00:00
on this episode of Three Key Insights.
00:03
I was fearful of having hard conversations, Sanjeev.
00:06
So someone would make a mistake,
00:08
and I would have a meeting with everybody
00:11
because I didn't have the guts to talk to that one person
00:14
and then make everyone live that one person's mistake
00:18
in hopes of, you know, it landing on that one person
00:21
and everyone else in that room.
00:23
I know was thinking,
00:24
I wish Chris just had the guts to speak to so-and-so.
00:27
The auto industry is moving fast
00:29
and it's getting more complex.
00:31
Success today takes more than instinct.
00:37
Welcome to Three Key Insights with Sanjeev Yajnik,
00:40
president of Capital One Auto.
00:42
Each episode features real conversations
00:44
with top dealers, operators, and industry innovators,
00:48
delivering actionable insights you can use
00:50
to navigate change and take the lead.
00:54
Hey Chris, and for the audience,
00:56
I'd like to welcome all of you,
00:59
and I want to introduce you to Chris Garolin.
01:02
He is the founder and the president of Dallas Lease Returns.
01:07
It is one of the most successful independent dealers
01:10
in all of the United States.
01:12
Chris has been a trailblazer in innovation
01:16
and leading his organization,
01:18
and I can't wait to have this conversation with you, Chris.
01:21
We've known each other for quite a while,
01:24
but what I'd love for you to do,
01:26
I'd love for you to do two things just to start off.
01:30
One is, can you brag on your company?
01:36
I know that you show a lot of humility,
01:38
but if you had to brag on your company that you founded,
01:43
what would you tell the audience about it?
01:46
Well, it's easy for me to brag
01:48
if I can put it in the context of my people.
01:50
So currently, my people have won
01:53
Dealer Raider, Dealer of the Year.
01:55
I think we're going on our eighth year for Texas,
01:59
and I believe it's our third year for the United States.
02:03
So that's a big accomplishment for us.
02:07
We've got, I think as of last month,
02:09
we're seeing at about 10,000 positive online reviews,
02:13
which would be kind of a milestone for my team.
02:17
And the other thing is just kind of the staying power
02:21
of the team, Sanjeev.
02:23
I've got, I mean, I have salespeople
02:25
that have literally been with me for 21 years,
02:27
which as you know, keeping salespeople for that long
02:34
I think last time I looked,
02:36
the average tenure of a Dallas lease returns,
02:40
we call them sales managers specifically for a reason,
02:42
but others might call them sales was somewhere
02:45
in the four or five year range,
02:48
which is pretty long for that position.
02:51
So yeah, we've had some success over the years,
02:55
and it's transpired into, I think last year
02:58
at the end of the year, I ended up at north of 30%
03:00
repeat and referral business,
03:02
which I think again, for used cars,
03:04
I'm told is a pretty good metric
03:06
and something that I really measure pretty closely
03:09
for whether we're doing a good job.
03:11
Every stat that you just laid out is pretty done unbelievable,
03:16
and I've known you for some time,
03:18
and all I can tell the audience is you are a mover and shaker.
03:24
You don't rest on your laurels.
03:27
You don't take a step back.
03:29
You're always pushing forward.
03:31
You've leveraged technology.
03:32
You've done a whole bunch of things that makes you successful,
03:36
but can you just tell us about a bit about your background
03:41
and how do you get into the car business?
03:43
Did someone give it to you?
03:46
So I started at the groundups on Jeev,
03:49
and literally as a runner.
03:51
So a runner here in the Dallas area, detail shops,
03:56
ran a foreign car repair shop for a couple years,
03:59
so kind of did it all,
04:01
and then was part of a group of people
04:04
that just was kind of at the right place
04:07
at the right time, honestly.
04:09
The internet had just become a thing.
04:12
I remember back when you were an internet dealer,
04:15
and now if you don't have the internet,
04:17
you're just not a dealer.
04:20
But eBay would have been one of the very first platforms
04:23
that a lot of us took seriously,
04:28
and yeah, I started putting cars on eBay.
04:31
I had someone much smarter than me that knew how to do it.
