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!
Listen to us On
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
Lifeblood Host
Michael Frew
Guest
More Episodes
Debt Free: Get Back to Living
The time is now for putting a plan together to become debt free. I’m going to talk about how and why the implications are far greater than you realize. Life is short, and it’s important to live in the present as much as we can. But it’s also very...
Creating Your Wellness Checklist: Steps to a Better Life
Creating a wellness checklist can help you bridge the gap between the life you have and the life you want. I’m going to talk about how to create a wellness checklist, as well as help you fit it into your busy life and make it sustainable. Why bother with...
What States Don’t Tax Retirement Income and How Do I Create More Tax Free Income
There are seven states with no income tax, meaning these seven states don’t tax retirement income AlaskaFloridaNevadaSouth DakotaTexasWashingtonWyoming Why is this important? Because, depending on the type of account(s) you're using to accumulate money for your...
How Much Money Should I Save Before Buying a House and How Do I Do It?
How much money should you save before buying a house? A down payment of 20% and six months worth of what your expenses will be once you own the home. Here’s what I’ll cover in the remainder of this post Why you should save that muchThe cost of making a bad...
Rental Property Loans: What You Need to Know to Position Yourself for Success
Rental properties can be a great way to diversify your income and your long-term financial situation. Understanding rental property loans and how to qualify will position you for success as you set out on your passive income journey. No doubt you have...
How to Become Debt Free Using Goals Based Budgeting
Debt has become an insidious part of many of our lives. I’m going to share with you a process for becoming debt free using goals-based-budgeting so you can start living the life you truly want. There are many reasons why people fall into debt. There are many...
How to Get Good with Money: 7 Steps to Financial Prosperity
I’m excited you’re interested in how to get good with money and I’m confident I can help you get where you want to go. This article will go through 7 steps to help you achieve financial prosperity. It’s not enough to know about money. It’s not enough to...
Goal Setting for your Future Self: Why it’s a Good Idea and How to Do it
To develop empathy for another, we’re told to walk a mile in their shoes. But how do we do this for ourselves? It’s hard for us to imagine our future-selves. To think of ourselves as getting older and one day dying. It’s for this reason we have a difficult time with...
Should We Have a Family Trust? Primary Benefits, Highlights and Questions to Ask
Looking back over the first 20 years of my career as a financial advisor and meeting with thousands of people, very few strategies or financial products were thought of as “must haves.” Wills and trusts are the closest thing to it, meaning whenever I asked if...
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!