And one feature of acquired businesses that Enzo is seeing over and over is the need to implement cybersecurity promptly during the transition. So many acquired small businesses either have glaring vulnerabilities, lack security best practices or both. That step one to de risk the deal you just closed should be addressing these issues.
Acquiring Minds
From Software to Concrete Cutting (and $1.4m of SDE)
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Why do you wish you'd done this 15 years ago? Started 15 years ago even if you wouldn't have had the experience?
Well, because when I got to the finish line I was 53 and had a 5 million dollar loan, right. So I would have preferred to do that earlier in life just to have more time to build and to. And to grow into this.
The, you know, the freedoms that I have now as a business owner. I just would have liked to start that earlier. I would say, you know, the last 10 years of my career outside of the private equity experience were somewhat frustrating.
Working inside of a larger corporate structure can be difficult. So I, I know, and my wife tells me almost every day, like, I am so much happier now with what I'm doing and what I'm able to do than she's seen me in a long time. Right. Which is huge.
Absolutely huge. Yeah. It's kind of the thing.
Yeah.
Tom, one other criterion, if you will, about what you were looking for was you did want to buy a job despite. Despite everyone. Yeah. Avoiding that now, I think that, that, that you wanted, but in fact, that sounds a little bit misleading because you wanted to devote yourself full time to this, but you didn't want to be the guy sawing concrete. You wanted to be working on the business, not in the…
So, in fact, sorry, I'm, I'm, I'm stealing your thunder here. In fact, you think you don't differ that much from many of the listeners, which is they expect to devote themselves full time plus plus to this, but hopefully not in the service delivery and instead working on their businesses. Do I have that right? What did I miss?
Yes. No, you're right. I mean, going from looking for a job to saying, I, I want to provide my own, when I say I, you know, I wanted to buy a job, really, I wanted to provide my own income, my own insurance, my own stability, my own retirement savings. Right. By acquiring a business. And it is something that I looked at from the start saying, I'm absolutely willing to be a part of this.
What I didn't want was to have to stand at my business all day, be the key man of everything going on around it. I did truly want to work on things that would enhance the business, but not in any way be holding up the business. Right. Or being a decision maker.
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