Exiting for Millions vs. Long-Term Hold

And the rewarding side of it is if that is what you feel like you're gifted for and that is what you feel like you want to do with your life, you can do it for a long time and you can create, you know, a, a family business that, that, you know, reflects your values, that allows you to exercise your entrepreneurial gifts and creative energies around how to build it.

And it's, it's incredibly rewarding and you can, you can make that your life's work. But it's, you know, 95% execution and 5% strategy. And the execution is a lot of, you know, like I said, granular items, little blocking and tackling every day to make the business a little bit better.

How do you, how does somebody know if it's them or not? Get some experience.

Yeah. Get some experience with it. Yeah. When, when I talk to searchers. I always ask them about, like, their, you know, their family history and, and what kind of work they've done and what they.

What they connect with. And, you know, if I hear a story about, well, my dad owned, you know, an H VAC company, and I used to work there every summer. I'm like, okay, you can, you know, you know what this is like then, you know, you've been there, right?

If, if it's like, well, I've. I've just been in consulting and, you know, I think I might want to run a company. Then it's like, okay, well, how do we figure this out?

You might. But, you know, it's hard to tell from that perch whether that this is for you or not. Does that make sense?

It does. Your son and daughter recently bought their own businesses.

Yeah. So how about that? They did. They became searchers together up in Boston and bought a little industrial service company with about 20 employees. And they just finished up their first year and had a great year. They, they. They were challenged.

They, at times exhausted. But they've learned the business, that they're on top of it now. They see, you know, how they can make it better.

It's. It's really fun to watch.