Latest / The Steve Harvey Morning Show / Losing Everything... Twice: The Auto Firm
Transcript
- 0:01Speaker 1: He stared at me straight in my face and said,
- 0:05Speaker 1: I don't need you anymore.
- 0:06Speaker 2: Wow. So he backed out on his promise.
- 0:08Speaker 1: Not only backed out, he screwed me over, told me
- 0:11Speaker 1: that there's nothing after two years, and it was just
- 0:14Speaker 1: like probably one of the most difficult things I've ever
- 0:17Speaker 1: faced in my life. I built this and I got
- 0:19Speaker 1: to walk out. It's his business, it's not mine.
- 0:21Speaker 2: That's Alex Vega, founder of the auto firm. At that moment,
- 0:25Speaker 2: he was up against a brick wall, pushed out of
- 0:28Speaker 2: a company he helped build, with no other options, he
- 0:31Speaker 2: would have no choice but to start over, not just once,
- 0:35Speaker 2: but twice.
- 0:36Speaker 1: It was like starting again from nothing.
- 0:44Speaker 2: Welcome to the Unshakables from Chase for Business and Ruby
- 0:47Speaker 2: Studio from My Heart Media. I'm Ben Walter, CEO of
- 0:51Speaker 2: Chase for Business.
- 0:52Speaker 3: And I'm Tanya Nebo, a lawyer and consultant for business owners.
- 0:56Speaker 2: On the Unshakables, we're sharing the daring stories of small
- 0:59Speaker 2: business owners facing their crisis points and telling the stories
- 1:03Speaker 2: of how they got through it. Hey, Tanya, we're back
- 1:06Speaker 2: with another story and this one, this one might make
- 1:09Speaker 2: you just a little bit uncomfortable.
- 1:10Speaker 3: Yeah, I am already nervous. Just based on what we've
- 1:14Speaker 3: heard so far, Ben, it is so hard to start
- 1:16Speaker 3: a business, and this man built one for someone else.
- 1:20Speaker 3: Now he's turned back out on his own.
- 1:22Speaker 2: It's even more complicated.
- 1:23Speaker 3: Just wait, h no, keep me hanging. Let's hear it.
- 1:27Speaker 2: On today's episode The Auto Firm from Miami, Florida.
- 1:33Speaker 1: I tell everybody, listen, I've never worked a day in
- 1:36Speaker 1: my life. I go there and I play all day.
- 1:39Speaker 2: Alex Vega has been in love with cars his entire life.
- 1:42Speaker 1: As a kid going up, I remember the toys that
- 1:45Speaker 1: I cared about, the moles for the little hot wheel cars.
- 1:48Speaker 1: We would get markers and change them up, cut of
- 1:51Speaker 1: the wheels, do stripes. I would watch shows like The
- 1:54Speaker 1: Dukes of Hazard, the night Rider Starskeen Hodge.
- 1:57Speaker 2: I was the huge Dukes of Hazzard fan every Friday night.
- 2:00Speaker 2: Oh yeah, and I like night Rider too.
- 2:01Speaker 1: Never hassle the Hoff, Never hassle the Hoff. Anything that
- 2:04Speaker 1: had cars in it I loved, and I always said
- 2:08Speaker 1: I wanted one day build a car that everybody in
- 2:11Speaker 1: the world would know. Hey, you know what Alex Viga
- 2:13Speaker 1: did that car?
- 2:14Speaker 2: Now. I watched all those shows, but Alex he didn't
- 2:17Speaker 2: just watch cars on TV. He was around them in
- 2:19Speaker 2: real life all the time. His father was a salesman
- 2:22Speaker 2: at Firestone. Alex would go to work with his dad
- 2:25Speaker 2: and just watch cars go in and out of the shop.
- 2:27Speaker 3: You know.
- 2:27Speaker 1: I was sitting down by the sidewalk and watch the
- 2:29Speaker 1: cars come in and out, in and out, and people
- 2:31Speaker 1: will either change tires or do old changes, and I
- 2:34Speaker 1: would be like, man, why don't they change the wheels,
- 2:37Speaker 1: Why don't they paint them? Do them different.
- 2:40Speaker 2: Eventually he had the chance to fix up his own car.
- 2:43Speaker 1: I remember my front door neighbor had a Buick Regal
- 2:47Speaker 1: nineteen seventy nine. It had a grass growing all over it.
- 2:51Speaker 1: I told them one day, I said, would you sell
- 2:54Speaker 1: me the car? All I have is five hundred bucks?