04:34
I didn't even know how to do it at the time,
04:36
and they were literally,
04:38
I mean, we were cutting and pasting code
04:41
in eBay auctions before there were even listing services.
04:46
So yeah, we had pioneered a few things,
04:50
and then fast forward, there were companies like,
04:53
I remember the first one that I found was eBay's autos in California,
04:56
and we started listing cars online,
04:59
and yeah, what that company was called Texas Auto Gallery.
05:03
I sold that company 23 years ago, 24 years ago,
05:09
and was introduced to Mike Hernandez at DNM Leasing,
05:12
which was probably one of the best introductions
05:15
I could have ever had,
05:16
and at the time he was not doing anything
05:19
with his lease return vehicles.
05:21
They were just sitting on a back lot,
05:22
and I started putting them on eBay
05:25
with another gentleman named Jeff Morgan,
05:28
and lo and behold, 21 years later,
05:32
we're kind of a grown up business.
05:35
We went from, I'm sitting in my conference room right now,
05:38
and if I took myself back,
05:40
so I started when I was at Dallas Lease Turns
05:43
at the time, we didn't even call it Dallas Lease Turns,
05:44
that was just a website address,
05:46
but I started literally in a wash bay behind DNM Leasing.
05:50
Fast forward to maybe not now,
05:53
but you mentioned something earlier
05:55
about how long we've known each other,
05:56
and I don't know if you even remember this moment,
05:59
but it was probably a decade or so ago
06:02
that I was one of the dealers
06:03
that you called in to Plano,
06:06
and you brought us with this idea
06:10
that you were going to partner with the dealers
06:12
and had this idea for what became Auto Navigator,
06:18
and so I actually remember that moment.
06:21
I remember the stories.
06:23
Yeah, I remember that entire process.
06:26
Yeah, thank you, Chris,
06:28
because I think one of the things that has given me
06:33
a lot of joy in the business that we do,
06:39
I didn't start in auto.
06:41
I came into auto interestingly enough in 2008,
06:46
and when people did not believe in the lending business,
06:51
and I reached out to a few of you all,
06:54
but we are the only company I know of,
06:57
the only bank that started building products for dealers
07:03
with the express objective of making sure
07:08
that customers went to dealerships
07:09
and not trying to circumvent dealers,
07:12
and you played a huge role in helping us think through
07:16
what do we need to do?
07:17
This is a completely new business.
07:19
Back to your success story,
07:24
one of my folks went into your dealership.
07:29
And he came back with your Management 10 Commandments.
07:36
Which I find to be pretty awesome.
07:38
So before we even get into anything else,
07:41
can I have a bit of a chat with you
07:43
about your Management 10 Commandments?
07:46
Yeah, so it's funny.
07:48
So I wrote them with Ken Pernell,
07:52
who was my GSM at the time.
07:54
Of course, I haven't done any of this on my own by any means,
07:58
but he and I sat down at the time and we just asked ourselves,
08:02
you know, what do we want to be the guiding light
08:05
for everything that we do?
08:06
I mean, certainly core values,
08:08
which I can speed out or core actions as we call them here,
08:13
And really, everyone has them.
08:15
Everyone's got core values.
08:17
Even if they don't have it written down,
08:18
they have core values.
08:19
So I just wanted 10 core principles we were going to go on.
08:23
And so for us, it's be a leader,
08:25
which starts with that for me.
08:28
So the first one is be a leader.
08:31
And by the way, it's a muscle, Sanjeev, as I'm sure you know.
08:38
You just don't become a leader
08:40
by being the boss of your organization.
08:44
I mean, it's a skill.
08:45
You have to be willing to learn.
08:46
You have to be willing to study.
08:47
You have to be willing to learn how to communicate,
08:52
Yeah, I could cite off a number of books I've read in the past
08:55
that have been instrumental for me.
08:58
And you're saying be a leader no matter who you are
09:01
in the organization.
09:02
Every single person, the first commandment is be a leader.
09:07
You got to be a leader.
09:09
You have to be a leader.
09:10
You're out how you become one.
