• The Gritty, High-Capex Road to Millions

  • Apr 18 2024
  • Length: 1 hr and 44 mins
  • Podcast
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The Gritty, High-Capex Road to Millions

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  • Summary

  • Reid Tileston bought a business that relied on $800k trucks, capex he came to love for the fat margins they produced.

    Topics in Reid’s interview:

    • Working on the business instead of in it
    • Writing a book about acquisition
    • People are the worst and best part of business
    • Power of feedback and relationships for business owners
    • The company’s slow temp-to-hire process
    • Getting his CDL to be hands-on
    • Moving paper processes to the cloud
    • Pros and cons of an Employee Stock Ownership Program
    • Personally testing field service management tech
    • Risks of informing employees of a business sale

    References and how to contact Reid:

    • LinkedIn
    • Twitter
    • Grit It Done by Reid Tileston

    Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

    • Matthias Smith of Pioneer Capital Advisory

    Learn more about Walker Deibel's done-with-you buy-side advisory:

    • The Acquisition Lab

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter
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