That $150,000 number, for somebody of your stature in your career, feels a little bit low, a little bit below market. Do you agree? How do you respond?
Acquiring Minds
How to Buy a $20m Business as a First-Timer
Excerpts · 316 segments · ~1:30:52 long
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You know, I would have liked it to be a little bit higher. That was something that my investors felt pretty strongly. Want. They want it to come from.
They want me to be motivated to have the business perform and, and for, for us all to do well. I mean, the way the deal is structured is that my equity is the same as theirs. So, you know, if I, if I generate distributions, then we'll all benefit.
And so they'd rather see more of my pay come from that. And I'm totally aligned with that.
Yeah, yeah. It creates great alignment. And it's. And it's not to say that 150,000 will be your take home once and for all. That's just the base, if you will.
You've got opportunity for upside every year depending on performance and dividends distributed.
Yeah, great.
But that, and, and as part of the process of raising capital. That is something that you negotiate up front with your investors.
Yeah, I will say, you know, it is. It is.
Okay. We haven't talked about a couple other themes here. Your attempt to use Robs. Let's maybe kind of hear that really quickly because you ultimately didn't use it. We'll want to hear why.
Yeah.
And then the fact that this is a franchise. So let's hear about your exploration of Robs first.
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