And even the value of doing it that you just described outweighs the fact that you're probably not going to do it as well as a third party service provider. If, if, you know, some searchers listening, you know, they may do a few models, it may be their first models because they're not, they don't come from finance land, whereas they could have their diligence provider do that. And the diligence…
Acquiring Minds
Started Mid-Career, Grew to $38m in 3 Years
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And so it's kind of like, you know, learning a skill, not very well when, why not just outsource the whole thing and just invest your time in finding a good, a good, a good service provider to do that rather than kind of trying to figure out how to do it yourself.
So I'm someone that doesn't come from a fields, you know, we're, you know, building models all day like investment banking or consulting. And so, you know, I, I think over time I, especially during the search phase, I got better at it and it made me personally made me, I feel a better negotiator, you know, better at diligence, you know, better at digging in, you know, with the seller.
And so yeah, it may, you know, it may stop once you buy a company and you know, I don't know how many people like me are, are aspiring to go out and continue to acquire, but it's at least for, for what I'm doing, you know, where we're not stopping and haven't stopped with one acquisition, you know, it's something that I've continued and, and again, I think it saves you some, some money on the…
Whereas if I didn't have that experience and I was relying on someone else, I'm not sure how well I would truly understand the numbers and, and the story behind them.
Yeah, yeah, that's well put, Shaun. Okay, great. And so these finance classes that you. Took that you went back to Babson to take, what did you take?
And, and, and lay it out for people who might say to themselves, boy, I, I, I could do that, I should do that.
Yeah, this was A certificate program. I started out just calling up the school and saying, hey, is there, is there a platform that would allow someone that already graduated with an MBA to go back and take a couple of classes? And they recommended that it was a nine credit certificate program that, you know, had an application process, you know, required the gmat, but was fairly simple.
I mean they already had all my records and everything. So it was a pretty easy process to tackle.
Ah, but it did require the gmat.
I think it did. I'm pretty sure that it, it did. Yeah, I'm pretty confident that, that. Well that's, yeah, but go ahead.
And so, so I, you know, went back and, and took two classes over two different semesters. And the first one was, I think entitled Entrepreneurial Finance. It was a case based class where you would look at different acquisitions in each case, build out models and then make the case for the structure that you selected to do the acquisition or buy the business.
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