In this riveting episode of "Invest in Yourself: The Digital Entrepreneur Podcast," host Phil Better is joined by serial entrepreneur Reid Tileston. Reid shares his remarkable journey, from starting a limo service business with his brother to acquiring, growing, and selling multiple successful companies, including a venture that yielded a 10x return on invested capital.
Ever wondered how top entrepreneurs find and create opportunities? Or how they balance personal well-being with the high demands of business ownership? Tune in as Reid dives deep into these questions and more, offering invaluable insights from his 15 years of entrepreneurial experience.
This episode also sheds light on the importance of relationships in entrepreneurship and the role of empathy in business transactions. Listen to Reid explain how understanding a seller's emotional connection to their business can sometimes outweigh higher financial offers during acquisition talks.
As a special highlight, Reid shares an inspiring personal moment about his team member Marilyn's resilience, emphasizing the grit required to succeed in the entrepreneurial world. Don’t miss this episode's enriching conversation and be sure to invest in yourself by hitting that subscribe button!
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In this episode of "Invest in Yourself: the Digital Entrepreneur Podcast," host Phil Better sits down with Reid Tileston, a seasoned entrepreneur, author, and keynote speaker. With 15 years of entrepreneurial experience, Reid has successfully acquired, grown, and sold multiple businesses, worked with industry giants like Harley Davidson and Microsoft, and is passionate about educating future business leaders. Tune in for an inspiring conversation on resilience, the value of relationships, and practical advice on acquiring and managing businesses. Learn how Reid's personal challenges and triumphs have shaped his entrepreneurial journey, and discover actionable takeaways to help you thrive in your own ventures.
- 00:00 - Introduction by Phil Better
- 02:30 - Reid Tileston’s Background and Journey
- 06:15 - Early Entrepreneurial Experience and Lessons
- 12:00 - Philosophy on Business Ownership
- 17:45 - Importance of Business Relationships
- 21:30 - Insights on Business Acquisition
- 26:50 - Emotional and Operational Challenges in the First 100 Days
- 33:40 - Reid’s Personal Practices for Success
- 37:20 - Key Takeaways and Final Thoughts
- 41:15 - Discussion on Reid’s Book "GRITted Done"
- 45:00 - Call to Action and Conclusion
1. **Resilience and Grit:** Reid’s journey highlights the importance of resilience in overcoming business challenges.
2. **Value of Relationships:** Building and maintaining strong relationships can open doors to new opportunities and aid in business growth.
3. **Importance of Diligence:** Conduct thorough diligence when acquiring businesses to understand the hidden challenges and ensure strong cash/liquidity positions.
4. **Emotional Intelligence:** Empathy plays a critical role in smooth business acquisitions and transitions, often more important than monetary offers.
5. **Personal Well-being:** Consistent self-care routines, like daily workouts and meditation, are essential for sustaining a high-performance lifestyle.
6. **Practical Advice:** Reid’s personal practices and experiences offer valuable lessons for aspiring entrepreneurs on grit and strategic business management.
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**Guest: Reid Tileston**
Reid Tileston is an author, keynote speaker and expert in Entrepreneurial Business Ownership. He currently serves as an Adjunct Professor at Case Western Reserve University. With the release of his new book, Grit It Done, Reid shares his insights from over 15 years of successful, on the ground Entrepreneurial Business Ownership that led him to acquire, grow and ultimately sell, 4 different companies with successful exits. His most recent acquisition resulted in a 10x return multiple of invested capital (MOIC).
As a leading voice in the space, Reid has worked with leading brands such as Harley Davidson, The Milwaukee Bucks, John Deere and more in addition to being featured in The Wall Street Journal and Crain’s Chicago.
As an Eagle Scout, and Ironman 140.6 triathlete; Reid rejuvenates in the outdoors and is in a perpetual state of planning his next life adventure which recently entailed racing up the world's tallest staircase in Switzerland.
Reid is on a mission to empower the entrepreneurial business owner in waiting to experience the elation that awaits when you Grit It Done.
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Connect with Reid Tileston:
Website: www.grititdone.com
Facebook: https://www.facebook.com/reidtileston
LinkedIn: @reidtileston
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Sponsors:
1. Sponsor 1: Podcastle: https://podcastle.cello.so/UZ3E6Ls0syS
-AI Editing tool. Simple to use and cuts the cost of hiring an Editor
2. Sponsor 2: CastMagic:https://get.castmagic.io/xntubao1ijqu
-Another AI Copywriting tool focused more on Business Podcasts.
