auto dealer in black and red logo
MenuMENU
SearchSEARCH

Thoughts on Success

Portfolio expert, writer and speaker shares insight on how to propel business through the right mindset.

July 15, 2024
Thoughts on Success

If your subconsious is given a positive state of mind, '“you will be so energized, so pumped.'

7 min to read


For David Ibarra, success starts in the mind.

After more than a quarter-century in the automotive industry, the leadership coach knows that so much of what needs to be done can’t be done, at least not well, until a person gets his or her mind right.

Ad Loading...

So he started his address at the recent Bobit Dealer Group Agent Summit with that, er, in mind.

The first of 10 principles Ibarra presented as essential to developing an extraordinary agency was, intentionally, leveraging the power of thought, specifically positive thought.

“If you have a negative state of mind,” he said, “will you have any desire to do anything different than what you’re doing now?”

Of course not, he answered his own question. And since, he said, 80% of our thought life is subconscious and the subconscious “has only one job, and that is to do whatever it is told to do,” if it’s given a positive state of mind, “you will be so energized, so pumped.”

On the other hand, a negative state of mind results in attachment to emotions such as fear, disbelief and generally a no-can-do attitude that doesn’t benefit the person or the agency.

Ad Loading...

Purposeful Foundations

Beyond adopting a positive state of mind, though, should be a clear purpose, one of Ibarra’s five core, or foundational, principles of the 10. Otherwise, a business can founder or even fail, he said. Purpose, he pointed out, is essential to an agency’s future.

The president and CEO of agency Ibarra Business Group and a managing director of finance-and-insurance product provider Portfolio learned this principle as a teenager, aimless in life after spending most of his first 14 years in foster care. A series of directionless moves found him as a dishwasher at a Farrell’s Ice Cream Parlour Restaurant, when in walked the company’s founder, Robert Farrell.

“You’re the most important person of anybody in this restaurant,” Farrell told the young Ibarra, who thought that idea preposterous.

Farrell, seeing the boy’s skepticism, pointed to a birthday a family was celebrating for a little boy in the busy restaurant dining room that day and asked him the type of business Farrell’s was in.

“I said, ‘The ice cream business,’” but Farrell shook his head and told him to consider the birthday boy. Ibarra did so and suddenly understood what the owner of what was then a 25-restaurant chain meant. “Are we in the memory business?” he said, Farrell affirming his new answer.

Ad Loading...

The point was made: Farrell’s, though it had done all the right things before – a delicious ice cream recipe served in well-located spots on crockery instead of disposable dinnerware – struggled until it established itself as the place for ice cream lovers to celebrate milestones.

Ibarra took the lesson of purpose, along with his reading at Farrell’s urging of Napolean Hill’s Depression-era book extolling the power of positive thinking, “Think and Grow Rich,” and started to transform his life and career. Farrell became his mentor, and Ibarra’s trajectory ultimately led to his adaptation of Hill’s philosophy that guides his consulting and speaking today, including making a priority of developing talent through his agency and the dealerships it serves.

When an early-career setback moved him to switch from restaurants to automotive retail, he carried the lesson with him to inform his new career, using it as a platform to introduce his training philosophy until starting his company a decade later to teach the same.

“This is my favorite topic,” he told the room at the Cosmopolitan in Las Vegas. In fact, he said, he’s the biggest licensee of “Think and Grow Rich” seminars in the world and was tapped to modernize Hill’s book as “Live Ready – Beyond Think and Grow Rich.”

Talent Tip

It turns out Farrell was right when he told the teenage Ibarra that he was the most important person in the restaurant that day. That is, no one person can carry a company, so every person on staff fills a crucial role. That’s why Ibarra today advises agencies to develop specialized teams.

Ad Loading...

He said it’s more important to know what one isn’t good at than what one is good at. When he started his company, he said he didn’t gravitate to reinsurance, one of its specialties. So he brought on someone who did and made that man the face of that division.

“If it was talent improvement needs, they’d say, ‘Call David.’ If it was reinsurance, they’d say, ‘Let’s call Henry,’” he recalls.

A team of people all doing what they’re good at and working in harmony puts a company in the “genius zone,” he said.

Act on Faith

Once an agency puts the first three principles into play, it can then proceed to do the things it set out to do when its principals formed it, but this point is where most people stop because it takes self-discipline and action.

Momentum begins with an idea, which is backed up with a plan, and followed by action, Ibarra explained.

Ad Loading...

“I learned that at 18 years old,” he said, referring back to his encounter all those years ago with Farrell’s owner, who told him his dishwashing job was inextricably tied to all the other positions. But each role must execute.

“Nothing happens until action is set in motion.”

Get Ready

Ibarra’s audience must’ve grasped by now that he layers his principles like a well-constructed ice cream sundae. The fifth wouldn’t gel unless stacked atop the first four.

That is the concept of a readiness mindset, or belief and enthusiasm, which he said can fuel all efforts, compelling each team member to do more than expected, take initiative, exercise self-discipline, focus, keep his or her ego firmly in check, cultivate discernment and maintain creative energy.

