Owning More Than One Business With Serial Entrepreneur Jed McClure
In this episode, Jimmy Purdy speaks with Jed McClure, serial entrepreneur and former wine tour driver. They reminisce about their time working together and discuss the challenges and rewards of buying and owning multiple businesses.
00:04:52 Managing multiple businesses requires multitasking.
00:05:03 Small tasks can feel overwhelming.
00:10:04 Know your internal numbers.
00:14:36 Pricing based on competitor rates.
00:19:00 Consistency and personal touch matter.
00:23:11 Customer service challenges in the automotive industry.
00:30:04 Handling difficult customers builds maturity.
00:35:41 Buying commercial real estate is challenging.
00:37:08 Commercial real estate faces foreclosure crisis.
00:42:47 Possible opportunity for discounted commercial space.
00:45:57 Real estate prices are increasing.
00:51:03 Costs of running a business.
00:55:27 Middle adulthood can be stressful.
01:00:13 Being a business owner requires dedication and responsibility.
01:04:08 Importance of tracking expenses.
01:08:37 Salesmen may have game-changing solutions.
01:16:18 Creative financing for purchasing a property.
01:17:57 Owner-carry financing for properties.
01:23:06 Owner carries can minimize seller's taxes.
01:28:05 Importance of specialized knowledge
01:33:06 Variance in professional expertise.
01:37:14 No takeaway
00:04:52 Managing multiple businesses requires multitasking.
00:05:03 Small tasks can feel overwhelming.
00:10:04 Know your internal numbers.
00:14:36 Pricing based on competitor rates.
00:19:00 Consistency and personal touch matter.
00:23:11 Customer service challenges in the automotive industry.
00:30:04 Handling difficult customers builds maturity.
00:35:41 Buying commercial real estate is challenging.
00:37:08 Commercial real estate faces foreclosure crisis.
00:42:47 Possible opportunity for discounted commercial space.
00:45:57 Real estate prices are increasing.
00:51:03 Costs of running a business.
00:55:27 Middle adulthood can be stressful.
01:00:13 Being a business owner requires dedication and responsibility.
01:04:08 Importance of tracking expenses.
01:08:37 Salesmen may have game-changing solutions.
01:16:18 Creative financing for purchasing a property.
01:17:57 Owner-carry financing for properties.
01:23:06 Owner carries can minimize seller's taxes.
01:28:05 Importance of specialized knowledge
01:33:06 Variance in professional expertise.
01:37:14 No takeaway
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