11/27/2024
Concerning… 😳
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Link to full article in Story and Bio
We help car dealerships and automotive sales professionals sell more vehicles.
Memphis, TN
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True story: in 2008, Aaron and I were sitting in an empty house (we had just been robbed) with empty bank accounts and en empty calendar of business ahead of us. We were new entrepreneurs. Three months prior we had left high paying corporate jobs and invested all we had in starting our own business; an automotive sales and marketing company. Three months later, General Motors filed bankruptcy, Chrysler and Ford Motor Company closed down hundreds of dealerships nationwide and with the parallel collapse of the mortgage industry, banks stopped lending. Especially to new businesses with no proof of financial history. Especially to businesses in the automotive industry. Our credit was maxed out to the tune of about $50,000. We had employees that were counting on us. We had family to support and bills to pay. We were headed into the holidays very broke. We were in the hole, and we were in the hole DEEP.
>>>BUT WE CHOSE NOT TO STAY THERE LONG.