- 2:57Speaker 1: And he sold me the car. But now I want
- 2:59Speaker 1: to to make it look nice because everybody else in
- 3:02Speaker 1: my high school had these nice cars. And I'm here
- 3:04Speaker 1: pulling in in nineteen seventy nine. The antenna was a hangar.
- 3:08Speaker 1: And I just started, little by little going to autoparts
- 3:11Speaker 1: stores and buying hug caps, buying center console, and then
- 3:14Speaker 1: people would see my car in school and say, man,
- 3:17Speaker 1: I like your car. What did you do to it?
- 3:19Speaker 1: And I just started selling cars.
- 3:23Speaker 2: He did that for a while, and when it was
- 3:25Speaker 2: time to go to college, he decided, you know, it
- 3:27Speaker 2: wasn't really for him.
- 3:29Speaker 1: I didn't want to go to college. I went for
- 3:32Speaker 1: literally two days, and I did it just to please
- 3:34Speaker 1: my mom. And I remember calling my dad and say, Dad,
- 3:38Speaker 1: I want to do what you do. I want to
- 3:40Speaker 1: work with cars. I have a passion for it. Why
- 3:43Speaker 1: not make it a business?
- 3:44Speaker 2: So he dropped out of school and his dad connected
- 3:46Speaker 2: him with the manager of the Firestone that he worked at,
- 3:49Speaker 2: but the manager thought Alex was too young he wouldn't
- 3:51Speaker 2: hire him. So instead, Alex got a job selling coupon
- 3:55Speaker 2: books for oil changes.
- 3:57Speaker 1: You would sell these flyers for twenty bucks and you'd
- 3:59Speaker 1: get five free old changes, and it was to drive
- 4:03Speaker 1: customers into Firestone. So I said, that's the perfect opportunity.
- 4:07Speaker 1: I'll cell abut to these flyers. They see my potential,
- 4:09Speaker 1: and I'll get a job at Firestone. I was probably
- 4:12Speaker 1: selling over one hundred flyers a week.
- 4:15Speaker 2: The district manager at his dad's shop asked to see him.
- 4:18Speaker 1: This is that typical Cuban guy with the macho attitude.
- 4:22Speaker 1: He was very intimidating. And I remember I walk in
- 4:25Speaker 1: and he throws like it was a stack of those
- 4:28Speaker 1: coupons into the table and he says, are you doing
- 4:32Speaker 1: this for some reason? And I said, what are you
- 4:35Speaker 1: talking about? He says, are you giving him away? Are
- 4:38Speaker 1: you selling them? I said, I'm selling them. He says, well,
- 4:40Speaker 1: stop selling them.
- 4:42Speaker 2: Alex was confused. He was doing so well selling the
- 4:44Speaker 2: coupon books. Why on earth would anyone want him to stop?
- 4:47Speaker 2: So Alex tried to reason.
- 4:49Speaker 1: With him, the coupon is not costing you anything. It's
- 4:52Speaker 1: costing the consumer something. They're coming into your store. Now
- 4:56Speaker 1: it's up to your managers to take advantage of it
- 4:58Speaker 1: and bring them in and sell them. That's the purpose
- 5:01Speaker 1: of it.
- 5:02Speaker 2: Now, this was a smart manager. He thought Alex had
- 5:04Speaker 2: a point, so he made him an offer.
- 5:07Speaker 1: He looked at me like, I can't believe this guy's
- 5:09Speaker 1: telling me this, and says, tomorrow, I have a manager's meeting.
- 5:13Speaker 1: All my managers are gonna be there. You're gonna walk
- 5:15Speaker 1: in at eight thirty, and whatever you just talk to
- 5:18Speaker 1: me about, I want you to tell them that if
- 5:20Speaker 1: you walk out of there alive, you got a job. Tomorrow.
- 5:23Speaker 1: I remember walking into this meeting, and I don't know
- 5:27Speaker 1: if you've ever seen bulldogs when they're mad that their
- 5:29Speaker 1: saliva is coming down. That's how everybody looked at me.
- 5:34Speaker 2: Alex gave the managers the same spiel he did before.
- 5:37Speaker 2: Most of the managers were pretty mad, but one was impressed.
- 5:41Speaker 1: He looked at me and said, I want this kid
- 5:43Speaker 1: to work for me.
- 5:46Speaker 2: For the next nine years. Alex was a successful salesman
- 5:49Speaker 2: at Firestone until one day one of his customers offered
- 5:52Speaker 2: him the chance of a lifetime.
