Pieces of Impact
#25: Mike Truitt - What It Really Takes to Buy, Grow, and Sell a Business
Descripción
In this episode, I sit down with Mike Truitt to talk about his path from inside sales to business ownership, what it looked like to buy Disney McLane with his business partner, Craig, in 2007, and how they grew and eventually sold the company. We also get into what the business actually does, how they expanded across multiple states, and what it means to lead a company through a recession. Mike shares lessons on choosing the right business partner, retaining employees, reinvesting in people, and planning an exit years before you take it. We also talk about the discipline he took from his military family, what real pressure looks like, and the advice from his dad that still guides him today: sharpen your pencil. Subscribe for more conversations like this on Pieces of Impact. 00:01 Intro and why Mike’s story matters 01:42 Early jobs and how he got into Disney McLane 03:41 Buying the business in 2007 and selling in 2020 04:34 What Disney McLane actually does 08:12 Taking over right before the 2008 recession 10:55 Growing territory, lines, and offices 13:47 Choosing the right business partner 17:09 Retention, rewards, and taking care of employees 23:06 What he would and wouldn’t do differently 24:35 Exit strategy and grooming the next owners 29:22 Reinvesting in the business and standing out 33:00 Investing, side ventures, and the gas station 37:23 Military background and lessons on discipline 40:47 What real pressure looks like 44:45 Family history and tracing the Truitt tree 51:12 Rapid fire round 56:05 Final wisdom
Empieza 7 días de prueba
$99 / mes después de la prueba. · Cancela cuando quieras.
- Podcasts solo en Podimo
- 20 horas de audiolibros al mes
- Podcast gratuitos
Todos los episodios
31 episodios
Comentarios
0Sé la primera persona en comentar
¡Regístrate ahora y únete a la comunidad de Pieces of Impact!