid happened, a lot of people got laid off, but a lot of people were getting checks from the government. I don’t know if you remember that whole thing. I do unemployment checks. Yes, I do, and I gave people a lot of freedom to do a lot of things. And I bet you a lot of people at that point said, you know what? I suddenly just found this confidence. Go out and do my own business. Now. Warehouse spaces disappeared. Wow. Oh, they just.

Sharon Cline: [00:15:56] I don’t even think about.

Presley Gray: [00:15:57] That. I didn’t even think about it until I went to look for 1 in 2021. And then property prices shot up. And when I saw it was in Forsyth County, it was zoned commercial. It was one acre undeveloped. There has no water, no power or anything around to it. It was almost $1 million.

Speaker3: [00:16:13] Oh my God. And I saw.

Presley Gray: [00:16:15] That. And I was like, I mean, I know it’s Forsyth County, but come on, I know.

Speaker3: [00:16:18] Right?

Presley Gray: [00:16:18] That’s a little ridiculous to me, but, um, where was I going with that? I don’t forgot.

Sharon Cline: [00:16:23] What it was like to get your building.

Presley Gray: [00:16:25] Yeah. So I was, um. Alan, he’s the, uh, landlord of the business complex that I’m in right now. He touched base with me back in May. I think it was. And he had said, you know, there’s we’re breaking ground. You know, it should be built. It should be done. You know, I think it said mid-summer. So I was like, okay, you know, constructions involve third party. It’s going to be late summer call Tom. We kind of stay in touch because Tom and I had, um, Tom and I had been discussing for years, you know, because we got, um, we had met at Auto Fitness when I got my job there, and that was the first time I had here in Georgia. And, uh, ever since I met him, we just kind of became friends, you know, we hit it off, and, um, we were always discussing about having a shop, so I called him and, you know, told him, like, here’s the situation, yada yada. He goes, okay, well, just keep me in the loop. And then what happened was, um, you know, midsummer happened, wasn’t done. Okay. It’ll be late summer. Okay. You know, then it just kept getting dragged on, dragged on. And then it was September, and, uh, we were promised to get in. It was early September. Then it turned to mid September because, I mean, just permitting and everything else, all the.

Speaker3: [00:17:23] Things, everything, all the things.

Presley Gray: [00:17:24] It was just one thing after another. And it was funny because I’ve been working out of my house for about, I think, two and a half years at this point, two years in my garage. And, uh, it was just a two car garage. So you can imagine what that was like. And that was not my plan at all. And, uh, what wound up happening was it was. It’s this building. I want to say it was 1800 or 1600 square feet. It was basically a rectangle, you know, big shop door, um, a little back door and stuff like that. And, um. That’s wound up getting drug through September. So Tom quit his job in I think it was August or September. I think.

Speaker3: [00:17:59] A lot of faith.

Sharon Cline: [00:18:00] To think about that.

Speaker3: [00:18:01] Oh, absolutely.

Presley Gray: [00:18:01] Yeah. No, we just pulled the trigger. I was like, we’re doing this or not. Okay, I guess we’re doing it.

Speaker3: [00:18:05] Oh my gosh. Yeah.

Presley Gray: [00:18:06] So yeah, there’s a lot involved. And that’s why I said you just got to take that leap and just just do it. I mean get the confidence if you really want to move forward. And don’t be afraid that will help you the most. But, um, um, what happened was it got dragged through September, then October, November, and then it was either late November, early December or get a phone call from Alan. And, uh, this is an industrial complex, and there was multiple buildings, and the one that we were getting was new, construction permitting, turned into a whole thing. And I’m just like, dude, this is not happening right now. And we wound up, um, actually trading buildings with the building we’re in now that you’ve been to. And that actually worked out better for us because it was about double the square feet and we got a better deal, um, money wise on it for rent every month.

Speaker3: [00:18:47] So it was like.

Sharon Cline: [00:18:47] A happy, you know, even though it seemed frustrating at the time. It worked out better for you.

Presley Gray: [00:18:52] Yes, it did in the, in the, in the long run, in the end. So yeah, we got into that shop and finally well then it turned into a whole nother fiasco of, um, it was more permitting issues because we were going to install lifts in there, and then it just we had to actually what happened was we signed the lease. It was I think it was between Christmas and New Year’s. We signed the lease. And then or maybe it was right before Christmas. Then we found out from City Hall that we would need a fire suppression system with, you know, water and then potentially water lines ran from the city water that was under highway 53. We recorded $150,000.