- 5:55Speaker 1: Somebody comes in and tells me, I know what you
- 5:58Speaker 1: want as a custom shop to build custom cars. I'm
- 6:01Speaker 1: going to give you that opportunity, he says. I'll open
- 6:04Speaker 1: the nicest custom shop. I'll put all the equipment you need.
- 6:07Speaker 1: I'll pay you a good salary. If you get me
- 6:10Speaker 1: to a million dollars in sales a month and two years,
- 6:13Speaker 1: I will give you fifty percent of the company.
- 6:15Speaker 2: Wow, it sounds like a pretty good deal.
- 6:16Speaker 1: Yeah, I said, no brainer.
- 6:18Speaker 2: It was everything Alex wanted and a real chance to
- 6:21Speaker 2: prove himself. He told the man he would do it,
- 6:23Speaker 2: he'd build his company, and when they shook on it,
- 6:26Speaker 2: he was instantly on the hook for a million dollars
- 6:28Speaker 2: a month in sales. So he got to it, working
- 6:31Speaker 2: harder than he'd ever worked in his life to keep
- 6:33Speaker 2: his promise, and at the same time, he and his
- 6:36Speaker 2: wife started building their future together. They moved into their
- 6:39Speaker 2: dream home, confident that it was all going to pay off,
- 6:42Speaker 2: and two years later, Alex went to talk to the boss,
- 6:45Speaker 2: ready to take on his half as promised.
- 6:49Speaker 1: Two years came down the line, I overdid my promise.
- 6:53Speaker 1: He stared at me, straight in my face and said,
- 6:56Speaker 1: I don't need you anymore.
- 6:57Speaker 2: Wow. So he backed out on his promise.
- 6:59Speaker 1: Backed out, not only backed out, literally looked at me
- 7:02Speaker 1: and said I don't need you no more. And it
- 7:04Speaker 1: was just like probably one of the it was one
- 7:07Speaker 1: of the most difficult things I've ever faced in my life.
- 7:09Speaker 1: I thought everything ended like right there, all this I
- 7:12Speaker 1: built this, and I just I got to walk out.
- 7:14Speaker 1: It's his business, it's not mine.
- 7:17Speaker 2: Alex returned home completely devastated.
- 7:21Speaker 1: I was so mad that I had never felt that
- 7:23Speaker 1: anger inside of me. And I get to the house.
- 7:25Speaker 1: My wife opens the door, looks in my face and
- 7:28Speaker 1: says what happened? And I said, he screwed me? Over.
- 7:31Speaker 1: I'm out, Like he just fired me and told me
- 7:34Speaker 1: that there's nothing after two years, I got to start
- 7:36Speaker 1: all over again. She looked at me straight in the
- 7:42Speaker 1: I said, you're going to sell the house and you're
- 7:44Speaker 1: going to build your own business. People love you, not him.
- 7:48Speaker 1: It's not the name of the business, it's you.
- 7:51Speaker 2: Wow, that's amazing. So now you're starting over. But you've
- 7:53Speaker 2: learned a pretty hard lesson. It sounds like, so how
- 7:56Speaker 2: did you do things differently?
- 7:57Speaker 1: Number one? I knew it was going to be my business,
- 8:00Speaker 1: Like that's it, Like, this is all me now. My
- 8:02Speaker 1: wife gave up the most beautiful house we had just
- 8:05Speaker 1: built to open this business. And it's your money now.
- 8:08Speaker 1: It's not somebody else's money. Now. It's when you go
- 8:11Speaker 1: and buy that tire machine that costs twenty thousand dollars,
- 8:15Speaker 1: it's your twenty thousand dollars. So now you really gotta
- 8:18Speaker 1: hustle three times the amount.
- 8:20Speaker 2: Did you find new customers? Did you serve the same customers? Like?
- 8:23Speaker 2: What did you do? You had to start all over?
- 8:25Speaker 1: Yeah, a lot of the customers stood by me.
- 8:29Speaker 2: Now on his own, the business continued to grow. Working
- 8:32Speaker 2: for himself under his own name, he built a terrific reputation.
- 8:36Speaker 1: I would look at any car, I would talk to
- 8:39Speaker 1: somebody for five minutes and boom, automatically, I knew what
- 8:42Speaker 1: they wanted. They couldn't see it, but I saw it.
