The Low Risk Guide To Entrepreneurial Success with Reid Tileston | Know your why #294

EPISODE SUMMARY: Ever pondered the blueprint for low-risk entrepreneurial success? Reid Tileston, a maven of the franchise world and a veritable author, joins us to draw from his deep well of experience across varied industries. He pulls back the curtain on franchise disclosure documents and their critical role for entrepreneurs, leaving listeners with a treasure trove of wisdom and a clearer path to follow. REID'S BIO: Reid Tileston is an Adjunct Professor at Case Western Reserve University, specializing in Entrepreneurship Through Acquisition. With over 16 years of entrepreneurial experience, he has acquired, grown, and sold four companies, achieving a remarkable return on investment. Reid co-created the curriculum for the Entrepreneurship Through Acquisition course at the University of Chicago Booth School of Business and lectures at other prestigious institutions like Dartmouth and the University of California. He is also a board member, award-winning keynote speaker, and has worked with renowned brands such as Harley Davidson and Microsoft. Reid holds an MBA from the University of Chicago Booth School of Business and is currently pursuing his doctoral research at Case Western. As an Eagle Scout and Ironman triathlete, Reid finds rejuvenation in outdoor adventures, constantly seeking his next challenge. GET IN TOUCH WITH REID : Book launch www.grititdone.com www.reidtileston.com https://www.instagram.com/reidtileston/ https://www.facebook.com/reidtileston/ https://www.linkedin.com/in/reidtileston/   EPISODE CHAPTERS: (0:00:00) - Franchising and Small Business Ownership Entrepreneur Reid Tileston shares insights on franchising, knowing your "why," and his book "Gritted Done" in this podcast episode. (0:08:39) - Franchising as an Investment Option Franchising's contribution to the economy and employment, benefits of buying into a proven system, due diligence, financial aspects, and investment opportunities. (0:19:45) - Entrepreneurship Opportunities With SBA Loans Align background and interests, minimize risks, consider SBA loans, enjoy freedom and financial benefits, invest in team members. (0:25:50) - Empowering Team Members for Business Success Empowering team members, fostering positive culture, addressing toxic employees, utilizing peer groups, understanding one's driving purpose. (0:31:49) - The Power of Relationships in Success Building strong relationships through challenging endeavors, stair racing, selling a business, and becoming an optional business owner. If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/