Speaker3: [00:19:25] And I was like, that’s not happening. Yeah.

Presley Gray: [00:19:27] And, um, the fire marshal, I went to go talk to him. He was out sick with the flu. So, uh, what happened was Tom and his family were out in, uh, Missouri or. Yeah, Kansas City, Missouri. And, uh, for the holidays, they get back, uh, I think it was New Year’s Day or the day after New Year’s Day. I forget, I think it was New Year’s Day, actually. And, uh, January 2nd, we go to the fire station first thing in the morning, and, uh, the fire marshal’s name is Jeff Bailey. Super cool guy. But, uh, it was funny. I see him, he just got out with the flu first thing in the morning, and I’m with her. Good morning. How are you doing?

Speaker3: [00:19:57] We need to talk. You know.

Presley Gray: [00:19:59] I need answers right now, and, uh, we, you know, explained the situation. And I basically started off by saying, look, I’ve talked to multiple people in the government. He was like, well, unfortunately, you didn’t talk to me. And I was like, I did not know I had to. And, um, he said, look, I just woke up. I’m trying to finish my coffee doing this. I had the flu and I’m like, I understand, man, I just need some answers here, you know? And, uh, he wound up meeting at the shop, and he just cleared everything. So, I mean, it was like it turned into a huge situation, and he cleared everything up in about half an hour. We got our CEO the next day. Yeah. Then we were able to finally move forward getting the lifts, and we had to get the floor cut up and concrete poured and everything because it wasn’t deep enough, but it was just one thing after another. But we finally got in there.

Speaker3: [00:20:38] But think about.

Sharon Cline: [00:20:38] All that you had to navigate through, not just managing the understanding what it is that you need to do in order for the shop to open, but also managing your feelings around it. Like, did you not just want to give up at some point?

Presley Gray: [00:20:51] So there we actually had the conversation because we took loans out, loans on equipment. We took a huge money loan out to get the business started and everything else. We formed a new LLC and I actually closed down. I canceled my LLC. I had and I was working out of my house, and I opened up a new one under the same name, but it was a new one with Tom and I as joint partners on it, instead of a sole proprietor like I had before. So there was a lot of stuff we did, and it got to the point where we actually had the conversation. The week before, we had met with Jeff Bailey, the fire marshal, and, uh, we basically had the conversation of, so, are we backing out of this? What’s going on? Because I had also, um, back in October of last year when, you know, a few months ago, I had essentially I didn’t shut down business in my house, but I stopped, you.

Speaker3: [00:21:31] Know, making new clients more or.

Presley Gray: [00:21:32] Less exactly unless it was like really good job or something like that. I kind of was just shutting everything down. So it put me in a situation, you know, and the whole thing was just like it was coming to a head. And I was like, this is not good.

Speaker3: [00:21:43] But you know how many.

Sharon Cline: [00:21:44] People don’t follow through? You know, it’s like the safety, you know, that you could get a job anywhere because you’re skilled and you’re good with people and you have the experience to back it up. But. You persevered. There are so many people that go to the tried and true and don’t take that leap of faith. So it’s like impressive that you did that.

Presley Gray: [00:22:04] It’s impressive.

Sharon Cline: [00:22:05] It’s impressive.

Speaker3: [00:22:07] Jesus. All right.

Sharon Cline: [00:22:13] Did you just do a bad dad joke on Business RadioX?

Speaker3: [00:22:16] Nice. Oh.

Sharon Cline: [00:22:18] Listen, you’re not the first dad in the studio, so fine. But what I think is important, too, is what I often talk about with anyone who’s in the studio is how important it is to surround yourself with good people. So what is it about Tom and you that just seemed to work so well together? And you were willing to take that leap of faith?