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Find Us Online:
- Website: https://www.InvestInYourselfPod.com
- Patreon: [http://patreon.com/InvestInYourselfPod
- Facebook: [http://facebook.com/investinyourselfpod
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Credits:
**Host: Phil Better**
- Instagram: [@PodcastMogul]
- LinkedIn: [Phil Better]
- Website: [https://www.Philbetterinc.com]
**Executive Producer: Phil Better**
- Instagram: [@PodcastMogul]
- Website: [https://www.Philbetterinc.com]
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About Us:
Embark on a transformative journey with "Invest In Yourself: The Digital Entrepreneur Podcast," an illustrious and award-winning series tailored for dreamers trapped in the corporate grind. Hosted by the dynamic Podcast Mogul Phil Better, this podcast serves as a guiding light for ambitious millennials yearning to break free from the corporate shackles and rediscover the liberating dreams of their childhood.
Phil Better engages in insightful conversations with Digital Entrepreneurs hailing from diverse corners of the globe and various industries. Tune in as they unravel the secrets of successful entrepreneurship and delve into the art of self-investment. Uncover the essential skills, mindset shifts, and strategies to forge your path to financial freedom and fulfillment.
If you're a 30-year-old visionary seeking an escape from the corporate maze, longing for the tranquil life promised in your youth, this podcast is your compass. Join us as we explore the untapped possibilities at your fingertips, and let the stories of thriving entrepreneurs inspire you to carve out your destiny. It's time to break free, invest in yourself, and turn those childhood dreams into a reality. Welcome to a world where your aspirations take center stage.
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This podcast is the property of Phil Better Inc. Please get in touch with them to use this media.
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The links found in the podcast may result in payment to the podcast through affiliate payments.
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Entrepreneurship, Reid Tileston, business acquisition, grit, entrepreneurial mindset, small business challenges, Harley Davidson, Milwaukee Bucks, John Deere, Tough Mudder, Master Lock, Microsoft, University of Chicago Booth School of Business, entrepreneurial through acquisition, Eagle Scout, Ironman triathlete, marketing strategies, controlling business owner, bootstrapping, existing businesses, resilience in business, emotional challenges, cash flow management, business ownership philosophy, empathy in business, liquidity positions, first 100 days of business ownership, personal well-being, cold water immersion, GRITted Done, rejuvenating conversations, entrepreneurial relationships, advisory and mentorship, academic contributions, structured habits, future vision, swim the English Channel, climb the 7 summits.
Mentioned in this episode:
Launch Grow and Monetize Post Ad
Launch Grow and Monetize Webinar
Join The Podcast Mogul For a free webinar here: https://tidycal.com/philbetterinc/webinar
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Sponsors:
1. Sponsor 1:
Podcastle: https://podcastle.cello.so/UZ3E6Ls0syS
-AI Editing tool. Simple to use and cuts the cost of hiring an Editor
2. Sponsor 2:
CastMagic: https://get.castmagic.io/xntubao1ijqu
-Another AI Copywriting tool focused more on Business Podcasts.
---
Find Us Online:
- Website: https://www.InvestInYourselfPod.com
- Patreon: [http://patreon.com/InvestInYourselfPod
- Facebook: [http://facebook.com/investinyourselfpod
---
Credits:
Host: Phil Better
- Instagram: [@PodcastMogul]
- LinkedIn: [Phil Better]
- Website: [https://www.ThePodcastMogul.com]
Executive Producer: Phil Better
- Instagram: [@PodcastMogul]
- Website: [https://www.ThePodcastMogul.com]
---
About Us:
Embark on a transformative journey with "Invest In Yourself: The Digital Entrepreneur Podcast," an illustrious and award-winning series tailored for dreamers trapped in the corporate grind. Hosted by the dynamic Podcast Mogul Phil Better, this podcast serves as a guiding light for ambitious millennials yearning to break free from the corporate shackles and rediscover the liberating dreams of their childhood.Phil Better engages in insightful conversations with Digital Entrepreneurs hailing from diverse corners of the globe and various industries. Tune in as they unravel the secrets of successful entrepreneurship and delve into the art of self-investment. Uncover the essential skills, mindset shifts, and strategies to forge your path to financial freedom and fulfillment.If you're a 30-year-old visionary seeking an escape from the corporate maze, longing for the tranquil life promised in your youth, this podcast is your compass. Join us as we explore the untapped possibilities at your fingertips, and let the stories of thriving entrepreneurs inspire you to carve out your destiny. It's time to break free, invest in yourself, and turn those childhood dreams into a reality. Welcome to a world where your aspirations take center stage.
🎧 Listen now on [Spotify].
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This podcast is the property of Phil Better Inc. Please get in touch with them to use this media.
---
The links found in the podcast may result in payment to the podcast through affiliate payments.
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