Getting Started | The Millionaire Table Academy

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The CAR Business

WELCOME STUDENT ORIENTATION

Student Orientation
Meet your instructor

THE CAR BUSINESS

Getting Started
Proper Business setup (22:18)
The Good and the Bad
Taking Losses
Leveraging Credit to Cash flow

CAR DEALERSHIP

Different Licenses
Licensing requirements
Bank account and Forms of payment
Fees you can expect
The $10k Cash rule

NOW THAT YOU ARE LICENSED

Systems
Auction Access
How to check cars
Tools for success
Cars that sale
Documents you need to have
Processing Titles, Tags and registration
Monthly Sales Tax
Things to know

FINANCING

Bank in-house financing vs Buy Here Pay Here
Cash Deals
Outside Financing

CAR RENTALS

Business setup & Licensing requirements
Platforms to list your cars
Self Service Car rentals
Rental Fleet Insurance
Daily rental Coverage for customers

Expanding your business

Hiring Salesmen
Marketing
Offering Warranties
Proper Networking (dealers, tow, etc)
Paying yourself and employees

UNTIL NEXT TIME MILLIONAIRES!

FAREWELL FROM STAR

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Getting Started

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