TMBA 383: Brent Beshore and the 50 Year Private Equity Plan
Podcast 51:28 | Download | Stitcher | iTunes | Comment
The toughest nut for Dan and Ian to crack, over the last few years, has been how to make money with your money.
How do you successfully invest in small businesses without having to run them on a day-to-day basis? Today's guest has some really interesting answers to that question.
Brent Beshore is the founder and CEO of Adventur.es. He has managed to do something that our hosts have dreamed of for a long time. He owns a portfolio of different businesses, and has built a successful structure for operating them.
In this episode, Brent shares his investment strategies, what things he looks for when deciding to purchase a business and why he considers treating people like people is the most important factor in his success.
Listen to this week's show and learn:
Why Brent decided to drop out of school and buy his first business. (6:32)
What the transition looks like when Brent's firm purchases a company. (10:30)
How they narrowed down thousands of potential deals to a couple of genuine purchases. (29:42)
Why treating people decently is a competitive advantage. (37:44)
What Brent's role is in these companies after the purchase. (45:32)
Mentioned in the episode:
TMBA Masterminds
Sponsor the TMBA Podcast
The Dynamite Circle
The DC Podcast
Brent Beshore
Adventur.es
Warren Buffet
Brent's 2016 Annual Letter
AppSumo_Logo
A big thanks to AppSumo - this episode's sponsor.
AppSumo is the place to find huge deals on tools to help you grow your online business.
They've put together some great free stuff for TMBA listeners as well, check it out: AppSumo.com/TMBA
Enjoyed this podcast? Check out these:
TMBA 303: 7 Things To Consider When Selling Your Business
TMBA 328: How Do You Manage Your Money?
TMBA 334: Here's How We Plan to 'Manage' Our Money
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Thanks for listening to our show! We'll be back next Thursday morning 8AM EST.
Cheers,
Dan & Ian