Are you happy with the direction your auto repossession company is going? Are you satisfied with the amount of auto repossession orders you receive and the growth of your business? Are you content with the percentage of recoveries your repo company produces? I talk to auto repossession company owners every single day, and I find that some are teachable and some are not. Some like to complain about how bad it is and listen to what I have to say, but do not make one change in their business strategy. The guys I see growing by leaps and bounds in the auto repossession industry all have one thing in common. They are teachable! I ask you, are you teachable? Can you only hear the information given to you, but fail to apply it to your auto repossession business?
Hear me loud and clear! If you want things to change in your business, then you are going to have to make some changes! Just because you have always done something a certain way, does not mean it is the right way to do it. If you continue to do what you have always done, you will always get the same result. If you are not overjoyed with your business growth, then you need to come to the realization that the methods you have been employing, the actions you have been taking, and the thoughts you have been thinking have all been dead wrong! Sometimes you have to slow down and take a few steps backwards in order to see some growth. If your willingness to learn is a 10, but your willingness to change is a zero, then you are dead in the water. Ten times zero is zero! If you are 100% teachable and are 100% willing to make changes, then you can make some radical changes in the direction that your auto repossession business is headed.
The first step to being teachable is to begin to take in all the information that you can. How do you do that?
- Find a SUCCESSFUL mentor in the auto repossession industry. Do not choose a mentor that owns a repo company that always has his own wreckers up for repossession! Find a mentor that has a proven track record of success in this industry. Ask him questions. Learn the steps he took to be successful. Listen more, talk less!
- Educate yourself through certification. RSIG is one of the companies that I would recommend taking a certification course and test through. Once you do that, find some other auto repossession industry certification courses and take them as well. What if there are ten certification courses out there? Take them all. Even if you only learn one thing from each of them, it is well worth it.
- Read everything you can about the auto repossession industry. Read every article on our online auto repossession industry magazine here. Read every post you can in our auto repossession forum here. Read every blog article in our RepoIndustry Blog. Do not just read here on our site, but read everything you can about the auto repossession business on every site, in every book or magazine out there.
- Read books, magazines and websites on running a business. Like it or not, you are a business owner, and you need to learn everything you can about running your auto repossession business – marketing, sales, budgeting etc.
Once you implement this first step, the next step is to set up a plan on how to implement what you learned, and then begin to practice those changes. From that point on, success and business growth will be yours! You may be coming up with the excuse that all of that will take a lot of time. You cannot afford to not take the time it takes to learn how to run a successful and profitable auto repossession company.
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