Crazy first month. Forced to change our business plan

Starting any new business is hard and comes with challenges. Our first month in business was absolutely CRAZY. After some new lessoned learned we are forced to change our business plan.
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I am the owner of Mike's Car Store In Georgetown, In. We sell used cars near Louisville Ky and ship nationwide. we look forward to helping you. mikescarstore.com
Buying a Car Doesn't Have to Suck™

[@faultyframes]

You’re in over your head. You left something amazing to “be your own boss”. Sometimes things are not better this way.

[@jordinmiller5695]

I like finding out the true story of the vehicle. The ding and dents tell a story of the vehicle.

[@danvain]

After attempting to make a deal with a local dealership (complete failure) this past week, I'm mulling over the possibility of having @Chevy Dude find a car that meets my specs. I'm six hours away in Wisconsin but having zero hassle would certainly make it worth my time to go pick up a car from them and drop off my trade-in.

[@ChevyDude]

We can find you a car. You can find my form "Car Grabber Interest" at: form.jotform.com/213493392369162

[@korsinacademy]

Hey Mike!! That is the sweetest thing ever that you guys framed our pic! So AWESOME 😁🤣 You guys are great!

[@davidhorne2326]

You picked a helluva time to go in to the car business! Best wishes!

[@why5242]

Man, the day he opens up a chevy dealership is the day I put in my job application and moving to wherever he opens it lol.

[@Andrew-zs5tc]

Mike, As a CPA, my question to you is: What is your competitive advantage and how are you maximizing on that. It appears to me that your current model is to be a standard small local used car lot and your advantage is that you are a nice guy. I propose that you figure out how you can focus your business around how you are unique. You have 420,000 KZbin Subscribers and have established a reputation with that customer base. As an example, you could have a business model where you search for the best Corvettes for regional or even national customers. With your knowledge of Corvettes, buying a car from you would be safer than buying from the average local car lot. People would be willing to pay extra for the increased level of assurance. You have numerous competitive disadvantages such as not being able to buy inventory at the prices that larger more established competitors are able to negotiate. A plan that maximizes on your advantages can offset the disadvantages.

[@ChevyDude]

I do have a mechanic and anything under 100k miles we do A 172 point inspection on.

[@stackenali7059]

Good ole business 101: Perform a S.W.O.T. analysis.

[@jgill1175]

Unfortunately your right that most dealers do fall into the trap of all the extra crap. My local Toyota dealer is like this. 3 times I’ve tried to deal with them, twice I got up and walked out, 3rd go round signed all the paperwork, brought the car home only to discover multiple things including no signed RISC. Drove it back the next morning and handed them the keys. We have a local independent dealer here, and it was no fuss 30 mins in and out. I think Mike & Mrs Chevy Dude will do just fine. I will be on the hunt for a lightly used WRX this spring, and will let them have a shot at it.

[@common_c3nts]

@@jgill1175 My friend bought a new WRX 6 months ago and the OEM dealership is offering to buy it back $5K over what he paid at retail. He is debating about it.

[@edhcb9359]

@@ChevyDude That’s not a competitive advantage.

[@KevinHunter]

I absolutely agree. Buying a Car doesn't have to suck. Unfortunately, most dealers trip over themselves making sure that it does suck. Business is always full of challenges, but you definitely picked the most difficult time the car business has seen in years to give this a shot. As you're well aware, honesty is the best policy, and treating people with respect isn't hard to do. Keep that up, and you'll be just fine! The best of luck to you in this new venture!

[@LouisonAutomotive]

My dealership on Weston rd. in Canada has just as much cop every day, but the community is awesome, they also keep their eyes on shop when I am not around.

[@patrickwatson5276]

$15k Corvettes are plentiful and sell quickly. Keep the videos coming and hoping for huge success for you kids.