Presley Gray: [00:22:33] So, um, when I go, I guess in just in life or whatnot, I meet a lot of people, talk to a lot of different people because I just talk to them a lot of people, and there’s very few people that I ever become friends with. Um, it auto fitness. There was a lot of people that worked there and other shops I went to. Tom was the only friend that I made at Auto Fitness, just like with, um, John over at Poston. Uh, I didn’t work in Poston, but I worked with them, and, um, I just, I meet certain people and I just mesh with them. Um, Tom was one of them, and we just stayed friends here in Georgia. And, you know, he’d one of the random conversations we had was he was wanting to have a shop, and I was like, well, I also used to have a shop in Washington.

Speaker3: [00:23:10] Yeah, you had the same dream.

Sharon Cline: [00:23:11] So you had had had a shop before and now, you know, like you want to do it again. Exactly.

Presley Gray: [00:23:15] Yeah. And it was just something we discussed. Of course, I was not really because I essentially started my entire life over when I moved here to Georgia. So I couldn’t just like, oh, I’m just going to, you know, do this. Um, I had to, you know, get somewhat of a foundation set first, but, um, no, Tom, he’s just a solid dude, you know, he’s reliable. He’s not. He never. He didn’t have any, you know, bad vices, I guess, you know? So he’s just a good guy, and he’s a good friend of mine now. So.

Speaker3: [00:23:39] So.

Sharon Cline: [00:23:40] Um, what would you say it is about your personality that makes it, like, so satisfying for you to be in this industry? Like what? What makes you the happiest?

Presley Gray: [00:23:51] Uh, helping people. I know that sounds corny, but that really is it.

Sharon Cline: [00:23:54] I mean, that’s it’s a service industry. Yeah. You’re helping. Serving?

Presley Gray: [00:23:58] Oh, absolutely. That informing people. I mean, I’m sure you’ve probably seen me do this once or twice, like someone asks a question and I’m like, let’s let’s just go back to the beginning here. I’m gonna explain this whole thing to you. So you are extremely informed. That’s actually probably one of my favorite things to do with customers, especially I come from the collision industry, and the amount of stuff that I would have to explain about insurance companies made me happy.

Sharon Cline: [00:24:18] Well, you’re giving people, um, knowledge, and knowledge is power in this way. You’re giving people, um, tools and skills of their own so that they can not get taken advantage of in the future.

Speaker3: [00:24:29] It, um.

Sharon Cline: [00:24:31] That must be very like, um, I don’t know, almost like a, uh, like a little bit not anarchy, but a little bit of rebellion against the people who benefit from ignorance.

Presley Gray: [00:24:43] Oh, yeah. There’s a there’s a lot to unpack there.

Speaker3: [00:24:48] Oh, yeah.

Presley Gray: [00:24:50] This can go off topic really quick.

Sharon Cline: [00:24:54] So. All right, so, um, I don’t know. Now I’m all distracted because I had a list of questions and now I don’t even remember what they were. Okay. Um, who are your mentors?

Presley Gray: [00:25:03] My mentors. Um. Honestly, I would just say friends I’ve met throughout life. I mean, one of my best friends, um, he actually has Parkinson’s, Dana Dieter. He lives in Georgia now. I met that guy when I was probably probably 20, 22, 23 years old. And, uh, funny story how I met him, but, uh, um, well, not funny story, I met him. Funny story. How I found out he had Parkinson’s.

Speaker3: [00:25:29] Oh, yeah.

Presley Gray: [00:25:30] But, uh, yeah, I did not know. I said some very insensitive stuff to him.

Speaker3: [00:25:34] Oh, my gosh. But you’re still friends. Yeah, I was in a barbershop.

Presley Gray: [00:25:37] So it’s okay.

Speaker3: [00:25:38] Though.

Presley Gray: [00:25:39] Oh, yeah. That was good times right there. But, you know, people like that. And then, you know, another friend I made, his name is Dan Darren back in Washington. Still, it’s just and I’ve always hung out with older people and they’ve taught me a lot. Um, my uncle, he passed away a couple of years ago. He was actually the one that got me into collision and cars in general. Um, he was a good guy. It’s. That sucked when he passed.

Speaker3: [00:25:59] Yeah, yeah, but.

Sharon Cline: [00:26:00] What’s wonderful is, um, just knowing that you’ve got, um, people in your life for that long to, you know, long terme friendships and people that are in the same industry as you. You feel like you can trust them because you’ve known them so long.

Presley Gray: [00:26:14] Absolutely.

