An obsession with opportunities started early with multi-venture entrepreneur Skip Thaler. The picture of Skip and Jill is taken in Turkey. We begin our first of three conversations when Skip is out of graduate school and working at IBM to give you and his family a foundational view of how Skip turns the art of sizing up opportunities into a financially successful, disciplined practice. A unique look into how opportunities are shaped and molded into viable businesses.
Wholeheartedly engaging curiosity and passion doesn’t come without sacrifice, disciplined commitment, and experimentation within the boundaries of ethics, morality, and sanity. You will hear that underlying theme as we begin analyzing each of Skip’s multi-million dollar ventures. DOWNLOAD
Skip goes about the tedious work of mining his history for pearls of learnings over seventy-some odd years methodically. Not unlike the attention to detail paid when dissecting each new venture calculating the financial risks and polishing off each grouping of learned lessons from the prior venture. You will hear Skip explain five prominent learned lessons from his early ventures. This includes a 5, 5, 2 theory he learned in his tire business. Is this theory what led him to his next venture with Tires Plus?
His keen eye for observation and critical thinking help him face hard facts. The numbers don’t lie, and neither does the interpreter. His focus isn’t bent toward exploiting accounting loopholes and trying to outsmart tax laws to avoid responsibility. His mind is on exacting out financial details and getting the most out of the opportunity. This includes having everyone’s best interest at the heart’s center in each venture.
You will hear how Skip creatively thinks about solving customer issues building customer loyalty in a competitive tire business climate. A key strategy in creating profitable and sustainable businesses. Fulfilling the promise of really solving the customer’s issues.
Each new business takes a small collective village of people seeking to prosper with you while contributing to local, national, and international business communities. The local community is within the microcosm of what we call home.
Skip will be the first to tell you the best decision he made was to marry his high school sweetheart, Jill Kroll, building a life together with their three children, and seven grandchildren. Skip was born into an entrepreneurial lifestyle. His mentor and father, who owned Petroleum Service, suggested Skip buy into his first real business investment, Fleetwood Franchise. This is where he learned how to build relationships, leverage them, and solve customer problems.
Skip’s success is tempered by humility and compassion for others. Listening to Dolly Parton describe her ambition at age 74 during Friday evening’s PBS Newshour sparked a thought about Skip. Dolly Parton describes her ambition and inspiration—releasing a Netflix musical and her first album in 30 years “A Holly Dolly Christmas,”—saying this, “I would rather wear out than rust out.” Skip has embraced that same philosophy and so have I. Enjoy our conversation.
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Episode Resources
Tires Plus published history: In 1976, two Shell Oil colleagues launched Tires Plus with three former Shell service stations in the Burnsville, Minnesota area. In 2001, Tires Plus was acquired by BSRO; today, Tires Plus has more than 5,000 teammates working in 400+ stores in 23 states. The Big Book of Small Business: You Don’t Have to Run Your Business by the Seat of Your Pants February 6, 2007, by Tom Gegax and Phil Bolsta
Conscious Attentive Leadership Mentoring
After listening, do the following three WeMentor C.A.L.M. Exercises:
- Take this risk: Take a look at the venture you are in. Crunch the 2020 numbers. Assess what is going on in your industry. Make a list of the opportunities you see within this unsettling time and in the industry you are in. What can you do to help create stability? Where can you seize an opportunity to develop, shape, and mold in 2021?
- Apply Self-Compassion: Sit with the list of opportunities and focus on your breath for six minutes. Once you emerge from your meditation, write down budding thoughts. Breathe gently for a few more minutes. Decide what your next step will be. Move into action.
- Welcome Appreciation: I am grateful to unpack Skip’s multi-venture entrepreneurial life with him. Analyzing a venture brings so much joy, especially when there has been such a history of critical thinking, acknowledging the facts, and implementing new learnings into each new venture that has been financially prosperous. Thank you, Skip, for taking this leap of courage to share your life experiences with us. Your Turn, say out loud what you are appreciative of and grateful for after you listen to our conversation. Keep adding to the list each day and share with loved ones on Thanksgiving.
“I believe finally, that education must be conceived as a continuing reconstruction of experience; that the process and the goal of education are one and the same thing.” – John Dewey
Mine your experiences with new learnings so you can reinvent (or evolve) yourself as you redesign your business. When WeMentor… your life gets better!!! Mentoring WORKS.
Podcast Guest Mentor
Skip Thaler. Multi-venture entrepreneur, Skip Thaler, loves the challenge of starting and growing successful new businesses. He is hard-working, generous, and competitive. Prospecting and capitalizing on opportunities in the marketplace to create new businesses has been the lifeblood of his success.
Skip was raised in Chippewa Falls, WI, as the eldest of 4 children. His father was influential in his successful entrepreneurial journey that began in the 1960s. He married his childhood sweetheart Jill Kroll and was blessed to have raised three adult children: George, Sara, and Tim. They now have seven grandchildren.
Skip’s undergraduate degree was earned from the University of St. Thomas, St. Paul, MN in Business and Economics. His master’s degree is in International Business from Bowling Green State University in Ohio.
His first job out of school was in sales with IBM. He left there to start a manufacturer rep. A business selling Fleetwood tires. And that led to the most successful Fleetwood Franchise in the United States. He created a brokerage tire business to sell discontinued and blemished tires that grew into $13M in sales per year. This financial success positioned him to merge his company with Tires Plus, combining the sales volume to $25M.
Episode 253: The Art of Shaping New Opportunities with Skip Thaler, Part I
Author: Nancy A. Meyer, M.A.
Nancy A. Meyer, M.A., is a seasoned entrepreneurial leader, business and life mentor/coach/teacher, podcaster, author, and certified mindfulness yoga and meditation integrator (she integrates those skill sets into everything). Nancy’s compassionate and collaborative approach reinforces resilience while maintaining accountable conversations supporting how you redefine your lead while redesigning your business. Nancy calls this “Dual Innovation Leadership.” Nancy founded WeMentor, inc. in 1992 to change the leadership in our country by providing emerging and existing business owners with mentoring in Dual Innovation Leadership. She has mentored thousands and is eager to work with you! Assert self-leadership and get started today! Clients say, “Nancy is a compelling, engaging, and ‘decipher the trees from the forest’ kind of mentor, speaker, and leader. A dedicated entrepreneurial leader and mentor who role models what she preaches. Her style and candor enrich the content she delivers and the results clients experience.” Nancy accepts people where they are while inspiring them to breakthrough into new dimensions: As an Entrepreneurial Leader (Innovator), As a Competent Business Owner (Practitioner) As a Mentor (Role Model) As a Spiritual Being and Self-Leadership Master! Start by subscribing to WeMentor Mondays with Nancy PODCAST. Join your peers and...
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