The last of those seven readiness essentials is when a person is “in creative overdrive,” Ibarra said, “and everything cool happens.”

Ad Loading...

“When you’re in that creative space, look for your big ideas.”

Ibarra follows his own personal readiness exercise daily that involves physical exercise, listening to his or Hill’s book, reviewing that day’s agenda, and reading his company’s mission statement and daily actions recommended for corporate leaders.

“When I walk out, I’m ready,” he said of this day-starting ritual, and he encouraged his listeners to develop their own readiness exercises to prepare themselves for each day on the job.

He shared the story of a Volkswagen dealership that secured his help with finding and developing leadership, starting with a new general manager. He met both requests, and he said the Salt Lake City dealer grew its sales from under 60 new units a month to more than a thousand across four locations, achieving top U.S. VW dealer status.

The Last Five

Wrapping up his talk, Ibarra gave an overview of the last principles to add onto the core ones for a full plan of attack.

Ad Loading...

The agency should view problems as life’s way of course-correction and opportunities to gain skills, knowledge and wisdom.

  • Demonstrate a pleasing personality, which Ibarra said follows naturally from practicing the first five principles.

  • “Look at [adversity] as an adjustment,” he said. “If you don’t have problems … ask God why he doesn’t trust you anymore.”

  • Cultivating “sound health” is always a good idea, Ibarra said. “When you’re happy, you’ve got good chemicals pumping out.”

  • Spend your time and money wisely.

  • The last is what he calls law of habit, or “the promise.”

“Everything we do is a chain of actions that form a good pattern habit or a bad pattern habit,” he said, “It is the law. But the good thing is we are in charge of those patterns. We’re the only animal on Earth that has been given the ability to control thought. That’s our gift, and that we should use.”

If learned and applied, the 10 principles, for which Ibarra developed 10 cartoons set to singalong songs to teach them to children, he said, “what goes home is a different parent, neighbor, partner.”

Like he did in developing his framework, he told his listeners to use it to find their “one big idea.”

Ad Loading...

ABOUT THE AUTHOR: Hannah Mitchell is executive editor of Agent Entrepreneur. A former daily newspaper journalist, her first car was a hand-me-down Chevrolet Nova.

 

 

 

 

 

 

 

 

 

 

 

 

Originally posted on Agent Entrepreneur

Subscribe to Our Newsletter

More Dealer Ops

two cars on a billboard, No Hidden Fees
ComplianceMay 1, 2026

Dealer Ads and the FTC

The agency has made it clear in recent enforcement actions and warnings, in auto retail and other industries, that advertised prices must include all nonoptional costs to the consumer.

Read More →
Closeup of white car's headlight, front end
Dealer Opsby Hannah MitchellApril 17, 2026

Used Autos Supply Dwindles

The March shopping surge, despite high prices, cut into inventory by the most since the thick of the pandemic, Cox Automotive analysts calculated.

Read More →
hands making protective frame over red car, Risk Reality Check, Be Proactive, Auto Dealer Today logo
Dealer OpsApril 1, 2026

Managing Risk Effectively Through Changing Times

The variables influencing risk pricing have changed significantly over the past five years. Being proactive and responsive to emerging trends is not optional but essential.

Read More →
Ad Loading...
Car key, stacks of coins, and a paper car cutout with AutoPayPlus logo, representing auto financing, loan terms, and vehicle affordability trends.
Dealer Opsby StaffMarch 31, 2026

Survey Reveals What Won't Fix What's Breaking Car Sales

AutoPayPlus says extra-long auto loans are trapping consumers and threatening the dealer trade-in cycle, and that the industry is leveraging the wrong tools to combat high MSRPs.

Read More →
Headshots of two male executives
Dealer Opsby StaffMarch 24, 2026

IA American Appoints Two Execs

Senior vice presidents of the company's agent and dealer channels chosen to support general agents and help auto dealers with sales and performance.

Read More →
Dealer Opsby StaffSeptember 8, 2025

Cox Automotive Acquires Inspection Firm

Full ownership of Alliance Inspection Management, or AiM, meant to unlock growth for Manheim inspection capabilities

Read More →
Ad Loading...
Dealer Opsby StaffAugust 26, 2025

Assurant Expands Partnership With Holman

Extended collaboration delivers training, products and performance development to 30 newly acquired Holman dealerships

Read More →
Dealer Opsby Hannah MitchellAugust 26, 2025

Franchises, Throughput Down in First Half

A handful of states see franchise growth through June, while EV sales per store boost overall business in U.S.

Read More →
Dealer OpsAugust 25, 2025

How to Build a High-Performance Sales and F&I Team

Performance and profits start with people chosen and led the right way.

Read More →
Ad Loading...
Dealer Opsby Hannah MitchellAugust 19, 2025

Buy-Sells Up in Q2

Kerrigan metrics show there’s plenty of demand, though many sellers are waiting to pull the trigger.

Read More →