Thank you. Carry on.
Acquiring Minds
Buying Small to Then Buy Larger ($1m SDE)
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Yeah, so really that was, that was how I got into it. I mean, I reached out to a whole bunch of brokers, started receiving sims pretty quickly and, and became apparent that I needed to dedicate 100, kind of all of my time to searching rather than the corporate job.
And so after a challenging, crucial conversation with my wife, walked away from, from the corporate gig and, and shortly thereafter, kind of ran across Sonny and Ash that we'll chat about. And that was, that was kind of the genesis of the first acquisition.
Well, I think I might be more interested in this, quote, challenging conversation with your wife.
Oh, my gosh. Well, I mean, you know, she, she brought up so many good points, you know, that, that, hey, how are you sure that you're gonna find something in a time? We didn't, we didn't have, you know, a million bucks in the background. Plus I needed to use some of that money to buy the business.
I was self funded. Right. So it's not like we had unlimited funds. She's like, how Quickly, are you gonna find something and how are you sure that what you're going to find is going to work for us? And how, you know, all of these questions of what about, you know, what what's this going to require of us?
And then I had to tell her that it was probably going to require a personal guarantee. That was rough, you know, and so it's like. You mean everything is getting tossed into this one bucket.
I was like, yeah, pretty much. It's like, isn't that exactly the opposite of everything that they taught you a business scores like again? Yeah, pretty much, you know.
So was there something that you said that ultimately persuaded her or was was she just basically going on, ultimately going on her trust and your ability to pull this off?
She kind of was. I, I think what she saw was that, that bit about hey look, I'm never going to get to manage something if I stay in corporate or it's like not likely. And she saw how ultimately we're a team, you know, and, and so she saw to her credit, she just saw how kind of frustrated or sad that made me and was like, well that's not going to work either. So you know, is it is a more stable or…
Yes, but is that where we're going to find happiness? Like pretty. Probably not. And so, you know, I'm just lucky, I'm lucky to have a partner that I have, you know.
Well, it's also yes, great she ultimately supported you, but also great, great that she stress tested you. You know, it's, it's good to have this idea, this crazy notion put through the ringer and, and have somebody push back on all, all of your crazy notions. So. Yeah, so good honor in both ways.
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