[@StephenPHall]

As a former air con installer, it looks like your air con outlets in the ceiling have black gunk on them, which is typical as people rarely change the filters or clean the heating/cooling coils in their air conditioners. This is a breeding ground for bacteria and can make people sick (and smells pretty rowdy too) so I recommend having your air con serviced. All the best with the new business.

[@burtronomaniac]

Lightstream is awesome , financed our unground pool and a car , great rate and easy to deal with

[@whatup5865]

never met you guys but seem so honest ! You will succeed!!

[@AngelOrtiz-hf4ol]

My dad opened an independent dealership like you guys 4 years ago,and we did the same thing. He sold his personal truck and my car in the beginning to turn that into more inventory. Definitely see a lot of beginner mistakes that you guys did that we did too. There’s Always something new to learn and hope you guys do great!

[@Khaab00]

“Emotional Damage!” That came out of nowhere. Now I know the KZbin algorithm is working overtime when completely random channels I watch are also watching each other. I knew I liked you for a reason.

[@RadggsAutomotive]

Congratulations again, had a few first in the new year. Being an entrepreneur ain't easy and having a Mrs Chevy Dude to compliment your business, what a blessing! Where's your wall of praise, awards, certificates, & license? 30 years ago I had to sell my L-82 4spd convertible, when I bought my gas station. God-speed

[@corbinlawnlandscaping9668]

So glad i found this channel.

[@tomroberson5040]

Hope you both have your dreams come true

[@nickcivic21]

Following this so much more after learning of your leap of faith!!!

[@jasonreichert7849]

Mike, your work on improving car buying education is great. Keep up the good work.

[@frankkerze9608]

Good thing your mom is helping you in your business plan and is being there 24 x 7 to assist.

[@sallicio]

Mike, you and Mrs. Chevy Dude are so awesome! I’ve been following you for over a year. I’m in Florida, but If I were in your area, I would come by and donate my time to help you do busy work or whatever you needed to be done! I really mean that! My whole family is rooting for yall!

[@robsdeviceunknown]

That's his WIFE? Dang I thought it was his Mom.

[@MrHomeland]

Congrats on your first month. I am proud for you both and wish you continued success. God bless your business and God bless you both, Mr. Animal.

[@earronroberts7658]

I really enjoy you and your wife's in interactions! Good luck to you guys....

[@P4SDetails]

Love the transparent update my bru!

[@cambrebet3v361]

Loved the video . It's truly nice to see a salesman be honest and upfront

[@L3Harris]

Love seeing a couple whose relationship gets stronger through working together rather than strained!

[@ray31129]

Wishing you both much success! Grow your business, save some invest some and the luxuries of your hard work will come.

[@GD15555]

Thank you!

[@btidinky]

Glad to hear the freedom in your voice! Best of luck, will buy something in the future for sure.

[@marcohernandez2515]

Hi 👋 Mike thank you 🙏 for sharing your knowledge! I’m from Southern California been your follower 2 years, I’m a truck driver in Midwest! Wishing you the very best of success all across God Bless you 👍

[@232fezz]

Can't stress enough how transparency will make your business grow. I came across your videos several months ago and really enjoy watching, and even more so "learning" about car dealerships and what to expect when purchasing a vehicle. I, unlike my wife :-), really enjoy speaking with the salesperson(s) and "working" through the numbers until we either reach a deal or don't. The only time I walked out of a dealership was due to a bad experience with an arrogant salesperson and a managerial staff member that spoke to me like I was stupid. Since then, I began doing my own research ahead of time and discovered how fun the "haggling" aspect can be :-). For example, I was able to show the salesperson things on a Jeep Rubicon that he did not know, again, you have to do your research. You may want to mention to your viewers that there is a big difference between "needing" a vehicle and "wanting" a vehicle. Some dealerships will use this to their advantage, which just isn't right. On a lighter note, I recently purchased a 2021 Trailboss LT and used the knowledge I learned from your videos to seal the deal. I wish you and your wife the best, YOU deserve it! Stay safe from Mid-Missouri. Fezz

[@vancecost]

Mike I wish you nothing but the best. I live in Mobile Alabama and I worked for a Chevy Dealership that didn’t charge all those hidden fees. This was in the late late 60’s until I left in the 80’s. He the owner was getting to the age that he just wanted to live what years he had left without the headache and his two sons didn’t want to take over the business. I have watched you for years. I honestly believe Mike that one day you will have your own Dealership and that you will make sure your customers are treated fairly. Just keep plugging away. And thanks for your videos. I wish you and your wife nothing but the very best in life and may God Bless you both.