- 8:45Speaker 1: And making cars in a way where when I thought
- 8:49Speaker 1: as a kid, I want people to see a car
- 8:51Speaker 1: and say, Alex Viga did that car?
- 8:52Speaker 2: What does a trademark Alex Viga car look like?
- 8:55Speaker 1: Nice than any other car out there? I promise you
- 8:59Speaker 1: have never spend one dollar in advertising. Wow, everything has
- 9:03Speaker 1: come through word of mouth and delivering exactly what you're
- 9:07Speaker 1: promising people you're going to deliver.
- 9:10Speaker 2: Alex's business was catching steam, and soon he was working
- 9:14Speaker 2: with athletes like MLB player Alfonso Soriano and celebrities like Akon,
- 9:18Speaker 2: Lil Wayne and Usain Bolt. He got crazy requests like
- 9:22Speaker 2: make me a Lamborghini that can breathe fire. That's a
- 9:24Speaker 2: real car he made by the way his work spread
- 9:27Speaker 2: through word of mouth, but he was solely focused on
- 9:29Speaker 2: car builds. If someone needed more basic collision repair or
- 9:33Speaker 2: maintenance services, they'd have to go somewhere else. Then one
- 9:37Speaker 2: day Alex was talking to a guy who owned a
- 9:39Speaker 2: collision repair shop, and as it happened, there was open
- 9:42Speaker 2: garage space next.
- 9:43Speaker 1: Door, and this guy convinces me to move my business
- 9:47Speaker 1: next to his business a building that he had next
- 9:50Speaker 1: to him, to lease it from him so I can
- 9:53Speaker 1: have a body shop basically next to me and a
- 9:56Speaker 1: custom shop.
- 9:57Speaker 2: It felt like a perfect way to expand further, so
- 10:00Speaker 2: Alex moved in. But he quickly realized he'd made a
- 10:03Speaker 2: big mistake.
- 10:04Speaker 1: I find this out three months after I did this
- 10:06Speaker 1: big move, that this guy's behind my back trying to
- 10:09Speaker 1: take all my clients. He had trademarked the name of
- 10:12Speaker 1: the company I was using back then and basically destroyed
- 10:17Speaker 1: me mentally. Confront the guy kicks me out of the
- 10:21Speaker 1: building with my equipment in there. It was like starting
- 10:25Speaker 1: again from nothing.
- 10:28Speaker 2: Hard as it is to believe. For the second time,
- 10:30Speaker 2: Alex had failed to get anything in writing, and he
- 10:33Speaker 2: had no protections in place. Why do you think you
- 10:36Speaker 2: took someone on their word after what happened the first time?
- 10:38Speaker 1: The way I was raised by my father was a
- 10:41Speaker 1: man's handshake and his word and looking him in the
- 10:43Speaker 1: eye was better than any contract.
- 10:49Speaker 2: Okay, so let's pause here for a second, and Tanya,
- 10:51Speaker 2: I need to bring you in here. I have to
- 10:53Speaker 2: confess I couldn't help but think of you as I
- 10:55Speaker 2: was interviewing him, and I'm listening to this story because
- 10:58Speaker 2: the lawyer and you must just be completely hor on
- 11:00Speaker 2: so many levels.
- 11:02Speaker 3: You are so right getting burned not just once, not
- 11:07Speaker 3: just twice, but then starting over a third time because
- 11:10Speaker 3: he really wasn't into contracts. You know, that's tough on me,
- 11:13Speaker 3: even personal. It does something to me.
- 11:16Speaker 2: You know, you're just thinking he should have hired me.
- 11:18Speaker 3: Well, yeah, he could have hired us, but someone I
- 11:21Speaker 3: see a lot of small business owners do this.
- 11:23Speaker 2: Do you see a lot of small business owners take
- 11:25Speaker 2: it that much on faith?
- 11:26Speaker 1: Yeah?
- 11:27Speaker 3: Unfortunately a lot of entrepreneurs do this. They think that
- 11:30Speaker 3: since the conversations are going well and they feel good
- 11:33Speaker 3: about the person, that it's okay to just go ahead
- 11:36Speaker 3: and move forward with the deal. And that's such a mistake.
- 11:38Speaker 3: Trust me when I say it is best to do
- 11:41Speaker 3: the contract now when things are good between the two
- 11:44Speaker 3: of you. Imagine what's going to be like when there's
- 11:46Speaker 3: actually money involved.