Sharon Cline: [00:26:16] That’s awesome. Um, all right, so if you were talking to, um, I don’t know, me and I were to come. Oh, wait, we also need to talk about the fact that you work on motorcycles, which is a big deal.

Presley Gray: [00:26:26] Oh, yeah. Yeah, absolutely. Anything with wheels.

Speaker3: [00:26:28] Anything with wheels.

Presley Gray: [00:26:30] Anything with wheels and key.

Sharon Cline: [00:26:32] Yeah. So I’m excited because I have motorcycle friends that I think would be really happy to have a shop up in Dawsonville, that they know that they can trust this person.

Speaker3: [00:26:39] Heck yeah. You know, it’s far away.

Presley Gray: [00:26:40] It’s it’s a nice ride out there.

Sharon Cline: [00:26:42] And there’s a restaurant right next door so you can hang out there if you want.

Presley Gray: [00:26:45] We’ve actually already done that.

Speaker3: [00:26:47] Have you really. Yeah. That’s awesome. Yep.

Sharon Cline: [00:26:49] So yeah, I think what’s really cool is, is knowing that you’ve got this history behind you, that’s all part of your family, that’s all part of your legacy. And you’re continuing it on. And then you’ve also got a perseverance side of you that continues to keep going, even though you’ve had many opportunities for people to tell you it’s not going to work out, it’s going to be too difficult. You just kept going. And now one of your motivations is to be such a helpful person in your community, not just Dawsonville, but anyone, but almost be an advocate for your customers. And I don’t know, all those things being put together feels like it would be such a successful venture for you. I mean, clearly you know how to do, um, you work on anything but knowing that you have, like, such a heart for it and a want for helping people is it’s a well, I was going to say impressive, but I’m not gonna say. But it’s like it’s it’s important because if your heart’s not behind it, you can see that oftentimes you just don’t have the will to stick it through when you have adversity.

Presley Gray: [00:27:47] Oh, absolutely. And that’s something I’ve actually ran into in multiple shops, is there’s people that are obviously in it for money and that’s it. They do not care about the customer. They do not care about the car. I mean, they’re I, I can’t even tell you how many arguments I’ve had where I’ve watched people because like I said, my, uh, the majority of my career has been in the collision industry. And when you don’t repair a car, right, we just call it hacking the car out or butchering it or something. And I just I’ve said to multiple people, because I will call someone out in a heartbeat. It’s like, you know, someone has kids. There’s a car seat in there. What are you doing? What are you thinking? You know, and I have no issue saying that. That is.

Sharon Cline: [00:28:18] That’s ethics though.

Presley Gray: [00:28:19] Yeah. Oh, yeah. Yeah. Because stuff like that will get under my skin bad.

Sharon Cline: [00:28:23] Do you only work on standard regular cars? Do you work on hybrid cars like Priuses, or do you also work on things like Teslas?

Speaker3: [00:28:31] Nice. That was a nice one.

Sharon Cline: [00:28:32] I had to add the Prius in there. My favorite, the greatest car of all time is what I call it.

Speaker3: [00:28:36] Okay.

Presley Gray: [00:28:38] It’s an all right car.

Sharon Cline: [00:28:40] Okay. You can leave the studio now.

Speaker3: [00:28:43] But no. Yeah, we.

Presley Gray: [00:28:44] Work on anything. Anything that has wheels and key. I mean.

Speaker3: [00:28:47] That was so. It doesn’t matter.

Sharon Cline: [00:28:47] If it’s like a Tesla. Where to come in. You’re fine.

Presley Gray: [00:28:50] Yeah. The only issue there would be. I don’t know what’s changed since I was at the Tesla shop in Seattle, but Tesla is kind of a stickler right to repair laws have affected this. I just don’t know how it’s top of my head right now. But there are a lot of parts, especially structural and stuff like that. They will not sell to you unless you’re Tesla certified. Um, the Tesla batteries back when I was working in Seattle. Granted, this was this was eight years ago, I think. Yeah, about eight years ago. Um, they had to go to a Tesla service center to get the battery serviced. I don’t know if that’s changed, but. Yeah.

Sharon Cline: [00:29:19] Well, so what can I tell people or what would you want people to know, um, about your shop? Or is there a way that they can get in contact with you if they want to come, come visit.