[@jaya.0069]

I Live in Mobile also and know the dealer you speak of.

[@grantjim1054]

good luck with your store. I own a flight school since 1998 the growing pains can be enormous.

[@seiyakawashima]

Hey Mike, you are very lucky to have the best business partner for the dealership right next to you. That's nice. Thank you for your time on this update.

[@ChrisFromFloriduh]

Wishing you the best, Mike. I plan to do business with you sometime in the next year.

[@onemorething100]

You took a great risk starting a new Business but it's the American dream. I wish nothing but the best for you and your family and hope it pays off in the end. Your suggestions really helped me. I'm in the process of buying a new car as we speak. Take care and good luck to you.

[@jacobdelgado8146]

I'm working on building my credit and I'm saving money for a down payment but as soon as my financial plan is finished and I'm where I want to be you definitely have my business!!

[@hjc5458]

Mike, I definitely give you a call when I'm serious about my next vehicle.

[@Bigdog-uf5qw]

Wishing you guys the best of luck.

[@wallebo]

Loving the enthusiasm!

[@nickcivic21]

Love the car finding SERVICE!!!! I will contact for that!!!

[@tx_mountaineer8203]

Congratulations on the 1st sale. December 18th is my anniversary and birthday. Looking forward to seeing more sales.

[@seanryan2616]

I love it you guy! Wish you guys much success

[@othelwilson9351]

I really enjoy your videos and honesty on the car business I really hope you succeed.

[@billstreber5194]

Congratulations and good luck Mike on your journey I was a small dealership used cars for about 25 years before I retired it can be both interesting and satisfying and profitable and I used to work out of a state that is really difficult and have strict laws from the DMV Good old New York I wish someday I could sit down and talk with you I think it would be very interesting why don't you try doing a live I would love to get in on that

[@bfg9000d1]

Chevy Dude I would really get in touch with Bill... Anybody that has put 25 years in the industry can give you insights that can prove really helpful and further your chances of success.

[@shawnmckenzie1786]

Very happy that things are coming around for you. Keep up the good work.

[@alainpc23]

Man, I love the honesty and effort you put into making these videos. If I were living close by you would have my business. Congrats and more power with the new biz! 🙏

[@LostCauseRanch]

Just don’t go too far down that rabbit hole of giving up the things that enjoy and part of the reason you went into the business. Took me 10 years of that in my business to wake up and wonder what I did. It’s not a bad move to sell the Corvettes to secure the business’s future just don’t get into the regularity of doing that with your assets and especially your time. Wishing you guys all the best from an independent dealer that is stepping back and focusing on more enjoyment after 15 years. It is an extreme amount of work to run a upstanding and honest used dealership with the bad stigma around them. Glad you guys are chasing a dream.

[@kcimages5157]

Bachman is sounding pretty good again !

[@MANSHED]

Love the content and hearing everything that’s gone down. Just getting started Bro.

[@johnconnors5123]

Mike wish you the best, car market is tough with covid still around .

[@mikewieltschnig5230]

Mike,you have a big showroom,put a slider in and put a unit on your floor.

[@rcp6192]

Good luck! It’s a tough start. I’ve been there as a former business owner.

[@petermount4752]

I commend you. You've found a unique angle on channel content. kudos

[@conniestevens79]

Need more people like you. I started watching you last year and I've learned so much. It's too bad I live in California I would definitely buy a car from you.