- 11:47Speaker 2: If I use the analogy of a prenup where people say,
- 11:50Speaker 2: you know, it'll take the romance out, and obviously this
- 11:52Speaker 2: is business romance, not personal. But how do you make
- 11:54Speaker 2: sure the process of going through the contract and everything
- 11:58Speaker 2: that you need to do doesn't sour the really relationship.
- 12:00Speaker 3: It helps to bring in the third person. It allows
- 12:03Speaker 3: that third person to be the one who's making it uncomfortable.
- 12:06Speaker 3: The two or three are all hover many people who
- 12:08Speaker 3: are getting into the deal. They can still have their
- 12:10Speaker 3: good relationship while the other person, the attorney, probably is
- 12:14Speaker 3: the one asking the hard questions, forcing them to have
- 12:17Speaker 3: conversations that they otherwise would not want to have. So really,
- 12:20Speaker 3: all an entrepreneur needs to do is just to know
- 12:23Speaker 3: that they simply need to bring someone else in.
- 12:25Speaker 1: That's it.
- 12:26Speaker 2: Well, look it's good advice, Tanya, and we should all
- 12:29Speaker 2: hire a third party to do that. But what if
- 12:31Speaker 2: you can't afford it? I mean, some small business owners
- 12:34Speaker 2: just starting out they don't have the money to do it.
- 12:36Speaker 3: Then they think they don't have the money to do
- 12:38Speaker 3: it because they don't realize what a priority it is.
- 12:41Speaker 3: If you really think you're going to succeed in business,
- 12:43Speaker 3: you will ultimately have a lot at stake. And also,
- 12:46Speaker 3: even if you can just get advice, you know, if
- 12:49Speaker 3: someone were to say I can't afford to get any help.
- 12:51Speaker 3: I would say, how about you at least have a consultation,
- 12:55Speaker 3: at least get points, even bullet points that could ultimately
- 12:58Speaker 3: end up on a piece of paper. Both of you
- 13:00Speaker 3: all sign just to get the insight from someone who
- 13:03Speaker 3: is a professional, who is advocating for them is better
- 13:06Speaker 3: than nothing.
- 13:07Speaker 2: Listen. I think that's really great advice, and we'll get
- 13:09Speaker 2: into it later, but for right now, let's get back
- 13:10Speaker 2: to the story.
- 13:11Speaker 3: All right, Well, let's see where this goes.
- 13:14Speaker 2: Alex realized he had no choice but to take legal action.
- 13:17Speaker 2: Over the next year, Alex's company would be tied up
- 13:19Speaker 2: in a trademark lawsuit against his former business partner, and
- 13:23Speaker 2: that meant that all his business's assets, basically everything he
- 13:26Speaker 2: needed to keep working, were frozen.
- 13:29Speaker 1: We had to go through a lawsuit for it was
- 13:31Speaker 1: a whole year. It was a disaster. I couldn't get
- 13:34Speaker 1: my equipment up, I couldn't get my inventory. So you
- 13:38Speaker 1: have to literally say, what do I do right now?
- 13:41Speaker 2: Alex found a new space where he could build back,
- 13:43Speaker 2: bigger and better. But before he could rebuild for the
- 13:46Speaker 2: third time, believe it or not, he had to raise
- 13:49Speaker 2: the cash to rent the garage, and he had to
- 13:51Speaker 2: do it fast.
- 13:54Speaker 1: I literally started calling all my clients and saying, look,
- 13:56Speaker 1: I'm going through this situation right now. If you want
- 13:59Speaker 1: to change your wheels, if you want to do anything
- 14:02Speaker 1: to your cars, I'll do whatever you want on your cars,
- 14:05Speaker 1: and I'll do it literally at the lowest profit possible.
- 14:08Speaker 1: But I need to move forward and reverse. The customer said, no,
- 14:12Speaker 1: you're going to charge me whatever. I remember baseball players
- 14:15Speaker 1: coming to me that were close to me, and I
- 14:17Speaker 1: remember this guy like saber mirrors. He was playing for
- 14:19Speaker 1: the White Sox. He literally came to my store with
- 14:22Speaker 1: a brand new Porsche she had bought and gave me
- 14:25Speaker 1: the keys. He said, I don't know what kits they have.
- 14:28Speaker 1: I don't care what it costs me. I want you
- 14:30Speaker 1: to build me the baddest Porsche you ever built. It
- 14:33Speaker 1: was literally a sixty thousand dollars ticket.
- 14:39Speaker 2: With the support of his clients, Alex was able to
- 14:41Speaker 2: raise eighteen thousand dollars in just four days, and he
- 14:45Speaker 2: signed the lease for the new space. He even had
- 14:47Speaker 2: enough leftover to buy some new machines for the final time.
