Ep 6. Mike Davis - A Fire Ignited This Great Family Business Founded On Integrity And Community

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/

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