The Late 40s Pivot Into Business Buying

He had left his role as a CEO because it wasn't fulfilling to him in the same reasons that we've already talked about. It wasn't fulfilling for me and I, I was mesmerized. I had never heard of a regular person, you know, buying a business.

I, I, of course there's mergers and acquisitions. Rich people buy businesses. I'm not, you know, capital w wealthy.

That doesn't make sense. And he told me what he did and, and it was like a light bulb. I mean I, or a lightning bolt may be more dramatic.

And I immediately, you know, told my wife and like, this is, I think this is what I want to do and started looking into it and we can talk a little bit more about that. But you know, he put down $100,000 and bought a million dollar business.

So he did the, he did the SBA style, self funded search, he did the regular thing.

And I'm like, what do you mean? Like, you bought that. So he bought, you know, hundreds of thousands of cash flow that are, were at that time already paying back the loan. And in essence, the business is buying itself for him.

Right.

And I, I couldn't even fathom how amazing that was. And so, you know, I started digging in. I read the two normal books.

I listened to a bunch of podcasts before finding yours, and then kind of just listened to yours and, well, we.

Gotta have that part in the interview.

Yeah, yeah, you're gonna leave that in. This is the best podcast. Maybe I'll just hit this point home.