Put it behind you and move forward I appreciate Your honesty and details Good things are coming your way
@fernando_h_0012 жыл бұрын
Tony thank you so much for the support and positive comment! I will continue to do the best I can and thank you for watching my video!
@Koko_Sam Жыл бұрын
I help run a family business here in the outskirts of Los Angeles. I'm 46 years old and have been mounting and fixing tires since i was 12 years old. I've had the luck of working with all types of machines as technology evolved. We live in such a blessing of a country, where you don't need an education to open up a business.......but an education helps. There is a huge difference between opening a business and knowing about business. The latter which is affecting me in regards to my competition. My grandfather told my dad, that to open your own business in the US means to work hard and live well. It was a major stepping stone to living an upper middle class life. Today I find that majority of my competition are Hispanic (as I am), that barely speak english and know nothing about overhead, inflation, or hourly rate. They live in their business, charge cheap and conformed to owning a business to make ends meet than to make a profit. Yet, they think they're successful entrepreneurs simply because of the psychology of not having to work for someone else; when they'd be better off financially if they did. I have a $14,000 dismount machine, $3,000 shop compressor, $700 impact gun, $400 shop jack. That's $18,000 dollars in equipment needed to do a flat repair, keeping in mind that the equipment does not work itself so the LABOR factor isn't even included in the total. I charge $30 for a flat repair and people BITCH that i'm too expensive, that the guy down the street does it for $10-$15 dollars. LOL. Some people even say, "I came down here to shop around and see if by any chance you were cheaper" (Cheaper than $15). $15, heck, $25 won't even get you parking at Disneyland. My point is for all you future entrepreneurs, is to know your market, set your prices based on what you are investing, and instead of lowering your prices/worth to gain a customer, give him something that your nearest competitors are not. For all my spanish speaking entrepreneurs....especially from mexican decent like me, "Mientras caiga para papa" is a philosophy that does not belong in a self employed environment. Better to work for someone else than ruin business for you and those around you.
@normalgaming2326 Жыл бұрын
Glad I only pay $5 . Used tire cost me $30. No recap. Rubidoux, CA .
@Joetv86 Жыл бұрын
Daaamm bro that was a good comment I want to start a tire shop I’m Mexican and I understand wat u mean lol about acting like a boss rather than being a boss lol mandame mensaje viejon
@nassersamano5144 Жыл бұрын
@@normalgaming2326 $5 won't buy a gallon of gas. Used tires from a used tire recycling distributor average out at $15-$18 per unit cost to me. I'm not going to mount and balance a tire for $15 profit not including tire disposal.
@spanionneo9 ай бұрын
If you're charging $30 for a patch, you're undercharging. If you're Charging $30 for a plug, you're overcharging. Most customers don't know the difference and are shopping for a plug. Around me and most of the country, a plug is for $15. ( even though a plug is not recommended, some people still want it.) Any industry that has a low barrier to entry will experience compensation stagnation and high turnover rate. Auto Repair i probably the worst business model you can get into. Most of these poor neighborhood shops are poorly run and owners are usually making less than if they were an employee elsewhere. Like you mentioned, it's ignorance of business. But it won't change in our life time. You're better off carving a niche for yourself where there's less competition for the dollar.
@pee1964 ай бұрын
it's all business.. been cheap takes you no were
@kendalneely3241Ай бұрын
Great video ! Thanks for your honesty 🙏🏼
@fernando_h_001Ай бұрын
Thanks for the comment Kendal, it means a lot
@ruwanmarie706 Жыл бұрын
I just found your tyreshop video and so happy about you, suddenly this video popup, so sad..but it was a good lesson . Still like your video ...wish you a success future .❤️
@fernando_h_001 Жыл бұрын
Thank you, for the positive energy! Thanks for watching!
@joeishere5002 жыл бұрын
THERE YOU HAVE IT BOYS / GIRLS,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Look at the cost of that rent $7000 is insane !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
@fernando_h_001 Жыл бұрын
Indeed $7K is very expensive!
@Joetv86 Жыл бұрын
I would of divided the rental cost with some one else or sub rent the whole building for profit
@thomasfrancis5747 Жыл бұрын
I'm sorry but these are fundamental errors down to a lack of planning/attention to detail. Also used tyres can be a minefield - selling potentially dangerous product, eg hidden sidewall damage, poor quality from unproven/here today and gone tomorrow manufacturers, or products not carrying approvals for your country, can leave you wide open to highly expensive legal claims.
