Episode 133 - Matt Lachowitzer on Treating Business as Business

About this episode

Don't get to the end of this year wishing you had taken action to change your business and your life.Click here to schedule a free discovery call for your business: https://geni.us/IFORABEShop-Ware gives you the tools to provide your shop with everything needed to become optimally profitable.Click here to schedule a free demo: https://info.shop-ware.com/profitabilityUtilize the fastest and easiest way to look up and order parts and tires with PartsTech absolutely free.Click here to get started: https://geni.us/PartsTechTransform your shop's marketing with the best in the automotive industry, Shop Marketing Pros! Get a free audit of your shop's current marketing by clicking here: https://geni.us/ShopMarketingPros In this episode, Lucas Underwood and David Roman sit down with the insightful and introspective Matthew Lachowitzer at the Ratchet and Wrench Management Conference 2023. David challenges conventional thinking and questions the meaning and purpose behind our goals. They dive into the importance of shifting your mindset, exploring whether pursuing more stores, revenue, and profitability is beneficial or simply a self-imposed pursuit of meaningless numbers. They discuss the struggles of running a successful business while maintaining spiritual well-being and proper values. Topics Discussed:00:02:47 Left, talked, drinks, buses stopped, walked. Unfamiliar areas.00:05:27 "Florida man: known for crazy antics"00:13:53 Tent cities moved north due to renovations.00:19:00 Started own business, became successful, expanded.00:23:30 Seth easily handled issues while David struggled.00:27:39 Deciding to shift focus to business growth.00:35:12 Shop owners seek purpose in owning shops.00:41:01 Goals are self-imposed, meaningless numbers on paper.00:44:45 Understanding and questioning the impact of success.00:51:00 Hope and potential inspire expansion despite doubts.00:57:15 Growing model, making money, questioning purpose.00:58:55 Challenges: Kids, spirituality, staff, bills, success.01:07:56 "I Don't care, but I want to help."01:14:50 Money isn't the only important thing.01:19:10 Questioning motives, seeking a higher purpose beyond money.01:20:52 Argument with the family business.01:29:08 Align goals, create winners, and produce a better workforce.