[@johnclifford7654]

You need a Curio with a collection of Diecast Corvettes adorning the shelves!

[@dowdyr]

Mike, I am sad to hear your selling the the C8 also. I did see on the web for your dealership the C7 is selling also. I am guessing you are wanting more capital for the business. Like many others what drew me to you was Corvette and your experience with that car. I do hope everything works out for you and the business. Hopefully in a few months you can find me a C7 ZO6, you will be my first stop. I want to help with the first 100 car sales. 🇺🇸

[@adamyagaloff8297]

Good luck chevy dude!

[@gwillis01]

An entrepreneur is a person who will work 80 hours a week for their own company to avoid working 40 hours a week for someone else

[@ramramos5373]

Like the honesty and a conversation Also very informative

[@ramirorabagojr5238]

Keep the faith, you will succeed love your videos.

[@propbender2]

I kind of assumed that you would become THE PREMIER Corvette Store!~ But you have a lot of time.....Keep it up!

[@jeffthomson1777]

Keep at it that Chevy dealership will soon be a reality

[@jcr57rt]

Good luck with the biz guys!!

[@21scatpack46]

I absolutely love how transparent you and your wife are. The energy you both have and how it plays off of each other will help you get through the small bumps into he road. Just know you have a virtual brutha cheering you and the Mrs. on as I know you both will be successful.

[@hernandopizarro755]

Great video! Congrats on the 30 days!

[@Silver-oq1lv]

Been watching your videos for quite awhile now. Thank you for all that you do to help us all out. Blessings on your new journey. Would love to be your Detailing guy.

[@larrybridgers1823]

Now the c8 is the channel car and I don't remember a subscriber meeting to discuss this selling of the car. You said we were getting in to racing. I'm a little butt hurt if you cant tell. But don't worry about us and all the little kids you inspire. Just playing I understand but we work towards you sponsoring your race team. As always much love and God bless.

[@dj1698]

KEEP THE VIDEOS COMING MIKE!!

[@myselfalex]

The converter theft is nuts in my town, they'll get them in broad daylight in restaurant parking lots right in front of places even.

[@TaylorZ2]

Love your socks! You must love the autonomy of your own dealership, even though it's stressful it must be better than working for a franchised dealer. I understand Bachman had to do what they had to do, but I bet they lost a damned good, loyal salesman and good salesman are very hard to come by.

[@JF-rz3rh]

Randomly found you a couple months ago when I was researching cars on you tube.. Long story short, I had a 2013 Equinox and ended up getting a 2022 Blazer. I have gained a ton of knowledge and confidence over the years when it comes to buying/shopping for a car.. However I still had anxiety and a tad bit of stress in the process.. They ended up getting me on a couple $500 bs add ons I don't want or need... But anyways.. Love watching you as buying a car and the process is still not my favorite thing to do😛😴

[@joshuarosenberg9497]

The financial part of this is tough was involved with my family’s dealership for 20 years we were in buisness 47 years . Finance is one of the toughest things

[@johnsteger]

Congratulations 🎉 on the jump head first into your own dealership

[@RobertCiampa9112]

Just a suggestion; New Ceiling tiles and LED lights would make a world of difference The wife and I did it ourselves in about a weekend (: Cheers!

[@TmacTruth]

I lost it on the emotional damage. Keep it up mike!

[@fredcarroll5859]

Decorate the office with blown up pages from vintage manufacturer pamphlets (remember those?) from the 60’s & 70’s. Like the 1977 line of Ford wagons, 1962 Chevy trucks, etc.

[@bertlane5214]

We love the chevy dude family

[@garrygraves8691]

Excellent video, enjoyed you both...Sending best wishes for your success now and for getting your own Chevy store in the future....

[@chrisabreedapartnyhc5337]

Best of luck!!I enjoy your vids and as a fairly new business owner of 5yrs myself I know how much of a risk it is but my theory is you get what you give and you seem like you give a lot so you guys will probably do great!