@fernando_h_001 Жыл бұрын
Hello Thomas, I agree, I think that there is however a market for used tires and typically people buying used tires are really people who won't be able to afford anything else. But It is still risky and best to just focus more on new tires or structure the business in a way where you are at least legally protected. Thanks for the feedback.
@Ryan-bh3mh2 жыл бұрын
My family started a business tire like 15 years ago and once he tried to expand his shop he had three tire shops but unfortunately one had a shut down because a many people don’t went to work. Oh they’re just there looking around trying to see how you do all moves. All I’m saying man is to keep your head up and always watch your moves and make sure other people aint watching
@fernando_h_0012 жыл бұрын
Ryan thank you first of all for watching my videos and for your positive comment, Will definitely keep my head up and try to learn from the mistakes. Thank you for the support!
@sergiomiranda1497 Жыл бұрын
There is no shame in closing down, you learn and move on.👍
@fernando_h_001 Жыл бұрын
Thanks Sergio, I agree you Live to Learn so that you can truly learn to live.
@Ryan-bh3mh2 жыл бұрын
Yeah at least you learn from your mistakes. honestly what you doing makes money you just have to be at it you can just walk away and do other things because people will take a bandage like you said you have a family business and they try to support you for a own business but like you said rule number one never do partnerships is the worst thing ever. You just have to find the right spot and trust me you will make a lot of money but the thing is is a lot of hours but if you the owner you will make more money than your employees.
@fernando_h_0012 жыл бұрын
Thank you for the support and feedback on your own experience! it is always great to hear from another point of view. Thank you for watching my videos!
@JohnJohn-hu6vh11 ай бұрын
I just open and love it, my own shop, enjoying life❤️❤️❤️
@fernando_h_00110 ай бұрын
Love that!
@Jody-cg8pb7 ай бұрын
Where can u get used tires I’m tryna open my own
@alr9170 Жыл бұрын
I'm thinking about opening a tire shop. On average, what sizes of tires should you always have in your shop?
@fernando_h_001 Жыл бұрын
I have a Video coming up today about this but its 205/55/16 , 225/65/17, 215/55/17 just to name a few and every market is different
@BrotherJuke7 ай бұрын
Hey I want to open my own shop and know I can run a successful tire shop, I need the capital to start I got everything else figured out.
@physicalivan4 ай бұрын
the landlord cheated on everyone. he wanted easy money, doesn't know about opening/running a business, and would steal the tire shop from you if profits were higher.
@Editnamehere Жыл бұрын
Good experience people can learn from. Remember there’s no such thing as free lunch.
@fernando_h_001 Жыл бұрын
Thanks for watching! And yes absolutely, i agree with this 100%
@dingavg2221Ай бұрын
thanks for the video, i think i learn from you
@fernando_h_00127 күн бұрын
thank YOU for watching!🙌
@Sharevidks112 жыл бұрын
thanks for the honesty
@fernando_h_0012 жыл бұрын
Thank you for the support watching my videos! Yes I am always sharing my experiences whether they are good or bad but always honest
@mohammedgoda13743 ай бұрын
Plz can you tell me where you get the use tires from ?
@fernando_h_0012 ай бұрын
Hello, I get them from a place called Lunas Inc in las vegas and liberty tire.
@officialkreps8 ай бұрын
my business crashed just as it was getting going. pick ur partner wiseley before throwing 10s of thousands at a project. you are investing in the person to be on your level and have the same drive.
@Yordany6172 жыл бұрын
Hola Amigo, I am in the wheel and tire industry and my dream is to start and run my own tire shop and I am subscribing to you. Thank you!
@fernando_h_0012 жыл бұрын
Welcome aboard! Thank you for watching my video!
@audreyfk526711 ай бұрын
Hi if I may ask.. what city was the shop in?
@fernando_h_00110 ай бұрын
This was in Las Vegas NV
@noelibarra39032 жыл бұрын
Buenos Días Amigo vivo en Texas Pero me stare moviendo para Las Vegas en un año y quisiera comenzar un negocio de road service tire service Es buen negocio en Las Vegas? Gracias
@fernando_h_0012 жыл бұрын
Hola Noel, gracias por ver mis videos, respecto a tu pregunta, como todos los mercados, hay mucha oportunidad, y Las vegas esta creciendo mucho, no mas que si es un poco competitivo, pero si le pones las ganas y el trabajo (inteligente) te puede ir bien!
@willbreaker2196 Жыл бұрын
I want to start with semi-truck tires Maybe a movil operation
@fernando_h_001 Жыл бұрын
Good money, for sure, make sure you are well trained to prevent any injuries.