- 14:51Speaker 2: Alex reopened the business with a new name, The Auto
- 14:54Speaker 2: Firm He also created his own line of rims and tires,
- 14:57Speaker 2: named using a combination of his initials AV and the
- 15:00Speaker 2: Italian word for an unstoppable force. Together. He called it
- 15:04Speaker 2: a Vorza.
- 15:06Speaker 1: And I loved the word. I said, man, it's catchy.
- 15:08Speaker 1: You look it up. It doesn't exist, there's no description
- 15:11Speaker 1: for it. And I remember going to one of the
- 15:13Speaker 1: biggest manufacturers, says, I want to make my own brand.
- 15:17Speaker 1: I make all these designs. And I started drawing out
- 15:19Speaker 1: designs and they love the designs and they say, we'll
- 15:22Speaker 1: make them for you. Let's do it. And that's how
- 15:24Speaker 1: I created my own wheel brand. And I was actually
- 15:27Speaker 1: putting this on celebrity cars, athlete.
- 15:29Speaker 2: Cars, hopefully with a contract this time.
- 15:31Speaker 1: Right, Oh yeah, everything was contracts. You know. Now, I
- 15:35Speaker 1: learned the American way. I'll still give you trust, i'll
- 15:38Speaker 1: give you respect, but if we're going to do something
- 15:41Speaker 1: business wise, you have to do a contract.
- 15:44Speaker 2: And yeah, there were contracts. But he made one critical
- 15:46Speaker 2: new addition to his team that made a big difference.
- 15:49Speaker 1: My wife says, whatever you're doing, we're doing it together.
- 15:53Speaker 1: And my wife came into the business and she became
- 15:56Speaker 1: the accountant whatever she wanted to be the resident, but
- 16:00Speaker 1: her being there, it will never happen again. Like now,
- 16:06Speaker 1: sky is the limit. We're going forward and it's thanks
- 16:09Speaker 1: to those moments that you live, that you go through
- 16:12Speaker 1: and not giving up ever giving up is continuing to push, push, push,
- 16:18Speaker 1: and being the best you can be today.
- 16:20Speaker 2: The auto firm and his tire brand of Orza, generate
- 16:23Speaker 2: twelve million dollars in sales every year, and collectively they
- 16:26Speaker 2: employ over forty staff members. The auto firm customizes over
- 16:30Speaker 2: a thousand cars a year, almost half of which Alex
- 16:33Speaker 2: says are for celebrity clients. But more importantly, he and
- 16:36Speaker 2: his wife Amy have retained full ownership of the company
- 16:39Speaker 2: and they plan to pass it on to their two sons.
- 16:41Speaker 1: One day, I built something, but now I get to
- 16:44Speaker 1: enjoy my family with it. I'm gonna keep doing what
- 16:47Speaker 1: I do. I'm not gonna stop. The drive is always
- 16:51Speaker 1: gonna live there. I wake up in the morning and
- 16:52Speaker 1: that's what I want to do.
- 16:59Speaker 3: That was juicy story. There's a lot to unpact there
- 17:03Speaker 3: and I'm really excited to get to it. But first,
- 17:05Speaker 3: and I don't think you know this about me, but
- 17:08Speaker 3: I'm kind of a car girl. You're not impressed by
- 17:10Speaker 3: fire coming out of a Lamborghini even.
- 17:12Speaker 2: Well, look, I'm in awe of what he builds, and
- 17:15Speaker 2: then I'll go back to driving my Honda a Cord.
- 17:17Speaker 3: At least you can acknowledge, as your non car self
- 17:20Speaker 3: that it is quite amazing what he did. And when
- 17:22Speaker 3: I think about the branding model that he put together,
- 17:25Speaker 3: where he's tying his own brand to other world class brands,
- 17:30Speaker 3: how brilliant Rolls, Royce, lambri all this.
- 17:33Speaker 2: Yeah, Alex clearly understands marketing and brands and how it works. Yeah,
- 17:38Speaker 2: and he understands that the best brands aren't built through
- 17:40Speaker 2: advertising dollars. They're built through word of mouth and reputation.
