The fastest way to separate your business from everyone else? Fix what they can’t.
In this episode, Mark Colaw walks through how he cracked a problem his industry had failed to solve, and turned it into a patented machine now protected in 21 countries. You’ll also hear how modern vehicles have changed the repair business, who really controls the cars we drive, and what nearly 50 years in one shop taught him about values and culture.
Topics discussed:
(00:00) Introduction
(01:25) Growing up around entrepreneurs
(05:00) His first business at age 13
(06:39) The decisions to become a mechanic
(11:48) Taking the job at Seymour’s Garage
(14:22) Earning equity and buying the company
(15:12) What’s changed in 50 years
(16:35) Why modern cars are so hard to diagnose
(21:14) Inside Seymour’s Garage and DPFs
(23:29) The truck nobody could fix
(25:21) Hiring an engineer and getting the patents
(26:52) The business, the margins, and next year’s plan
(31:45) The one thing he would do differently
Connect with Seymour’s Garage & DPF Resolutions:
https://www.seymoursgarage.net/
Candus Hinderer and Carrie Ferroukhi are the co-founders of Arcus Advisors, a business consulting firm dedicated to helping Private Equity firms and their portfolio companies improve results by optimizing the accounting and finance functions through strategic guidance and practical solutions. For more information and resources, visit Arcus Advisors: https://arcusadvisors.com/home
This episode was produced by Podcast Boutique https://www.podcastboutique.com