@bigbrotherinlife16542 жыл бұрын
Do you mentor or have a course on how to start a tire business
@fernando_h_0012 жыл бұрын
Good afternoon for the moment I do not but I am considering it for the future, you can reach out to me via www.fernandoherrera.org/ Thank you for watching my videos!
@1samharris Жыл бұрын
Please how do you pick your suppliers?
@fernando_h_001 Жыл бұрын
You just honestly pick the one that gives you the best price, and the best service or service you are looking for.
@davidgarcia6895 Жыл бұрын
Where can I buy Retail tires to start a shop
@fernando_h_001 Жыл бұрын
There are several tire distributors, check this video out: kzbin.info/www/bejne/aYeZgZVsr7icl80
@ozzayyyy Жыл бұрын
yooo, cuanto cuesta para abrir una llantera?
@fernando_h_001 Жыл бұрын
Hola Ozie, entre unos $50,000 - $150,000 dependiendo que maquinaria y equipo, quiere empezar. Aqui hay un video donde hablo mas a detalle eso. kzbin.info/www/bejne/mYG4d5qXos98gaM
@richarddelgadoownerofrdtru248010 ай бұрын
Hello Fernando how I can reach you for
@fernando_h_0018 ай бұрын
Hello, thanks for watching, feel free to email me at fernandoh@tirebase.io
@asiesmivida48632 жыл бұрын
Amigazo!! Yo también empece mi propio proyecto de llantas,. Pero más mi enfoque es el roadside services., car tires, Semi's Tires, gas delivery y más., #jfroadservices
@fernando_h_0012 жыл бұрын
Hola Que bien! l Gracias por ver mis videos. Si ay alguna sujerencia de video dejemelo saber
@Joetv86 Жыл бұрын
Bro mandame message
@jollyroger54642 жыл бұрын
Does your $6K out of pocket loss include the FMV of the tire machines you gave to the landlord?
@fernando_h_0012 жыл бұрын
Good afternoon, Yes the tire machine that was given. Thank you for watching my videos!
@kenh-muabankyguiusatovn8598 Жыл бұрын
hi if u selling the mobile van,,can u sell it to me? i wanna do mobile in houston, busines is good over here,,,im vietnamese live in houston,,,i have connection in vietnam,,,,also im a truck driver over here,,,,,wanna do something side job part time,,,, ,love your video,,,
@fernando_h_001 Жыл бұрын
Hello thanks for watching, unfortunately we sold the van to a person in Phoenix. Best of luck in your ventures.
@LAMamba6262 жыл бұрын
Fernando what’s up this is LA Mamba from SoCal hit me up
@niklaasvisser63972 жыл бұрын
Hit him up! LA Mamba actually helped me get started with my tire shop through his videos and we are thriving!
@fernando_h_0012 жыл бұрын
Hello La Mamba, hopefully you are going to SEMA this year we can meet there!
@barcabrothers9098 Жыл бұрын
The land lord is charging $7k for that store?? It looks more like $2k a month to me.
@fernando_h_001 Жыл бұрын
Haha I know it was a pretty big rent, but luckily got out of there in time.
@nayibbukelevatochingon24382 жыл бұрын
ANIMO. AMIGO. TU. PUEDES. YOU CAN DO IT. BRO.
@fernando_h_0012 жыл бұрын
Gracias por el apoyo viendo los videos y tu comentario positivo!
@conservativepersonnel84589 ай бұрын
Got a 7k a month lot, partnered with a bunch of people, put a tire shop right next to another legit one. Come on! No Sympathy ma boy.
@fernando_h_0019 ай бұрын
Haha yes lesson learned!
@fernandofreire9796 Жыл бұрын
Hola ! Tienes videos en español?
@fernando_h_001 Жыл бұрын
Hola, por el momento, no, pero ojala y pronto. !
@alfonzovaca55292 жыл бұрын
What are the licenses you need to start a tire shop business?
@fernando_h_0012 жыл бұрын
Hey Alfonzo thank you for watching my videos! You know It does change depending the state and city I am sure, I would suggest you looking into the local guidelines.
@alfonzovaca55292 жыл бұрын
@@fernando_h_001 that is bro your big help and bless your businesses
@chrisgoosebrooks63811 ай бұрын
To many hands in the pot and bad location
@fernando_h_00110 ай бұрын
Lesson learned. Thanks for watching!
@luisrodriguez7684 ай бұрын
8k ?
@fernando_h_0012 ай бұрын
It could have been worst no?
@unknowndriver66525 ай бұрын
What are you doing now?
@fernando_h_0012 ай бұрын
I was sad.. or I was reading off my notes (script).