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Jon McNeill

๐Ÿ‘ค Speaker
610 total appearances

Appearances Over Time

Podcast Appearances

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

Yeah, so I went to the shop owner, and I said...

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

Tell me what the average time it takes between a customer dropping it off and a customer getting their car back.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

And he said, yeah, I can tell you that it's 18 days.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

I said, how do you know that?

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

He said, that's the average rental car time.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

I said, okay, that's pretty good proxy.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

I said, how many hours of labor do you bill on each job on average?

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

He said, oh, that's easy, six to eight.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

And I went 18 days to get six to eight hours of work done.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

That looks like an opportunity because that's the difference.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

Cycle time is the 18 days.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

That's from the beginning to the end of the process.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

And touch time was the amount of time that those technicians were actually touching the car, six to eight hours.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

And I went, oh, that looks like an opportunity to maybe turn this industry around for the consumer.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

What if you could go to market and say, you'll get your car back in a day?

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

versus the 18 days of the rest of the guys down the street.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

That's when I started to diligently say, let's start a business.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

So I grabbed some guys that I had worked with and we started to work on just doing that.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

We ended up with the largest, at the time, collision repair chain around the country.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

What was it called?