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Frank Myers Auto Named To Inc. 5000 Hall of Fame

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Triad based used car dealership inducted to Hall Of Fame

Frank Myers Auto achieves hall of fame status

Frank Myers Auto Maxx, LLC  has been named to the Inc. 5000 Hall of Fame for being recognized as one of America’s fastest growing companies for 5 consecutive years. The Winston-Salem, North Carolina-based used car dealership received the honor at the 37th Annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies, announced this week.

Annually, Inc. magazine ranks the most prestigious and privately owned companies in the nation. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small businesses. Companies such as Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.

“It’s an honor that we were named to the Inc. 5000 Hall of Fame,” said Tracy Myers, owner of Frank Myers Auto Maxx. “I’m so very fortunate that my family has been able to serve the Triad in some capacity for over 90 years and that I’ve been able to play a small role in that. I truly believe our dealership is the BEST place to buy a nicer, newer vehicle because we focus on our customers needs and wants first instead of their pocketbook.”

Companies on the 2018 Inc. 5000 list have showcased staggering growth, with a three-year average of 538.2%, and a median rate of 171.8%. Inc. 5000 companies have accounted for 664,095 jobs over the past three years.

“If your company is on the Inc. 5000, it is unparalleled recognition of years of hard work and sacrifice,” Inc. Magazine Editor-in-Chief James Ledbetter said. “The lines of business may come and go, or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.”

The Inc. 5000 list, which began in 1982, has become the hallmark of entrepreneurial success. The 2018 list is Inc. Magazine’s 37th annual ranking.

 

Frank Myers Auto Maxx Names To List Of America’s Fastest-Growing Private Companies By Inc. Magazine

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inc awards frank myers autoFor the 5th Consecutive Year, Frank Myers Auto Maxx Appears on the Inc. 5000 list with Three-Year Sales Growth of 114%

Inc. magazine today ranked Frank Myers Auto Maxx  #3006 on its 35th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small businesses. Companies such as Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.

“I’m grateful for the amazing Team Members who made this happen, I’m thankful for our community for allowing the Myers family to serve them for the past 85 years and I’m appreciative of the world’s most loyal customers…the customers of Frank Myers Auto Maxx…for allowing us to serve them and provide them both automotive service and repair as well as with nicer, newer cars,” said Tracy Myers, owner of Frank Myers Auto Maxx. “And while this recognition is humbling, my goal is to never lose sight of the fact that NONE of this would be possible without God because all things are possible through him.”

The 2016 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. (available on newsstands August 23) is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year growth of 433%. The Inc. 5000’s aggregate revenue is $200 billion, and the companies on the list collectively generated 640,000 jobs over the past three years, or about 8% of all jobs created in the entire economy during that period. 

“The Inc. 5000 list stands out where it really counts,” says Inc. President and Editor-In-Chief Eric Schurenberg. “It honors real achievement by a founder or a team of them. No one makes the Inc. 5000 without building something great – usually from scratch. That’s one of the hardest things to do in business, as every company founder knows. But without it, free enterprise fails.”

More about Inc. and the Inc. 500|5000

Methodology

The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2015. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2012 is $100,000; the minimum for 2015 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000.

About Inc. Media:

Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 15,000,000 today.  For more information, visit www.inc.com.

The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation’s most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.

 

How Big Should Your Auto Loan Down Payment Be?

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cheap used car down payments

Purchasing a car is one of the largest investments we make. It can be a challenging field to navigate especially when considering financing options with bad credit. In order to start rebuilding bad credit, you have to enter into an affordable agreement and make timely monthly payments that you can afford. Most vehicle financing programs start with a down payment followed by a term length agreement, where you choose how long it take you to pay back your lender but some dealerships offer no money down programs for buyers. Choosing how to balance term length and size of down payment can be difficult and should be carefully considered.

How big a down payment do you need?

It’s possible that you won’t need a down payment at all and even those with poor credit can to benefit from these programs. When considering a down payment it should be noted that contributing money upfront can help reduce both your interest rate and your term length. While many factor contribute to your interest rate, a down payment will often afford you a lower interest rate and a lower monthly payment. If keeping your monthly payments low is high on your priority list, then contributing a larger down payment is a must or you selecting a less expensive vehicle.

If you’re credit score is low or less than ideal, you should save up a reasonable down payment so you can secure a better rate. A lower credit score will yield a high interest rate so your best bet is to pay a little more up front. That said, don’t be scared to look around for the best loan rate. If you know your budget and can put forward a 30% down payment but you can get the same or a better rate for only 20% down, hold on to that extra cash.

If a new vehicle is in your future but you don’t need it right away, start putting some money aside. Only you know what’s best for your personal finances and if purchasing a car outright isn’t for you then having a healthy savings to dip into where if you don’t use it all you’ll have a little extra cash for monthly payments if need be. Plus, being able to come to the table with some more money behind you may put you in a better bargaining position. If paying that extra 5 or 10% gets you a lower rate or shorter term, it may be worth it in the long run as the longer you take to pay people back, the more interest you’re going to pay.