- 17:44Speaker 2: One of the things I tell my employees all the
- 17:45Speaker 2: time is that you don't create a brand. A brand
- 17:49Speaker 2: is a reflection of what you do anyway, and then
- 17:51Speaker 2: you get to take your megaphone and yell about that
- 17:53Speaker 2: brand that you have that your customers know you have
- 17:55Speaker 2: because you deliver it. And I think he figured out
- 17:58Speaker 2: a way to tie his brand that people already knew
- 18:01Speaker 2: about and attach it to the right megaphones with the
- 18:03Speaker 2: right associations in a way that really benefited his business. Oh, Yeah.
- 18:07Speaker 3: For him to have gotten this far and never paid
- 18:10Speaker 3: for advertising, that's huge. I mean, he's got all kinds
- 18:13Speaker 3: of credible people speaking to how wonderful his products and
- 18:16Speaker 3: services are. I really think he put together something amazing.
- 18:19Speaker 2: Well. I think a couple of things. One is he
- 18:21Speaker 2: understands his brand and what it stands.
- 18:23Speaker 3: For sure.
- 18:24Speaker 2: His brand is grounded in the product that he actually delivers.
- 18:28Speaker 2: And my products and experiences for my customers inspire passion
- 18:32Speaker 2: in them, and that creates a marketing engine in and
- 18:35Speaker 2: of itself. And then I take all of that and
- 18:37Speaker 2: I package it up and I put it next to
- 18:38Speaker 2: other brands that people love, and I'm off to the races.
- 18:41Speaker 3: Yeah.
- 18:41Speaker 2: And when you hear Alex talk about what he did
- 18:45Speaker 2: to this car or that car, he's talking about his brand.
- 18:49Speaker 2: And I see too often people talk about this is
- 18:51Speaker 2: my manufacturing or this is my product delivery. Then I
- 18:54Speaker 2: go think about marketing. No, no, no, he's not thinking
- 18:56Speaker 2: about them separately. They are one and the same.
- 18:58Speaker 3: Yeah, it's so cohesive of how he's done it all.
- 19:01Speaker 3: He did get some help, and I want to talk
- 19:03Speaker 3: about that like I'm a trusted advisor, I'm a lawyer, right,
- 19:06Speaker 3: And I want to stress how important it is as
- 19:09Speaker 3: a business owner to have advisors around you that you trust,
- 19:12Speaker 3: who understands you, who know how you do business. And
- 19:15Speaker 3: we got a chance here to see with Alex that
- 19:18Speaker 3: your advisor doesn't actually have to be just your lawyer.
- 19:21Speaker 3: In this case, it was his what.
- 19:23Speaker 2: Yeah, you have to have people you trust and that
- 19:25Speaker 2: can be your spouse, it can be your best friend,
- 19:27Speaker 2: it can be someone that works for you, it doesn't matter.
- 19:30Speaker 2: You have to have people you can rely on, and critically,
- 19:33Speaker 2: you have to have people who will challenge you. So
- 19:35Speaker 2: if all you have are people who are by your side,
- 19:38Speaker 2: who will tell you that every decision you ever make
- 19:40Speaker 2: is right and every thought you ever have is brilliant,
- 19:43Speaker 2: then you know there is no chance that your business
- 19:46Speaker 2: is going to grow and extend and take it to
- 19:48Speaker 2: the next level. It can't happen that way.
- 19:50Speaker 3: No, it can, because you can't grow the best version
- 19:53Speaker 3: of your business if you don't have people around you
- 19:55Speaker 3: who are willing to tell you the truth.
- 19:57Speaker 2: Seriously, I think the other thing that really comes through
- 19:59Speaker 2: is just how much this is not work for him.
- 20:02Speaker 2: This is his passion. If he couldn't get paid for anything,
- 20:04Speaker 2: he would still work on cars.
- 20:06Speaker 3: Yeah, and I like that he really spoke to how
- 20:08Speaker 3: critical the passion piece is. Now, of course, you know,
- 20:12Speaker 3: do what you love, but better pay right. But I
- 20:15Speaker 3: really like how he encourage people to pursue that which
- 20:18Speaker 3: really matters to them, and it doesn't necessarily have to
- 20:21Speaker 3: be the particular thing they're selling. It could be the
- 20:24Speaker 3: passion that they have in how they're doing business, you know,
- 20:27Speaker 3: because some people don't have passion for microchips or whatever
- 20:30Speaker 3: it is that they're selling, but they have passion for
- 20:31Speaker 3: the fact that they're selling and they're solving problems for people.
- 20:35Speaker 3: And I think that, you know, there's different ways to
- 20:38Speaker 3: foster that passion.
