Year 1 in a $300k SDE Services Business

Great. And I know a lot of your audience is interested in the search piece, so I'll try to give some good, good advice around that. So my. And my buy box was really geography for sure. So within two hours of St.

Louis. I was kind of industry agnostic, so didn't really care. I liked blue collar a lot. You know, I miss being in construction.

I've preferred kind of in the 250 to 500 SD range. I'm self funded. Didn't want to go raise a lot of money. We had some parameters just with my family and my wife that we had to stick with then.

So. And frankly the. The association that I ran, the CEO was under 2 million with 5 to 10 employees. So I felt actually super comfortable with running a smaller and growing it. So yeah, I wanted to do that. And then I added a small.

Scott, you're. So it sounds like reason number one had to do with own balance sheet and, and basically what you could afford. A certain amount of, you know, an SDE of 250 to 500 which is going to be a business that costs 750 to 1. 750. Call it depending on 3 or 4x multiple, depending on what the ste is.

And so 10 or 10ish percent of that. 10, 15% of that is kind of what you had to contribute to the project. And you and, and your wife agreed. No more.

Right.

Sort of thing.

Yep. And that gave us a little bit of savings and a little bit of wiggle room in case we needed to dip into that or inject capital into the business.

Yeah, yeah. Post close, liquidity wise.

Yeah, that's right. There's the term for everything. I added a fourth and I. When I coach people on surging, I really dig into this fourth one and I think, I think it should be added in your buy box and I think people should think a lot more about it than they do.