cardude
Full time employment: Posting here.
- Joined
- Feb 21, 2006
- Messages
- 599
I haven't posted much lately, so I figured I would give 'yall an update.
For those of you who don't know, I owned a new car dealership for 20 years, and closed it down back in late 2008. We had hit our financial goal, the business was not fun any more, yadayadayada, so I hung it up.
After a couple of years of trying to figure out this ER deal, I've decided that I need to have something to "do", other than housework, yardwork, repairs, drinking beer, etc. I felt like I was losing some of my edge, or intelligence, or something. I don't know how to explain it really-- I guess I was just getting bored.
Sooooooooo, I have decided to open a smallish used lot (30-40 vehicles) in a good location with a couple of guys I've worked with before who are good car guys and trustworthy (or have been in the past anyway). They are going to get paid on net profit like owners, and I plan to be able to let them run it for extended periods of time when we are on vacations. I can watch the accounts remotely, and like I said I do trust them so I'm not overly worried about letting them run it. When I'm in town I expect to be at the lot or at the auction just 2-3 days a week. And while I'm looking forward to having a place to go where I can be productive, I know I don't want a full time "job". I will have to be careful with this because my natural inclination will have me there every day. The reason I got out of the car business back in 2008 was because I hated the new car business (dealing with the arrogant automakers), and I didn't like managing lots of employees anymore. This used car business will be super simple in comparison, with only the three of us, and my two guys will be paid as contract labor so very few HR-type issues should arise.
DW is retiring in May from her public school librarian job to focus on the kids-- one is going to HS next year and one to the big public JH, so she wants to do some "hovering" to make sure they are doing well. Plus, she says she wants to learn the car business, so she will help out with the title work and accounting and helping watch over the whole deal.
I'm a little embarrassed I couldn't figure the ER deal out any better than I did. I think it was just a little too early for me, or maybe I just need to be semi ERed. Anyway, I'll keep 'yall updated on how it goes.
For those of you who don't know, I owned a new car dealership for 20 years, and closed it down back in late 2008. We had hit our financial goal, the business was not fun any more, yadayadayada, so I hung it up.
After a couple of years of trying to figure out this ER deal, I've decided that I need to have something to "do", other than housework, yardwork, repairs, drinking beer, etc. I felt like I was losing some of my edge, or intelligence, or something. I don't know how to explain it really-- I guess I was just getting bored.
Sooooooooo, I have decided to open a smallish used lot (30-40 vehicles) in a good location with a couple of guys I've worked with before who are good car guys and trustworthy (or have been in the past anyway). They are going to get paid on net profit like owners, and I plan to be able to let them run it for extended periods of time when we are on vacations. I can watch the accounts remotely, and like I said I do trust them so I'm not overly worried about letting them run it. When I'm in town I expect to be at the lot or at the auction just 2-3 days a week. And while I'm looking forward to having a place to go where I can be productive, I know I don't want a full time "job". I will have to be careful with this because my natural inclination will have me there every day. The reason I got out of the car business back in 2008 was because I hated the new car business (dealing with the arrogant automakers), and I didn't like managing lots of employees anymore. This used car business will be super simple in comparison, with only the three of us, and my two guys will be paid as contract labor so very few HR-type issues should arise.
DW is retiring in May from her public school librarian job to focus on the kids-- one is going to HS next year and one to the big public JH, so she wants to do some "hovering" to make sure they are doing well. Plus, she says she wants to learn the car business, so she will help out with the title work and accounting and helping watch over the whole deal.
I'm a little embarrassed I couldn't figure the ER deal out any better than I did. I think it was just a little too early for me, or maybe I just need to be semi ERed. Anyway, I'll keep 'yall updated on how it goes.