A $6.5m Business Worth Flying To

Day to day I work like 12 to 15 hours. I'm here at like around 5:30, 6:00 clock in the morning. I'm here 12 hours in the business attending like meetings.

I run payroll accounting, I wear multiple hats. All the IT services, everything I go on the shop floor. We have a daily meeting, like a stand up meeting.

The shop works from 6am to 2:30. After they leave we look at the progress on each machine. Me and my engineers walk through each machine, see how much progress we've made.

Any blockers on each machine? That's pretty much it with erp. After I go to my apartment here in Wisconsin I go through all the bills that I need to approve and then taking care of the payroll and then accounts payable, accounts receivable function.

At the risk of nitpicking Naveen, I'm just curious when I hear how long your days are. Some of the things that I heard you say you spend your time on feels outsourceable. Some of the finance functions, maybe even some of the IT though I understand that was where you were going to add value.

Personally, just curious why you haven't why are you able to compress these 12 and 13 hour days down by getting some of this off your plate?

I think I have started that process. The day to day minutiae of like recording and everything. All I do is approvals and then making the payments.

I want to automate some of that. But after I know the ins and outs of everything that's going on. I want to know each vendor by name and then how much we spend on each vendor, where the money is actually going.

Then I can put some of these automations in place. I have outsourced some of the day to day recording, scanning the documents, putting the numbers in, bookkeeping, but I still want to be over the approvals and everything. Until the business is streamlined, I can automate some of those functions.

So part of this is your own self education. You said to me in the pre call that understanding the business, the nooks in every nook and cranny of the business is your philosophical approach to buying a business. Say more.

I want to understand each and everything that goes on in the business before we try to automate or give it to somebody. Once you decide to hire somebody, you need to have the confidence that they might walk out any day. You can step in. As long as they're performing the functions, you need to know whether they're performing it accurately or not accurately.