ETA·BRAINa Katyella project

Acquiring Minds

Buying $1.5m of Earnings Without an SBA Loan

Excerpts · 304 segments · ~1:22:52 long

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And again maybe you know, putting more, putting more positive color on the experience for Stos was that doing that model, you actually are sponsored by the employer to do that. Now that's another wrinkle is, you know, it's a tough pitch to that employer because sponsoring you takes a product, takes about 10 grand. And it's a process to go through.

You know. And that, that for them is, is also, is also a hard one to swallow as a small business. Right. And most of these small businesses, I've never heard of these visa processes. You know, they, they, they just, it's not part of their wheelhouse.

And you know, the difficulty there was then, well, how do I acquire Copeland with, with this, this burden of my head with, with Stows and you know, the way around that, that eventually I structured it was with the Stow's owner. We came to an agreement where I would still do consulting work for them and they would continue to sponsor my visa.

That then allowed me the time really to be able to go ahead and work on the Copeland transaction for about four months.

Okay, great. Let me unpack a couple things there. First of all, when you. So to be clear, as the audience knows, if you're doing a full time search, that means that you're not working a job and you're just spending all day searching and you're not employed.

And so as an international, you can't do that. You're basically not, not allowed to do that, at least not for any extended period of time. So one question right there, justice is, is the obvious solution to this, although you're, it's, you know, you're kind of being forced to it where Americans can choose to do a part time search.

So that is a thing too. Where searchers keep their jobs and then they search on and weekends. Is that bas. Is that not the kind of the first and most obvious way to address this?

Yes, that, that, that's the ideal situation. Bearing in mind you're they limited geographically. Right. And you know, oftentimes the best deals come in the places.

It's by virtue of supply and demand. Where if you go to the places where the most concentrated searches are not, they are all in New York and San Francisco and probably Austin and the larger cities, Dallas and the outskirts of Dallas are still somewhat overlooked. Now I'm sure people will have counterarguments to that, but the density of Dallas searches versus New York San Francisco is totally…

And so the part time model is great, but having been in the stow seat for two years, I can't remember how many calls I received from searchers. I don't know where they got the number or the details calling me. And I was obviously empathetic to their situation because I had been there.

But you know, whomever else runs their company, they're not going to spend any time, you know, speaking to them. And so trying to do that over the phone is really difficult. Which is obviously the easiest way of doing part time is sending emails and trying different strategies to get someone's attention.

Going through brokers and so on, you know, you can obviously still get a deal done. It's just very difficult.

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