ETA·BRAINa Katyella project

Acquiring Minds

Second Time's the Charm as Owner of a $4m Business

Excerpts · 353 segments · ~1:21:07 long

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You know, I think along the way I was in my mid-20s and I read as most guys in their mid-20s that are interested in entrepreneurship at that period were reading Rich dad and Poor dad, you know, the Kiyosaki books. So I had kind of this framework like I want, you know, it gave me some context to that I, that resonated with me and I think that entrepreneurial drive enabled me to succeed in the W2…

But it was, wasn't something that I could, that I'd fully leaned into, you know, until that terrible, terrible time. So I wouldn't, yeah, I wouldn't wish that on anybody. Right. But it also kind of gave me an opportunity to reassess, you know, who I am and where I want to be. And I've got a few years left, so let's go for it, you know.

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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. Inso is your full service IT MSP for post close stability they assess your target surface, the biggest risks in plain English and give you a day one through 30 plan to cut exposure, prevent downtime, and…

Check out enzotechnologies.com I N Z O or email Nick directly at nicknzotechnologies.com okay, now we're jumping back. So, so this opportunity to do biohazard business comes along, your neighbor, at first you're a small piece investor, 10% and then you go all in by buying him out.

This is not the business we're here to talk about. This is a prelude still. But one thing I just do want to double click on before we leave the biohazard story is you had said to me you used the word naive about getting into that, that you had naivete going in and in fact it didn't go well.

So, so what, what was your naivete? What, what was the, the big lesson or two?

Probably my quest for agency, full agency overcame my, my risk assessment of, you know, where this thing could go. So you know, I, I think I was just at a point where I wanted to do a deal and I, it was kind of laid out in front of me and you know, I thought I could make a good, good go at it. Naivety in that I, you know, I didn't, I don't think I do the research on, you know, the things that I…

I didn't know about the Harvard, you know, Bible, for lack of a better term. I wasn't introduced to acquiring minds. God, you know, if I, if I had known about you back then, I could have avoided a lot of issues. But I just overheard, I haven't had

a biohazard, somebody who bought a biohazard business on which, which may tell us something.

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