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Andrew Swiler joins Phil Better to Discuss the Jaw-Dropping Truth About Buying and Scaling Businesses!

2024-07-19

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Guest Bio

Andrew Swiler, a strategic entrepreneur and astute investor, serves as the Chief Executive Officer of Lanteria, a leading business/productivity software company headquartered in Seattle, WA. His robust leadership and keen understanding of global business trends have been fundamental in driving Lanteria's expansion and success in the HR software space.

Andrew's investment prowess recently came to the fore when he spearheaded the acquisition ofLanteria.com, recognized as the top HRMS for Microsoft users. This strategic acquisition is atestament to Andrew's ability to navigate complex financial landscapes, including debt financing and equity investments, to make sound investment decisions that drive company growth.

Under Andrew's stewardship, Lanteria has consistently been on the cutting edge of HRsolutions. The company's innovative offerings have improved HR capacity through software, facilitated the scaling of teams, and enhanced employee engagement, thereby contributing to the success of their enterprise-level customers.

Key Lessons From Episode

  • Entrepreneurship can come from necessity, as Andrew started his own company due to a need for employment in a foreign country.
  • Being open to opportunities and learning from various industries can lead to successful business acquisitions.
  • Understanding and developing personal leadership skills is crucial for scaling a business effectively.
  • Starting on "second base" by acquiring an existing company can be a strategic move in one's entrepreneurial journey.
  • Empowering and trusting employees to handle the day-to-day operations allows entrepreneurs to focus on business growth.
  • Maintaining curiosity and resilience are key traits for thriving in entrepreneurship.
  • Timestamps

    [00:00:01] Introduction – Phil Better kicks off the episode.

    [00:00:17] Guest Introduction – Phil introduces Andrew Swiler, CEO of Lanteria.

    [00:01:44] Andrew's Entrepreneurial Journey – Discussing Andrew's background and why he became an entrepreneur.

    [00:03:23] Moving to Barcelona – How Andrew ended up in Barcelona and started his entrepreneurial journey.

    [00:05:31] Finding Lanteria – The process of finding and acquiring Lanteria.

    [00:06:49] HR Market Potential – Andrew's views on the HR market and its future.

    [00:08:11] Investment Strategies – Discussing the strategic and financial decisions involved in acquiring Lanteria.

    [00:10:27] Future Goals – Andrew's vision and goals for the next 10 years.

    [00:12:11] Family Time – The balance between entrepreneurship and family life.

    [00:14:15] Learning and Growth – Andrew's experiences with learning from others and staying open to opportunities.

    [00:16:11] Advice on Entrepreneurship – Andrew provides advice on what to consider when acquiring a business.

    [00:17:57] Personal and Professional Development – Investments Andrew has made in himself to succeed.

    [00:19:58] Scaling Challenges – Discussion on challenges in scaling and HR in entrepreneurship.

    [00:22:49] Resilience in Business – The importance of staying resilient and open-minded in business.

    [00:25:18] Inspiration – Discussing who inspires Andrew in his entrepreneurial journey.

    [00:27:26] Final Thoughts – Wrapping up with advice for 10-year-olds and Andrew’s reflections.

    [00:31:35] Closing and Contact Information – Phil Better concludes the episode with Andrew's contact info.

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