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ETA Insider Podcast
Navigating Personal and Financial Risk in Entrepreneurship
Sep 29, 2023
Tim Lahey, CEO of r:Home, discusses personal risk assessment in entrepreneurship, acquisition process, challenges of scaling a service-oriented business, and the value of industry knowledge. He reflects on personal growth and learning experiences in ETA, encouraging aspiring entrepreneurs.
32:17
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Quick takeaways
- Personal risk assessment is crucial in entrepreneurship through acquisition, weighing both financial and personal risks involved.
- Scaling a service-oriented business can be challenging, and prioritizing high-quality service can drive growth and lead to successful integration.
Deep dives
Tim's Journey to Entrepreneurship
Tim's journey to becoming an entrepreneur started with a career in finance and a desire to be his own boss. After attending an event where he learned about leaving his job and buying a business, he decided to pursue entrepreneurship. Tim made a self-assessment of the risks involved and recognized that he was willing to take on the challenges that came with being an entrepreneur. He cold-called someone he had heard speak at the event and began the journey of acquiring a business.
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