Join us as Malcolm Peace, founder of Tsetserra Growth Partners, shares his journey of acquiring and transitioning family-owned businesses in Texas. Malcolm dives into the importance of preserving legacies, fostering connections, and building sustainable business models.
Key Highlights:
💡Entrepreneurial Journey: Malcolm’s path to founding Tsetserra Growth Partners, rooted in family legacy and the story behind the name.
💡Identifying Underserved Sectors: Targeting underserved business sectors for long-term sustainability, with a focus on blue-collar industrial businesses.
💡Transitioning Business Models: The challenge of shifting from an owner-centric to a team-focused model, with the importance of organizational structure and KPIs.
💡Operating Partners for Smooth Transitions: Utilizing majority equity buyouts and retaining owners in specific roles to ensure smooth business transitions and scalability.
💡Texas Business Opportunities: Leveraging the advantages of Texas’s lower costs, local knowledge, and abundant business opportunities.
💡Succession Planning: Assisting business owners in planning successful transitions to the next generation.
💡Adding Value: Enhancing blue-collar businesses with technology and structured approaches for growth.
💡Negotiation and Valuation: Navigating the valuation process and negotiating favorable terms to maximize ROI and maintain business legacy.
💡Adapting to Change: Malcolm’s approach to adapting business practices to maintain customer satisfaction, influenced by his leadership style, morning routine, and focus on family.
Learn from Malcolm Peace’s expertise on sustaining and growing family-owned businesses in this insightful episode.
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A sneak peek of the things you'll learn:
- Malcolm Peace tells us about his business and what lead him to start his own business
- What were some of the mental hurdles or maybe fears he had to overcome to get started
- What was the ultimate tipping point that made him decide to go all in and bet on himself
- What key decisions he made that had the biggest impact to his success
- What quotes/advice/practices has helped him most to motivate him to keep moving forward
- What is he learning right now as a “life-long learner”
- What would be some advice he would like to share with our listeners who are on the fence considering owning their own business
Links mentioned in this episode:
Sponsor for this episode:
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