ETA·BRAINa Katyella project

Acquiring Minds

Started as SBA Searcher, Built to a PE Fund

Excerpts · 459 segments · ~1:45:56 long

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But once we got the right team in place and the dynamic in the office was grooving, we were very much hands off.

I would say the first time we felt really, really good about where it was was probably a year in. Okay. You know, the, the new administrator had been there for maybe six months at that time and we had a couple of good office people in there. So it was, wasn't bad.

It just was kind of not, not really going anywhere for those first, those first few months. And it took us a while to get caught up on that. So.

And this was B.A. South Carolina. So this was local to you in Charleston?

And so Joe, despite the falling knife nature of this and the small nature of it, you. You decide to do more acquisitions. Although maybe because it was so small, you decide to do more acquisitions.

I just, it just helped me understand. Like how you were able to do that, comfortable with doing that when everybody else is. Is not and we're told not to.

Yeah, I, I guess I hadn't read enough of the literature for to advise people otherwise. But, but it just, I had the goal or the vision of what I wanted to create and I wanted, I just marched towards that. Even the days when I was working in that home care business, for example, there's nothing still for me to do like the whole day.

So I might go physically sit in the office, but I'd be spending at least half of my time or energy looking, looking at another cup, looking for another company or doing some of the consulting stuff.

Well, I should say too that as much as I try to emphasize to the audience how hard this is and you know, discourage everybody from doing it, only half joking there the, and, and, and there are of course our horror stories and there are plenty of catching of a falling knife stories and transition itself can just be choppy even if it ends up fine ultimately.

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