Year 1 in a $300k SDE Services Business

Oh yeah, yeah, yeah, yeah.

So yeah, it's been instrumental. But anyway, back to the, back to the, the expenses. Yeah. So we're, I'm still, we're still dumping everything back in.

They still, they smoked in the office. That's how bad was. I almost threw up on the third day. I'm like, I can't do this.

So, and, and so Scott, I, I do have to say that I feel like not taking any, any money out, but working full time, more than full time in the business does mean that the effective purchase price of the business is whatever that your time is worth.

Fair. Yeah. Yeah, for sure.

And reflecting back on these 10 months, do you think if somebody, this balance sheet supports it, in other words, they can live off savings or live off a spouse's income while not taking any income out of their new business acquisition? Do you think that this is a good model?

It depends on what your goal is. So we didn't have to do any of that. I could have, I could have come in and left everything as is and taken the salary.

Yeah.

So the previous ownership comp basically is covering the SBA loan and then the difference was the profit. So I could have easily, but I didn't want to do that. The plan really from the beginning was let's, let's dump everything we can in that first year.

And if I can take distributions after six months, I will now paying for my cell phone, paying for my Internet, it's still covering some things. That's relieving the burden. So it's, it's not, not all, not all lost there, but the additional expenses of having to rehire just about everybody, you know, that and some other things too, but that, that really has put a dent, but it needed to be done.

And where we sit today is we're in a great spot where we're starting to grow. You know, it's our slow season right now, so we're dumping a lot into marketing. Kind of really prepping to have a monster Q2 and Q3 and grow business by 20 or 30% or more this year.