I feel like I was lucky because it wasn't part of my business plan. I did not foresee this. Yeah, okay. And so, you know, it could have worked out differently. It could have worked out to just be a tough business.
Acquiring Minds
Exiting for Millions vs. Long-Term Hold
Excerpts · 305 segments · ~1:22:02 long
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An easy no risk way to get to know August and the team at Oberle to take advantage. Check out oberly-risk.com that's O B E R L E hyphen risk.com link in the notes. Well, the other thing you'd said to me is that I think it was this business, maybe both, that it was unmanned under managed.
Oh, that's for sure. Yeah, yeah.
And there's a lot of opportunity, there's a lot of under management out there in the world. World. I think there is and there's a lot of opportunity in that. Expand on that. I love that.
Well, I, I think many small businesses are under managed. You know, it doesn't mean it's a good business or a bad business, but I think there are good businesses that are under managed that, that, you know, if, if you're able to get involved in one of those, you can make a lot happen. And that's really fun.
It's really fun when you, when you, when you get into a situation where you can, you know, see a five year growth plan like we were able to do there. I mean, look, lots of people have done lots greater things than that, but it was fun to be part of, you know, one of them.
Yeah, yeah.
So, yeah, I like, if, if I see an opportunity that's under managed, I like, I like, I like that characteristic because it means that you can, you think you can affect the business, but I also think you need to be humble when you say to yourself, oh, that, that place is under managed. Right. Okay, well that's what you think. Now from an outsider standpoint, you may or may not be right about that.
Well, that, and that gets to. To. The extent that there's a little bit of hubris in entrepreneurship through acquisition that we all think we can buy these businesses and do it better because that's kind of, that kind of is implicit in this whole, in this whole game. And, and so, and so, so often, you know, we're looking at, you know, that a business as under marketed or this or that and all the…
And while the exercise of trying to figure out those many levers is valuable is where you are at going to add value. Always important to go in with humility, not hubris, and recognize that for whatever reason, probably many of your, many of your levers are dead on arrival. They're just not going to work and you just can't see it yet.
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