This one is a very special episode, where you will hear about a company that started 40 years ago and just keeps on growing and succeeding: it is Transworld Business Advisors. Andrew talks about the founding story of Transworld Business Advisors, which started as a real estate business and became the great company of business brokers that it is today. A great guest, Ray Titus, from United Franchise Group, shares his knowledge and experience in how to keep nurturing a business, prioritizing the people who work in it as well as the need to keep taking risks. It is not an easy task to build a sustainable business and Transworld has found the formula to keep growing. In this episode, you will find the keys to success that this amazing team has been applying on a daily basis.
[:47] Founding story of Transworld Business Advisors
[2:25] Buying the company 25 years ago
[5:26] How do you build a sustainable business?
[5:49] Keys to success
[7:43] Giving back to the community
[10:32] Growing global
[11:44] Partnering up with United Franchise Group
[14:50] The United States is the land of opportunity.
[16:36] Ray Titus, United Franchise Group
[17:25] How it all got started and how they have kept the business going for so long.
[19:00] You have to get great people working along with you and keep them happy.
[20:20] Donâ€™t make the same mistake twice.
[21:14] A combination of old school and new school
[22:00] Culture of innovation
[23:00] Promoting lifelong learning
[26:04] Bringing in the next generation
[28:03] Taking fewer risks will lead to the end of your business.
[28:30] Being goal-oriented
[29:37] Advice to small business
[30:23] Focus on what you want to achieve now.
[30:52] Focusing on your people improves your business.
[36:16] Deal of the week: Al Fialkovich (Denver, Colorado). Sold construction management company. Construction and restoration. $8 million in revenue. STE in over $1 million. In business for over 35 years.
[38:07] Listing of the week: Bob Dunphy (New York). Bridal superstore, 30,000 square feet. Not a retail location; it is a destination. Over a million dollars. Offering seller financing. Price $4,000,000.
Mentioned in this episode:
Bob Dunphy (New York). A business that has been operating for 60 years. Bridal superstore, 30,000 square feet. Not a retail location, it is a destination. Over a million dollars EBITDA. Offering seller financing. Price $4,000,000. Contact Bob at firstname.lastname@example.org or call 917-589-0977.
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