Industrial Services Business Profitability and Challenges

Reid Tileston bought a business that relied on $800k trucks, capex he came to love for the fat margins they produced.

Topics in Reid’s interview:

• Working on the business instead of in it
• Writing a book about acquisition
• People are the worst and best part of business
• Power of feedback and relationships for business owners
• The company’s slow temp-to-hire process
• Getting his CDL to be hands-on 
• Moving paper processes to the cloud
• Pros and cons of an Employee Stock Ownership Program
• Personally testing field service management tech
• Risks of informing employees of a business sale

References and how to contact Reid:

• LinkedIn
• Twitter
• Grit It Done by Reid Tileston

Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

• Matthias Smith of Pioneer Capital Advisory

Learn more about Walker Deibel's done-with-you buy-side advisory:

• The Acquisition Lab

Connect with Acquiring Minds:

• See past + future interviews on the YouTube channel
• Connect with host Will Smith on LinkedIn
• Follow Will on Twitter