The Late 40s Pivot Into Business Buying

We often talk about W2 jobs as if you think about yourself as a business of one working, your employer is your customer and you have a hundred percent customer concentration. So from the perspective if you look at your yourself as a business, that's.

A buy that business, you wouldn't buy that business.

I, I would guess so. So it's kind of like you're, you're, you know, up that pyramid where, where the jobs are much fewer up there because you've reached the heights. And so were you to lose your job, get fired, get laid off, whatever it was, to go and find another job would probably be a lot.

Despite the fact that you're that much more qualified, that much more experienced, that much more of impressive of a resume. There's just fewer jobs that are well suited to you versus the 30 year old who if they got laid off, there's, there's a lot more supply of jobs that they could slot into.

So it's almost like the, the, the dynamic of the, the risk of losing a job when you're as successful as you were is scary or more acute because you're, you're, you're losing that much more money if you lose the job. And then going out and finding a replacement job is going to be harder, I would guess.

Oh that's absolutely true. I, you know there are a lot of people in my position who go without work for a long time because the jobs are fewer and farther between. That's certainly true.

And what that also means is you have even less geographical control over your life because there are fewer jobs, and wherever the job is, you got to go. And that's how I lived, you know, my career the first 20 years. And, and I was, I was maybe overly tired of it.

Great. Cherum. Well, let's hear now about the search itself. What were your criteria as you approach this?

Yeah, so I. My criteria were kind of similar to what, what you've already seen. Let me. I'll tell a little bit more about the process. So I just, I'm. I spoke with my friend in spring of 23, I decided that I would investigate and learn.

So I spent the next six months reading the books, listening to podcasts, et cetera. In fall of 23, I told my manager that I was seriously considering making a move to do this and that if I did, I would, I would leave at the end of 2024. And, and then in spring of 24, I told him, yes, I'm definitely leaving.

And so the plan was January 3rd, I was gonna. January 3rd, 2025, I was gonna quit and start looking for a job and.