In this episode Lake Speed Jr sits down with Chris Straub of Straub Technologies to talk about making your engine business successful and why “profit” is not a dirty word. Lake and Chris discuss the many costs that go into building and maintaining a business in this industry and why “just breaking even” isn’t sustainable over the long term.
Among the other insights Chris shares with Lake is the need for a shop to have a specialty or niche that makes them the choice of customers. Chris tells his own story about coming up in the engine building industry in the late 80s/early 90s working on lots of Chevy blocks and having an “aha” moment that turned Straub Technologies into the success it is today.
A great segment for those with a shop and looking to grow as well as those of thinking of opening their own.
Segment was recorded live: October 13, 2021