Buying a Business with Michael Frew

We talked about the life cycle of a career of a software engineer, what to do when you “age out” of the field, the difficulty of pivoting to a new opportunity and why it’s sometimes necessary to do so.  

Why having a background in technology and management can make you an excellent candidate for running a business, how to be proactive about entrepreneurship and skill building, and how to take the initial steps!

Sep 30, 2021 | Podcast

About the Episode

LifeBlood CREATE: We talked about the life cycle of a career of a software engineer, what to do when you “age out” of the field, the difficulty of pivoting to a new opportunity and why it’s sometimes necessary to do so.  

Why having a background in technology and management can make you an excellent candidate for running a business, how to be proactive about entrepreneurship and skill building, and how to take the initial steps.

The realities of the failure rate amongst startups, why it can make sense to buy an existing business and what that process looks like. 

How to evaluate good opportunities and recognize bad ones when thinking about acquiring a business, and how starting small and learning from your mistakes can be more valuable than an MBA with Michael Frew, entrepreneur, engineer, owner and operator of Tyler Crown, an organization that starts, acquires, operates and sells software products and services.  

Listen to learn the pros and cons of buying an existing business versus starting on from scratch!

For the Difference Making Tip, scan ahead to 16:37!

You can learn more about Michael at MichaelFrew.com and LinkedIn.

Thanks, as always for listening!  If you got some value and enjoyed the show, please leave us a review wherever you listen and subscribe as well. 

You can learn more about us at MoneyAlignmentAcademy.com, Twitter, LinkedIn, Instagram, Pinterest, YouTube and Facebook or you’d like to be a guest on the show, contact George at [email protected]

George Grombacher

George Grombacher

Lifeblood Host

Michael Frew

Michael Frew

Guest

More Episodes

Finding Your Trading Edge with Adrian Reid

Finding Your Trading Edge with Adrian Reid

Finding Your Trading Edge with Adrian Reid Finding a trading edge can help you shift from gambling in the market to investing. Adrian Reid talks about how to take a professional approach to trading! About the EpisodeWe focused on finding your trading edge, how to...

Proactive Planning with Helen Stephens

Proactive Planning with Helen Stephens

Proactive Planning with Helen Stephens Being good with money requires proactive planning. Helen Stephens talks about how to do it while tuning out the noise! About the EpisodeWe focused on what it means to proactive planning, how events catalyze decision making and...

Take Things Head-On with Abbe Large

Take Things Head-On with Abbe Large

Take Things Head-On with Abbe Large It's better to take things head-on, but that doesn't mean it's easy. Abbe Large talks about how to do it, and why it's wise to be mindful of your legacy! About the EpisodeWe focused on how to take things head-on instead of brushing...

Regret Minimization with Andy Baxley

Regret Minimization with Andy Baxley

Regret Minimization with Andy Baxley Would clarifying your financial purpose lead to regret minimization later in life? Andy Baxley makes the case for doing exactly that! About the EpisodeWe focused on creating your statement of financial purpose and regret...

The Common Denominator of Success

The Common Denominator of Success

The Common Denominator of Successby Albert E.N. Gray “The common denominator of success --- the secret of success of every man who has everbeen successful --- lies in the fact that he formed the habit of doing things that failuresdon't like to do.” THE COMMON...

What’s Good for the Goose: Flawed Monetary Theory

What’s Good for the Goose: Flawed Monetary Theory

What's Good for the Goose: Flawed Monetary Theory What's good for the goose isn't necessarily good for the gander, particularly when it comes to your personal finances. Is debt a good thing or bad? About the EpisodeWhat's good for the goose isn't necessarily good for...

Join the show.

Interested in being on the show? Tell me a little bit more about you and what you’d like to talk about!