09:12
Bingo, which by the way, you do a good leader
09:15
has to know how to follow.
09:17
You know, Craig Groeschel had a fantastic podcast
09:20
I saw years ago that I shared with my team,
09:22
and it was about leading up.
09:24
I mean, you do have to understand how to lead up
09:26
in order to lead down.
09:27
If you don't know how to lead up, you can't lead down.
09:29
So it's a conversation, but leadership
09:32
does not mean you're the boss by any means.
09:37
There's many times where you have to know
09:39
how to lead up in an organization as well.
09:42
What do you mean by lead up?
09:43
Again, Craig Groeschel does a much better job than I will.
09:47
But for me, leading up is understanding that your leader
09:52
may need your help and support.
09:55
And your leader may even be incorrect at times.
09:58
And so you have to understand how to pay respect
10:04
to your leader and guide them through those times
10:11
because they're imperfect as well.
10:13
So not just this, like if you don't believe
10:18
in the direction of the company,
10:19
you can't just go this with your leader.
10:21
You have to be willing to follow them,
10:23
and you have to be willing to give them credit,
10:25
where credits do, and then kind of bring them
10:28
to the point where you feel they need to go.
10:30
But you can't just fight them to get them there,
10:33
if that makes sense.
10:35
That's such a great concept.
10:37
And most people, when they think about leadership,
10:39
is like, if people report to me, what do I do?
10:43
But an equally effective and in fact a critical thing,
10:48
no matter which level you're at, is leading up.
10:52
Even a GM, even a owner has to lead up
10:54
because then there are investors, and then there are customers.
10:58
But I love this whole issue of be a leader,
11:04
and leader doesn't mean you're the boss.
11:07
It means show the characteristics of a leader.
11:11
And again, it's a muscle.
11:13
I tell my people, because I try to promote within.
11:19
And the thing that I tell my team when we're promoting within
11:22
is that we're looking for someone
11:24
that is already the person we need.
11:27
We're just going to change their pay plan,
11:30
and we're going to change their title.
11:33
And what that means to me is that it means
11:35
we're not going to give them the title,
11:37
and then hope they become that person.
11:38
So I'll give you an example.
11:40
Roelle Ortiz, who is my GSM, he was already a leader.
11:45
He was already a good producer.
11:47
He already took good care of his customers.
11:50
So he was already the person.
11:54
The only thing I did was sit down with Roelle and say,
11:57
hey, do you want this extra responsibility?
12:01
Do you want these extra hours?
12:03
Do you want this extra pressure?
12:09
And do you feel like falling to do it?
12:11
And if so, here's the pay plan.
12:13
Yeah, that is just such great advice.
12:16
Okay, your second one is Law of Psychological Reciprocity.
12:22
What does that mean?
12:23
So I got that from a book by Robert Caldini called Influence.
12:30
And so everything that we do here and every process
12:32
I've built here is based on that one single law.
12:35
And the Law of Psychological Reciprocity basically means this.
12:39
We are born with the want to do and give what others give us.
12:45
And so the Law of Psychological Reciprocity basically means
12:48
if you're nice to someone,
12:51
they're going to have a higher probability of being nice to you.
12:55
Here's how it works in sales.
12:57
Someone can call you and say how we would coach against this single law
13:02
is someone would call you and say, your price is too high.
13:07
Well, you can do this and give them a bunch of information
13:09
of why your price is not high, or you can say, maybe it is high.
13:15
Can you let me know what information you see
13:17
that's leading you to that conclusion?
13:20
And then listen with intent so you can help understand
13:23
where they're coming from.
13:26
Then you're not doing this with a client.
13:30
Another principle from there,
13:32
which would be based on reciprocity is kind of a liking idea.
13:35
The easiest way for someone to like you is to simply like them.
13:39
You think about the people you like, you usually like people that like you.
13:42
And so again, that's a reciprocal piece.
13:45
So Law of Psychological Reciprocity just means that.
13:49
Make sure everything you do is with the mindset of reciprocation.
13:54
That's so powerful, not only with customers,
13:57
but even with fellow team members.
14:02
That's a great one.
