Welcome to another enlightening episode of the Inner Edison Podcast! Today, host Ed Parcaut engages in a thought-provoking conversation with Steve Preda, a self-described "recovering entrepreneur" with a wealth of knowledge in investment banking, business coaching, and business operating systems.
In this episode, Steve shares his journey from building and selling an investment banking business in Hungary to becoming a passionate business coach in the United States. He discusses the ups and downs of entrepreneurship, the importance of having a clear purpose, core values, and strategic plans, and the critical role of attracting and motivating the right people.
**Key Takeaways:**
- Steve's background in investment banking and his transition to business coaching
- The concept of being a "recovering entrepreneur"
- Insights on business operating systems like EOS and Scaling Up
- Strategies to make businesses resilient and "buyable"
- Tools and principles for better business execution and profitability
Steve also dives into his three influential books: "Strategy OS," "Pinnacle," and "Buyable," explaining how entrepreneurs can utilize these resources to build thriving, sustainable businesses.
Don’t miss out on this engaging conversation packed with invaluable lessons and practical advice for entrepreneurs at any stage of their journey.
For more information and resources from Steve Preda, visit his [official website](https://www.stevepreda.com).
**Chapters:**
0:00 - Introduction
1:30 - Steve Preda’s Background
6:02 - Challenges and Mistakes in Entrepreneurship
10:35 - The Concept of Business Covid
16:31 - Attracting and Motivating the Right People
20:01 - The Importance of Playbooks and SOPs
23:30 - Steve’s Books: Strategy OS, Pinnacle, and Buyable
26:44 - Coaching and Supporting Entrepreneurs
28:43 - Conclusion and Contact Information
**Follow Ed Parcaut:**
- [Instagram](https://www.instagram.com/edparcaut)
- [LinkedIn](https://www.linkedin.com/in/edparcaut)
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**Follow Steve Preda:**
- [Website](https://www.stevepreda.com)
- [LinkedIn](https://www.linkedin.com/in/stevepreda)
- [Amazon Author Page](https://www.amazon.com/Steve-Preda/e/B09884XYZ/)
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