THIS IS PART 1 of 2: This episode is about business, and how David built and is continuing to build his businesses. David Hsu is an unapologetic capitalist who believes in free market forces which basically state that if your product or service is less-valuable than a competitor then the market will deal with you. In this first part (of two) we discuss how to bring a product to market, design patents, EBITDA, the four F’s of raising money, and David offers two things you must understand if you’re building a business.

  Modern Automotive Performance is a unique performance parts distributor that focuses on Mitsubishi EVO, DSM, Subaru, and Ford Ecoboost Mustang (among others). With 38 employees, the operation is relatively large. Chris tells the story of how he started with car stereo, and then graduated to performance work. His business was largely focused on custom performance tuning and has since cut that business segment to focus on the company’s strengths; engine building and parts retailing. We discussed three things that make his business unique and about their competitive advantage. This episode has really great insight into how to hire and...

  Scott McIver owns Kaizen Tuning, (Kaizen, what a killer name right!?) in Boxborough, Mass. His company specializes in GTR and EVO X and services a full list of other cars as well. We talked about what it looked like for Scott to create and grow Kaizen Tuning and how he went from the family business into the performance tuning business. Scott is fired up about one particular strategy that’s creating great returns. Be sure to listen all the way to the end where Scott tells about the strategy he’s using to create new customers.

  Steve Nichols is a stand-up guy from Lexington, Kentucky. He’s been involved with Dyno Dynamics since the early 2000’s and he’s got a hell of a story to tell. He originally worked for Toyota but when the exchange rate was in his favor, he saw and opportunity and jumped on it. Now, nearly a decade and a half later, Steve talks about his successes and failures and what he’s learned over the years.

  Matt Wright is an Aussie with 12 years in the biz. He works as the brand manager for Haltech Engine Management Systems and moonlights as an instructor for EFI University. Matt has spent his career working with Haltech, starting in an entry-level position and now he oversees certain technical aspects for the company. He’s worked his way up from the bottom to his current position and he’s got great insight and advice to offer us. He’s an intelligent guy with some killer insight into the performance business. I learned a lot and I think you will too. Enjoy.