And they go after different businesses of any size. Right. So like she has some smaller businesses and like Boltons that are like really small and some larger ones. So our buy boxes are a little different.
Acquiring Minds
How to Own 20% of Multiple SMBs
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She has more volume. I think I'm gonna go for like more size of each business which they both work to some extent. Um, but we talked for an hour this morning and we both kind of came to the conclusions like why aren't more people doing this?
Like the con, the crack in it is. It's very difficult to get started in it. Like you need the credibility like I mentioned.
And it's, it's a full time job plus zone. Like it's essentially.
Let's, let's double click on that. So as impressive as your napkin math was, pretty clean. Clear path to $15 million in five years, $50 million in equity in five years, $750,000 in, in distributions.
How do you scale that even further? If you want it to be greedy, how do you build a team around or, or not even greedy but just like not be drowning in work basically because this is, you're essentially a one man show. I think you might have some help here and there.
But like all of the genius and all of the value you're providing your partners is. It truly is from you. You are providing the value directly.
So if you wanted to have your life be less crazy or maybe even do six deals a year. So you're at $30 million in equity in five years. Is it possible?
It is possible. And Katie has more of a team than me. She's been doing this for longer and is she closed on her first business and 2016 she told me so she's ahead of me in this and she just started this model relatively recently, a little before I did. So she has a team though and it helps a ton and it's her and her husband.
So she has two people kind of manning the ship and a team that helps outside of it. I am truly like a one man show in terms of like the day to day work of this. I like I'm the key man in my own business which you don't want keyman risk in any business you buy but I'm the keyman on my own. So yeah, to scale you're not really.
A business, you're an investor. Really. Yeah, is what you are.
Yeah, correct. Which is kind of how I see it too. But yeah, to, to scale it I would need to be a business. I need to become a business.
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