ETA·BRAINa Katyella project

Acquiring Minds

Passion & Profit in an American Pastime

Excerpts · 430 segments · ~1:50:43 long

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

Now I'm not saying that every situation will be that way, but I just need to be careful and not necessarily just grow for the sake of growth. It just has to be the right fit.

Well, and I feel like you just kind of encapsulated one of the key questions around self funded search versus a different style of search like a traditional search fund or independent sponsorship where you are owning a lot less but maybe have a bigger pie but investor capital is, plays a huge role and the control and the true ownership is, is less significantly. And that's, you know, for…

The weighing all of that is, you know, needs to be decided independently. Two other questions for you, Mike. Then I'll let you go.

You want to get your first right? Your first correct. As you said, this is your first and you've already told us how the general managers or the operators on the ground here are a big part of the fabric of the business itself. You referred to the mayor, you, the business buyer fit here is just crazy, right?

Do you think about the fact that you're doing this remotely as often as you have flown over to Albuquerque? If this were down the street or if you were living in Albuquerque, how would it be different? Would it be different?

I don't know if this is going to be the most popular answer even with my staff, but I think me being there actually hurts what I'm trying to be doing. I, I do enjoy being there, but it is almost impossible to work in the business and on the business simultaneously. So I'm back in Dallas as much as I can.

I'm on location as much as I can, but I'm working on the business. I'm trying to develop these systems and processes and revenue driving opportunities and sales and marketing functions for us to grow the business. If I were closer to the business, I think I would just be there all the time and I would get kind of sucked into the day to day of the business, which is, it's hard.

I mean, even last night we had an incident where, you know, there was a customer getting louder with one of our employees and we asked him to leave and he wouldn't. And you know, that type of stuff can cause stress and it is stressful and I don't want to minimize it. But I also want to make sure that I am focused on the Big goal, and I want to be able to support the operations as much as I can.

But me being there and getting kind of, in some ways pulled into serving the drinks and running the register and things like that, it's not. It's not going to grow the business. It's going to. It's going to help kind of put the right mindset in the people.

I mean, even, like, the first few months that we were there and I was working there quite a bit, you know, I think a lot of the customers were impressed that I was running food and running drinks and taking orders and, you know, doing some of that stuff. And. And in a lot of ways, it brought me back to when I was a kid and I was working in restaurants, and it was fun.

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