Presley Gray: [00:29:28] So we are getting all of our because we’re brand new. We actually have a marketing agency that we hired and they’re building us a Facebook, um, I think Facebook X and then I.

Speaker3: [00:29:39] Think, is it Instagram?

Sharon Cline: [00:29:40] Do you have to be on Instagram for business?

Speaker3: [00:29:42] They didn’t mention.

Presley Gray: [00:29:42] Instagram that I remember, but I want to say it was um, Yelp as well. Oh, okay. So we’re gonna have those three right there. And then, um, I’m getting a website built for my friend Courtney right now. I don’t know when that’ll be done. Probably a week or two. Honestly, I need actually that ball’s in my lap right now. I need to go ahead and get that one going myself. But we got that stuff done. Um, I’m.

Speaker3: [00:30:03] Not pretty good to.

Sharon Cline: [00:30:03] Go though. Like, once those are all in place.

Speaker3: [00:30:06] Oh, yeah. Absolutely.

Presley Gray: [00:30:07] So, yeah, the, uh, the social media should be done next week, and that will obviously be under Dawson’s Auto Care. Um, the website, I’m not sure because we have run into a lot of domains being taken. So we got to find a good domain name and then, you know, kind of go from there.

Sharon Cline: [00:30:21] That’s a whole other aspect to business ownership, which I find fascinating, because you can’t just have your business and put up a billboard somewhere in town and assume that people are going to know who you are. You have to be able to stand out and compete. And part of that whole other side of it is, is social media. So how do you feel about all that? Is it a stressful thing?

Presley Gray: [00:30:42] Well, the social media thing, um, I like to think of myself as having a pretty good sense of humor.

Speaker3: [00:30:48] So I think, you know, I do know. So I’ve.

Presley Gray: [00:30:53] Uh, I’m actually kind of looking forward to that because we had it was like a consultation kind of phone call we had with the social media or marketer or.

Sharon Cline: [00:31:00] Social media marketing.

Speaker3: [00:31:01] Company. Yes.

Presley Gray: [00:31:02] And it was lady we were speaking to and she had said, yeah, you know, a really good idea is to make videos. And I was just like.

Speaker3: [00:31:07] Yes.

Sharon Cline: [00:31:08] Awesome. Like make reels and things.

Speaker3: [00:31:10] Yeah.

Presley Gray: [00:31:10] Kind of, I mean, just, you know, something like, hey, we’re tearing down this car. If you have this issue, this is what’s wrong. Commonly misdiagnosed as this. But, you know, I can, you know, deliver it in a very good way. Hopefully.

Speaker3: [00:31:19] So. I don’t know.

Sharon Cline: [00:31:20] How I got on this side of TikTok. Well, it’s because I like cars, but I guess. But I’m on this part of TikTok where these shops will have someone in there saying, um, hey Presley, you know what car is going to make it to 100,000 miles or what car is not going to make it to 100,000. And they get so many views. And I think what’s awesome about that is it’s giving customers an inside view. It’s not just I have to be friends with a mechanic who I know is I can trust every time I see something like that. I’m learning about cars from the inside. And what what is the the reputation of cars and what to look out for. Like what are the main problems that jeeps have? And you know, there’s like a list of things that people will say. So, um, I can see that being something that would work as well too, in your not that I’m telling you what to do because I don’t know. I’m just saying it’s interesting.

Speaker3: [00:32:09] It’s a good idea though. Oh yeah.

Presley Gray: [00:32:10] It’s definitely going in the right direction. And you know, honestly I’ll say uh, as far as cars going 100,000 miles, just.

Speaker3: [00:32:16] Just change your oil.

Presley Gray: [00:32:17] That is the most important thing.

Speaker3: [00:32:19] Oh my God.

Presley Gray: [00:32:20] I cannot stress that enough actually PSA change your oil.

Sharon Cline: [00:32:24] So people don’t. Is that.

Speaker3: [00:32:25] The thing?

Presley Gray: [00:32:25] That’s actually we just did a repair in Ikea for over $2,000 because it jumped time, because they did not change the oil and it ran low. Wow. Yes.

Sharon Cline: [00:32:35] But you also do tires at your shop, right?

Speaker3: [00:32:37] Yep.

Sharon Cline: [00:32:37] You pretty much do.

