Yeah, I could. Great. But I'd be losing the opportunity to, to, to build something.
Acquiring Minds
You’ve Been Served: Buying a $1.3m Process-Serving Company
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Absolutely.
I'd, I'd be, I'd be losing the flexibility to, to, to draft my own schedule. I'd be completely at the mercy of another entity. And I just don't want that for myself.
Absolutely. And I'm only pressing you on this. to be illustrative to the audience in what the psychological or emotional or life calculation of being an entrepreneur is. The listeners and so many people have already gone down the path, understand that you take home less money in the early years.
That said, I do think most like you do hope to build a tidy fortune for themselves eventually. So it's not all forever and ever.
the trade of money for flexibility uh but it is in the in the in the early years um and so speaking of the the medium term and longer term for this business do you have any vision for where you'd like to get it in terms of hard numbers like revenue could this be a five million ten million dollar business i think it could be a five million dollar business um that's what i'm setting my first goal…
By the end of this year, I'd like to do 2 million in revenue, which is the direction that we're trending in.
By the end of next year... 2 million in total or run rate of 2 million? Like you'll end the year having generated fully 2 million or as of January 1st?
Run rate. Run rate. Yeah, run rate. Run rate, exactly. So that's where I want to be by the end of this year is run rate 2 million EBITDA. And then I'd like to grow at about... 30% every year thereafter because that's what the company was growing at when Patrick took it over.
So I know that there's potential for that. And then I also have plans to grow through acquisition as well. The industry is just so fragmented and there's so much opportunity out there.
And deals can be structured the same way that I structured Patrick's deal. That... I mean, there's just so much that can be done in the space. And there's also opportunities for horizontal growth.
There's opportunity for vertical growth. There's all kinds of other litigation services that can be added on. And we're just now in the last two to three years seeing private equity take interest in the space.
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