#34 Secrets to successful dealership acquisitions, Tools for wealth creation, Industry trends he’s bullish on, Profiting $10M on Tesla stock | Daniel Crainic, Owner of Time Auto Group

In this episode, I'm speaking with Daniel Crainic, CEO of Time Auto Group

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Topics:
(00:00:00) - Intro
(00:02:43) - Daniel’s journey into the industry
(00:07:55) - Growing from 1 to 7 lots
(00:09:51) - Acquiring real estate
(00:13:35) - Marketing tricks
(00:15:04) - Financing through Tesla stock
(00:19:00) - Balancing family and work
(00:20:16) - Delegation
(00:21:23) - Dan’s first acquisition & moving into the franchise model
(00:29:32) - The turnaround playbook
(00:31:01) - Mentors
(00:34:37) - Incentivizing General Managers
(00:36:41) - Creating wealth in this business
(00:44:20) - Biggest challenges
(00:47:08) - Rebates, acquiring inventory, and technology
(00:54:39) - What are you bullish on in the industry
(00:58:49) - How to get in touch

Check out Time Auto Group here

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Email Dan at Daniel@TimeAuto.com

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This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.