ETA·BRAINa Katyella project

Acquiring Minds

Buying a $40m Business as a 49-Year-Old First-Timer

Excerpts · 416 segments · ~1:31:24 long

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And just trying to find that opportunity. And then reality kicked in. Humorously, I think we finally got rid of the word.

But then I found out I was a funless sponsor. I didn't know that. And then I found out that that's not really fun to run around telling people. I'd had a few backers who said, hey, if you find something good we got, you come bring it to us.

So I wasn't wandering the earth, right, alone, but I was on my own. And they didn't. It wasn't a fund, right? So I just had to start beating the streets and telling my story and making sure people know I could, I could do this and I can execute and we can get it done.

But it was 6, 7, 8, face to face a day, and everybody I talked to, I'd ask who else I could talk to. And it was just endless, endless meeting people and telling that, that focus story. I see a lot of searchers who, who tell a story of their kind of like wide open.

I think that's very dangerous. If I was going to give a piece of advice, the universe favors focus, and so you need to know what you're looking for and what you can accomplish. So for me, Blue Collar roots focused on DFW 40 years ago. 40 years from now.

Yeah, I kind of left that one open. I was looking for something. For me, I know it's probably got to be about 20 million-plus because it's got to have meat on the bones.

I learned in those early days that I was not a startup guy. And I also knew I didn't want to just buy a job. So for me, I'm going to say 20, 25.

Heck, I'm out there telling that story now. That's my. I'm telling the same story today that I was six years ago because that 25 million plus for me is enough meat on the bone that we can go to work. Because my Run is that sort of 25 to 75 or 30 to 90 or 40 to 90.

There's, it's a different zone than God bless the people that can get it to 25. I'm not that guy. I have the utmost respect for people who can build that from scratch. I have the inability to do that.

But if we're going to go from 30 to 100, like, I know how to do that one, two years of experience. So I started beating. It's. Yeah.

Circling back to your point about the 20% growth year over year, this sort of expectation that you had learned from a young, young age,. Is this, is. This part of the kind of 20 million to what, what you just said? 60, 70 million? This plays back to that point about like a certain size of business.

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