Jim Speck walks through how he turned down a $125,000 job in Arizona for $4,000 a month plus 8% of a profit that didn't exist yet, and argues that a young operator trying the same climb in a big metro market today would get squeezed out by the public companies.
Jim Speck is the Pesident of Circle Auto Group in Southern California, where he built an 11-store group alongside his late partner Hank and still runs the business with Hank's trust today.
He built his foundation on the fixed side of the business, mechanic to service advisor to service manager, then worked for Kaiser Jeep and Saab before buying his first store at 31.
Topics:
00:00 Stole Cars As A 14-Year-Old.
07:15 Coin Flip Decided His Career.
14:00 First Store At 31 With 25% Equity.
19:50 Took $4K Salary Over $125K Offer.
32:20 Guaranteed Pay During COVID, Won Big.
49:30 Small Towns Beat Big Metros.
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