- 20:39Speaker 2: But I do see sometimes and I bet you do too,
- 20:41Speaker 2: that sometimes they have so much passion for the end
- 20:44Speaker 2: product of the business but less passion for running the
- 20:47Speaker 2: business and the enterprise and the business side of what
- 20:49Speaker 2: they do. Sounds like he's got a reasonable balance, But
- 20:51Speaker 2: I do hear quite a lot. You know, whatever it
- 20:53Speaker 2: is that you do. I didn't get into business to
- 20:56Speaker 2: run a business. I got into business to cook food
- 20:59Speaker 2: or to fix up or to do whatever. Yeah, I
- 21:01Speaker 2: don't like this whole business part of it sounds like
- 21:03Speaker 2: it sounds like he's learned some hard lessons in that regard,
- 21:07Speaker 2: but I see that all the time.
- 21:08Speaker 3: Yeah, And the key is it took him time too.
- 21:10Speaker 3: He didn't have all that figured out, which is why
- 21:12Speaker 3: Deal one didn't go well. Deal too kind of you know,
- 21:15Speaker 3: fell apart as well. But one thing that he said
- 21:18Speaker 3: was that he now has people who protect him. So
- 21:21Speaker 3: he put together the right team. But it took him
- 21:23Speaker 3: time too, and it takes some mistakes. Sometimes you get right,
- 21:27Speaker 3: sometimes you don't, and then you tweak right.
- 21:29Speaker 2: And I think it's important to recognize those inflection points
- 21:32Speaker 2: that happen with a business. Right, there's a point at
- 21:34Speaker 2: which it turns from just a passion to a business.
- 21:37Speaker 2: Then there's a point where it turns from a business
- 21:39Speaker 2: to a growing business that has risk that people are
- 21:42Speaker 2: going to be coming after from a competitive perspective, that
- 21:46Speaker 2: you know, the stakes start to go up. You know,
- 21:48Speaker 2: there's the kind of inflection point that happened to him
- 21:49Speaker 2: where something terrible happens. But then there's those other inflection points.
- 21:53Speaker 2: You may not know their inflection points until later.
- 21:55Speaker 3: You look back and say, ah, that was the moment.
- 21:58Speaker 2: Yeah, yeah, Tanya, I want to share one last part
- 22:01Speaker 2: of my interview with Alex that I think you're going
- 22:03Speaker 2: to really like. That speaks to what it is to
- 22:05Speaker 2: be unshakable.
- 22:06Speaker 3: Let's hear it.
- 22:08Speaker 2: So, Alex, you've told us your incredible story. There's a
- 22:11Speaker 2: lot of small business owners listening today who certainly want
- 22:15Speaker 2: to build their own version of what you've done. If
- 22:17Speaker 2: you could leave them with one piece of advice, what
- 22:19Speaker 2: would that be?
- 22:20Speaker 1: To not be afraid? And it requires money, as it does.
- 22:24Speaker 1: I had to sell a house to do it. If
- 22:25Speaker 1: you have to sell your house, if you have to
- 22:28Speaker 1: sell anything that you have to be able to build
- 22:30Speaker 1: a dream, take the risk and do whatever you have
- 22:33Speaker 1: to do to do what you love.
- 22:36Speaker 3: Well.
- 22:36Speaker 2: I can only imagine what's next for Alex. He's growing
- 22:39Speaker 2: like a weed. He's got a plan, his whole family's involved.
- 22:42Speaker 2: I think we're going to be seeing more of Alex.
- 22:44Speaker 1: Oh.
- 22:44Speaker 3: Yeah, it's going to be exciting to see what he
- 22:46Speaker 3: does next.
- 22:48Speaker 2: Thanks so much for listening to The Unshakables. If you
- 22:50Speaker 2: liked this episode, please rate and review it. It'll help
- 22:53Speaker 2: our show find more listeners. Next episode, we'll hear from
- 22:57Speaker 2: an entrepreneur who wanted to capture the feel of a
- 22:59Speaker 2: life Tino home through candles by finding a niche and
- 23:03Speaker 2: building a strong brand story CEO Melissa Gallardo sold Nostalgia
- 23:07Speaker 2: to major retailers all over the country. I'm Ben Walter
- 23:12Speaker 2: and this is the Unshakables from Chase for Business and
- 23:14Speaker 2: Ruby Studio from iHeartMedia.
- 23:17Speaker 1: Bmshakables is a production of Ruby Studio from iHeartMedia and
- 23:21Speaker 1: Wheelhouse DNA