While you’ll hear some mixed messages around how much you should be paying, the consensus seems to be that at least 10% down is ideal. We know that this isn’t always possible especially if your need for a new car is sudden. If you can’t manage this or any down payment, speak with a qualified auto loan specialist such as the ones at Frank Myers Auto Maxx in Winston-Salem  and discuss your options. Having bad credit or limited options doesn’t have to prevent you from securing a great quality vehicle at an affordable price.

Frank Myers Auto Named One Of Country’s Fastest Growing Businesses

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Winston Salem Car Dealer Wins Inc AwardInc. magazine has named Winston-Salem based used car dealership Frank Myers Auto Maxx, one of the Fastest Growing Small Businesses In America for the second consecutive year. The exclusive ranking was celebrated with a gala on October 12, 2013 in Washington DC and featured Gary Vaynerchuk, Jim Collins, Marc Ecko and other notable speakers. Past members of the INC list include Facebook, Intuit, Zappos, Under Armour, Microsoft, Jamba Juice, Timberland, ClifBar, Patagonia, Oracle and Zipcar. In addition to Frank Myers Auto Maxx, the list added such powerhouses as Publix Supermarkets, CDW and Levi Strauss.

“For more than 30 years, Inc. has celebrated the fastest growing private companies in America. To be honored this year is a particularly notable achievement. To rank among the Inc. 500/5000, the companies had to thrive through three of the toughest years this economy has seen in recent memory. Success in such times is eloquent testimony to creativity, resilience, and tenacity,” said Inc. Editor in Chief.

“When my great grandfather opened the first Frank Myers store more than 83 years go, I would like to believe that he wanted his family to carry on the excellent business legacy that he began. This award is dedicated to him, my dad, and the other Myers family members who came before me and who will come after me,” said Tracy Myers, owner of Frank Myers Auto Maxx.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.

The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.

For more about Frank Myers Auto Maxx, visit their blog at https://www.winstonsalemusedcars.com

Staying On Track In 2013

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Happy NEW Year…Almost! 

WOW! How did February get here so soon? It seems as if we just celebrated New Years Eve and now Valentines Day is already upon us. However, it’s still early enough into 2013 to claim this as a “new year” and there’s something invigorating about it. A fresh start. A blank page. The chance to make a change. The opportunity to make this year better than the last. Kind of like the first day of school all over again.

With all the holiday decorations put away, the house feels renewed. Around the dealership, people seem to be on a mission. Everyone has things they want to accomplish and I’m no different.

I’ve got big goals for 2013! One big goal is helping even more people get out of cars they hate this year. Another goal is to be healthier. The older I get, the more I realize the truth to the statement, “Health Is Wealth.” Which didn’t stop me from overindulging this holiday season. So here I go again, the sugar has gone away and fruits and vegetables are here to stay! I’m eating better, even if my attempts at poetry continue to fail.

But enough about me.

What are your goals? I encourage you to figure out what you want to achieve this year and then write down your plans. It’s important to write your goals down so that you won’t forget them.

Make time to review your goals each month so you can keep focused on what you want to get done in 2013. Sadly less than half of people who make goals and resolutions fulfill them. Break the chain and be victorious. Make sure that you’ve set goals that motivate you. Don’t set too many either. Focus on a few things that are the most important to you.

It’s also important not to rush your goal setting. Take the time you need to create goals that mean something to you so that are spending your time achieving things that really matter to you!

One thing that can guarantee your success is to find a way to track your progress, whether that is through a real person or a virtual assistant.

So if you can find a partner to help keep you on track, great! If not, I put together a list of virtual resources for you to make tracking more efficient.

Lifetick.com

Lifetick is web-based software that brings together goal setting and achievement through an intuitive and easy-to-understand process. Like a personal goal trainer, this tool helps you gain perspective, stay on top of tasks, measure performance and manage your goals on the go. Accessible from smartphones, with a mobile Web version. Free trial version. Uses SMART methodology.

ToodleDo

ToodleDo allows you to set multiple goals and associate your tasks with those goals. It’s convenient because you can create an action plan or at least a set of tasks that will help you achieve your goal. Both web version and mobile apps are available.

Joe’s Goals

Joe’s Goals is a free daily goal or habit tracking web tool with a simple and pleasant interface. You can create multiple goals and check off each day you accomplish them. A daily score helps you stay motivated, and you can also share your progress with others. Ease of use and simplicity are this tool’s key strengths.

MyGoalPlanner.com

MyGoalManager.com is a goal planning and organization tool that gives you everything you need to be your most organized and productive, even when mobile. The system helps you maintain better organization, craft detailed action plans, prioritize and more.

43 Things

43 Things is a social goal-making site that helps you create your list of goals, set reminders about your resolutions, and connect with others who have similar goals. The community aspect of 43 Things is what makes it shine: you can get inspiration for new goals and adopt others’ ideas, send and receive “cheers” for supporting resolutions, add comments and progress updates (the site connects to your Facebook account) and more with the free service.

