Diagnosing the Aftermarket A to Z

LSTN Media LLC

Matt Fanslow's Diagnosing the Aftermarket A to Z Podcast is a wide-open perspective on all aspects of the automotive aftermarket from a working diagnosticians' point of view. All topics and issues will be on the table. read less

Seller Beware [THA 304] - Remarkable Results Radio Podcast
01-12-2022
Seller Beware [THA 304] - Remarkable Results Radio Podcast
Matt Fanslow shares a recent interaction with a salesperson that wanted to help in the sale of the business. There were some warning signs, and with a call to an industry peer, Hunt Demarest, Matt stopped what could have been a costly mistake. Watch Episode HERE Matt Fanslow, Riverside Automotive, Red Wing, MN, Diagnosing the Aftermarket A to Z Podcast Hunt Demarest, CPA, Paar Mellis and Associates, Business by the Numbers Podcast Show Notes: Succession plan for Riverside Automotive- Matt buys out the current ownerSalesman stops into the shop offering consultation work (not automotive based)- consultant comes the next week looking into receipts and paperwork. Tells the owner his accountant is doing a poor job and asks what their ballpark agreement for sale price tag is. Immediately tells the owner it is priced too low and he could write a check for him today for more. Also adds in a scare tactic with IRS and 'gift tax.' Explains his team could get this deal done for around $40,000Hunt Demarest- aggressive salespeople will pray on the owner's goals, insecurities and dreams with pressure behind it.The importance of valuations from someone that is versed in the automotive industry.Seller and buyer have to be on the same page with transparent communicationWhat is your relationship with your banker?Be mindful of the opinions you are getting and who you are sharing information with Connect with the Podcast Aftermarket Radio Network Subscribe on YouTube Visit us on the Web Follow on Facebook Become an Insider Buy me a coffee Important Books Check out today's partners: Shop-Ware: More Time. More Profit. Shop-Ware Shop Management getshopware.com         Delphi Technologies: Keeping current on the latest vehicle systems and how to repair them is a must for today’s technicians. DelphiAftermarket.com
Relationships 101 with Margaret Light
23-11-2022
Relationships 101 with Margaret Light
41% of first marriages end in divorce, 60% of second marriages end in divorce, and 73% of third marriages end in divorce. Up to 70% of divorces are initiated by the wife, and when in a couple, the wife is college educated, that number drops and jumps to up to 90% of divorces initiated by the wife.Who regrets a divorce after it happens? 39% of men regret a divorce compared to only 27% of women.Most couples are waiting too long to seek some type of help with their marriage.Divorce men are 2.5 times more likely than married men to commit suicide and 8 times more likely to commit suicide than divorced women. 66% of men name their wives as their primary social support, 21% name friends, and 10% say they have no one at all.4 communication patterns that tend to lead to divorce- eye rolls are a symptom of contempt, criticism, defensiveness, and stonewallingThe first 3 minutes of a conversation dictate the rest of the conversation, how well or how poorly that goes.Couples in unhappy relationships spend all their time looking at the other person and not enough time looking at themselves. You have two different people in a relationship with two different sets of thoughts and feelings, and needs. It is possible for one person in that relationship to feel good about the relationship and think everything's okay or good enough, and it is possible for the other person to be downright miserable.Imagine the most recent fight you had with your spouse or negative interaction- if you remove yourself from that scenario and were to put someone else in your place, and it was like you were watching a movie, how would you feel towards that person who's playing you? Would you like what you see? Could you stand by those actions? What are the parts of what they're saying that are true?The show is sponsored by NAPA Auto Care napaautocare.comNAPA Benefits Center: napabenefitscenter.comNAPA Member Site: member.napaautocare.comEmail Matt: mattfanslowpodcast@gmail.comDiagnosing the Aftermarket A - Z YouTube Channel HERE