Speaker3: [00:32:37] Everything more or.

Presley Gray: [00:32:38] Less. Yeah.

Sharon Cline: [00:32:40] So okay, so do you feel like you’ve got almost all of your parts in place for you to be able to just take off? In other words, reference the Facebook page, like, do you have to have a website? Can’t you just reference Facebook?

Presley Gray: [00:32:52] Um, yeah, more or less. It’s just, um, a lot of people and it’s funny, I, I personally when I look up a business, I honestly don’t care about the website. Like I could not care less. It just it’s nothing.

Speaker3: [00:33:03] You just want the information, right? Yeah.

Presley Gray: [00:33:05] The phone number. Because, you know, I’ll call someone or I’ll just go there directly. But marketers, they are on it when it comes to websites. I mean, that has brought up more than anything. And I’m like, I don’t I mean, I’m missing something.

Speaker3: [00:33:14] Obviously, maybe.

Sharon Cline: [00:33:15] Has to do with some of the metrics and the analytics that they can have with traffic. So I had a social media marketer in this on the show about a year and a half ago, and she had talked about how she is Google certified in understanding how to market. So she said that she can even tell whether a tablet or a phone or a computer is how someone got traffic on their website. Um, what time of day is most effective? Um, she was talking about like a tow company, a tow company. Most likely someone’s going to be not on their laptop contacting the tow company. They’re going to be on their phone because they need it, because they’re on the side of the road or what times. And then also being able to leverage that information so that you can market yourself in the most advantageous time period.

Presley Gray: [00:34:07] That’s actually really smart.

Sharon Cline: [00:34:08] I know that’s the whole company. I’ll give you their information in case you. Yeah.

Speaker3: [00:34:12] No, definitely.

Sharon Cline: [00:34:13] But yeah, I mean, maybe that’s why websites are actually important in that way. I’m sure Facebook itself has its has its way to keep track of how many visitors you have on your page. I don’t actually know because I have my own Facebook page for my own voiceovers, and I don’t even know how many people go to my page. I don’t pay attention, and I should because I could leverage it. I know, but, um, yeah, I don’t know. It’s kind of a fascinating world to be a small business owner, because there are so many things we can do on our end as opposed to having to hire, you know, big media companies that will make logos for you and, um, and promote you. And I don’t know, advertising wise, you can kind of do so much on your own. Yeah.

Presley Gray: [00:34:52] Yeah, absolutely.

Speaker3: [00:34:53] That’s something to.

Presley Gray: [00:34:54] Think about for sure, actually.

Sharon Cline: [00:34:55] Oh, look at me helping you out on Fearless Formula. Do you think you have a fearless formula? I know there’s silence. You’re thinking.

Presley Gray: [00:35:07] Um, no, because I’m human.

Sharon Cline: [00:35:11] You feel the fear and do it anyway?

Speaker3: [00:35:13] Absolutely. That’s it. You didn’t feel it?

Presley Gray: [00:35:15] If you did not feel fear, I’m either going to call you a liar or there’s something broken.

Sharon Cline: [00:35:19] Yeah.

Speaker3: [00:35:19] Then you don’t want to do business with those people? Yeah. No red flags. Great. Wait, what? Uh.

Sharon Cline: [00:35:26] Well, I really want to thank you so much for coming to the studio. Presley Gray of Dawson’s Auto Care. And, um, I’m excited to see where you go.

Speaker3: [00:35:33] And Tom Bagby.

Presley Gray: [00:35:34] In spirit.

Sharon Cline: [00:35:34] And Tom Tom Bagby in spirit. And, um, I’m excited to see where you all go. Um, and hopefully. Yeah, I know. Right. And hopefully, and, I don’t know, maybe a year’s time come back and we’ll we’ll talk about how it’s been your journey of, of business ownership and the things that you’ve learned over the that year. You know, I can only see positive things because like I said, I think your heart being in it so, so deeply, um, means that you’re going to honor what’s right and do what’s right. And for me, that there’s such value there that I know other people will be able to feel that too.

Presley Gray: [00:36:08] Thank you.

Speaker3: [00:36:09] You’re welcome.

Sharon Cline: [00:36:09] I’ll put a link to to your website or whatever, not your website, your Facebook or whatever it is that you want. We’ll put a link to it on on the Business RadioX page.

