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
Financial Wellness in the Workplace: 401(k) Plans
This is so important; if we don’t save money for our retirement, no one will bail us out. This is so powerful; we get so many of our most important benefits through our employers. This is so time sensitive; we need to get started saving and investing for our...
How to Take Personal Responsibility for Your Money and Get Your Finances in Order
People have all kinds of financial goals. Some want a Ferrari and a mansion, some want to take nice vacations every year, and others want to get out of debt so they can stop stressing about money. Whatever your goals, I want to help you take personal responsibility...
Effective Persuasion: Am I Referable?
Referrals are the best. They’re the best way to meet new people. Look at this list and decide if you’d rather be introduced to the person through someone you like and trust, or to pull them out of the yellow pages or Google search:...
Want a Life of Significance? Embrace the Gift of Fear
Living a life of significance has certain requirements. It requires you to step out of our comfort zone. To embrace change and adversity. To become a person of action and a wise decision maker. And all of those things require you to embrace the gift of...
Who Am I? How to Write Your Next Chapter
I’m not intending this to be an existential conversation where you question your place in the universe. What I’d like it to be is the catalyst for you to start doing that thing you’ve been wanting to start doing. To help you lean into the question of “Who am I?”...
Financial Wellness at Work: The Underlying Strategy
Getting people to take beneficial action is puzzling and difficult. It’s clear cigarettes are bad for us, yet many still smoke. Most people understand it’s valuable to spend less than you make, yet a majority live paycheck-to-paycheck. To help...
Want a Life of Significance? Make Yourself Strong
Just getting by can be difficult. Becoming a success is challenging and admirable. Living a life of significance requires extreme focus, inquiry and consistent work. It’s available to all of us, but something too few aspire to. What would the world be like if...
Succeeding in Life: Stop Wasting Time
We all have enough time to do just about anything we want. We can start businesses, open a restaurant, become painters, or learn how to play pickleball. But we don’t have time to waste. If you’re interested in succeeding in life, you’ve got to stop wasting time. ...
7 Prioritization Tips for Better Time Management
A big part of prioritization is proactively making decisions about what’s important and should be paid attention to, as well as what is unimportant and should be avoided. It’s knowing the highest and best use of your time, and working to spend as much time as...
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!