DT #698 Entrepreneurship Through Acquisition: Turning Small Businesses Into Opportunities
Develop This: Economic and Community Development
Release Date: 10/28/2026
DT #699 How Economic Developers Can Navigate Opposition, Trust, and Change
Develop This: Economic and Community Development
How can economic developers build trust with their communities while navigating opposition, misinformation, and increasingly complex development projects? In this episode of Develop This!, sits down with to discuss lessons from her 30-year career in economic development and how the profession is evolving. Maureen shares her experiences working with international companies and communities around the world, offering perspective on how global competition, changing expectations, and increased skepticism are shaping economic development today. A major focus of the conversation is community trust....
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DT #700 What Economic Developers Need to Know About FDI
Develop This: Economic and Community Development
What does it take for communities to compete for investment in an increasingly competitive global economy? In this episode of Develop This!, talks with foreign direct investment expert about how communities can attract and benefit from FDI. Andreas explains why not all foreign investment is equally beneficial and why communities need to understand what they actually want to attract. The conversation explores corporate site selection, investment drivers, and the growing importance of soft factors such as community support, certainty, and quality of life. The discussion also highlights why...
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DT #697 Ukraine's Economic Future: Investment, Resilience, and Opportunity
Develop This: Economic and Community Development
What does Ukraine's economy look like in the middle of war, and where are the opportunities for future growth and investment? In this episode of Develop This!, sits down with to explore the current economic landscape of Ukraine and Moldova and what economic development professionals and investors should understand about the region. Bruce shares his extensive experience working across post-Soviet countries and provides insight into the regional differences within Ukraine, the resilience of its people, and the ways communities and businesses are continuing to adapt despite the ongoing war. The...
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DT #698 Entrepreneurship Through Acquisition: Turning Small Businesses Into Opportunities
Develop This: Economic and Community Development
What if the best way to become an entrepreneur was to buy an existing business instead of starting one from scratch? In this episode of Develop This!, talks with of about entrepreneurship through acquisition and how aspiring entrepreneurs can find, purchase, and grow established businesses. Royce explains why buying a profitable business can offer a different path to ownership, the importance of due diligence, and the challenges new owners face during their first 90 days. The conversation also explores company culture, long-term holding companies, franchises, and the emotional realities of...
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DT #696 Community Quest: A Big Idea Becomes a Community Adventure
Develop This: Economic and Community Development
How do you make economic development exciting and understandable for the next generation? In this special episode of Develop This!, talks with and about Community Quest, a graphic novel designed to make economic development more accessible and engaging for young people and adults alike. They share the inspiration behind the book, how complex concepts are transformed into an adventure story, and how illustrations help bring community development to life. The conversation also covers how the graphic novel can be used in classrooms and community outreach, the development of a facilitator’s...
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DT #694 The Data Center Debate: Opportunity, Opposition, and Community Impact
Develop This: Economic and Community Development
Why does everyone hate data centers? In this episode of Develop This!, talks with of to explore the growing debate surrounding data centers and what they mean for communities. The conversation examines why public opinion around data centers has shifted, from excitement over investment and economic growth to concerns about power, water, noise, land use, and long-term community impact. Chris and Dennis discuss the economic benefits data centers can bring, including tax revenue, infrastructure investment, and new opportunities for communities. They also take a closer look at the trade-offs and...
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DT #695 How Storytelling and Career Exploration Can Transform Communities
Develop This: Economic and Community Development
How can economic development professionals better connect with their communities and create a shared vision for regional success? In this episode of Develop This!, sits down with M to discuss the importance of understanding the “why” behind economic development and creating stronger connections between communities, education, employers, and young people. Mark explains why younger generations want purpose and relevance, and how economic developers can help students understand the opportunities available to them long before they enter the workforce. The conversation explores early career...
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DT #692 Beyond the Hype: Understanding AI With Dan Chuparkoff
Develop This: Economic and Community Development
How will artificial intelligence change the way we work, lead, and build communities? In this episode of Develop This!, sits down with , AI keynote speaker and technology leader with more than 30 years of experience at Google and McKinsey, to explore the opportunities and challenges AI presents. Dan breaks down common misconceptions about AI, including why AI can sound confident while still being wrong. He explains how professionals can use AI as an assistant, coach, and productivity tool while keeping humans responsible for critical decisions. The conversation also explores how economic...
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DT #693 How Rural Communities Can Build Stronger Futures With Mason Ainsworth
Develop This: Economic and Community Development
What does it take to build a stronger community from the ground up? In this episode of Develop This!, sits down with to explore his journey from young city councillor to passionate advocate for community development and economic growth. Mason shares lessons from his experience in local government and explains why economic development often comes down to relationships, trust, transparency, and achieving small victories that create long-term momentum. The conversation also explores the unique strengths and challenges of rural communities, including infrastructure, local leadership,...
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DT #689 Turning a Bold Vision Into a Game Changing Community Development Project: The Fort Madison Marina Story
Develop This: Economic and Community Development
What happens when a community stops settling for “good enough” and starts thinking bigger? In this episode of Develop This!, talks with former Fort Madison Mayor and n of about the transformation of the Fort Madison Marina. What started as an aging marina became a much larger vision for the community, incorporating hospitality, events, wellness, tourism, and placemaking. Matt explains how community leaders studied other projects, built a shared vision, and challenged Fort Madison to think beyond simply fixing the existing marina. Rick discusses how the team turned that vision into a...
info_outlineWhat if the best way to become an entrepreneur was to buy an existing business instead of starting one from scratch?
In this episode of Develop This!, Dennis Fraise talks with Royce Yudkoff of Harvard Business School about entrepreneurship through acquisition and how aspiring entrepreneurs can find, purchase, and grow established businesses.
Royce explains why buying a profitable business can offer a different path to ownership, the importance of due diligence, and the challenges new owners face during their first 90 days. The conversation also explores company culture, long-term holding companies, franchises, and the emotional realities of searching for and running a business.
For economic developers, this approach also offers opportunities to support business transitions, preserve local employers, and keep established businesses thriving when their owners are ready to move on.
A key takeaway? Business acquisition can create a path to entrepreneurship while helping preserve and grow the small businesses communities depend on.
Key Takeaways
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Buying an established business offers an alternative to starting from scratch.
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Thorough due diligence helps identify risks before acquisition.
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Understand whether you're buying a business or simply buying yourself a job.
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Company culture plays a major role in employee motivation and business growth.
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The first 90 days require careful planning and leadership.
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Long-term holding companies and franchises offer different ownership models.
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Business succession can help preserve local jobs and economic activity.
Key Topics Covered
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Entrepreneurship through acquisition
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Buying profitable small businesses
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The role of MBAs in business ownership
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Due diligence and risk assessment
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Business culture and employee motivation
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Challenges during the first 90 days
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Long-term holding companies and franchises
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Small business succession and transitions
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Common reasons small businesses fail
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Opportunities for aspiring entrepreneurs
Sound Bites
Suggested sound bites to confirm against the transcript:
“Buying a business can be an alternative to starting one from scratch.”
“Are you buying a job or buying a business?”
“The first 90 days can shape the future of a business.”