Business
A live interview with Mike Davis of the Davis Auto Group from the 2020 Tiffin Agricultural Conference. In this episode, we talk about: A fire in Fort MacLeod brought Mike’s dad John home to start their entry into the auto business. The dynamic of working in the family business motivated Mike to work hard and ensure he wasn’t labelled the “entitled dealers son” All the brothers worked for many years in the business until they became managers and eventually shareholders Entry into other businesses varied from necessity to finding a great business partner who wanted to stay involved and grow with a like minded partner All the businesses have a partner or a future intent of having a owner on the ground in each community they operate. The groups 4 core values are teamwork - family - integrity - community Central services looks after all the accounting, IT, call center and HR/payroll for all the separate entities Dad’s mentor style was to lead by example and do what is right all the time, correction came if you strayed from the core values. Mike got paid a fair salary for the work he did in the company which as value he hopes to pass down to his kids of the 4th generation It wasn’t about drawing dividends, it was an intentional decision to take out less so they could grow and acquire more businesses over the years Do something you love and you’ll never be clock watcher https://www.davisautogroup.ca/ Make sure to subscribe to not miss out on upcoming episodes. For more information or to contact us, visit: www.hasswealth.com