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Tropical MBA: Entrepreneurship & Founder Lifestyle

Episode 383: TMBA383: Brent Beshore and the 50 Year Private Equity Plan

Tropical MBA: Entrepreneurship & Founder Lifestyle

Dan Andrews; Ian Schoen

Digital Nomad, Business, Ecommerce, Society & Culture, Amazon, Founders, Cash Flow, Places & Travel, Founder, Business Owner, Cashflow, Management, Entrepreneurship, Million, Operator, Operations, Profits, Distributed Team

4.9527 Ratings

🗓️ 6 April 2017

⏱️ 51 minutes

🧾️ Download transcript

Summary

http://www.tropicalmba.com/brentbeshore/ 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 cracked that code.

Brent Beshore is the founder and CEO of Adventur.es. Brent has managed to do something that our hosts have dreamed of doing for a long time. He owns a portfolio of different businesses, and he does little to no work in operating them.

On this episode, Brent will share how he has built this portfolio and what things he looks for when deciding to purchase a business.

Transcript

Click on a timestamp to play from that location

0:00.0

I think it's the one-time game problem.

0:02.1

I mean, I think most people look at business.

0:04.3

They say the world's big.

0:05.6

I can always find more people to interact with.

0:08.6

And so I'm going to exact as much value out of the situation in the short term as possible.

0:14.8

And unfortunately, it works well enough for a number of people for long enough that it seems to be the way to go.

0:25.8

Hey, podcast, listener. Even if you are alone in your entrepreneurial journey, know that today,

0:30.6

right now in your earbuds, you are joined by thousands of entrepreneurs from all around the

0:35.2

globe seeking to grow better, more profitable, location

0:38.6

independent businesses. If you'd like to learn more about what we do and download our entire

0:43.8

back catalog, check out tropical MBA.com.

1:00.2

Today's episode is about the most difficult of topics, I think.

1:07.6

The toughest nut to crack over the past few years, Ian for us, has been how do you make money with your money?

1:13.1

That is, how do you successfully invest in small businesses, but not have to run them on a day-to-day basis? Well, today's guest has cracked that nut, and I'm really excited

1:20.2

to hear the story. It's a black box. It's a little bit of a black box. I mean, we've been talking

1:25.0

about it. We've had so many episodes about it. Question for you. Have you made any investments? Well, today's guest, I think last year he reviewed

1:32.7

like 2,000 deals. So, no, I've reviewed like five deals in last year and I passed on all of them.

1:39.1

It is my understanding that you've reviewed about 25 camper vans for refurbishment.

1:43.6

Oh, I've bought one of those. Yeah,

1:45.0

that was a small, small deal compared to some of these deals that we're going to hear about today.

1:50.9

Yeah, and I've got to say, you know, I've invested in an index fund, which is sort of a really

1:55.1

standard way to put some money in the market, but I as well have not made any significant investments.

...

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