Mind Wrench Podcast
Welcome to The Mind-Wrench Podcast, your go-to resource for personal and professional development in the automotive repair industry. Discover effective strategies to elevate your life to the next level, applicable not just for auto professionals, but for anyone seeking personal growth. Join our knowledgeable host, industry veteran Rick Selover, as he imparts practical insights on mindset, self-improvement, and leadership, enabling you to run a thriving shop and lead a more fulfilling life. Tune in every Monday to expand your horizons. For additional information, connect with Rick on Instagram @rick_selover, become part of the vibrant CollisionMasterMind Facebook Group, or visit rickselover.com for additional information and resources.
Mind Wrench Podcast
Episode #176- Navigating the Future of Collision Repair- w/ Cole Strandberg
Show Notes:
Is the collision repair industry on the brink of a revolution?
What could be the best options for you to capitalize on right now?
Are you looking to stay ahead of the curve in this tidal wave of transformation in our industry?
Join us this week, with Cole Strandberg, principal at Focus Investment Bankers and host of the Collision Vision podcast, as he shares his expertise on the industry's future, the importance of adaptability, and learning about strategic growth while working his family’s distributor business. This episode is a treasure trove of lessons for shop owners and industry professionals aiming to stay ahead of the curve.
Discover how private equity is making waves in the automotive aftermarket sector, busting myths about its profitability. Cole's experiences and perspectives offer valuable insights into why now the perfect time for collision repair shop owners to become more professional and financially savvy.
We also shared our perspectives on the evolving role of distributors, how they have transitioned from nuisances to essential partners. For shop owners nearing retirement, we discuss strategic options such as selling their business, scaling operations, or specializing in niche markets. Cole's insights into the best paths for maximizing business value and long-term success are invaluable. Whether you're an entrepreneur looking to expand or a shop owner wanting to adapt, this episode provides a comprehensive guide to navigating the future of the collision repair industry.
Guest Info: Cole Strandberg – Principle -Focus Investment Bankers
Email: cole.strandberg@focusbankers.com
Website: http://www.focusbankers.com
LinkedIn: https://www.linkedin.com/in/colestrandberg/
Podcast (YouTube): https://www.youtube.com/@Autobody_News/podcasts
Collision Vision Podcast on Apple: https://tinyurl.com/y822bnuw
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