Is there not an outcome where you could be cash flowing a million dollars a year to yourself and having a lifestyle business in, in shorter than 10 years?
Acquiring Minds
Buying a Platform with an SBA Loan
Short excerpts only — hear the full conversation on the publisher's site.
I think we could be there in 18 months.
But I mean, I don't mean EBITDA, I mean actually into your pocket.
I, I agree and I think we could be there in 18 months.
18 months from now.
Correct. That being said, I don't think that's what's best in my mind. Further acquisitions, further balance sheet growth, reinvesting in the business. It provides more opportunities for both our staff to grow and to hire additional people and to build a more interesting business rather than Quote unquote, sitting on the beach and having a lifestyle business. And I think that's what we're…
Well, I applaud that. Not that you need, not that you need my, you know, validation here Jacob, but I, I, of course I, I do. But let me also just point out as we, that we are getting a little bit into the conversation we had in the pre call that to be an entrepreneur, you know, not have a boss, not have a W2 and to be generating a million dollars a year and have total freedom, then the business…
At times of course there will be fires to put out, but at that size you could have a president there who's absorbing most of that and to have done it in call it four years and, and by the way, your age, I mean that would be great for a 50 year old but you'll be doing it but before age 35 is an unbelievable outcome by any standard really other than other than people who want to make $10 million.…
Think, and this kind of crystallized for me in our pre call conversation. I think people in ETA maybe because. Of their finance orientation or something.
I don't come to this world from that world. I come to this world from zero to one entrepreneurship where most people fail flat on their faces. Now they don't have PGs, they don't take loans.
So there's, so it's not the, it's not the crisis that if that happens that it is for a self funded searcher, but the, the just getting to a business that actually you've built something people want and it's profitable and you don't have to work for the man anymore is its own big victory. Now most people who are entrepreneurial have bigger appetites than that but just getting there is a big win.
Then the idea that that could be half a million dollars a year and. Then, or, or a million is just. Is, would just be the dream for many.
Want what comes before or after? Hear the full episode on the publisher's site ↗