Nashville, TN (PRWEB) September 15, 2010
James P. "Jim" Patton, a heating and air conditioning repairman who learned how to do mergers and acquisitions by reading The Wall Street Journal and now runs a global firm, has written a book about the lessons he learned along the way to becoming a true American success story.
Life in the Turn Lane: A Story of Personal and Corporate Turnarounds and the Principles that Make Them Happen was released today by New Vantage Books. The book chronicles Patton’s rise from an HVAC technician to founder of KPAC Solutions, a private equity firm that buys, turns around and sells distressed manufacturing companies throughout the world.
Turning around failing companies is not only Patton’s profession, but it's also a metaphor for his life. Life in the Turn Lane recounts how he learned to navigate the curves that can turn hopes into fears and dreams into nightmares.
Patton thought he was dreaming big when he set a life-long financial goal of making $20 an hour. Now the entrepreneur one business publication calls the “billion-dollar repairman” makes more than that every minute.
Although he learned mostly the hard way—getting fired from his first job, losing everything in a major acquisition, and watching a partner walk away with profits that should have been his—through Life in the Turn Lane, he shares priceless insights so readers can move ahead less painfully than he did.
Once a naïve dreamer lacking experience and a college education, Patton recounts with a touch of humor the trials and tribulations he went through while turning around failing subsidiaries of Fortune 1000 companies and making them profitable.
When he first heard of The Wall Street Journal, Patton thought it was a book. A librarian quickly set him straight and directed him to a nearby newsstand for a copy. At the time, the financial terms were unfamiliar and confusing, but Patton kept reading. A decade later, he thought he was ready to make his first major acquisition, only to discover he was in over his head, eventually losing the company, his family’s house and personal savings.
Patton got a second chance, learned from his mistakes and found himself on the verge of financial independence, only to discover he had outsmarted himself, leaving him to negotiate with New York City’s “king of dealmakers” in hopes of saving everything he’d worked so hard to achieve.
Throughout his book Patton highlights his story with 40 memorable “Patton Principles” to equip readers for daily and long-term success. He also shares his “Turning Points” to show how life can set a person up for the next great step, and he offers “10 Business Directives” so readers can be ready to negotiate major turns and potholes that every businessperson comes to sooner or later.
His book also discusses the critical areas of managing the turnaround of a manufacturer, provides commentary on topics ranging from capitalism to labor, and lays out a blueprint of what needs to be done to revive America from its manufacturing doldrums.
Life in the Turn Lane will educate, encourage and inspire anyone who wants to pursue the American dream. It can be ordered online at Amazon.com or at http://www.LifeInTheTurnLane.com. Net proceeds from book sales will be directed to Christian ministries and other charitable organizations.
For more information, visit http://www.JamesPPatton.com.