[@chrissiano381]

I hope your business is successful, and it does not hurt you financially..

[@timraber6575]

In 2010 I was looking for a SUV. I found a 2006 Saturn Vue coming off a lease to a bank. Romain in Evansville IN had it listed had it listed several thousand below market. It had several dents, but the mileage was low. I put money down before I even laid eyes on it. The dealer replaced bad tires, and wrote a personal check to make the car ours. I fixed some small mechanical problems and put over 150,000 miles on it over the next 8 years.I never fixed the dents. I did get maintenance done when needed. This has always been my strategy when purchasing family cars.And I hate the car buying process. I have purchased several cars from dealers and never found the dance enjoyable. Good luck getting your business off the ground.

[@adanbadillo7171]

When you talked about not talking to stupid people all day at work it hit the nail on the head sir i recently became a business owner and I can totally relate to your perception on that. Working for myself means getting the chance to choose who to have around me.

[@matttheratt]

I wish you luck in your new ventures, although you mentioned something that I never understood some businesses do. In your business, I assume you require income to qualify for purchases. Why do you have your operating hours the same as the working hours of most of your customers (you mentioned leaving at 5PM). Why not modify your hours to stay open until 7 or 8 to bring in those customers that are working during your business hours?

[@danniealcooper970]

I've been running my used car lot for 3 years now. I run it by myself. Buying inventory(hopefully good quality), selling, title work, all the ins and outs of running this business. The market right now is not the greatest as far as finding inventory. Your videos are extremely helpful and entertaining! I try to keep 25 vehicles in my inventory at all times. Hoping to sell a minimum of 12 units each month. Any advice on picking up quality used vehicles?

[@thegreek8962]

Good for you guys

[@johnhanselman6371]

Decorating your office with art work or having a fish aquarium is a happy upgrade. * Bare walls look like an police interrogation room.

[@daveginri]

More of the Mrs.!! Mike been following you are for couple now and happy to see you do your own thing and share your story. I'm glad to see Mrs. Chevy dude as she is a big part of your new business.

[@propbender2]

How about One wall with photos of cars & buyers, another wall with cars & boats (yea, why no boats?), and the other 2 walls with posters of corvettes and other favorite cars and celebrities!!!... you could also cover one wall with old license plates!...

[@pilothouseking]

Great area. Here’s something I’ve noticed is the correlation between telephone poles, exposed wires and high crime. You don’t have that in places where the lines are buried.

[@Ted_E_Bear]

Great video thanks for sharing the video !

[@hotrow69]

I really enjoy all of your content Mike you seem like your the real deal by that I mean you seem very honest. Just from looking at this from the outside when you were still at the big box dealership you seemed to always be killing it month after month. After watching today you mmm it looks like you guys are having to sell off your dream cars and are somewhat cash strapped in your own words. With the economy like it is maybe it’s just not the best time to go into debt to get into the car business where you are even more stressed. Just my 2 bits keep up the awesome content Mike we really enjoy it.

[@TheSlugger76]

Bumps bumps your learning keep going you will be good

[@peterfrancisco5753]

You guys are awesome/amazing..

[@jimrokfish]

Congrats my Dude

[@Wire-Free]

Continued success

[@David-ql1hd]

Nice video. Funny thing is 25% of your current inventory is Corvettes 🙂

[@thomasd4835]

A Baptism into the car business.

[@Astrand1]

Love the update guys! Happy for you both. 👍

[@bfg9000d1]

Financially you need to have a stopping point. If you got to start mortgaging into your home. You need to rethink the whole operation. I would not be really relaxed on dents and dings. This can raise huge red flags for a lot of people. Try to get to know a good PDR guy in town, that will offer you discounts by bringing regular work to him. Numerous years ago I worked for a private car rental place. The vehicles that were getting old we would sell-off. The PDR guy would come in do his magic and did amazing work and gave us an amazing price for all the work he did. In the end, we had no trouble selling the vehicles.