Speaker3: [00:36:17] That’s awesome.

Presley Gray: [00:36:17] I really appreciate that.

Sharon Cline: [00:36:18] Sure. Thanks again everyone for listening to Fearless Formula on Business RadioX. And again, this is Sharon Klein reminding you with knowledge and understanding we can all have our own fearless formula. Have a great day.

 

Tagged With: Dawson's Auto Care

BRX Pro Tip: What is Your Superpower?

February 12, 2024 by angishields

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BRX Pro Tip: What is Your Superpower?

Stone Payton: [00:00:00] And we are back with Business RadioX Pro Tips. Lee Kantor and Stone Payton here with you. Lee, question of the day, what is your superpower?

Lee Kantor: [00:00:09] Yeah. As an entrepreneur, you better know what your superpower is, better know what is the thing that makes you different. You have to have that self-awareness to really identify the thing, the one thing that people can get from you that they can’t get anywhere else. Think about what are you, that go-to resource. What are you the go-to person for?

Lee Kantor: [00:00:30] Once you’ve identified your superpower, think about what you have to do to get more people to know about it, and to contact you when they have that specific need for whatever that superpower is to solve their problem. This year, pay some attention and focus on your superpower and see how much more progress you can make when you go all in on what you do best and what you’re most passionate about, focusing on your strengths and delegating your weaknesses for better results in less time.

BRX Pro Tip: Look for People Who Believe What You Believe

February 9, 2024 by angishields

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BRX Pro Tip: Look for People Who Believe What You Believe

Stone Payton: [00:00:00] And we are back with BRX Pro Tips. Stone Payton and Lee Kantor here with you. Lee, when hiring, when bringing new people on – I know you’ve shared with me – it’s important to look for people who believe what you believe.

Lee Kantor: [00:00:17] Yeah. I think this goes beyond hiring. I think the people that you should be surrounding yourself, especially early in the venture, are people who believe what you believe. These are people who go above and beyond. And these enthusiastic true believers can really make a difference on your team in your business, because they already get your culture and they get your core values.

Lee Kantor: [00:00:40] I think it’s a lot harder to train someone to be enthusiastic, positive, and invested in your cause than it is to teach them about the tasks that are needed or that you need them to do. And the same with superfans, it’s a lot easier to kind of serve the superfan who already believes what you believe than to find just a regular person and then kind of explain everything to them.

Lee Kantor: [00:01:04] So, once you’ve kind of identified a person that believes what you believe in, figure out a way to get them involved in your organization, whether it’s hiring them, whether it’s just giving them something to do to help you kind of further your cause. Because finding that tribe, that group of people that believe what you believe, is going to help you get to where you want to go faster.

BRX Pro Tip: Embrace the Struggles

February 8, 2024 by angishields

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Stone Payton: [00:00:00] Welcome back to Business RadioX Pro Tips. Stone Payton Lee Kantor here with you today. Lee, here’s a good mantra, embrace the struggle.

Lee Kantor: [00:00:09] Yeah. It’s important to realize that the struggle is just part of the experience. You can’t achieve greatness without any struggle. If you never struggle, then you can’t learn what you can do and what you can achieve. There just aren’t any shortcuts to avoid struggle. It’s just part of the deal. It’s not a bug in the system. It’s a feature of the system.

Lee Kantor: [00:00:34] So when you have a struggle and you’re going through a period where things are very difficult, this isn’t the time to quit or bail. It’s just understanding that, hey, I’m just going through a rough patch here and I’m going to just power through it. I’m going to go over it. I’m going to go through it. I’m going to go around it. But I’m going to keep moving forward. I’m going to keep going. I’m not going to use this as an excuse to quit.

Lee Kantor: [00:00:58] The struggle is part of the experience. That’s a fact. It’s not something that you -there is no experience that is struggle free. That just is a kind of straight line up. That just doesn’t happen. It isn’t realistic.

Lee Kantor: [00:01:14] So, when you know that life has ups and downs, you better be putting things in place to help you get through the times when they’re down. So you have to have a support group around you that you can talk to, that can help you. You have to have mentors that you can lean on that can help tell you how to get through this. But you can’t avoid struggle. It’s just part of the deal. So, have things in place that help you get through it so you can get to a new level.

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