For this episode, David is joined by Reid Tileston who spans the entrepreneurial and the educational worlds. He works to support entrepreneurs to go out there and make a difference in the world. Armed with the right information, spotting, fully understanding, and exploiting business opportunities becomes easier. 

David and Reid discuss, in-depth, how to find, buy and improve a good business.

KEY TAKEAWAYS

• Academic studies show that people who get deep into their purpose are the ones who feel the deepest level of satisfaction.
• Buying an existing profitable business, leveraging SBA financing, and selling it once the debt is cleared has the potential to be incredibly lucrative.
• Demographics means that there are a lot of profitable businesses up for sale, right now.
• There is a difference between being a business owner and an entrepreneur. Understanding that difference is important.
• It's an unequivocal scientific fact that we become like the people we surround ourselves with.
• Do not just listen to the voices in your own head when buying a business, get the opinion of at least 3 other knowledgeable business owners.
• Recurring or re-occurring revenue is critical.
• Figure out what your role will be in any business you are considering buying.
• Learn the business well, before making any big changes.
• Those who have the gold make the rules, so choose your partners carefully.

BEST MOMENTS

‘In layman´s terms are you all in?’

‘If in your gut it just feels wrong….why do it?’

‘You join a group of successful business owners to become more successful.’

‘Ask, Is my personality type aligned to having a partner?’

ABOUT THE GUEST

Reid Tileston bridges the gap between entrepreneurial theory and practice as an adjunt professor and multiple business owner, acquiring, growing and selling 4 times. Reid invests in entrepreneurial business owners, is a board member, and is an award winning paid keynote speaker. Reid co-created the curriculum for the Entrepreneurship Through Acquisition course at the University of Chicago.

Entrepreneurial Business Ownership is a path to freedom that can lead to fulfilling relationships and his book 'Grit it done' is the best first step.

EPISODE RESOURCES

Grit It Done is available for pre-order through the end of May 2024 at $0.99 and it would mean the world to me if you could grab a copy on May 13th at noon EST when the book launches.

Grit it Done by Reid Tileston for 79p- https://www.amazon.co.uk/Grit-Done-Low-Risk-Entrepreneurial-Ownership-ebook/dp/B0CQTT8JQ5

• Discounted Pre-Order: www.grititdone.com 
• Reid's Website: www.reidtileston.com 
• Trends in Entrepreneurial Business Ownership: https://www.linkedin.com/in/reidtileston/ OR https://twitter.com/reidtileston

ABOUT THE SHOW

People with purpose make a difference. Imagine a world where more people can just get their purpose out of them, into a plan and then actually make it happen. What a world that would be - People everywhere finding meaning and harnessing that to bring inspiration and energy to each and every day, changing lives for the better. But no one ever achieved anything on their own - we all have something unique to bring and that means we all have to play our part - if we want to go far, we have to go together and lead or serve towards a vision of the world we want to see. Everyone has a story to tell, and this show is where these stories come to life.

ABOUT THE HOST

David Roberts is a highly regarded CEO, mentor, and investor with 30 years of experience across multiple sectors. As an intrapreneur and entrepreneur, David has bought, grown, started and sold several businesses, working with values-driven start-ups, award-winning SMEs, and multinational corporations on strategies for service excellence, leadership, and profitable growth. David’s passion is for purpose and creating an environment where everyone can succeed, through building teams that get things done, execute on their mission with passion, deliver exceptional service and really make a difference.

ARTWORK CREDIT

Penny Roberts - https://www.instagram.com/penpennypencils

CONTACT METHODS

LinkedIn - https://www.linkedin.com/in/david-roberts-nu-heat/

Facebook - https://www.facebook.com/DavidRobertsPeopleWithPurpose

Instagram - https://www.instagram.com/davidcroberts_/

Clubhouse - https://www.clubhouse.com/@davidcroberts?utm_medium=ch_profile&utm_campaign=MBv1ubya1-oOBXc_uQKFHw-46334