14:05
Okay, your third one is never make policies to govern bad employees.
14:11
Simply don't have bad employees.
14:15
That is my single artist one, Sanjeev, to manage for myself.
14:23
It's funny, I give people a handbook when they're hired,
14:25
and I had a handbook that gave you a thousand things
14:28
you weren't allowed to do at Dallas Lease Returns,
14:30
and like a list of 10 you were allowed to do.
14:33
So it was like, welcome to Dallas Lease Returns, don't do this.
14:38
It was just, it was really, it was almost ridiculous
14:41
when I looked at it through that lens.
14:43
And so I went in and got rid of all of the policies
14:46
that I just felt were just things that you should know
14:49
if you're a good person and you're someone I want,
14:52
I want to work here.
14:53
Now, you know, I need, I need rules and policies
14:56
like any good company does,
14:57
but I'm not going to write a policy
14:59
that says that you need to be a work on time.
15:02
If you can't come to work at time, you can't work here.
15:05
Like there's just, it's just common respect.
15:10
So, so yeah, in its simplest form, that's it.
15:14
I can't tell you how many companies make policies
15:18
based on the 0.1%, but then it applies to 99.9% of everyone
15:24
and makes everyone's life miserable
15:26
because you're trying to protect against the 0.1%.
15:29
I love the simply don't have bad employees,
15:32
choose your employees.
15:33
Okay, the next one.
15:35
Well, if you were to skip the next one, Sanjeev,
15:38
and be willing to go the next one,
15:40
it speaks to the, the, the never make policies piece.
15:45
Okay, so let's go there.
15:46
It's speak directly to and about the problem.
15:51
So, so I'm sure if someone that's in the car business
15:54
is listening to this, they've never done this,
15:57
but I did it all the time
15:58
and it does fit with that never make policies statement.
16:02
And that is I was fearful of having hard conversations Sanjeev.
16:08
So someone would make a mistake
16:11
and I would have a meeting with everybody
16:14
because I didn't have the guts to talk to that one person
16:18
and then make everyone live that one person's mistake
16:21
in hopes of, you know, it landing on that one person
16:25
and everyone else in that room.
16:26
I know was thinking, I wish Chris just had the guts
16:29
to speak to so and so.
16:31
And so I had a problem with that personally.
16:35
I knew it and I knew I had to write it down
16:38
and share it with my staff so they could hold me accountable.
16:42
And I can tell you, I do not have those meetings
16:46
or those group emails at all anymore.
16:49
I have not, I'm very proud that I was able to stop
16:53
that, that bad leadership behavior that, that I had.
16:57
You know, I think we can all learn from that.
17:02
You know, I'm just introspecting on when have I done that?
17:06
And, you know, there's a human tendency of, you know,
17:09
I don't really want to tell the person,
17:12
but if I tell all these people,
17:13
it'll kind of permeate to the person and, you know, all of that.
17:17
But maybe they'll all do my dirty work.
17:22
So it's been directly to and above.
17:25
Don't manage by email.
17:27
Something that needs true leadership.
17:29
Now, certainly we have some informative things
17:31
that we need to cast to our staff.
17:34
But, but conversation just works way better.
17:38
Conversation just works way better.
17:42
I think the new email is text.
17:47
But okay, the next one is lead during the deal,
17:52
coach after the deal.
17:55
That's an interesting one.
17:57
So what that means is if an agent comes to you
18:00
and they're in a deal and they're,
18:03
they've messed up the deal,
18:05
don't beat them up for their mistake in the moment
18:09
and send them back into a situation that's
18:11
uncomfortable for them and for the customer to prove a point.
18:16
Stand up, grab the deal, walk in the office and lead.
18:22
And then afterwards, sit down with the agent.
18:26
Hey, John, you know, what would you have done differently?
18:29
We can agree this didn't go exactly how you want.
18:30
What, you know, what could we have done differently?
18:33
Usually the agent knows and then, you know,
18:37
decide that you're going to make a change and go on from there.
