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Erich Schmidt is the owner of Schmidt Auto Care. Since founding the company in 2009, Erich has learned a great deal about leadership through serious change and growth. After leasing several properties over the years as the business expanded, Erich recently acquired the very property and buildings where the shop currently operates—a significant milestone after years of planning and perseverance. What did it take to get there? What has Erich learned through this season? Find out today!

Timestamps: 

• 00:00 "Limitless Leadership Podcast: Eric Schmidt"
• 04:16 Commercial Real Estate Strategy Insights
• 08:03 Securing an SBA Loan
• 11:53 Loan Inquiry & Financial Disclosure
• 13:22 Preparation and Documentation for Success
• 16:54 High Costs and Financial Risks
• 22:48 Contractual Costs & Obligations Risks
• 24:32 Floating Rate for 504 Loan Closing
• 28:24 Managing Growth: Key to Success
• 32:39 Profitability vs. Passion Guidance
• 33:09 Stick to Established Processes

I'm Josh Parnell, Founder and CEO of Limitless Leadership. As a leadership coach, trainer, and speaker, I help aspiring leaders in the automotive repair industry tap into unrecognized potential to achieve limitless results.

For more information, please visit limitlessleadership.co and check out The Limitless Leadership Blueprint HERE