We had the good fortune of connecting with Michael Farr and we’ve shared our conversation below.

Hi Michael, we’d love to hear about a book that’s had an impact on you.
Good to Great.

Good is the enemy of Great. I believe this says it all.

What should our readers know about your business?
As a pawn broker, we became first to market with our on line Title Lending operation. We believe, we will be a market disrupter in this space. I got into this business by default and a failed opportunity. I was a used vehicle dealer that focused on Sub-Prime auto loans. I lost my lender in 2009 during the sub-prime market crash. At the time, I lost my lender, I did not know what I wanted to do. I always wanted to be in the pawn business and decided to open a pawn shop. I started doing title loans and saw that this is what I had been doing all of my life. The only differences is I am changing the way I acquire the asset. which ultimately is a loan. Prior, I acquired the asset by buying the car at auction then selling the vehicle to a customer and obtained the loan that way. Now, the customer brings me the asset, and I loan money on the vehicle without having to go to the auction and have all of that inventory on the lot. It makes its much easier and the finance charge is better.

If you had a friend visiting you, what are some of the local spots you’d want to take them around to?
We would make sure these items are on the Itinerary:

Home at the pool.
Golf at the Country Club
Eat at Nuevo Laredo Cantina.
Eat at Gun Show
Concert at Chastain Park
Cigars and Jazz at our new venture Zanzibar Blues

Shoutout is all about shouting out others who you feel deserve additional recognition and exposure. Who would you like to shoutout?
I would like to give a shout out to my Father Mel Farr, Sr. who instilled in me the value of entrepreneurship. The never, never give up mentality and the will to win at all cost.

Website: www.firewaterpackage.com www.titlepal.com

Instagram: firewaterpackage

Linkedin: linkedin.com/in/michael-farr-22946854

Twitter: @mikerfarr81

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