In this enlightening episode of the Inner Edison Podcast, host Ed Parcaut welcomes business expert Timothy Shaffer to delve into the dynamics of business failures and the invaluable lessons they offer. Timothy Shaffer, with over 30 years of experience in the automotive industry, shares his extraordinary journey from working on cars in the Midwest to launching innovative business ventures.

Key points of discussion include:

• Business Failures & Learning

  : Shaffer’s transition from corporate America to establishing "Search Tires" and valuable insights gained from initial setbacks.

• California Taxes

  : A deep dive into how Prop 13 and Prop 19 impact capital gains and property taxes, along with Ed's critique of recent political decisions.

• Living & Costs

  : Comparing the living conditions and costs in Texas, Florida, California, and Puerto Rico, highlighting Puerto Rico’s favorable tax benefits under Act 60.

• Real Estate & Safety

  : The nuances of purchasing property in Puerto Rico versus Mexico, and a discussion about safety concerns in these regions.

• Automotive Industry Insights

  : Shaffer's advocacy for supporting local brick-and-mortar stores for tire purchases and discussion on consumer behavior data driving better business strategies.

• Patriot Brands

  : Exploring Timothy’s other venture, marketing efforts for products like the Vanish (Vnsh) holster, and their successful e-commerce strategies.

Join us for a rich conversation filled with personal experiences, industry insights, and practical advice for businesses navigating the complexities of market trends and consumer needs. Tune in to understand how to leverage failures for success and make informed decisions whether you’re looking to relocate, invest, or expand your business.

Visit searchstires.com for more information and connect with Timothy Shaffer for your tire needs and business inquiries.

**Contact Ed Parcaut:** - 🌍 Website: [edparcaut.com](http://edparcaut.com) - 📱 Twitter: [@edparcaut](https://twitter.com)

Listen now on Apple Podcasts and transform how you view business challenges and opportunities!

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