18:41
You know, what we would have a tendency to do here
18:44
is when John, you know, made that mistake,
18:47
they would come in the office and then we'd tell John
18:48
everything that he did wrong and then we'd send them out
18:51
and make him have this uncomfortable piece.
18:55
And, and I almost feel like it was somewhat
18:58
to foredesign Sanjeev.
18:59
It was to kind of teach teach them a lesson
19:02
and we're also doing it at the customer's expense.
19:06
This is a really practical kind of a suggestion to people,
19:10
which is not natural.
19:13
The natural tendency is to do the opposite,
19:15
but I totally get you and it's much more powerful
19:18
the way you're talking about it.
19:20
Okay, the next one is interesting being that
19:24
we're sitting at a desk.
19:27
Don't lead from behind the desk.
19:30
What does that mean?
19:32
I mean, so it's just that Sanjeev.
19:34
I mean, so specifically if you were to come into my office,
19:38
you'll see I don't even have a desk chair.
19:40
I have not had a desk chair in my office for many years.
19:45
Simply because I just, I would have a tendency
19:47
when I sit down to waste time.
19:50
So for me standing.
19:51
So yeah, leadership is an active sport.
19:55
I mean, look, agents don't come to you with,
20:00
you know, don't come to you all the time
20:02
with the true needs that they need.
20:05
I mean, they don't just come into your office and say,
20:06
hey boss, I'm not working hard enough.
20:08
I'm not focused properly.
20:11
I'm messing up here.
20:12
I'm messing up here.
20:13
I'm messing up here.
20:14
You have to get out of your office to find, to desk fish.
20:18
You got to get off out of your office to help somebody.
20:21
So yeah, I mean, for me, it's just that simple.
20:24
The sentence you just said, the statement which is,
20:28
it's so incredibly powerful.
20:31
Leadership is an active sport.
20:39
It can be a lot of fun.
20:41
It's active, not passive, not sitting.
20:43
I think that is really powerful.
20:45
Okay. Be proactive, not reactive.
20:52
Well, so, I mean, it's just that.
20:57
I mean, just have a plan.
21:01
I love different quotes.
21:03
One of my favorites that I heard years ago was,
21:06
very seldom are urgent things important.
21:09
And very important things are usually not urgent.
21:11
So it's kind of a long, it's kind of a long,
21:15
You know, the, quite honestly,
21:17
the don't made us buy email probably saves me a lot that,
21:21
So, you know, there's just a lot of things that you just need
21:27
to take a deep breath, get a grasp of it.
21:31
And it's so hard to do because you obviously have built yourself
21:36
from the ground up.
21:37
You've got a whole bunch of perspectives
21:39
on pretty much everything.
21:41
And that's a hard one.
21:43
Be proactive, not reactive for the associate or the employee
21:47
or the sales managers or whoever it is.
21:52
So I can see that being,
21:54
it's both a discipline on your side,
21:56
but also a forward lean on their side.
21:59
And it was important for me to put it on there, Sanjeev,
22:02
because since I started this place,
22:04
literally in sales with two people,
22:07
and I, you know, now we're much larger,
22:12
I've done a lot of the roles.
22:14
So I've, that's been hard for me.
22:16
I've had to learn that others need to be able to make decisions
22:22
or we're just not going to grow.
22:24
I'm not smart enough.
22:27
And I'm certainly not good enough to do all these roles.
22:31
I have to have people being willing to do it.
22:33
And so how I've decided to look at it
22:36
is in my mind, if they're making the decision 80% correctly,
22:41
I'm okay with it because usually 100% isn't 100%.
22:45
100% is just exactly how I would do it,
22:47
but very seldom are they going to do exactly how I'm going to do it.
22:50
So for me, if I feel like they're handling it 80% correctly,
22:54
I step off and go, okay, that's my,
22:58
that's kind of my number that I've decided to go with.
23:01
You know, the reason I think I emote so much with you,
23:05
Chris, and with many of the dealer owners
23:08
and people in the business is,
23:13
you know, I was an engineer, but I started right at the bottom.
23:16
So I had to dismantle things, put it together with my own hands.
23:22
I joined Capital One when we were not much of a company.
