ETA·BRAINa Katyella project

Acquiring Minds

8-Figure Exit After 5 Years

Excerpts · 362 segments · ~1:21:19 long

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

So what is it that's going to make me jump ship into this risk, highly risky venture? And then probably the last. Well, two other pieces.

One, I was new to the industry. Would I be able to do it? And then number four, it was during COVID after the first discussion I had with the owners that day, they canceled the NCAA basketball tournament.

So I'm like, why would I do this? Why would I jump in and buy something during COVID that I don't know how to run, that I don't know how to finance? So it was several different times of saying no until I could really get comfortable with it.

So it sounds like all of those many times that you declined the opportunity had more to do with kind of risk aversion than the opportunity itself. You weren't ready, didn't feel ready, didn't know, you know, too risky. Covid hits, which naturally, I mean, who's going to make a big move then?

So, so it was more kind of for personal reasons than it was for reasons that. About the opportunity itself.

I think that's well summed up. And because what, what kept me semi, what kept me interested was the opportunity itself. I convinced myself early on with some of the tire kicking that I did, that there was opportunity here.

And then each time I, I met with the owners or learned more about the business, it really established that I could, that I really could do some damage here, that I, I do have the expertise to, to provide what they need, although I didn't have that in the industry. So I knew I would need to, to hire people around me who had the, the chops in the industry to keep me, keep me sane and smart.

But the more I learned, the, the, the more interesting the opportunity came, for sure.

And by do some damage here, you mean that in a positive sense.

How old were you at this time, Adam? Did you have a family and actually give it, give us a little bit more of your background? You, you said you started with coming out of your MBA but just give us 30 seconds on your whole kind of going back to, you know, whatever. College.

Yeah, happy to do that. So, yes, my, I, I played sports in college. I played football and baseball and where I, where I met my wife and we were married, I think, my sophomore year, so fairly young in school.

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