TheCoveyCommunity

The Covey Community is an online community built upon the principles of Stephen Covey’s 7 Habits of Highly Effective People. It’s a support system with the sole purpose of helping people achieve the most important things in their lives. Features include a goal wizard, goal-setting programs, daily progress tracking and journals.

Declare-It

Declare-It is an online application that helps you easily create, track and be held accountable for your goals. It focuses on seven different areas of achievement to help you develop better habits and achieve your goals. It includes a built-in accountability system.

GetGoaling

Get Goaling is an online tool to help you set goals, plan actions and make progress. It is simple to set goals and track them to completion with the included goal setting tools and tracking options.

GoalEnforcer

GoalEnforcer is a visual goal planning software that can help you plan, get focused and accomplish goals. You can set and rearrange a goals by dragging and dropping virtual objects. It includes color coding, status reports, and progress chart features for goal tracking.

GoalPro

GoalPro is goal setting software that lets you create, categorize and simplify goals. It includes action processes, performance tracking, reporting and daily journals to help keep you on track.

GoalScape

Goalscape goal setting software provides a unique visual display to help you identify, develop and communicate the key elements of any complex challenge, including overall structure, relative importance, and progress tracking. The tool lets you break down your challenge into manageable parts and track your progress.

GoalsOnTrack

An online goal setting tool to help you create SMART goals, track progress, manage goal-oriented tasks, plan daily activities, keep a journal, review reports and more. Best for anyone looking for a full-featured goal planning/achievement system. Offers a 60 day money back guarantee.

AchievePlanner.com

Achieve Planner is time management and life planning software for Windows that helps you get organized, get focused, and make better use of your time. You can work with multiple projects and goals without feeling overwhelmed, plan your time for maximum productivity, and feel more focused and productive while you work toward your goals.

Goalmigo

Free goal setting and tracking site. Fun source of motivation. Participate in the community. Give and hare some inspiration.

Don’t Break The Chain

Don’t Break The Chain is a simple calendar designed with the Jerry Seinfeld motivation technique in mind. Don’t Break the Chain! has the simplest of interfaces and can be integrated with iGoogle and Google Chrome. Best for completing a single goal in a quick and visual way.

StickK

If you’re the kind of person who really needs more motivation, StickK may be the Web tool for you. The site gives you an option to commit money to the goal. Then if you don’t achieve it, StickK will send your money to a friend, charity, or an organization you don’t like (as a further incentive to make sure you achieve your goal). StickK says that your chances of success when you put actual money on the line increase up to 3X.

Wow, that’s a lot of choices. Perhaps your first goal should be to decide on one of my recommendations. Until next time…

About The Author

Tracy Myers is the owner of Frank Myers Auto Maxx. He is also an award-winning small business marketing & branding solutions specialist, car dealership owner, best-selling author, speaker, business coach and entrepreneur. He is commonly referred to as The Nation’s Premier Automotive Solutions Provider while Best-Selling author and legendary speaker Brian Tracy called him “a visionary… a Walt Disney for a new generation.”

He is also a Certified Master Dealer and was the youngest ever recipient of the National Quality Dealer of the Year award by the NIADA, which is the highest obtainable honor in the used car industry. His car dealership, Frank Myers Auto Maxx, was recently recognized as the number one Small Business in NC by Business Leader Magazine, one of the Top 3 dealerships to work for in the country by The Dealer Business Journal, one of the Top 15 Independent Automotive Retailers in the United States by Auto Dealer Monthly Magazine and one of the fastest growing privately owned small businesses in America by Inc. magazine.

Tracy has been featured in publications such as Forbes, USA Today and Success Magazine, been profiled on The Biography Channel and The History Channel, written for Fast Company, been a guest business correspondent for the FOX News Network plus he’s appeared on NBC, ABC and CBS affiliates across the country. His inspirational stories and strategies for success have given him the opportunity to share the stage with the likes of Jack Canfield, Zig Ziglar (Author of See You At The Top), James Malinchak (Star of ABC’s The Secret Millionaire), Brian Tracy, Bob Burg (Co-Author of The Go-Giver), Tom Hopkins and Neil Strauss (Author of The Game & Co-Author of The Dirt with Motley Crue)…just to name a few.

Tracy is recognized as one of the top thought-leaders in the business world and has authored or co-authored 7 best-selling books alongside Brian Tracy (Author of Eat That Frog), Jack Canfield (Author of The Secret, Creator of the Chicken Soup for the Soul Series), Tom Hopkins (Author of How To Master The Art Of Selling) and many others, including the breakthrough #1 hit YOU Are The Brand, Stupid!. He was also featured in the Emmy nominated film “Car Men”, which won 5 Telly Awards, and is an Executive Producer of the film “Esperanza”.

As the founder of his own coaching & consulting program, Tracy teaches ambitious professionals, entrepreneurs and business owners how to get noticed, gain instant credibility, make millions and dominate their competition by building their expert brand.

Tracy spends his spare time with charities that are close to his heart and has made his home in Lewisville, NC with his wife Lorna and their two children, Presley and Maddie.