A $800k Business to Start, $60m Portfolio Today

Yeah. So for us, for example, what I saw from the US is there's people who actively invest in the space. They're familiar with search funds and independent sponsors and, and know the standards within the industry.

For us, we kind of had to convince a lot of high net worth, you know, real estate investors or business owners that hey, this is, this is your returns after fees and, but you know, for a lot of them this was their first investment in a structure like this.

Two more questions for you, Andrew. The first is I assume you have contact with people who are aspiring searchers, business buyers aspiring to do what you do. Maybe not, but to the extent that you do or, or would address them, if you did, what would you tell them?

How does somebody who doesn't have all the M and A experience that you, you did as a service provider beforehand and any sort of big career advice to provide somebody who wants to do what you're doing?

Yeah, and I've provided this advice before and apologies because I forget how the quote goes, but it was Alex Hormozy. He says something like do so much work that it would be unreasonable that you're not successful. And how that applies to buying businesses is a lot of people I talk to, they're looking for the ideal business.

You know, I, I ideal valuation and, and all this stuff and you just won't get enough reps. If, if you do that, you have to, you have to get in the reps, you need those reps in because you know, you're learning something. Every, every time you do an eoi, every time you do an LOI and you're getting feedback from the seller or the business broker or who, whomever.

Right. Eventually after certain amount of reps, you're going to get something that, that you like and then you know, if you have optionality, it'll be something that, that you can decide whether you want to go forward with or not.

And finally, Andrew, on the. Or at. The risk of overselling this path and how buying businesses can just be this incredible career and lifestyle. Do share with us what your A Day in the Life of Andrew Blasenko looks like today because it's pretty sweet.

I'll, I'll caveat that will because a lot more people prefer to run a business. I would say they prefer to be the CEO. And so I, I've decided that that's not my skill set and that's not what I want to do.

And so my, my job is very similar to, although much, much, much smaller scale. But I like the analogy of, of Warren Buffett or Mohnish Pabrai where I'm. Monish Pabrai says it best.

He's, he's a gentleman of leisure. And then twice per year he makes a big decision and that provides enough income for the rest of the year. So my day to day, because I'm not running any of these businesses, if you're running a business, you're working 80 hours a week.