Acquiring Minds The Gritty, High-Capex Road to Millions
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Apr 18, 2024 
Entrepreneur Reid Tileston shares his journey after acquiring a business with expensive trucks. He discusses topics like working on the business, feedback, relationships, slow temp-to-hire process, transitioning paper processes to the cloud, risks of informing employees about a business sale, and personally testing tech for field service management.
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Loving High CapEx Vector Trucks
- Reid Tileston bought a business with $800k vector trucks despite typical aversion to high CapEx.
- He came to love the trucks as "money making machines" and even got his CDL to drive them himself.
Fitness Franchise Owner Journey
- Reid started in fitness franchising, bought and operated multiple clubs despite recession and lack of experience.
- He later scaled to absentee ownership, running three clubs successfully while preparing to go to business school.
Leverage Intermediaries & Peers
- Diligently vet intermediaries and show credibility to gain their trust and deal access.
- Join peer groups early during search to get critical feedback and avoid loneliness in ownership.