Never Worked Harder, Never Been Happier

Today's guest joins us on her birthday. And boy, it makes a great birthday when you love what you do, love where you are professionally. Which is the case for Gina Rosen, who bought a small jewelry wholesaling business in July of 2023, starting her pivot away from a 25 year corporate career.

Now, despite that long tenure in corporate, Gina was always aware of how precarious W2 income is. Early in her career, she'd been laid off three times in 13 months. So having experienced the W2 rug pull so early and so often, she had had her eye on income diversification and had dabbled in side hustles.

Well, the dabbling became much more serious when she got a call from a couple owners looking to sell their business to her. And so begins today's story. Now, despite Gina's entrepreneurial pivot, she is conservative.

She didn't actually quit her day job for the first year of owning the business she bought and only then because she felt forced to. Also, she's plowing all profits from the business back in and expects to do so for a number of years. She's intent on building the business foundation before taking earnings out.

Listen for the deal terms which we unpacked to the dollar. Gina didn't do the typical SBA acquisition. She bought the business in cash with the help of a heloc.

It's always valuable to learn about alternative deal structures. Here she is, birthday girl and owner of Seasons Jewelry Gina Rosen Webinars Most first time business buyers spend months finding the right deal and securing financing only to reach closing without a clear plan for the financial processes and stack they'll need.

As new owner in a webinar today, Thursday, July 9, Ryan Johnson of Acquisition Lab will walk through the finance and accounting decisions that matter most before and immediately after your closing, including setting up banking and payroll and payments before close.

Building your financial stack from day one Understanding cash flow versus profitability so you don't miss a loan, payment or payroll what SBA lenders will expect after closing and on an ongoing basis, and why bookkeeping alone isn't enough. The webinar is Finance Essentials before you close and it is today, Thursday, July 9, noon Eastern. Link to register is right at the top of this episode's…

Acquiringminds co. Welcome to Acquiring Minds, a podcast about buying businesses. My name is Will Smith. Acquiring an existing business is an awesome opportunity for many entrepreneurs and on this podcast I talk to the people who do it.

Buying a small business sounds simple. Find a company due diligence, get a loan close. In reality, you wear every hat just to get the deal done.

And then the moment you close, you have to throw those deal making skills out the window and learn how to operate. You shouldn't have to rebuild this infrastructure from scratch and you definitely shouldn't do it alone. That's why Walker Deibel created Acquisition Lab.

What started as an accelerator has expanded into a complete ecosystem for acquisition entrepreneurs. Over six years, the lab's 1,200 members have acquired over a billion dollars in businesses. The Lab puts everything under one roof, an active community, deal reviews, post close services, and a dedicated fund helping experienced operators buy larger businesses.