From Hands-On Operator to Strategic Owner: Pete Mohr's Unforgettable Entrepreneurial Journey

The Small Business Safari

What happens when you mix entrepreneurial wisdom with a splash of humor and a dash of personal anecdotes? You get an unforgettable conversation with Pete Moore, a seasoned Canadian entrepreneur who's seen it all. From investing in franchises without considering operating capital to mastering the art of delegating tasks and understanding team dynamics, Pete shares his journey with us. Ever wondered why tools like the Colby test aren't more mainstream despite its ability to predict a successful hire.
You'll not only learn the essentials of transitioning from a hands-on operator to a strategic business owner but also gain valuable tips on navigating the Five D's of Unplanned Business Exits: Death, Divorce, Disability, Disagreement, and Distress. Pete's candid reflections on starting and sustaining various ventures—like his bathtub refinishing and bathroom cleaning franchises—help open your mind to new ideas and get out of the details.
Pete doesn’t just stop at business strategies; he brings a personal touch with humorous stories about home renovation mishaps and unexpected discoveries behind walls, making this episode a delightful blend of practical advice and entertainment. Whether you're an aspiring entrepreneur or a seasoned business owner, you'll walk away with actionable insights on business valuation, exit planning, and even the significance of strategic delegation. So grab a glass of bourbon and join us for a conversation that's as insightful as it is enjoyable!

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1. Exploring Small Business Ownership and Exits (00:00:00)

2. Entrepreneurial Journey and Exit Strategies (00:07:48)

3. Moving From Operator to Owner (00:18:32)

4. Understanding Colby Assessment for Team Success (00:23:22)

5. Planning for Business Exit Strategies (00:34:07)

6. Business Valuation and Customer Service (00:45:43)

7. Home Renovation Horror Stories (00:51:24)