Reid Tileston is a seasoned entrepreneur, author, and investor with a 16-year track record of business success. As an Adjunct Professor at Case Western Reserve University and the Co-creator of the Entrepreneurship Through Acquisition curriculum at the University of Chicago Booth School of Business, Reid imparts invaluable knowledge honed through hands-on entrepreneurial experience. He has acquired, grown, and sold four companies, achieving a remarkable return multiple of invested capital (MOIC) of over 10x on his most recent acquisition. Reid’s entrepreneurial acumen has garnered accolades, including top-performing Anytime Fitness franchisee. In addition to empowering aspiring entrepreneurs through his book Grit It Done, his insights have graced the pages of prestigious publications such as The Wall Street Journal and Crain’s Chicago Business.
Here’s a glimpse of what you’ll learn:
- Reid Tileston shares his inspiration for writing Grit It Done
- Reid highlights the freedom that business ownership can provide over traditional employment
- How to identify the type of ownership model that resonates with you
- Why you should run a business as if you're always ready to sell it
- Tips for preparing your company for a successful sale
- Conducting due diligence on potential buyers to ensure a good fit
- Reid's entrepreneurial journey and the lessons he learned along the way
- Reid reveals his investment criteria and the sweet spot for partnering on acquisitions
- The benefits of SBA loans for acquiring businesses and funding growth
- How can you access the tools discussed in this episode?
In this episode…
Have you ever considered the freedom that comes with business ownership but are uncertain about the risks involved? Ownership through acquisition is a low-risk entry point into the entrepreneurial world that can offer significant returns. How can you tap into the benefits of existing businesses backed by a proven model of success?
Reid Tileston, an esteemed business professor and entrepreneur, reveals the secrets of stepping into the entrepreneurial space through business acquisition rather than starting from scratch. Through his book Grid It Done, Reid demystifies the process of buying and running a successful business, stressing the significance of personal fulfillment alongside financial success. He explores the diverse forms of business ownership, emphasizing the importance of identifying which type aligns with your interests. Reid also highlights the intricacies of preparing a business for sale and underscores the importance of establishing trust with potential buyers through financial transparency.
Join us on this episode of The Cyber Business Podcast as Matthew Connor interviews Reid Tileston, author of Grit It Done, about achieving business freedom through acquisition. Backed by his own acquisition and exit story, Reid provides critical steps in preparing and positioning your business for a prosperous sale, key investment criteria, and how to leverage SBA loans for business growth.
Resources mentioned in this episode:
- Matthew Connor on LinkedIn
- CyberLynx
- Reid Tileston: LinkedIn | Website | X |
- Grit It Done: A Low-Risk Guide to Entrepreneurial Business Ownership by Reid Tileston
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