Just get me out of these payments. You know, I don't know how it's doing for them, but I think they, they pay cash. So yeah, at least they don't have like too big of a cash flow concern.
Acquiring Minds
Building a $25m FedEx Route Empire from $100k Equity
Excerpts · 386 segments · ~1:28:57 long
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Any other sketchy times? just um you know kind of early on when things were a bit hectic and i took on a lot of debt a lot of high interest debt with truck prices that were expensive then it was before the truck market just kind of fell out and i just had a lot of payments and it was just kind of uneasy but since then i mean it's been good did just volumes come back with fedex
volumes came back express merged with ground which expresses like the high priority you know one two day packages there's time commitments you got to get there at a certain time that was a standalone branch that they would use their own employees to run it's part of their drive initiative i was telling you about to cut cost
merged it with ground and now we we take it it's not a it's not fully integrated but it's getting there and so that was like a i don't know about a 30 increase in volume so right there if you had any underutilized assets you know you had a use form right there And then I think FedEx, they started... I can't speak for FedEx, but the rates improved.
I think they might have been paying a lot of contingency. And they decided, well, maybe this isn't the right move. Or maybe they just saw that inflation was still high, at least for our input costs.
And our rates have improved since then. Nothing stays low forever. Nothing stays bad forever.
When things are good, people forget that they'll be bad again. And when things are bad, people forget that they'll be good again. So if you can be patient and last, you can weather just about any storm.
The team at Aspen HR recently published a short white paper targeted at searchers entitled A New CEO's Guide to Human Resources. It lays out the key items you should be thinking about as you transition into CEO and owner of the business you bought. The link to download it is in the show notes.
Aspen is a professional employer organization, or PEO, run by a searcher for searchers. Search fund veteran Mark Sinatra runs the company, which provides HR compliance, flawless payroll, Fortune 500 caliber benefits, and HR due diligence support for your acquisition, all for a fraction of the cost. Go to aspenhr.com or contact Mark directly at mark at aspenhr.com.
You have a really kind of Warren Buffett-esque ability to control your psychology. You don't get carried away when times are good, and you don't get scared when times are bad. In fact, you go to work and make bets.
And we all know that. This is all the conventional wisdom of investing. But as Buffett always points out, it is...
uh surprisingly difficult for even smart people to control their own emotions in the ups and downs of market but you seem to be able to well i think the best investors were prior business people which was warren buffett as well and i i also believe that the earlier you can start like i was talking about earlier the better, uh, you know, you have a longer runway to learn from your mistakes. Yeah.…
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