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Richard Rawlings Essay

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Richard Rawlings has a successful business empire in Dallas, Texas built around fast cars. In just eight years, he expanded his business from being just a car repair and modification shop to a mega-successful brand known as Gas Monkey in recent years that repairs and builds cars, serves food, provides live entertainment, and races in different racing classifications. While primarily focused on the car part of the business, Rawlings’ success depends on his knowledge of the factors of production. He is a true, modern day entrepreneur. “Rawlings is first and foremost an entrepreneur. He wants to sell a style, push a brand, and make sure Gas Monkey Garage never stops growing” (gasmonkeygarage.com). There have been some challenges along the way but the Gas Monkey …show more content…

In a business where being precise is paramount, being a detail-oriented person is essential. “They owe their success to a strict business model. They don’t buy parts-only whole models without too much rust. Owing to his business background, Rawlings has a handle on the market, and knows the price he ought to pay. In ninety days or less, the job will be done, whether they start with a decent model or a carcass. Then it’s onto the next job without hesitation” (gasmonkeygarage.com). The employees must work on tight deadlines and be committed to creating the best cars in the market. He builds and sells cars starting around $5000 but as much as $500,000. The garage cannot afford mistakes. Richard Rawlings is a success story. He takes risks where needed in order to grow his business. He trusts Aaron Kaufman to run his shop while he works to buy and sell cars, manage all of their other ventures, and keep the business going. “The dynamic is vital, the common ground being their mutual love of classic cars”

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