Just don't ask about the payments. They're cashflow positive so obviously payments are taken care of.
I thought this was a valid response on Tex:
Yes APR is now cash available, because Mangrove injected capital. And I'm assuming Mangrove would like to see a return on the investment. If someone wants to suggest APR is cash flow positive seperate from lets say the racing programs and jets, then why remove the management as well? Why continue with the downsizing if the core business was doing so well?
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But these lame self promoting announcements APR is known for, up to and including the recent "APR is revolutionizing the tuning industry" announcement revealing the oh so amazing ODB flashing announcement is just the latest in a long line of BS press releases. Like "only APR engineers up to OEM standards" wtf? Or the releases touting APR as acknowledged leader in tuning?
This is nothing but an internal document to keep workers from panicking and running out for dealership technician jobs or seeing if REVO is hiring.
You want to run a tuner successfully? It's all about the cheap marketing. Forum posts, YouTube videos, asking for people to volunteer for beta software (and NOT friends of employees but rather, lottery it out to forum members on the stipulation that they are willing to go a month without their car and you're not liable for engine damage). Minimize your overhead costs.
No more fucking jets and champagne.
I agree with the statement that "owned by car guys, for car guys" is a bad way to run a business. You're surrounded by too many products you want to use. I'd trust a CEO running a tuning brand that drives a Corolla and used to manage a software startup over some former enthusiast who successfully peeled software tuners away from other companies and drives a tuned R8 himself.
I remember back when I had a Corolla there wasn't a lot of aftermarket support. This guy took out a bank loan and made a manufacturing deal with a brand to make cold air intakes for Corolla's. He even applied for CARB exemption in California and dyno testing. They were like $189.99 and people were pre-ordering loads of them. It was a smart idea and initially it looked good. Unfortunately the guy who started that brand, Sean, was into cars as well and also drove a Corolla. So his eyes lit up with all the parts he had and he just started throwing stuff into his car. Probably $20,000 went into his car which doesn't seem like a lot, but it's monumental when 100 people who paid $189.99 for an intake never got their intake shipped to them. He shipped out like 20 and then he just shut down.
He wouldn't even reply to forum posts. So all in all, it's good if your technicians, tuners, engineers and sales people are fans of your products but it's potentially a disaster when your executive management is.
"Never get high on your own supply."