Finixx Squezz: Unlocking “Tire Business Secrets” with Cole Strandberg!
Finixx Squezz invites you to dive deep into an insightful article by Cole Strandberg, a seasoned Managing Director at Focus Investment Banking. He specializes in mergers & acquisitions and capital raising for multi-location tire dealerships and automotive service businesses worldwide.
Cole poses a challenging yet honest question:
“Are you running a business or just owning a job?”
This isn’t just a thought-provoker; it’s a gateway to significant transformation in the tire business that we believe everyone should explore and apply!
Cole highlights that many entrepreneurs start by being ‘everything’ in their shop—salesperson, manager, even the chief problem-solver. But as a business grows, this model often becomes a ‘bottleneck,’ hindering expansion and limiting its true value. His article illuminates the path to transforming from the ‘no one’ who shoulders every burden to ‘the one’ who builds a truly sustainable and thriving business.
Breaking Barriers: Key Takeaways from Cole Strandberg That Finixx Squezz Wants You to Know!
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Change Your Mindset from ‘Owner’ to ‘Operator’
This isn’t just a title change; it’s a fundamental paradigm shift! Stop getting bogged down in daily tasks. Instead, zoom out, strategize, and build systems so your business can truly run itself. This is key to driving your business far beyond its current limits. Just like Finixx Squezz, we don’t just sell tires; we craft the best end-to-end customer experience with our forward-thinking vision.
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Build Systems & Delegate
Cole advocates for using structured systems like EOS (Entrepreneurial Operating System) or other frameworks. These help you delegate tasks effectively, define roles clearly, and establish accountability within your team. The more your business can function with you overseeing it from a broader perspective, the more valuable and scalable it inherently becomes!
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Customer Experience is ‘Table Stakes’
Forget comparing yourself to the tire shop down the street! Today’s customers expect an experience on par with giants like Amazon, DoorDash, or Apple! This means convenience, transparent communication, and trust are no longer ‘nice-to-haves’; they’re absolute essentials. If your team isn’t trained, empowered, and expected to deliver a modern, easy, and reliable experience, you risk being left behind without even realizing it! Finixx Squezz deeply understands this truth, which is why we prioritize every customer touchpoint to deliver an unparalleled impression.
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Document Processes
Simple, yet powerfully effective! Start by writing down your Standard Operating Procedures (SOPs), even basic ones. This will help systematize your business operations and facilitate seamless knowledge transfer within your team.
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Hire & Trust Leaders
Bring in responsible, capable individuals and truly empower them to make decisions and execute. What’s even better? If you can foster internal talent and promote from within, that’s a huge win for long-term growth!
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Schedule Your Exits
Try taking some time off. Delegate significant projects to others and observe where snags arise. Then, fix them proactively before they escalate into major issues. This is a smart way to stress-test the strength of your systems and your team!
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Listen Like a CEO
Your primary role isn’t just to ‘do’; it’s to ‘improve.’ Actively engage with your team, customers, and advisors. Listen intently to their feedback and strategically use it to elevate your business to the next level.
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Learn from the Best
Seek out CEOs or entrepreneurs who have successfully built their dream businesses and are living the life you aspire to. Talk to them! Peer groups and mentors are genuine ‘game changers’ that can dramatically accelerate your journey towards your goals!
Cole Strandberg eloquently concludes that whether your goal is to sell your business in five years or simply work a little less this summer, building a business that doesn’t rely solely on you is the greatest gift you can give yourself and your team. Because,
a business is worth a whole lot more than just a job!
Finixx Squezz hopes these sharp insights and practical tips from Cole Strandberg will inspire and guide every tire business to build a strong foundation, achieve scalable growth, and realize true value in today’s dynamic business world.
Inspired by: “Build a Scalable, Sellable Tire Dealership” by Cole Strandberg Source: https://www.moderntiredealer.com/retail/article/55292152/build-a-scalable-sellable-tire-dealership
At Finixx Squezz, we believe that staying informed and adopting best practices is crucial for the growth and success of every tire business. This spotlight was inspired by Cole Strandberg’s insightful article, which offers valuable perspectives on building a resilient and valuable enterprise in the automotive aftermarket. We encourage you to explore the full article for a deeper understanding of these concepts.