1232: Buying a Business with Michael Frew

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.

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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 Contact@GeorgeGrombacher.com.