23:25
Into auto when it was a complete, you know, turn around,
23:29
we're going to shut it down, build it up.
23:31
But when you build it from the ground up
23:34
and you play every position,
23:36
it's so hard to do the thing that you're just talking about.
23:42
Because it's not delegation from the standpoint of,
23:45
you know, do anything you want to do,
23:47
but it is really hard to do this thing that you just talked about.
23:51
Especially when you're the visionary,
23:53
because it's so, the vision is so personal.
23:58
You know, so the decisions,
23:59
the decisions around the vision are so personal.
24:03
It's the hardest, you know, you mentioned ground up.
24:06
My, I always go to my warehouse people.
24:10
My warehouse people have always been spot on
24:14
on whether someone is going to make it at Dallas Lease returns.
24:19
They tell me when someone's a good person,
24:21
hey Chris, so-and-so is doing really well,
24:23
but I think you got to watch yourself there.
24:25
And they're always spot on, always spot on.
24:33
And you're right about the vision.
24:35
We, it's almost like you can taste it.
24:38
And, and then it becomes hard,
24:40
but then forcing yourself to do this makes you successful.
24:45
Now, the next one is perception matters.
24:50
So one of the things I tell my team all the times,
24:53
we can't manage intent.
24:54
Very simply, we can't manage intent.
24:57
Oftentimes when we need to correct somebody,
24:59
or oftentimes when people are not understanding our heart
25:06
of what we're trying or what we're intending to do,
25:09
we have to come to the conclusion
25:11
that whatever we're doing is landing
25:15
improperly on those around us.
25:17
So specifically when we're leading our teams,
25:23
and we have to do correcting,
25:25
oftentimes when we're correcting somebody,
25:28
there seems to be this disconnect between their actions
25:32
and between what they feel or what they intended to do.
25:36
And so what we have to do here is we just have to have a version
25:39
of a conversation with, hey,
25:42
I'm not smart enough to manage intentions.
25:44
I can only manage what I see.
25:46
And so here's what I see.
25:50
here's what I need you to change based on what I see.
25:54
You know, whatever you intended to do,
25:57
I'm just not smart enough to jump in your head.
25:59
Okay, I love the last one.
26:04
Make sure you are not the problem.
26:09
I mean, gosh, that could be a whole podcast.
26:14
That could be a whole podcast.
26:15
I mean, in the simplest form, it's just that, Sanjeev.
26:19
It's just that, you know, it's a unique position
26:25
to be in the position where you affect
26:30
and make the policies.
26:32
Then you write the guidelines and the plan and, you know,
26:38
kind of what you say goes type of thing.
26:43
And I do think that we run into situations, especially,
26:47
I would say most, I would say for me, reflecting back,
26:51
it's probably been stages of growth for Dallas lease returns,
26:55
probably more personal growth than just the company,
26:57
because I have to become a different person
27:00
and a different leader as the growth of the company
27:02
and the scope of the company changes.
27:05
And so, you know, where it speaks to me is just those moments
27:09
where I have to come to the conclusion that it is my plan
27:13
that has brought us to this position that I'm not happy with.
27:17
And so, you know, I might need to look at it and say,
27:20
hey, Chris, you know, I get it.
27:23
You know, you can keep whipping everybody for it not happening.
27:25
But at the end of the day, it's your plan, you know,
27:29
and it's not working for an extended period of time.
27:32
That's also a hard one and probably even harder for you
27:35
because you got such a, I call it larger shit.
27:39
I look at businesses kind of like boats
27:42
in the way that you manage them.
27:43
But yeah, knowing whether you should be sticking to your guns
27:47
and it should take more time or you need to be changing course
27:51
is probably one of the hardest things for me to understand
27:56
and it gets harder for me as we grow.
28:00
As I call it, as the ship gets larger,
28:03
understanding what things I need to do at what time
28:08
seems to be a lot harder, a lot more patience,
28:11
takes a lot more patience than when it was a much smaller organization.
28:17
So, but let me ask you now, these are unbelievable.
28:21
All these 10 is just not words.
