How Millionaire Car Dealer Turned Everything Around

Jim Shorkey built his family’s auto business into more than 9 dealerships, over 800 employees and 15,000 new & used car sales per year. This podcast explores how he did it.

In 1996 Jim Shorkey Jr.’s father died and left him the Jim Shorkey Auto dealership. With his experience as a sales manager, Jim Shorkey was arrogantly sure he was going to be successful growing this business. Instead, he brought it to the brink of bankruptcy.

Jim had to grow his skillset and discipline quickly to save the family business. He credits mentors and the book Think And Grow Rich for how he was able to turn things around.

Join Aaron in this episode as he finds out how having a mentor and reading a book multiple times helped to pivot Jim’s perspective and why he plans to live to 122 years old.

TIMESTAMPS:
0:00:00 The early days of running the family business, bankruptcy and how a book changed his perspective.
0:07:00 Seeking expert counsel and being the smartest guy in the room.
0:13:42 Focusing on what matters in the business.
0:18:13 Taking advantage of a negative situation and pivoting through adversity.
0:30:29 Estate planning and passing down the dealership to his kids.
0:37:32 Setting your goals and going beyond.
0:39:06 The why’s that makes you crack.
0:54:21 Starting on a new project at this stage of his life.
1:00:23 The vision of his legacy.
1:09:36 Money matters.