Cottman Transmission and Total Auto Care gains Former marketing executive

Wednesday, February 01, 2017

Uses retirement funds to buy a franchise

At the point when Louisville local Don Harris lost his advertising work two years prior, he exchanged businesses and found a fascinating approach to back his new pursuit: He utilized assets from his retirement account, without taking expense and early withdrawal punishments.

Harris had gone through 10 years with a little publicizing office before he joined Seven County Services, which people groups with emotional instabilities. He filled in as VP for showcasing for a long time before the office, confronted with state financing reductions, lessened staff. Harris lost his occupation. Seven County Services since has converged with the charitable Centerstone.

Harris told his significant other, Heather, that he needed to maintain his own business, to a limited extent since he appreciated settling on his own choices. Indeed, even with an accomplice, he stated, it now and then doesn't feel like you're working for yourself.

His significant other proposed he begin a promoting organization, however Harris said he needed a new beginning in another industry.

In the wake of considering different business, including janitorial administrations, he settled on the car business. Since the subsidence, he stated, deals in the business, particularly utilized autos and secondary selling parts, have exceeded expectations.

Individuals kept their autos for around five or six years all things considered before the subsidence, Harris said. That period bounced to 11 years amid the downturn. He assumed that individuals would need those vehicles took a shot at to keep them out and about.

He settled on Cottman Transmission and Total Auto Care. It's a set up brand, he stated, and he could purchase a current neighborhood area that could turn beneficial rapidly, an imperative component to him, to a limited extent since his girl was gone to school.

Before making the jump, he conversed with the corporate office to better comprehend the business, made sense of what number of autos would go past the shop at 4047 Taylorsville Road, and what number of car sounds he would require. His college degree in back proved to be useful.

"I was turning through a great deal of numbers," Harris said.

That sort of due persistence is basic to picking the correct establishment and giving the franchisee the best shot for achievement, said Jania Bailey, CEO of FranNet in Louisville, which helps franchisees to enhance their odds of progress. (Harris was not a customer.)

Picking the correct establishment from more than 3,100 ideas can overpower would-be entrepreneurs, she said.

"We truly begin diving in," Bailey said.

Bailey, a previous investor, likewise ensures that potential franchisees call 15 to 20 other individuals who claim such establishments to converse with them about their experience, to assemble tips and to make sense of why some have more accomplishment than others.

"I'm truly making them do homework," she said. "That is the place I see individuals botch up."

A few people simply need to pick an establishment since they've known about it or in light of the fact that they like it or on the grounds that they've seen one that dependably appears to be occupied.

Picking the correct establishment must be founded on watchful examination, Bailey stated, not on feeling or episodic confirmation.

For a FREE Franchise consultation, please fill out franchise advice form on the right.

Cottman Transmission Systems News and Press Releases

This article has been read 846 times.

Would you like to own a Cottman Transmission Systems Franchise?

For more information about becoming a Cottman Transmission Systems Franchise owner, including a franchise overview, start-up costs, fees, training and more, please visit our Cottman Transmission Systems Franchise Information page.

Or complete our free franchise advise form for a consultation about Cottman Transmission Systems Franchise or any other franchise listed on The Franchise Mall.

Cottman Transmission Systems Logo

Cottman Transmission Systems LLC
201 Gibraltar Rd., #150
Horsham, PA

Phone: (215)643-5885
Toll Free: (800)394-6116
Fax: (215)956-0340

Cottman Transmission Systems Franchise Information

Share This Page!


First Name:
Last Name:
State: (US inquiries only please)
Capital to Invest

(Min $50k Investment)
Investment Timeframe:

Can I use my 401K or IRA
to buy a business?

Submit your request for a
FREE Franchise Consultation.