28:24
The stuff behind it that has allowed you to run your dealership
28:29
and to take it to the great heights.
28:32
Now, you know, in life, we write down a lot of things
28:36
and then we do a lot of things.
28:38
But, you know, in life, we then get a ton of experience
28:43
and we start reducing things down to really the core of, you know,
28:50
what makes things tick.
28:51
So, if I had to challenge you, every one of these 10 is unbelievable.
28:57
Every one of these 10 is amazing.
29:01
But if I had to tell you, Chris, given all of these 10
29:05
and given all of your experience and everything that has made you successful,
29:11
if I said to you, you are only allowed to give me three, no more than three.
29:18
Which of these 10 would you rise to the three that if you just keep these in mind,
29:27
it gives you much of the juice of success?
29:31
I mean, be a leader, I think, is the easy, you know, the first easy one.
29:36
So, be a leader is clearly no matter which position you're in,
29:42
you're a salesman, manager, whether you're GM to the person sitting in reception.
29:52
And what does it mean, you know, in the traditional sense, but also lead up,
29:57
which is a very, very important aspect of the whole thing that you talked about.
30:04
So, that's the first one.
30:07
Gosh, man, hard one.
30:10
I would say the second one would have to be never make policies to govern bad employees,
30:16
simply don't have bad employees.
30:19
Okay, that is a huge one.
30:21
Because bad employees are a cancer at the end of the day.
30:25
I can't tell you how many times I've let an employee go,
30:27
and it's like I was the last person to know.
30:30
It's like, I think I've made this monumental decision that's going to help the entire staff,
30:36
and I'm on to something, and I'm leading the charge, and I do it,
30:39
and everyone in the building is going, why did it take Chris that long to get rid of this person?
30:47
Not so much now, if you want to know the truth, but in the past, that was a big one.
30:52
You know, we've got a monthly review now, and quite honestly, when we fire someone,
30:56
they're basically packed and apologizing for not hitting their metrics.
31:00
But that one has been instrumental to getting me to where I am today, absolutely.
31:07
And of course, I can't tell you the number of times I've spoken with dealers,
31:11
and I've said, but why doesn't the salesperson do XYZ?
31:16
And they say, Sanjeev, there's so much turnover, and they don't listen.
31:22
But your whole thing is, if you don't have bad employees, you don't have to try to convince them
31:30
to do anything. If they're good employees, they're going to do the right thing.
31:34
And so instead of trying to cajole people to do it, simply have good employees.
31:41
Sounds simple, but the number of times people stick with bad employees is crazy.
31:47
You know, I did a commercial last year, and I think the statement I made, Sanjeev, was,
31:53
we don't do anything unique here at Dallas Lease Returns. We just do what we say.
32:00
And so it's just that idea of, you know, and you've been to more dealerships than I have,
32:05
you're going to go into every dealership, and they're going to have core values on the wall,
32:10
and they're going to have rules and everything. And I stole just about everything that I have
32:13
from other people. I mean, I don't have really an original idea. You know, the difference at
32:18
Dallas Lease Returns is we just have the discipline to do it. Like, okay, you have to make 450
32:24
outbound calls. If you don't, you get a strike. You know, you have to get, you cannot have bad
32:31
reviews, or you lose your job. Like, you can't have bad reviews and be here in its simplest form.
32:38
It's just, I just feel like we overcomplicate simple things so we can find excuses for ourselves.
32:45
You know, you just said about discipline. This is what I can tell the listeners is after talking
32:52
to dealers all across the country. You know, one of the key differentiators is the discipline.
32:59
The other thing I would just say is for salespeople who are listening to this podcast,
33:04
if you want to get rich, if you want to have your own dealership in the future, if you want to do
33:11
well in your life, heed what Chris is saying, because every single person who has gone on to
33:18
build themselves from doing the jobs and doing every job and building it up to owning a dealership to
33:24
really doing well in life, this single thing has been one of the biggest truths, which is be a good
33:31
employee. It's not about listening to someone you're building yourself up for the future.
33:38
Yeah, 100%. So I like, I like your second one. What is your third one?
