ETA·BRAINa Katyella project

Acquiring Minds

Buying a Platform with an SBA Loan

Excerpts · 411 segments · ~1:41:45 long

Short excerpts only — hear the full conversation on the publisher's site.

I could see that actually going both ways. I could see that actually being, being a positive as I, as I, as I consider you, you know, investing in you, a 28 year old though you might not have as much experience, management experience. You also have less to lose, probably more time and energy to give there.

There's a reason that Silicon Valley likes to invest in, you know, 22 year olds. The stage of life is advantageous actually even and that compensates, maybe more than compensates for lack of experience. I just took all the words out of your mouth. Please, your turn.

I certainly agree. I think at my stage in life, not yet married, no kids, already effectively working for myself and having the opportunity and the option to move anywhere in the country. That is a great base to then build on. Yeah. And especially to acquire more because now I have the optionality to move somewhere else.

We're based in North Carolina, but if I need to be based in southern Virginia or southern South Carolina where we're looking at new acquisition opportunities, I can then do that again without having to uproot the family a second time in two years, which is certainly an advantage.

Yeah, absolutely. Okay. Jacob, is there anything more to say about the search, the search mechanics, that piece, or should we jump right into the business that you found and you liked and bought?

We can jump right in. I, for any searchers that may be listening, I harp continuously on geographic openness and that was a main key to my search. I would recommend looking in these tertiary markets.

Of course, everybody would love to live in Raleigh or Austin or Dallas, but these tertiary Markets, there's a lot of opportunity, and I saw it growing up in a tertiary market, just the prevalence of small businesses. So if I could impress that on your listeners, I would highly recommend being more geographically open.

We mean roughly 100, 000 people. Yeah, you know, 50.

And not attached to a major metropolitan area. Like a hundred thousand size, you know, island town. Yep.

Want what comes before or after? Hear the full episode on the publisher's site ↗