33:43
The third one would be make sure you're not the problem. Make sure you're not the problem.
33:49
Make sure you're not the problem. Any good leader, any good successful person
33:55
has some part of their brain that introspects?
34:01
Yeah, I would, I would hope so. I would hope so. Look, at the end of the day,
34:05
if you truly believe that you are the head of your business, and by the way, speaking to salespeople,
34:13
look, I do believe, you know, that idea of leading up and the idea of wanting to be somewhere else,
34:20
be the person now. You know, in other words, you know, and I, same thing with the business,
34:26
I always treat my business for where I want it to be, not where it is now. So personally,
34:31
just because you're in sales does not mean that you can't have full ownership of your success
34:37
and your ability to be, to be successful. I mean, it's completely a mindset. And so from a, from a,
34:43
from a leadership standpoint, I think that if you truly believe that you are the head of your
34:48
business, you are responsible for everything in your business, everything in your business.
34:55
At the end of the day, you know, one of the things I like to say for myself is,
34:59
it may not be my fault, but it is my responsibility. I mean, at the end of the day,
35:03
everything is my, is my responsibility. Another one that I love is coaching the failures, failure.
35:09
You know, all of these isms that if you walk in my office, you'll say, I keep quotes on my
35:13
board when I hear when I write one down, but, but they're all, they're all just true. At the end
35:17
of the day, if you're the head of your business, everything is your responsibility. You can't
35:21
blame the person underneath you. You can't. Now they might make a mistake and you need to correct
35:26
them, but look, you hired them. You're keeping them. I mean, it's, it's your decision. You can't
35:33
put anything off on anyone else because you make all the decisions. Receptionists not taking care
35:39
of customers. Okay. And you know, who's, who's powerful, you know, who's able to change that?
35:44
You, you don't blame the receptionist. You fix it. I mean, you have to, and you,
35:49
again, you might have to do it through channels or what, or whatnot, but, but I've, look, it's,
35:55
a lot of these didn't come because most of these came because of, of mistakes that I've made
36:02
while trying to build Dallas lease returns, you know, they weren't just ideas. Hey,
36:07
I've got this great idea. I'm going to, you know, I'm going to never make bad policies to
36:11
govern bad and poisonous because I was doing it incorrectly. You know, not managing by me.
36:15
I was doing these. These are all, these are all things that I needed to correct.
36:19
Everything here are things that I needed to correct. And so yeah, the making sure you're
36:23
not the problem is absolutely an important one. Look, if, if things are not working in your
36:29
dealership and you're the head of the dealership, I mean, yeah. And actually you can even take it
36:35
all the way down to the sales manager, anyone, if it's not working for you,
36:41
figure out what you need to do. You're in charge of everything, everything around you.
36:46
100, 100%. So, so, so I just want to, you know, I just want to, this is amazing time that we
36:53
spend together. I started in Capital One when we were nothing, just a few floors, built a whole
36:59
bunch of business in Capital One. But the insights that I find and the leaders that I find in the
37:07
dealership community is very inspiring to me. I've learned a lot from all of you. And I just
37:15
want them to know that you are one of the most successful people in all of the United States.
37:21
And the United States is one of the most competitive markets, if not the most competitive
37:26
market in the world. And so the three major insights from Chris that has made him a beacon in the,
37:36
in the market is, is be a leader. That's one, never make policies to govern bad employees,
37:47
simply don't have bad employees. And the third and the really unbelievably powerful one is,
37:56
make sure you are not the problem. But thank you, Chris. I really appreciate you spending the time
38:01
with us. Oh, thank you for having me. I'm looking forward to many years of, of working together.
38:11
This has been Three Key Insights with Sanjeev Yajnik. Now let's turn those insights into action
38:17
and take the lead. We'll see you next time. The views and opinions expressed by guests on this
38:22
podcast are solely their own and do not necessarily reflect the official policy or position of Capital
38:27
One Auto, Capital One, NA or its affiliates. This content is provided for informational and
38:33
educational purposes only and is not intended to serve as financial, legal, tax or business advice.
38:40
Viewers should consult their own independent professionals regarding their specific individual